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.
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.
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.
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?
Like in most other nations across the world, Indonesia is also experiencing rapid urbanization. Currently, 56 percent of the Indonesian population lives in urban areas (at the start of the century - in 2000 - the figure was 42 percent). Although urbanization is - in theory - an engine of economic growth, Indonesia is not reaping the full benefits of urbanization.
