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.
Astra International, one of Indonesia's largest diversified conglomerates, sold 398,995 cars in the first eight months of the year, up 9 percent year-on-year (y/y) from the company's car sales in the January-August 2016 period. The Astra Group, the biggest force in Indonesia's automotive sector, now controls 56 percent of the nation's car sales market.
American multinational technology company Google and American global management consulting firm AT Kearney completed a joint study and released a report, titled "Indonesia Venture Capital Outlook 2017", that shows Indonesia's startup market is thriving - albeit coming from a low base. Financial technology is regarded the top category for future investment.
Pembangunan Perumahan (PP), a government-controlled construction company, revised the initial public offering (IPO) plans for its subsidiaries. Originally, the company planned to list three units on the Indonesia Stock Exchange in 2017. However, based on the latest statements of the management of PP, only one unit - PP Presisi - will conduct an IPO before the end of 2017.
Those Indonesians (as well as expats living in Indonesia) who enjoy visiting places like Singapore for some quick shopping will be happy to learn that the Indonesian government decided to raise the maximum value of private goods - purchased overseas - that can be carried into Indonesia free of import duties and tax.
