Domestic motorcycle sales in Indonesia declined 5 percent year-on-year (y/y) to 680,642 units in October 2014 (from the same month last year). Particularly weaker sales of the underbone motorcycle impacted negatively on total October motorcycle sales. As people are concerned about a looming subsidized fuel price hike this month (causing accelerated inflation, thus curbing people’s purchasing power), consumers postpone the purchase of a motorcycle. The government is expected to raise prices of subsidized fuels by almost 50 percent.

Lanjut baca ›

Today is Hari Pahlawan (Heroes’ Day) in Indonesia. On this day, which is always celebrated on 10 November, Indonesia commemorates those people (posthumously) that have made a significant contribution to the country. Currently, the list of Indonesian heroes numbers 163 people (only 12 of which are women), and most of whom were involved in the battle against colonialism. Each year, the Indonesian president can add names to this list. This year, Indonesian President Joko Widodo added four names.

Lanjut baca ›

On 9 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 GDP growth in the third quarter of 2014, October inflation, higher subsidized fuel subsidies, Islamic finance, unemployment, the IPO of Blue Bird, a crude palm oil update, Indonesia’s tax system, and more.

Lanjut baca ›

The central bank of Indonesia announced on Friday (07/11) that the country’s foreign exchange reserves grew slightly in October 2014. At the end of the month, the reserves stood at USD $112 billion (from USD $111.2 billion at the end of the previous month). The central bank said that these reserves increased mainly on government export receipts in the oil & gas sector, as well as growth of banks’ foreign currency deposits at Bank Indonesia. This growth exceeded government external debt payments.

Lanjut baca ›