• Economic Growth Indonesia Estimated at 5.1% in 2017

    Ina Primiana, Senior Economist at the Centre of Reform on Economics (CORE), is a bit pessimistic about Indonesia's economic growth in 2017. She sees gross domestic product (GDP) expanding by 5.1 percent year-on-year (y/y) this year as commodity prices and the retail sector fail to encourage higher growth.

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  • Booming Creative Businesses in Indonesia: Barbershop (Hair Salon)

    One of the businesses in Indonesia that thrive on the back of the large population and urbanization is the barbershop (hair salon). This is an example of a creative industry that is booming as demand is (in theory) omnipresent. Therefore, barbershops have mushroomed across the bigger cities, particularly in residential areas. For the richer segments of society there are expensive hair salons and stylists in the luxurious malls, while for the "ordinary" person there are plenty of cheaper barbershops on the streets of Jakarta.

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  • Consumer Price Index Indonesia: Inflation 0.22% in July 2017

    Indonesia's inflation was recorded at 0.22 percent month-on-month (m/m) in July 2017. On Tuesday morning (01/08) Indonesia's Statistics Agency (BPS) said July inflation was attributed to rising prices in most expenditure group indices, but particularly foodstuffs (+0.21 percent), processed food, beverages, cigarettes and tobacco (+0.57 percent), housing, water, electricity, gas and fuel (+0.06 percent), clothing (+0.06 percent), health (+0.15 percent), and education, recreation and sports (+0.62 percent).

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  • OPEC Causes Oil Rally, Coal Price at Highest Level in Almost 3 Years

    The coal price extended gains on Monday (31/07) amid the crude oil rally that has been triggered by OPEC agreements. On Monday the price of coal (January 2018 contracts, the most active contract on the Rotterdam commodities exchange) rose 1.08 percent to USD $79.35 per metric ton, the highest level in nearly three years (while in early trading the price had actually tumbled 4.52 percent).

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