• Chairul Tanjung Replaces Hatta Rajasa as Indonesian Economic Minister

    Chairul Tanjung, one of the richest businessmen of Indonesia, will replace Hatta Rajasa as Indonesia's Coordinating Minister for Economic Affairs after the latter - who is also chairman of the PAN party - stepped down from his post to focus on his vice-presidential bid (as running mate of Prabowo Subianto) in the 2014 presidential election (scheduled for 9 July 2014). Today (16/05), Indonesian President Yudhoyono inaugurated Tanjung in the state palace. Tanjung only has five months left in office as a new government will be inaugurated in October 2014.

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  • What are the Official National Public Holidays in Indonesia in 2014?

    Indonesia is a large and diverse country. One of the implications of this diverse context is that the country contains a variety of different religions and traditional beliefs. The Constitution of Indonesia, a secular democratic country containing a Muslim-majority population, guarantees all Indonesian citizens the freedom of worship, each according to his or her own religion or belief. This also means that Indonesia contains many, mostly religion-inspired, public holidays on which financial markets are closed.

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  • Motorcycle Sales in Indonesia: Growth Expected to Increase in Second Quarter

    Indonesian motorcycle sales are forecast to rise in 2014 according to Sigit Kumala, Chairman of the Indonesian Motorcycle Manufacturers Association (AISI). Although sales in the first four months of 2014 (January-April), only grew 3.8 percent (year-on-year), sales are expected to grow more markedly in the second quarter of the year. However, sales may be curbed in May due to the presence of four public holidays. In May, consumers are expected to spend money on recreational activities instead of a new motorcycle.

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  • Telekomunikasi Indonesia (Telkom): Leading Telecommunication Company

    Telekomunikasi Indonesia (better known as Telkom) is Indonesia's largest telecommunication and network provider as well as one of the largest companies in Indonesia in terms of market capitalization. The company, majority owned by the Indonesian government, has a dominating market share of between 45 and 50 percent in terms of mobile phone subscribers in Indonesia. It is the parent company of the Telkom Group, which is engaged in a range of businesses that include telecommunication, multimedia, property and financial services.

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