• Indonesia’s July Inflation Rises 0.93% on Higher Food & Transportation Prices

    Inflation in Indonesia accelerated more than expected in July 2015. Based on the latest data from Statistics Indonesia (BPS), Indonesian inflation rose 0.93 percent (m/m) in July, primarily due to higher food and transportation costs caused by the Ramadan month and Idul Fitri celebrations. During this month, the people traditionally increase consumer spending (triggering higher food prices) and millions of people travel back to their places of origin for the Idul Fitri festivities (triggering higher transportation costs).

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  • El Nino Inflicted Drought & Forest Fires in Indonesia to Worsen in 2015

    Indonesian state news agency Antara reported that the El Nino weather phenomenon has begun to affect several parts of the country. El Nino, which occurs once every five years on average, causes climatic changes across the Pacific Ocean leading to droughts in Southeast Asia and therefore has a major impact on harvests of agricultural commodities. Moreover, due to the shortage of rain, it is easier for fires to damage the environment. Antara reported that in Banten (West Java) as well as in Riau and Jambi (Sumatra) these effects are felt.

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  • Indonesia Investments' Newsletter of 2 August 2015 Released

    On 2 August 2015, 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 in the last seven days. Most of the topics involve economic subjects such a forecast for Indonesia’s economic growth in the Q2-2015, an update on the rupiah rate, foreign direct investment realization in Q2-2015, consumer confidence, new tax regulations in the palm oil sector, and more.

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  • Footwear Industry: Nike Inc. Plans New Shoe Factory in Indonesia

    Adis Dimension Footwear, the local Indonesian unit of American multinational footwear and sportswear manufacturer Nike Inc, announced it is preparing a new USD $60 million factory in Majalengka (West Java). This new factory, which will produce the Nike brand shoes for the growing global market, is designed to have a production capacity of 10 million pairs of shoes per year. Harijanto, Chairman of Adis Dimension Footwear, said the plant is a long-term project. While the plant is under construction, human resource training has already started.

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