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.
Investors are again in search of safe haven assets on Wednesday (27/09), hence most emerging market currencies, including Indonesia's rupiah exchange rate, are weakening against the US dollar. Based on the Bloomberg Dollar Index, the rupiah had depreciated 0.28 percent to IDR 13,412 per US dollar by 14:45 am local Jakarta time. Yesterday, the rupiah had already weakened 0.37 percent against the greenback.
Indonesia's ranking improved in the World Economic Forum (WEF)'s Global Competitiveness Report 2017-2018. In the latest edition, released earlier today (27/09), Indonesia ranks 36th, up from 41st in last year's edition. In the 2017-2018 edition, a total of 140 countries are analyzed (using 12 pillars of competitiveness) and ranked by WEF, a Swiss non-profit foundation.
The Transportation Ministry of Indonesia hopes to attract up to IDR 40 trillion (approx. USD $3 billion) in investment commitments from (foreign) investors during the fourth Asia-Europe Transport Ministers Meeting, held on Bali between 26-28 September 2017. These investments are needed to finance 12 infrastructure projects in Indonesia that are on offer.
Emdeki Utama, a leading Indonesian calcium carbide manufacturer, was added to the Indonesia Stock Exchange on Monday (25/09). The company became the 22nd company to conduct an initial public offering (IPO) in Indonesia so far in 2017. There are now 556 companies listed on the local exchange.
