• Indonesia Revises Negative Investment List to Boost Foreign Investments

    The Indonesian government has revised the country's Negative Investment List (Daftar Negatif Investasi) in order to boost foreign and domestic direct investments (FDIs) into Indonesia. The revision, which is not fully published yet, is based on Presidential Decree No 39 - 2014 on the List of Open and Closed Sectors for Investments (Perpres 39 - 2014 tentang Daftar Bidang Usaha Tertutup dan Bidang Usaha Terbuka dengan Persyaratan di Bidang Penanaman Modal). However, for some sectors the maximum limit of foreign ownership has been curbed.

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  • Which are Indonesia's Most Profitable Listed State-Owned Enterprises?

    As companies' corporate earnings reports covering the first quarter of 2014 have been released since the last couple of weeks, it is interesting to take a quick look at the top ten most profitable Indonesian state-owned companies (SOE) that are listed on the Indonesia Stock Exchange (IDX). The ten companies are ranked on highest net profit in Q1-2014 in the table below. It is interesting to note that four of these companies are banks, while there are two pairs of cement producers and construction companies.

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  • Unemployment in Indonesia Declines to 5.70% of the Total Labor Force

    On Monday (05/05), Statistics Indonesia announced that unemployment in Indonesia declined to 5.70 percent (of the total labor force) in February 2014, equivalent to 7.2 million people in absolute terms. Compared to August 2013 (when Indonesia's unemployment rate was 6.17 percent), this constitutes a marked improvement. However, growth was limited compared to February 2013 (when unemployment was 5.82 percent), Data on Indonesia's (un)employment are released twice per year, covering conditions in the months February and August.

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  • Indonesian Crude Palm Oil Producers Post Good Financial Results in Q1-2014

    Indonesian companies engaged in the production of crude palm oil (CPO) recorded impressive financial figures in the first quarter of 2014. Combined, 13 CPO companies that are listed on the Indonesia Stock Exchange posted IDR 3 trillion (USD $260.9 million) in net profits over the first quarter of 2014, a 116.1 percentage growth from the same period last year. Main reasons for this growth are the sharply depreciated Indonesian rupiah exchange rate in combination with the rising global CPO price and looming new El Niño cycle.

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