• Bank Indonesia: Inflation Likely to Ease below 1% in August 2013

    Indonesia's central bank expects that the country's monthly inflation rate will ease to below one percent in August. However, in order to meet this expectation the bank stresses that there needs to be an improvement in the food product supply through imports and good distribution practice. The latter, particularly, is problematic due to Indonesia's lack of quality and quantity in infrastructure. In July, monthly inflation rose 3.29 percent due to the start of the new school year and impact of higher subsidized fuel prices.

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  • Ahead of Ramadan and Idul Fitri, Indonesia´s Retail Sales Grow 14.8%

    Data from Indonesia´s central bank, Bank Indonesia, indicate that Indonesia´s retail sales grew 14.8 percent in June 2013 compared to the same month last year. The growth was higher than expected. Previously, a survey among Indonesian retailers showed that a growth rate of 10.8 percent was expected in June. In May 2013, retail sales had climbed about 12 percent (YoY). As such, these numbers are evidence of growing domestic consumption led by the country´s rapidly expanding middle class.

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  • Pembangunan Perumahan: Indonesian Building Construction Company

    Pembangunan Perumahan (better known as PP) is a government-controlled construction and investment company in Indonesia. The company's lines of businesses consist of construction services in building and infrastructure, property, engineering, procurement and construction (EPC), as well as investment. PP was the second-largest company in terms of largest net income in Semester I-2013. Being a state-controlled entity, it benefits from the government's increased focus on infrastructure development. 

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  • Indonesia's Idul Fitri Traffic Causes many Accidents, Casualties and Injuries

    According to Indonesia's police department, heavy traffic caused by the Idul Fitri celebrations resulted in the deaths of more than 471 people as well as 740 seriously injured people in over 2000 traffic accidents. Most accidents are caused by drivers that fall asleep during the journey. Idul Fitri marks the end of the holy fasting month (Ramadan) and is one of the major national holidays in Indonesia. This year Idul Fitri fell on Thursday 8 August and, as usual, is accompanied by the tradition that Indonesians travel back to their places of birth.

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