• Survey: Majority See Prabowo Subianto Guilty of Human Rights Violations

    A survey conducted by Lembaga Survei Indonesia (Indonesian Survey Institute, abbreviated LSI) shows that about 51.5 percent of respondents believe that current presidential candidate Prabowo Subianto was involved in the kidnapping and disappearance of political activists in May 1998. Subianto - commander in chief of the Kostrad (the Indonesian Army's Strategic Reserve Command) in the period March to May 1998 - has since long been linked to human rights violations in Jakarta’s May 1998 riots as well as in East Timor in the 1980s.

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  • Weak Governance in Indonesian Mining Sector: Overlapping Mining Areas

    R. Sukhyar, Director of Mineral and Coal at the Indonesian Energy and Mineral Resources Ministry said that 184 mining business licenses (Indonesian: Izin Usaha Pertambangan, or IUP), needed for exploration and mining activities, have been revoked this June because of overlapping mining areas and illegal administration. The revoked permits concerned mining areas in Jambi (99 revoked licenses), South Sumatra (83), and South Sulawesi (2). This case is another illustration of weak governance in Southeast Asia’s largest economy.

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  • Indonesian Rupiah Exchange Rate Update: Down 0.20% on Oil Concerns

    The Indonesian rupiah exchange rate had depreciated 0.20 percent to IDR 11,819 per US dollar by 15:30pm local Jakarta time based on the Bloomberg Dollar Index. This performance is in line with the performance of other emerging currencies in Asia, which all tend to weaken against today’s strengthening US dollar. One of the factors that pressures on the rupiah is the geopolitical tensions in Iraq which have resulted in a rising oil price (last week the oil price rose by 4.5 percent).

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  • Influence of FIFA World Cup Football Brazil 2014 on Indonesian Exports

    The FIFA World Cup 2014, the world’s most prestigious football tournament (currently taking place in Brazil), boosts the textile and textile products industry of Indonesia. Local Indonesian companies have had to deal with a large increase of orders, particularly for apparel products. In the first six months of 2014, Indonesian exports of apparel products are expected to rise 15 percent to USD $3.5 billion. Between 10 and 15 percent of this total value involves exports of football jerseys of those teams that compete in the FIFA World Cup.

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