Indonesia-Australia CEPA Expected to Be Signed in March 2019
Indonesian Trade Minister Enggartiasto Lukita said the Indonesian government plans to sign the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) in March 2019.
Today's Headlines in Indonesia
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.
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Garuda Indonesia Group Lowers Air Ticket Prices by 20%
After plenty of public outcry over the past month, the Garuda Indonesia Group decided to cut prices of air tickets by 20 percent for all domestic flight routes. Starting per Thursday (14.02.2019), air passengers can enjoy lower ticket prices when flying Garuda Indonesia, Citilink Indonesia, Sriwijaya Air, and NAM Air.
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Strong Growth of Retail Sales in Indonesia in December 2018
A survey of Indonesia's central bank (Bank Indonesia) shows that retail sales have grown strongly in December 2018. The growth pace was recorded at 7.7 percent year-on-year (y/y) in the last month of 2018, strengthening from an annual growth rate of 3.4 percent (y/y) in the preceding month.
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Three Strategic National Projects of Indonesia to Be Completed in 2019
The construction of three national strategic projects - worth a combined IDR 70 trillion (approx. USD $5 billion) - is targeted to be completed before the end of 2019. These three projects are: (1) the first phase of Jakarta's mass rapid transit (IDR 16 trillion), (2) the New Yogyakarta International airport (IDR 10.8 trillion), and (3) the Patimban seaport in Subang, West Java (IDR 43.2 trillion).