• Foreign Exchange Reserves Indonesia Grow in June 2016

    The central bank of Indonesia (Bank Indonesia) announced today (14/07) that the nation's foreign exchange reserves rose by USD $6.2 billion to USD $109.8 billion in June 2016. The rise was supported by foreign exchange receipts, primarily from the issuance of government US dollar-denominated bonds, the auction of Bank Indonesia foreign exchange bills, tax revenues, oil & gas export earnings, as well as the withdrawal of foreign-denominated government loans.

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  • Investment in Indonesia's Food & Beverage Industry Grows in 2016

    Investment in Indonesia's processed food and beverage industry is expected to surpass the IDR 50 trillion level (approx. USD $3.9 billion) again in 2016, up 16 percent (y/y) from IDR 43 trillion in 2015. Adhi Lukman, General Chairman of the Indonesian Food and Beverage Association (GAPMMI), said investment in this industry has been recovering in 2016 after a weakish 2015 when foreign direct investment into Indonesia's processed food and beverage industry fell 50 percent to USD $1.5 billion.

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  • Textile Industry Indonesia: Sluggish Exports, Weak Domestic Market

    Indonesia's textile and textile products industry remains under pressure this year. Exports of Indonesian textile and textile products are only expected to grow 1 percent to USD $12.3 billion in full-year 2016, below the 3 percent target that was set by the Indonesian Textile Association (API). API Chairman Ade Sudrajat said exports in the first quarter only reached USD $2.6 billion. Moreover, even on the domestic market Indonesia has trouble to compete with imports of cheap textile and textile products from Vietnam and China.

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  • Aviation Industry Indonesia 2016: Air Passenger Growth Expected at 15%

    The Indonesia National Air Carriers Association (INACA) expects the number of air passengers in Indonesia to grow 15 percent (y/y) in full-year 2016, roughly the same as growth realization one year earlier. In the first five months of 2016 there were a total of 37.38 million air passengers - both domestic and international flights - in Indonesia, up 16 percent (y/y) from the number of air passengers in the same period last year. INACA added that the Idul Fitri holiday period will not be able to boost total passengers significantly due to limited slot times.

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