Today's Headlines in Indonesia

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.

  • Indonesia's Rupiah Performing Well Today against US Dollar. Why?

    Indonesia's rupiah currency is performing remarkably well today. By 13:20 pm local Jakarta time the rupiah had appreciated 0.75 percent to IDR 12,943 per US dollar (Bloomberg Dollar Index). There are several factors that are pushing the rupiah in a stronger position. Enny Sri Hartati, economist at the Institute for Development of Economics and Finance (Indef), informed that capital inflows are the result of the government's tax amnesty program and rising foreign direct investment (FDI). Meanwhile, there is the impact of the US presidential debate.

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  • Finance Ministry Indonesia Conducts Government Bond Auction

    The Finance Ministry of Indonesia is conducting a rupiah-denominated Government Debt Securities (SUN) auction on Tuesday (27/09). The auction opened at 10:00 am local Jakarta time and will close at 12:00 pm. The indicative target of the government is set at IDR 12 trillion (approx. USD $923 million), while the maximum target is set at IDR 18 trillion (approx. USD $1.4 billion). Proceeds are used to finance the Revised 2016 State Budget.

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  • Tax Revenue Realization Indonesia Remains Far from Target

    Realization of non-oil & gas tax revenue reached IDR 705 trillion (approx. USD $54 billion) up to 26 September 2016, or 53.5 percent of the full-year non-oil & gas revenue target that was set in the Revised 2016 State Budget (IDR 1,318.9 trillion). Ken Dwijugiasteadi, the Finance Ministry’s Taxation Director General, said bleak non-oil & gas tax revenue realization is partly the result of lower income tax and value-added tax realization generated from imports. Both Indonesia's import and export performance have been declining for nearly two years.

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  • Jean-Claude Trichet on the Indonesian Economy; New Policy Packages

    Jean-Claude Trichet, president of the European Central Bank (ECB) from 2003 to 2011, says the strategy of Indonesian President Joko Widodo to boost overall economic growth (and social development) in Southeast Asia's largest economy through infrastructure development is the correct strategy. Although this strategy requires time, it will result in structural long-term growth. Trichet spoke at an international seminar in Jakarta, themed "Challenges to Global Economy", organized by the Indonesian Deposit Insurance Company (LPS) to mark its 11th anniversary.

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