Indonesian Coordinating Economic Minister Chairul Tanjung said that construction of the Giant Sea Wall project, part of the National Capital Integrated Coastal Development (NCICD) masterplan, will start on 9 October 2014. This ambitious mega-project, situated in the bay of Jakarta, aims to enhance flood prevention, foster urban development and - more generally - to turn Jakarta into a more prestigious metropolis. The project requires a total of USD $40 billion in investments. Private participation is vital for financing of the project.

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On 5 October 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 topics such September inflation, August trade balance, the IPO of Blue Bird, a rupiah and stock update, a new plantations bill, political developments, and more.

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A survey of Indonesia’s central bank (Bank Indonesia) shows that Indonesian consumer confidence declined slightly to 119.8 points in September 2014 (from 120.2 points in the previous month) on concerns that price increases will limit people’s purchasing power. These concerns are triggered by president-elect Joko Widodo’s plans to raise prices of subsidized fuels before the year-end in an effort to safeguard the country’s financial fundamentals. Widodo (popularly known as Jokowi) will be inaugurated on 20 October 2014.

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Based on a report from Akamai Technologies Inc, an America-based Internet content delivery network, Indonesia is ranked 101 in terms of the world’s fastest Internet connections with an average Internet connection speed of 2.5 Mbps. This implies that Internet connection quality in Indonesia is among the weakest regions in the world. As Internet has become an essential tool for the transfer of information, fast Internet is important to foster efficient business and a solid investment climate.

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