On 27 June 2017, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website over the last seven days. Most of the topics involve economy-related matters such as initial public offerings (IPOs) on the Indonesia Stock Exchange, the closing of 7-Eleven, GDP growth, car sales, and much more.

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Darmin Nasution, Indonesia's Coordinating Economic Affairs Minister, is optimistic that gross domestic product (GDP) of Southeast Asia's largest economy can expand between 5.1 and 5.3 percent year-on-year (y/y) in the second quarter of 2017.

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After the deal between Modern Internasional and Charoen Pokphand Indonesia to acquire convenience store 7-Eleven from Modern Putra Indonesia, a subsidiary of Modern Internasional, was scrapped earlier this month, Modern Internasional has now announced it will terminate all operations of the existing 120 7-Eleven stores per June 30, 2017.

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Car sales in Indonesia in May 2017 were in line with expectations. The Indonesian Automotive Industry Association (Gaikindo) said car sales in the month prior to Idul Fitri (the celebrations that mark the end of the Ramadan month) always tend to show a modest rise every year, specifically passenger cars.

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