Today's Headlines in Indonesia

The Today's Headlines section of Indonesia Investments is a regularly updated section which contains the latest information with regard to topics that are currently causing headlines in Indonesia's media. Most of our headlines cover political, economic and social matters. As a consequence of their recent nature, these topics may not have crystallized fully yet and can, therefore, lack a profound analysis. For publications with a more in-depth understanding of subjects, we refer you to our News, Financial or Business columns.

  • Indonesian Rupiah Weakens Beyond IDR 14,700 per US Dollar Level

    The Indonesian rupiah rate depreciated beyond the IDR 14,700 per US dollar level on Friday (31/08). Based on the Bloomberg Dollar Index the rupiah had weakened 0.20 percent to IDR 14,710 per US dollar by 11:00 am local Jakarta time. Indonesia's currency is now gradually approaching a two-decade low. The weakening rupiah also caused the country's benchmark Jakarta Composite Index to fall 1.19 percent on Friday's first trading session.

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  • McKinsey Expects Great Growth for Indonesia's E-Commerce Market

    The value of the e-commerce market in Indonesia is estimated to have grown to the range of USD $55 - $65 billion by 2022. This estimate stems from a new report, titled The Digital Archipelago: How Online Commerce is Driving Indonesia's Economic Development, that was released by management consulting firm McKinsey earlier this month.

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  • Ma'ruf Amin Non-Active MUI Chairman Until Indonesia's 2019 Elections

    After Ma'ruf Amin, who is Chairman of the Indonesian Ulema Council (in Indonesian: Majelis Ulama Indonesia, or MUI), accepted Indonesian President Joko Widodo's invitation to become the latter's running mate in Indonesia's 2019 presidential election, there occurred some uncertainty about Amin's position within the MUI.

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  • Astra International Targets to Raise Market Share

    Astra International, one of the biggest companies that is listed on the Indonesia Stock Exchange (in terms of market capitalization), targets to boost its market share in Indonesia's automotive industry to 50 percent before the end of the year.

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