Indonesia Investments Releases Its May 2024 Report: 'When Corruption Bubbles Up'
On Tuesday 4 June 2024 Indonesia Investments released the May 2024 edition of its monthly report. The report discusses various topics -related to the economy, politics and social matters in Indonesia- that were relevant in the month of May 2024.
What do we discuss in this May 2024 edition?
Firstly, there were three corruption cases that made headlines in May 2024. And interestingly enough, all of these cases involved state-owned companies that are engaged in mining. For us, these cases are a reason to zoom out, and take a more broader look at corruption in Indonesia, specifically addressing why Indonesia's rank in Transparency International's Corruption Perceptions Index has weakened significantly in Joko Widodo's second presidential term.
Secondly, we discuss the case of Barito Renewables Energy. This company, engaged in geothermal power and (recently also) wind energy, only needed a very short period to become Indonesia's largest listed company (based on market capitalization). Its share price has soared tremendously ever since it made its trading debut in 2023. We take a closer look at why this company is attractive for portfolio investors, but also why its shares dropped heavily in the last week of May 2024.
As usual, we also take a look at various economic indicators that inform us further about the state of the Indonesian economy in the second quarter of 2024. This includes inflation, trade, manufacturing activity, retail sales, consumer confidence, credit growth, and foreign visitor arrivals.
Another interesting and in-depth analysis involves Indonesia's (upstream) coffee industry. In this article we take a close look at production, consumption, and export of Indonesian coffee.
For a full list of topics discussed, you can take a look at the table of contents in the link below.
For information about buying the May 2024 edition of our monthly report (an electronic report, PDF) -or to subscribe for a longer period- you can contact us through email and/or WhatsApp:
- info@indonesia-investments.com
- +62(0)882.9875.1125
Price of this report:
Rp 150,000 (or equivalent in other currencies)
Take a glance inside the report here!
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