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.
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.
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.
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.
After its shares surged 4.33 percent to IDR 19,875 a piece on Friday (22/09), Bank Central Asia (BCA) is now the biggest company listed on the Indonesia Stock Exchange (in terms of market capitalization). On the last trading day of the week the finance sector outperformed all other sectors on the Indonesian exchange. The market seemingly anticipated Bank Indonesia's latest interest rate cut.
