Sales of tires in Indonesia are expected to remain bleak in 2016. Azis Pane, Chairman of the Indonesian Tire Companies Association (APBI), said sales of tires this year may only reach 8.5 million units (roughly the same sales figure as in the preceding year), while exports of Indonesian-made tires may fall to 30 million units (from a "normal" figure of 45 million). Domestic tire sales are highly dependent on the nation's car and motorcycle sales. Indonesia's February motorcycle sales declined 5.6 percent (y/y) to 524,864 units in February 2016, after a 17.2 percent (y/y) plunge in the preceding month.

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On 27 March 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 infrastructure development, the current account deficit, updates on various sectors including property and banking, the controversial decision regarding the Masela LNG plant, land reclamation, and much more.

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According to Franky Sibarani, Head of the Indonesia Investment Coordinating Board (BKPM), around 200 Chinese furniture companies have expressed their interest to relocate their factories to Indonesia because operational costs in China have been rising sharply in recent years, particularly wages. Moreover, rattan (an important material for furniture) is readily available in Indonesia. Sibarani said the changing structure of the Chinese economy (shifting from investment and export-driven to consumption) is why many Chinese manufacturing companies want to relocate their companies abroad.

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Malaysia-based coffee producer Classic Worldwide International Group (CWIG) will soon start operations at its coffee factory in Indonesia. The factory, located in Banten (West Java), is expected to be ready for production at the end of the second quarter this year with a designed production capacity of 500,000 boxes of coffee per month. Output will be branded Kopi Pak Belalang. The management of CWIG said the plant will require about 100-150 local workers. Besides supplying the domestic market, output will also be exported to Malaysia.

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