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.

  • Investment in Airport Construction: Improving Indonesia's Infrastructure

    Indonesia's Ngurah Rai Airport on the idyllic island of Bali is now the country's largest airport in terms of passenger capacity. Being newly renovated, it can handle 25 million passengers per year. As such, it has surpassed Soekarno-Hatta International Airport, located just outside Jakarta (Java), and the new Kuala Namu airport in Medan (Sumatra), which have passenger capacities of 22 million and 8.1 million respectively. However, after renovation of terminal three at Soekarno-Hatta will be finished, Ngurah Rai is to lose its top spot again.

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  • Indonesia's Foreign Exchange Reserves Grow Slightly in August 2013

    For the first time since April 2013, Indonesia's foreign exchange reserves have shown a small growth. Indonesia's central bank (Bank Indonesia) stated that in late August, the foreign exchange reserves rose to USD $92.99 billion from USD $92.67 billion a month earlier. The growth was a surprise as continued capital outflows from Indonesia's financial markets was expected to translate into lower reserves. Last week, Indonesia's benchmark stock index fell 2.97 percent, while the rupiah fell 2.55 percent against the US dollar.

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  • G20 Summit Russia: Indonesia within the G20 Group of Major Economies

    The G-20 summit in St Petersburg (Russia), which is held on Thursday (05/09) and Friday (06/09), is not expected to result in unanimous support for a military action against Syria as China and Russia are opposing strongly to such an action. Indonesia's president Susilo Bambang Yudhoyono stated that Indonesia takes the middle road regarding the Syria-case. Apart from Syria, other topics that are discussed include the possible ending to the Federal Reserve's quantitative easing program, global economic growth and financial stability.

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  • OJK: Six more IPOs Expected on the Indonesia Stock Exchange in 2013

    The Financial Services Authority of Indonesia (OJK or Otoritas Jasa Keuangan) announced that six more Indonesian companies are planning to conduct their initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in 2013. The OJK is currently processing the applications, which should see the listings materialize in Q4-2013. One company that was expected to conduct its IPO, but postponed, was Puradelta Lestari. The company was not willing to conduct the IPO in the midst of current bearish market conditions in Indonesia.

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