• Infrastructure in Indonesia: Update Jakarta-Surabaya Railway

    The Indonesian government plans to show results of the prefeasibility study for the revitalization of the north coast railroad - that connects Jakarta and Surabaya on the island of Java - to Japan immediately after the study has been completed. Luhut Binsar Pandjaitan, Indonesia's Coordinating Minister for Maritime Affairs, said the government is expecting to start discussing the project in early August 2017.

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  • Commodity Watch Indonesia: Can Tea Exports Increase?

    Business players believe that Indonesia's tea exports will rise at least 10 percent year-on-year (y/y) in the first half of 2017 on the back of rising global demand, although there have been obstacles in terms of tea exports to the European Union (EU). However, Indonesia Tea Council Treasurer Teguh Kustiono is optimistic that there are plenty of other countries - outside the EU - where demand for Indonesian tea grows.

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  • Government Proposes to Revise Indonesia's 2017 Budget Deficit

    The Indonesian government proposes to revise the budget deficit in the 2017 State Budget as it eyes an increase in spending but a cut in revenue (less-than-expected tax income) in the remainder of the year. On Thursday (06/07) Indonesian Finance Minister Sri Mulyani Indrawati handed the proposal to Commission XI of Indonesian parliament. The Finance Ministry now sees the shortfall rising to IDR 36.16 trillion (approx. USD $2.7 billion) in the 2017 budget.

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  • Stock Market Update Asia: What Is Affecting Markets Today?

    Asian shares are under pressure on Friday morning (07/07) due to declines on Wall Street overnight. These declines were caused by the ADP jobs report, released on Thursday (06/07), that missed estimates as well as by rising tensions surrounding North Korea's ballistic missile tests and a tech sell-off. Meanwhile, global sovereign debt yields rose on expectation that the European Central Bank (ECB) is moving closer toward unwinding its massive monetary stimulus.

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