• IPO of Garuda Metalindo on the Indonesia Stock Exchange

    The Indonesia Stock Exchange (IDX) welcomed Garuda Metalindo as the ninth company that listed on the IDX so far in 2015. The listing was a success as shares of the company, traded under ticker symbol BOLT, rose 50 percent during its trading debut. Garuda Metalindo is a manufacturer of bolts and nuts for the automotive industry and currently owns two factories in Tangerang and Kapuk (Java). Clients of the company include Astra Honda Motor, Kawasaki Motor, Krama Yudha Tiga Berlian Motor, and Suzuki Indomobil Motor.

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  • Visit Visa No Longer Required in Indonesia for 45 Countries

    Recently the president issued Presidential Regulation number 69 of 2015 on Exemptions of Visit Visa (Visit Visa Regulation). Before the issuance of the Visit Visa Regulation, foreigners were obliged to obtain a Visit Visa before being able to enter Indonesia. Under the new regulation foreigners are exempted from this obligation. The Visit Visa Regulation is an attempt of the Indonesian government to boost the tourist industry and increase the number of foreign tourist in Indonesia. The Visit Visa Regulation is in force since June 10, 2015.

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  • Indonesia 8th Largest Shareholder Asian Infrastructure Investment Bank

    Indonesia is the eight-largest shareholder within the newly established Asian Infrastructure Investment Bank (AIIB). The Indonesian Finance Ministry announced earlier this week that the country will invest USD $672.1 million in the AIIB over the next five years. The AIIB is a new multilateral financial institution (initiated by China) that is to provide funds for infrastructure development projects in the Asia Pacific region. Initially, the AIIB has an authorized capital of USD $50 billion. This is expected to grow to USD $100 billion.

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  • Inflation Update Indonesia: Mounting Seasonal Pressures in June

    The central bank of Indonesia (Bank Indonesia) predicts mounting inflationary pressures in the months June and July due to the Ramadan and Idul Fitri festivities, the possible impact of the El Nino weather phenomenon, and the new school year. Bank Indonesia expects to see inflation at 0.66 percent month-to-month (m/m) in June 2015, particularly driven by volatile food prices (a normal phenomenon ahead of Idul Fitri). On a year-on-year (y/y) basis, Indonesian inflation is expected to accelerate to 7.40 percent, from 7.15 percent in May.

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