Indonesia rose six positions in the 2017 edition of the IMD World Competitiveness ranking. In this edition Southeast Asia's largest economy was ranked 42nd. This is positive because it shows the government's reform agenda is having an impact by improving the investment and business climate. However, Indonesia remains ranked behind its regional peers the Philippines (41st), Thailand (27th), Malaysia (24th), and Singapore (3rd).

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Charoen Pokphand Indonesia, the largest producer of poultry feed, day old chicks and processed chickens in Indonesia, will not acquire convenience store (franchise) 7-Eleven from Modern Putra Indonesia, a subsidiary of Modern Internasional. On Monday (05/06) Modern Internasional said it had scrapped the deal while both parties had earlier signed a business acquisition agreement, in April 2017, regarding the sale of the 7-Eleven franchise for IDR 1 trillion (approx. $75.2 million).

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One of Indonesia's leading cellular services providers, XL Axiata, may sell part of its stake in online marketplace Elevenia to collect new funds for expansion of this e-commerce platform. However, there is also another option. XL Axiata could also decide to use funds from its internal cash reserves. Dian Siswarini, President Director of XL Axiata, said a decision will be taken within the next two months.

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The main question today is how markets in Asia will respond to the terror attacks in London and the weaker-than expected US jobs report, both occurring at the end of last week when Asian markets had already closed. Interestingly enough, the bleak US employment data did little to dent investor sentiment in the USA at the end of last week. The three key indexes on Wall Street all rose on Friday, moving closely to record highs.

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