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.
Although a modest improvement is detected in the second half of 2017, Indonesian electronics manufacturers say that bleak consumer purchasing power poses a major challenge and therefore urge the government to implement policies that would strengthen purchasing power in Southeast Asia's largest economy.
One of Indonesia's leading banks, Bank Rakyat Indonesia, is planning to conduct a 1:5 stock split in order to make its stocks more affordable and increase their liquidity. At the general shareholders meeting, to be held on 18 October 2017, the plan is expected to be approved by the company's shareholders.
Based on the latest survey of Roy Morgan Indonesia, the local unit of global market research firm Roy Morgan Research, Indonesia's consumer confidence fell slightly in August 2017 to a reading of 151.7 points (down 0.4 points from the preceding month, which had been the highest reading in more than two years).
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.
