• Indonesia's May Trade Surplus Narrows to $375.6 Million

    Today (15/06) Statistics Indonesia (BPS) announced that Indonesia's May trade balance showed a surplus of USD $375.6 million, below analyst estimates (at USD $680 million) and below the (revised) USD $660 million trade surplus recorded in the preceding month. Although having a trade surplus is good, there remain concerns about Indonesia's falling exports and imports as these declines are signs of weakening domestic and global economic activity.

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  • Asia Top 100 University List: University of Indonesia (UI) on 67th

    In the latest Asia Top 100 University List - which is based on the Quacquarelli Symonds (QS) University Ranking 2016 - the University of Indonesia (UI) rose 12 spots to settle at 67th place. The top three universities remained unchanged with the National University of Singapore at the top of the list, followed by the University of Hong Kong and Nanyang Technological University. With Hong Kong taking up four spots inside the top 10, while China, Singapore and South Korea take two spots, each, to complete the top 10 it is clear which countries dominate Asia in terms of best university education centers.

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  • IPO of Cikarang Listrindo on the Indonesia Stock Exchange

    Indonesian independent power producer Cikarang Listrindo raised IDR 2.4 trillion (approx. USD $180.5 million) from an initial public offering (IPO) on the Indonesia Stock Exchange on Tuesday (14/06). The company is the first independent power producer to go public in Indonesia and the 5th firm to be added on the Indonesia Stock Exchange in 2016. Cikarang Listrindo floated 9.7 percent of its enlarged share capital on the bourse. On its trading debut its shares rose 2.6 percent from IDR 1,500 to IDR 1,540 a piece.

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  • Indonesia Declares Patimban Seaport a National Strategic Project

    The central government of Indonesia has officially declared the Patimban Seaport project in Subang (West Java) a national strategic project through Presidential Decree No. 47/2016, signed by Indonesian President Joko Widodo. This declaration implies that the project is regarded a priority project that benefits the economy and society as a whole. The priority status further means that all ministers, government agencies and governors need to support the development of the project.

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