• Economy of Indonesia: Financial Sector is Stable, Says KSSK

    The Financial System Stability Committee (in Indonesian: Komite Stabilitas Keuangan, or KSSK) stated that Indonesia's economy is stable. The KSSK further informed that it will raise efforts to enhance market confidence in Indonesia's financial sector. The KSSK, an Indonesian institution that is responsible for preventing financial crises, consists of a selection of key policymakers from the Finance Ministry, Bank Indonesia, Financial Services Authority (OJK) and Deposit Insurance Corporation (LPS).

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  • How Many Drug Users are there in Indonesia?

    It is estimated that about 1.2 million Indonesians experiment with drugs (roughly 0.50 percent of the total population). Nurul Ilmi Idris, Professor at the Hasanuddin University in Makassar (Sulawesi), informed that the number of Indonesian experimental drug users has risen from 850,000 in 2008, to 1.1 million in 2011, and now - in 2016 - stands at 1.2 million. Increasing drug consumption in Indonesia is also reason why Indonesian President Joko Widodo allowed various executions in recent years - including various foreign drug traffickers killed by firing squad.

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  • Cement Consumption in Indonesia to Rise in 2017?

    Cement consumption in Indonesia is expected to rise around 8 percent (y/y) to 68 million tons in 2017 from an estimated 63 million tons this year. This optimistic projection was expressed by Widodo Santoso, Chairman of the Indonesia Cement Association (ASI). Government-led infrastructure projects are believed to be the main pillar of support for next year's rising cement consumption in Southeast Asia's largest economy, particularly the one million houses program as well as other strategic projects.

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  • One Fuel Price Policy Indonesia, Higher Operational Costs Pertamina

    In order to realize Indonesian President Joko Widodo's recently announced "One Fuel Price policy", state-owned oil and gas company Pertamina will need to invest about IDR 380 billion (approx. USD $29 million) in additional infrastructure. Last week Widodo announced, when visiting Papua in the far east of Indonesia, that fuel prices are to become the same across the entire archipelago. Due to weak infrastructure and poor distribution channels, prices of gasoline and diesel are about ten times as expensive in Papua compared to Java.

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