Japanese Prime Minister Shinzo Abe informed Indonesian President Joko Widodo that Japan is eager to be involved in the USD $3 billion Patimban deep seaport in Subang (West Java). This seaport is envisaged to become an international seaport with a 7.5 million twenty-foot equivalent units (TEU) capacity. President Widodo is in Japan for a two-day visit (26-27 May). On the sidelines of the Group of Seven summit, Widodo and Abe discussed several projects: the Patimban seaport, the revitalization of the northern Java railway, and the Batang power plant.

Read more ›

Investors from South Korea plan to invest up to USD $18 billion in Indonesia. Indonesian President Joko Widodo, Chairman of the Chamber of Commerce & Industry (Kadin) Rosan Perkasa Roeslani, Trade Minister Thomas Lembong and Foreign Minister Retno Marsudi witnessed the signing of business agreements and memorandums of understanding (MoU) in Seoul on Monday (16/05), covering bilateral cooperation in infrastructure development such as power plants, gas pipelines and railways as well as trade, creative economy, environment, and maritime affairs.

Read more ›

According to the Central Java Police Department, executions of 13 convicted drug traffickers - through firing squad - are being prepared and should be completed within a couple of weeks. Names and nationalities of the 13 people on death row in Indonesia have not been published yet. However, it is reported in media that three Indonesian prisoners have been transferred to the island Nusa Kambangan, the location where executions usually take place, on Sunday (08/05).

Read more ›

The Indonesian government released the 12th economic policy package on Thursday (28/04). This latest edition focuses on enhancing the ease of doing business for the small and mid-sized companies in Indonesia in a bid to attract more investment, hence giving a boost to economic growth. In the 12th package the government announces it has cut a number of procedures and permits, as well as costs, required for the development of a business. Indonesia's Chief Economics Minister Darmin Nasution unveiled the package on Thursday in Jakarta's Presidential Palace.

Read more ›

Rosan Roeslani, Chairman of Indonesia's Chamber of Commerce and Industry (Kadin Indonesia), is optimistic that investment from the Netherlands into Indonesia will continue to grow in the years ahead as the Indonesian government has been focused on improving the investment climate of Southeast Asia's largest economy. President Joko Widodo's visit to the Netherlands (22-23 April 2016) resulted in about USD $606 million worth of Dutch investment commitments, signed on Friday (22/04) in The Hague.

Read more ›

On 24 April 2016, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website over the last seven days. Most of the topics involve political and economic matters such as Joko Widodo's visit to Europe, the monetary policy of Bank Indonesia, Indonesia's Gini ratio, the palm oil and coal sectors, foreign ownership of property in Indonesia, the problems surrounding infrastructure spending in Indonesia, and more.

Read more ›

For the first time in 16 years an Indonesian president will visit the Netherlands. Starting on 21 April 2016 Indonesian President Joko Widodo will pay a two-day state visit to the former colonial masters as the last part of his short visit to the European Union. The main aim of the visit to the Netherlands is to enhance economic ties between both nations. Widodo (often called "Jokowi") will be welcomed by Dutch King Willem-Alexander, meet Dutch Prime Minister Mark Rutte, visit Maasvlakte 2 (a major civil engineering project in the port city of Rotterdam), and meet various Dutch businessmen.

Read more ›

In its bid to enhance connectivity across the Indonesian archipelago, the government of Indonesia is eager to boost toll road development. Enhanced connectivity is key to curtail the nation's high logistics costs hence improving the competitiveness of domestic businesses while also making the investment climate more attractive. Besides business interests, enhanced infrastructure development is also important from a social point of view (for example, people's access to healthcare is improved). In this column we take a look at the developments of the Balikpapan-Samarinda toll road on the island of Kalimantan.

Read more ›

On 13 March 2016, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website over the last seven days. Most of the topics involve economic matters such as the performance of Indonesian blue chip stocks, the impact of negative interest rates in the Eurozone, logistics costs, coal mining, crude palm oil, Japanese investment, and more.

Read more ›

Today (09/12) millions of Indonesians head to the ballot boxes to vote for new regional leaders i.e. nine provincial governors, 36 mayors, and 224 district heads. These elections are important as the process of decentralization in the post-Suharto era has transferred considerable authority and power to the regions. As such, the regions now have a larger role and greater responsibility regarding economic development. Around 100 million people are eligible to cast a vote in the world's third-largest democracy. Today, 9 December 2015, has been declared a public national holiday.

Read more ›

A shock wave went through Indonesia's financial markets on Friday (14/03) after 15:00 local Jakarta time, when it became known that Joko Widodo (popularly known as Jokowi) is joining the presidential race for the July 2014 election. Moreover, he can count on full support from the Indonesian Democratic Party of Struggle (PDI-P), one of Indonesia's largest political parties, led by chairwoman Megawati Soekarnoputri. Few people doubt that Jokowi - current Governor of Jakarta - will be elected as the next president of Indonesia.

Read more ›

After months of uncertainty and speculation, Governor of Jakarta Joko Widodo (popularly known as Jokowi) has finally declared to run for the Indonesian presidency in the presidential election scheduled for 9 July 2014. Jokowi is backed by the Indonesian Democratic Party of Struggle (PDI-P), one of the largest political parties in Indonesia, led by chairwoman Megawati Sukarnoputri. On Friday (14/03), Megawati released a statement in which she announced to fully support Jokowi in the upcoming elections.

Read more ›

Coordinating Minister for Economic Affairs Hatta Rajasa said that the rupiah exchange rate's new equilibrium is at IDR 11,000 per US dollar. As the economic fundamentals of Indonesia's economy have improved in recent months - evidenced by the easing current account deficit and inflation - the rupiah has shown a strong performance, appreciating around six percent against the US dollar in 2014 (year to date). In fact, Rajasa warned that the rupiah should not strengthen too much as this impacts negatively on Indonesia's trade balance.

Read more ›

With Indonesia's presidential election approaching (9 July 2014), investors - both domestic and foreign - have become more hesitant to commit to large investments, instead preferring to wait for the election results first. Obviously, investors want to see a 'market friendly' president to lead Southeast Asia's largest economy for (at least) the next five years; a ruler who can safeguard a conducive investment climate. For the Indonesian people, a just ruler is needed; one who can improve Indonesia's political and social issues.

Read more ›

In the Bloomberg Dollar Index, Indonesia's rupiah exchange rate depreciated 0.47 percent to IDR 12,238 per US dollar on Monday (27/01). The decline of the rupiah was in line with today's trend of weakening Asia Pacific currencies (against the US dollar). Meanwhile, the central bank's mid rate (the Jakarta Interbank Spot Dollar Rate or JISDOR) depreciated 0.17 percent to IDR 12,198 per US dollar. Market participants are concerned about Indonesia's January 2014 inflation and further Federal Reserve tapering.

Read more ›