• Jokowi & Brodjonegoro on Indonesia’s Subsidized Fuel Price Hike

    After speculation started to rise that Indonesia would perhaps not raise prices of subsidized fuels (gasoline and diesel) in November as recent declining global oil prices have managed to somewhat relieve the government’s budget deficit, Indonesian Finance Minister Bambang Brodjonegoro said over the weekend that the Indonesian government is still eager to raise these prices within a couple of weeks. However, he added that the price hike will be less than IDR 3,000 (USD $0.25) per liter.

    Lanjut baca ›

  • Indonesia Investments' Newsletter of 16 November 2014 Released

    On 16 November 2014, 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 matters such as the country’s current account deficit, balance of payments, minimum wage of Jakarta, US investments in Indonesia, the benchmark interest rate, an overview of the footwear industry, and more.

    Lanjut baca ›

  • Minimum Wages Indonesia: Ahok & Jakarta’s Minimum Wage Growth

    Acting Jakarta Governor Basuki “Ahok” Tjahaja Purnama said that the minimum provincial wage for Jakarta (Upah Minimum Provinsi) will not exceed IDR 2.7 million (USD $221) in 2015. This new minimum wage would mean a 10.3 percentage point increase from Jakarta’s current minimum wage of IDR 2.44 million (USD $200). According to the acting Governor, the new minimum wage would be above the needed salary to have an acceptable standard of living in the capital city of Indonesia (which Ahok puts at IDR 2.53 million or USD $207).

    Lanjut baca ›

  • Indonesia’s Balance of Payments (BoP) Improves in Q3-2014

    The balance of payments (BoP) of Indonesia, the widest measure of Indonesia’s financial balance with the rest of the world (encompassing all transactions between the country’s residents and non-residents involving goods, services and income), hit a surplus of USD $6.5 billion in the third quarter of 2014, up from the USD $4.3 billion surplus in the previous quarter. The surplus of USD $13.7 billion in the Q3-2014 financial and capital account offset the USD $6.84 billion current account deficit.

    Lanjut baca ›