• February Car Sales Indonesia Fall slightly, Cause for Optimism?

    An improvement has been detected in Indonesia's car sales. According to the latest data from the Indonesian Automotive Industry Association (Gaikindo) car sales in Indonesia totaled 88,250 units in February 2016. Although this figure is 0.6 percent down from sales in the same month one year earlier, the percentage fall is the slowest since August 2014. Noegardjito, Secretary of Gaikindo, said this limited decline came on the back of Indonesia's improving economy. However, February was still the 18th consecutive month of contracting car sales in Southeast Asia's largest economy.

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  • Indonesia's House Ownership Credit (Kredit Pemilikan Rumah) to Grow in 2016

    Indonesia's banking sector expects that House Ownership Credit (Kredit Pemilikan Rumah, abbreviated KPR) will grow strongly in 2016 as Indonesian people's purchasing power and consumer confidence is estimated to improve amid accelerated economic growth. The majority of home buyers in Indonesia use KPR from a financial institution to finance the purchase of a house. However, interest rates on KPR are high and therefore a burden for many property buyers (although the government provides subsidy for the low-income group that uses KPR to finance a first-time property purchase).

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  • Coal Mining in Indonesia: Limited Reason for Optimism

    Having been the center of negative attention for quite some years now, Indonesia's coal mining sector has given some room for speculation that conditions will improve. Indonesia's coal price (Harga Batubara Acuan, abbreviated HBA), a monthly price set by Indonesia's Energy and Mineral Resource Ministry and mostly based on the average of global coal prices, rose 1.3 percent (m/m) to USD $51.62 per ton in March 2016. Although it is much too early to start speculating about a sustained rebound, the increase is remarkable as it is the first time in exactly one year that the HBA manages to rise.

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  • Indonesia's Pembangunan Jaya Ancol Seeks Foreign Strategic Partner

    Pembangunan Jaya Ancol, an Indonesian company that is engaged in the development of real estate and consulting services for the planning and development of tourist and hospitality sites, received the green light from its majority stakeholder - the local Jakarta administration - to conduct a rights issue. The company is primarily known for managing Taman Impian Jaya Ancol, an integrated recreation and resort complex in North Jakarta. This complex is Jakarta's number one tourist destination, attracting nearly 17 million visitors on an annual basis.

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