Traditional retail companies in Indonesia need to change their business-as-usual mindset to overcome fierce competition from online shops or e-commerce. In line with rising Internet and smartphone penetration as well as improving infrastructure, more and more goods and services can now be purchased online - often at more competitive rates -, implying the role of Indonesia's "old fashioned" traditional retail companies is on the decline.

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Rising activity at the Mount Agung volcano on the eastern part of Bali has made local authorities decide to impose a 12-kilometer exclusion zone around the mountain's crater. Reportedly, nearly 35,000 people have been evacuated from this zone. Mount Agung has shown unusual activity for the past two weeks, triggered by a series of small earthquakes below the volcano.

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Tugu Pratama Indonesia, an Indonesia-based general insurance company, announced it will not conduct its initial public offering (IPO) on the Indonesia Stock Exchange in 2017 as initially targeted. Instead, it now targets to become a publicly listed company in the first half of 2018. Corporate Secretary Syaiful Azhar said there were several internal and external obstacles that blocked the IPO.

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On 24 September 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 matters such as the latest interest rate cut, nasi goreng bonds, Indonesian companies, healthcare, infrastructure, and more.

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