Today's Headlines in Indonesia

The Today's Headlines section of Indonesia Investments is a daily updated section which contains the latest information with regard to topics that are currently causing headlines in Indonesia's media. Most of our headlines will 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.

  • Bank Indonesia Expected to Raise Benchmark Interest Rate in May 2018

    There is a big possibility that the central bank of Indonesia (Bank Indonesia) will raise its benchmark interest rate (the 7-day Reverse Repo Rate) at the monthly policy meeting in May (scheduled for 16-17 May 2018). Bank Indonesia Governor Agus Martowardojo confirmed that Bank Indonesia is currently preparing "strict and consistent monetary policy measures, including the adjustment of the benchmark rate, as the central bank gives priority to market confidence and macroeconomic stability".

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  • Bank BRISyariah Makes Trading Debut on the Indonesia Stock Exchange

    Bank BRIsyariah made its trading debut on the Indonesia Stock Exchange (IDX) today, hence becoming the 11th company to have completed its initial public offering (IPO) in Indonesia so far in 2018. It is the first Islamic finance unit of a state-controlled entity (Bank Rakyat Indonesia) to have listed on the IDX. Charles Bowman, Lord Mayor of the City of London, was present at the listing ceremony at the IDX building on Wednesday morning (09/05).

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  • Clash between Police Officers and Inmates at Mobile Brigade Headquarters

    A clash between officers and inmates broke out at the National Police's Mobile Brigade headquarters' detention center in Depok (West Java), not far from Indonesia's capital city of Jakarta, on Tuesday evening (08/05). Reportedly, five officers and one inmate have been killed. One officer is still being held hostage. Several other officers are being treated in a local hospital. Although still unconfirmed it is believed that these rebellious inmates are convicted Islamist militants.

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  • Foreign Exchange Reserves Indonesia Declined Further in April 2018

    The central bank of Indonesia (Bank Indonesia) announced that the nation's foreign exchange reserves stood at USD $124.9 billion at the end of April 2018, down from USD $126.0 billion one month earlier. This decline is in line with expectations as the central bank had already confirmed it is intervening in the market to defend the Indonesian rupiah amid broad-based US dollar strength.

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