• Sluggish Growth Foreign Tourist Arrivals in Indonesia

    Although the Indonesian government scrapped visit visa requirements for another 45 countries in mid-2015 (for a maximum stay period in Indonesia of 30 days) - with the aim of attracting more tourists - there has not been a marked increase in foreign tourist arrivals in 2015. Therefore it is unlikely that Indonesia will achieve its target of welcoming 10 million foreign tourists in 2015. In the first ten months of the year a total of 8.0 million foreign tourist arrivals were reported.

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  • Foreign Investors Keen on Investing in Indonesia's Food Sector

    The food sector is one of the sectors within Indonesia's manufacturing industry that continues to lure foreign investors. This statement is based on the latest report of the Indonesia Investment Coordinating Board (BKPM), the investment services agency of the Indonesian government, released in late December. The agency notes that applications by investors for principle licenses in the food sector in the period 1 January to 28 December 2015 were worth a total of IDR 184.9 trillion (approx. USD $13.5 billion).

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  • Crime in Indonesia: Jakarta Slightly Safer in 2015

    The crime rate in Indonesia's capital city of Jakarta fell slightly in 2015. Whereas in 2014 there occurred 44,687 crime cases in Jakarta, the following year the number had fallen to 44,304 cases, a mere 0.87 percent decline (year-on-year). Inspector General Tito Karnavian, Chief of the Jakarta Metropolitan Police Command, said this decline is an indication that effectiveness and efficiency of crime prevention has improved. In 2015 one out of every 513 people in Jakarta became victim of crime.

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  • Stock Market Indonesia: Performance Jakarta Composite Index in 2015

    The last trading day of 2015 on the Indonesia Stock Exchange has passed and now it is time to look back on the performance of Indonesia's benchmark stock index (Jakarta Composite Index) and the rupiah during 2015. The year 2015 was a hectic year, characterized by volatile behavior due to uncertainty about the timing of the looming US interest rate hike (which was finally decided upon by the Federal Reserve in December 2015) and the economic slowdown of China.

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