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 to Co-Found Islamic Investment Infrastructure Bank

    Indonesia is set to co-found a new cross-border Islamic (sharia-compliant) infrastructure bank together with Turkey and Saudi-based Islamic Development Bank (IDB), a multilateral lender. Indonesian Finance Minister Bambang Brodjonegoro said that Indonesia will contribute more than USD $300 million as start-up capital for the establishment of the new bank, named Islamic Investment Infrastructure Bank (IIIB), which aims to boost infrastructure development in various countries.

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  • Indonesian Motorcycle Producers Curb Production on Purchasing Power

    Similar to the automotive industry, Indonesia’s motorcycle industry also feels the effects of lower demand so far this year. Due to Indonesia’s slowing economic growth in combination with the high domestic interest rate and depreciating rupiah, Indonesians’ purchasing power has weakened and thus Indonesian consumers have become more careful before purchasing motorcycles and cars. As a result stocks of motorcycles at local dealers have been rising and one way to have a healthier supply-demand ratio is by limiting motorcycle production.

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  • Garuda Indonesia May Cancel Direct Flights between Jakarta & Amsterdam

    State-controlled national airline Garuda Indonesia may need to stop direct flights between Jakarta and Amsterdam (The Netherlands) because the runway of Jakarta’s Soekarno-Hatta International Airport does not meet required safety standards. Airport operator Angkasa Pura II recently decreased the airport’s pavement classification number (PCN) as the surface of the runway is not strong enough to accommodate wide-body Boeings that take off while being fully loaded with passengers and fuel.

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  • Inflation in Indonesia Slowly Rising Ahead of Ramadan Month

    One month ahead of the holy fasting month of Ramadan, food prices in Indonesia have already began to rise. It is a traditional phenomenon that ahead of the Ramadan (and during this month as well as the subsequent Idul Fitri celebrations) inflation peaks as Indonesians spend more money on food products (for dinner parties in the evening after the daily fasting has ended) and other consumer products such as clothes and shoes. However, some concerns have arisen as a presidential regulation on price controls is yet to come out.

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