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.

  • IPO News Indonesia: Offering of Waskita Beton Precast

    Precast concrete producer Waskita Beton Precast is expected to raise IDR 5.16 trillion (approx. USD $391 million) from an initial public offering (IPO) on the Indonesia Stock Exchange. As such, the IPO of the company, a unit of listed state-controlled construction company Waskita Karya, could be the biggest offering of the past five years. After the book-building process has been completed, the price of one Waskita Beton Precast share is expected to be IDR 490 a piece. However, the final price will be announced on 1 September 2016.

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  • Authorities Indonesia to Limit Visitor Numbers at Borobudur Temple

    Nadjamuddin Ramly, Director of Heritage and Cultural Diplomacy at Indonesia's Ministry of Education and Culture, said authorities plan to limit the number of visitors that are allowed to enter the Borobudur temple in Magelang (Central Java) to 15 people at one time. This move would relieve rising pressure on the structure of the ancient building. Especially in weekends and holidays hundreds of visitors enter the site causing concern about the preservation of the temple that is listed by UNESCO as a World Heritage Site.

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  • Falling Crude Palm Oil Production Indonesia, CPO Price to Rise?

    Production of crude palm oil (CPO) in Indonesia is expected to decline 5 percent (y/y) to 29.6 million tons from a realization of 31.2 million tons in the preceding year. At the start of the year the Agriculture Ministry of Indonesia targeted CPO output around 31-32 million tons in full-year 2016. However, lower-than-targeted CPO production is the result of a looming strong La Nina weather phenomenon (which brings wetter-than-usual conditions to Southeast Asia) and the strong El Nino earlier this year (bringer droughts to Southeast Asia).

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  • Forest Fires in Indonesia Bring Traditional Haze Season

    The "haze season" is back in Indonesia and other parts of Southeast Asia. Forest fires in Riau (Sumatra) are the main cause of smoke that has been carried to Singapore and Malaysia over the weekend. But also fires in West and Central Kalimantan have caused local haze. Hundreds of firefighters and military personnel were deployed to combat forest fires in Riau where 162 hotspots were counted over the past couple of days. Indonesian farmers' (illegal) slash-and-burn practices (aimed at clearing land) are the cause, while dry and hot weather exacerbate the situation.

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