On 25 December 2017, 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 Fitch Ratings' rating upgrade, elections, IPOs, tourism, urbanization, tax revenue, and more.

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Vessel guidance, sea freight and maritime services company Jasa Armada Indonesia, a subsidiary of state-owned port operator Pelabuhan Indonesia II (abbreviated Pelindo II), became the 36th company to have completed its initial public offering (IPO) on the Indonesia Stock Exchange in 2017. On Friday (22/12) the company made its trading debut on the local bourse.

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The flow of tourists to Bali, Indonesia's top tourist destination, is gradually recovering after the eruption of Mount Agung (although the volcano is still showing activity). Therefore, Indonesian Tourism Minister Arief Yahya is optimistic that Bali will welcome at least seven million foreign tourists in full-year 2018.

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Fitch Ratings, one of the globe's big three credit rating agencies, decided to upgrade Indonesia's long-term foreign- and local-currency issuer default ratings (IDR) to BBB (with a stable outlook), from BBB- previously. What influenced Fitch Ratings' decision?

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