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.

  • New Regulation Makes it Easier for Foreigners to Work in Indonesia

    The government of Indonesia issued Presidential Regulation No. 20/2018 on the Use of Foreign Workers in Indonesia. This new regulation aims at simplifying the permit application process for foreign workers, hence making the process more efficient and faster. Among the key changes is that the previously mandatory Expatriate Placement Plan (in Indonesian: Rencana Penempatan Tenaga Kerja Asing, or RPTKA) has been removed in specific cases.

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  • Palm Oil Price Fell in Q1-2018, Uncertain Impact of Trade War

    The crude palm oil (CPO) price weakened 3.85 percent to 2,425 Malaysian ringgit per metric ton in the first quarter of 2018. Key reason behind this decline is increased CPO output in Indonesia and Malaysia, the world's two top palm oil producers that - together - account for around 85 percent of total global CPO production.

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  • Indonesia's Overall Credit Growth Sluggish, Consumer Credit on the Rise

    Consumer credit has been the driver for credit growth in Indonesia's banking sector in the first two months of 2018. Within consumer credit it are the multipurpose and motor vehicles segments that show good growth. Based on data from Indonesia's central bank (Bank Indonesia) consumer credit grew 11.1 percent year-on-year (y/y) to IDR 1,392.4 trillion (approx. USD $101.6 billion) in February 2018, accelerating from a 10.4 percent (y/y) growth pace in the preceding month.

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  • Tourism in Indonesia: Rising Foreign Visitor Arrivals in February 2018

    Foreign visitor arrivals in Indonesia showed good growth in February 2018. Based on the latest data of Statistics Indonesia (BPS), a total of 1.2 million foreigners entered Indonesia for a short visit in the second month of 2018. This constitutes a 9.1 percent increase compared to the preceding month and a 17.4 percent increase compared to February one year ago.

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