The central bank of Indonesia announced that the country’s foreign exchange reserves declined USD $900 million to USD $111.1 billion at the end of November 2014. The decline was primarily due to government debt repayments and the central bank’s use of foreign exchange to engage in monetary management. Meanwhile, the Indonesian rupiah exchange rate - which had touched six year lows in recent days - appreciated 0.08 percent to IDR 12,299 per US dollar on Friday (05/12) based on the Bloomberg Dollar Index.

Lanjut baca ›

The latest survey of Indonesia’s central bank showed that consumer confidence fell slightly in November 2014 amid concern that the recent subsidized fuel price hike will lead to decreased business activity as well as reduced job availability in the next six months in Southeast Asia’s largest economy. Bank Indonesia’s consumer confidence index fell to 120.1 points from 120.6 points in October. The institution interviewed 4,600 households in 18 major Indonesian cities for this survey.

Lanjut baca ›

Government investment service agency Indonesia Investment Coordinating Board (BKPM) targets IDR 524 trillion (USD $42 billion) worth of investments in 2015, a 15 percent growth from estimated investment realization this year (IDR 450 trillion). BKPM is optimistic that after the ‘political year’ of 2014 (due to the legislative and presidential elections) the new government will push for the implementation of various infrastructure projects such as toll roads, harbours and airports, thus making Indonesia more attractive to foreign investors.

Lanjut baca ›

Gold miner Archi Indonesia, unit of the Rajawali Corpora Group, decided to postpone its initial public offering (IPO) on the Indonesia Stock Exchange (IDX) due to the sluggish global economy resulting in the weak global gold price (which is currently touching four-year lows). Archi Indonesia’s IPO was planned to be held this December and was estimated to be the largest IPO on the IDX in 2014 in terms of capital raised (roughly USD $285 million), exceeding the value of taxi operator Blue Bird’s IPO earlier this year.

Lanjut baca ›