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.
In local media in Indonesia it is reported that the Indonesian government, in this case the Trade Ministry of Indonesia, claims that Norway is on the brink of provoking a trade war against Indonesia. Indonesian Trade Minister Enggartiasto Lukita threatens Norway with retaliation if the Norwegian government goes ahead with parliament's vote to ban the public procurement and use of palm oil-based biofuel.
Indonesia-based electronic transaction services provider Artajasa Pembayaran Elektronis, which is indirectly owned by Indosat Ooredoo, decided to cancel its initial public offering (IPO) on the Indonesia Stock Exchange because the company may have found an alternative for fresh funds to finance the company's purchase of information technology equipment and to strengthen its working capital.
The local and thriving ride-hailing market in Southeast Asia is dominated by local startups. Foreign counterparts fail to gain significant market share. The latest proof is Uber Technologies Inc.'s decision to sell its operations and assets in the Southeast Asian region to Singapore-based technology company (but originally founded in Malaysia) Grab. Through this consolidation-move, Uber will obtain a 27.5 percent stake in the combined entity, while Uber's chief executive officer will join the board of Grab.
On 26 March 2018 Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website over the last seven days. Most of the topics involve economy and market-related topics such as Indonesia's GDP growth, the impact of trade war concerns on stocks, Indonesia's growing medical device industry, the free trade deal with Australia, IPO's, and much more.
