The government of Indonesia unveiled its ninth economic stimulus package on Wednesday (27/01) in an effort to boost the nation's economic growth. The ninth package aims to combat Indonesia's high logistics costs hence improving competitiveness of domestic industries while making Indonesia's investment climate more attractive. It is estimated that Indonesia's logistics costs are equivalent to around 25 percent of the nation's gross domestic product (GDP), among the highest in the ASEAN region.

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English Premier League football club Manchester United established a partnership with Indonesia's isotonic drink brand You C1000. Today (27/01) it was announced that both sides will team up in a multi-year deal to expand brand awareness across the Southeast Asian nation. Indonesia, where football is one of the most popular sports, is estimated to be home to 54.5 million followers of Manchester United.

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In the latest annual Corruption Perceptions Index, compiled by Transparency International (a Germany-based politically non-partisan institution), Indonesia's ranking improved to 88th (from 107th in last year's edition). As such, Indonesia continues to rise through the ranks of the index. Although this is a very encouraging development, it needs to be emphasized that the nation is still plagued by a high degree of corruption. Transparency International's index measures the degree to which corruption is perceived to exist among public officials and politicians.

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With the notable exception of China, Asian stock markets are showing solid gains on Wednesday (27/01) on the back of yesterday's sharp oil price rebound and rising stocks on Wall Street overnight. These factors caused Indonesia's benchmark Jakarta Composite Index to have climbed 0.70 percent to 4,541.82 points by 12:40 pm local Jakarta time on Wednesday (27/01). On Tuesday, West Texas Intermediate closed at USD $31.45 per barrel, up nearly four percent, giving rise to rising US stocks.

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