• Indonesian Tobacco Giant Sampoerna Shuts down Two Cigarette Plants

    HM Sampoerna, Indonesia's largest tobacco company, decided to close two of its seven hand-rolled cigarette factories as the company needs restructuring due to its declining market share in the country's hand-rolled cigarettes industry. The market share fell from 30.4 percent in 2009 to 23.1 percent in 2013 as consumers are shifting to machine-rolled cigarettes. HM Sampoerna's hand-rolled cigarette plants in Jember and Lumajang (both in East Java) will be closed on 31 May 2014 and will lead to the termination of 4,900 employees.

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  • Indonesia Investments' Newsletter of 18 May 2014 Released

    On 18 May 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 political and economic topics such as updates on the presidential election, the revision of Indonesia's macroeconomic assumptions, youth unemployment, palm oil, coal, company profiles of HM Sampoerna and Telekomunikasi Indonesia, and more.

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  • Coalition Golkar and PD? Aburizal Bakrie & Pramono Edhie Wibowo

    According to the latest information, Golkar and Partai Demokrat (PD) may form a coalition which will nominate Aburizal Bakrie (Chairman of Golkar) as its presidential candidate and Pramono Edhie Wibowo (PD member, a former army chief and incumbent President Susilo Bambang Yudhoyono's brother-in-law) as its vice-presidential candidate. Golkar is Indonesia's second-largest political party, while PD is the fourth-largest party based on the result of the April legislative election.

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  • Indonesia Election Update: Golkar and PDI-P Move Step Closer to Coalition

    It is becoming more and more likely that the Golkar party (the second-largest political party of Indonesia based on the legislative election that was held in April 2014), will join the coalition that consists of the PDI-P (winner of the legislative election), NasDem and PKB. This coalition has already announced its full support for highly popular Governor of Jakarta Joko “Jokowi” Widodo as the coalition’s presidential nominee for the presidential election (9 July 2014). The running mate of Jokowi, however, remains a question mark.

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