• Religious Violence Indonesia: Buddhist Temples Tanjung Balai Damaged

    Religious violence and intolerance flared up in Indonesia's North Sumatra over the weekend when an angry Muslim mob burned down (or damaged) 12 Buddhist temples in Tanjung Balai. According to local authorities the mob was mobilized after an Indonesian woman of Chinese descent complained about the loud volume of the calls to prayer and Koranic recitals at the mosque that is situated in front of her house. One day later, seven people were detained by Indonesian police on suspicion of attacking the temples.

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  • Indonesia Investments' Newsletter of 31 July 2016 Released

    On 31 July 2016, 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 economic matters such as Indonesia's tax amnesty program, inflation, foreign investment, but also political topics such as the recent executions and the cabinet reshuffle.

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  • Growth of Foreign Direct Investment (FDI) in Indonesia Slows in Q2-2016

    Direct investment in Indonesia (both domestic and foreign) totaled IDR 298.1 trillion in the first half of 2016, up 14.8 percent from investment realization in the same period one year earlier. Foreign direct investment (FDI) was recorded at IDR 195.5 trillion¹, up 12.3 percent (y/y) - and accounting for 65.6 percent of total investment realization in the first six months of 2016 - while domestic direct investment (DDI) rose 20.0 percent (y/y) over the same period. On a quarter-to-quarter basis, FDI into Indonesia rose 7.9 percent, considerably lower than the 17.1 percent (q/q) growth pace in the preceding quarter.

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  • Stock Market Update Indonesia: Disappointing Bank of Japan Stimulus

    After being in green territory for almost the entire trading day, Indonesia's benchmark Jakarta Composite Index suddenly plunged into deep red in the last 1.5 hours of trading on Friday (29/07). HM Sampoerna, one of the largest companies on the Indonesia Stock Exchange in terms of market capitalization, shocked analysts by plunging 9.70 percent. Another huge company, Unilever Indonesia also put severe pressure on the Jakarta Composite Index by plunging 5.75 percent on Friday.

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