• Indonesian Smartphone Users Replace Their Device Every Two Years

    Good news for smartphone manufacturers in Indonesia. Based on a survey conducted by Advan, MARS Research Specialist, and telecommunications expert Hasnul Suhaimi, the majority of Indonesian consumers replace their smartphone with a new one every two years, on average, as they want to own a newer model (with more attractive features and applications) or because they need to replace their damaged smartphone. Another - and obvious - conclusion of the survey was that Indonesian consumers want a high-quality smartphone at an affordable price.

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  • Suning Holdings Group Acquires Inter Milan from Indonesia's Erick Thohir

    FC Internazionale Milano (or simply Inter Milan) will go into Chinese hands after Indonesian businessman Erick Thohir and former Inter President Massimo Moratti agree to sell a stake in the Italian football club to China-based electronic retailer Suning Commerce Group. Three years ago media tycoon Thohir, founder of the Mahaka Media Group, purchased a 70 percent stake in Inter Milan, a deal worth around 300 million euro. Suning Commerce Group will now acquire a controlling 68.55 percent stake in Inter. Thohir remains as president with a 31 percent stake.

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  • Indonesian Rupiah versus US Dollar: Thriving on Weak Jobs Report

    Changing perceptions about US monetary policy have a big impact on Indonesian stocks and - especially - the rupiah, today. According to the Bloomberg Dollar Index, the Indonesian rupiah had appreciated 1.30 percent to IDR 13,418 per US dollar by 12:55 pm local Jakarta time. Meanwhile, the Jakarta Composite index rose 0.52 percent to 4,879.06 after the first trading session on Monday (06/06). What caused this performance? Well, the release of the weakest US jobs data since 2010.

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  • Plastic Industry Indonesia May Expand in 2016 Despite New Taxes

    Sales in Indonesia's plastic industry are expected to rise 6.5 percent to 4.3 million tons (roughly USD $8 billion) in 2016 supported by rising plastic and plastic products demand in those industries that use these materials (for example, Indonesia's food & beverage industry and the automotive industry). Fajar Budiono, Secretary General of the Aromatic, Olefin and Plastic Industry Association (Inaplas), said the year 2016 should be a good one for the plastic industry as the economy of Indonesia has started to stabilize after a prolonged slowdown.

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