Below is a list with tagged columns and company profiles.
Latest Reports Jakarta
On Sunday 5 May 2024 Indonesia Investments released the April 2024 edition of its monthly report. As usual, the report zooms in on topics - relevant in the month of April 2024 - that affect the investment environment of Indonesia.
If, indeed, the capital city of Indonesia will be moved away from Jakarta (Java) to the North Penajam Paser Regency and (partly) the Kutai Kartanegara Regency (in East Kalimantan) then Indonesian President Joko Widodo’s name will forever be linked to the new capital city as he was the one who initiated this huge project.
The continuously rising number of confirmed novel coronavirus (COVID-19) cases in the province of DKI Jakarta, which is the political and economic heart of Indonesia, has made the DKI Jakarta Provincial Government decide to impose a new local lockdown (heavy social and business restrictions, locally known as 'PSBB'). Jakarta Governor Anies Baswedan confirmed that the lockdown will be re-imposed per Monday 14 September 2020.
On Monday (07/10) Indonesia Investments released the September 2019 edition of its monthly research report. The report aims to inform the reader of the key political, economic and social developments that occurred in Indonesia in the month of September 2019 and also touches upon key international developments that impacted on the Indonesian economy.
An annual peak in urbanization in Indonesia is one of the most interesting consequences of the Lebaran period. Ahead of Lebaran - a national holiday when Indonesian Muslims celebrate the end of the Ramadan month - around 20 million Indonesians (most of whom reside in the urban centers of Java) travel back to their places of origin to spend a couple of days with their (extended) families. It is a tradition that is locally known as mudik.
In late April 2019 it was rather suddenly announced that President Joko Widodo wants to move the capital city away from Jakarta (in fact, he even wants to move the capital away from Java Island).
The occupancy rate of office space in Jakarta in 2018 is estimated to reach its lowest level since 2012. The sliding figure is not caused by a decline in investment realization in Indonesia (which often involves the opening of new offices in the capital city of Jakarta) - in fact investment is rising - nor is it caused by an exodus of companies away from Jakarta (although a modest decline in demand for office space was detected). It is the opening of new large office towers what is troubling the ratio this year.
The extended Eid al-Fitr holiday is now over and everyone should be back at work per Monday (25/06). Indonesia's capital city of Jakarta is also, again, plagued by heavy traffic congestion. In fact, traffic congestion should be slightly worse than before the holiday because it is estimated that more than 72,000 newcomers settled in Jakarta after this year's Eid al-Fitr holiday.
Two international events are estimated to have a significant impact on the Indonesian economy in 2018. Firstly, the 2018 Asian Games, to be held from 18 August to 2 September 2018 in - and around - the Indonesian cities of Jakarta and Palembang. Secondly, the 2018 annual meetings of the International Monetary Fund (IMF) and World Bank Group, to be held in Nusa Dua, Bali, on 12-14 October 2018. Both events will trigger foreign exchange earnings and give rise to a boost in economic activity.
Parts of Indonesia's capital city of Jakarta as well as parts of several satellite cities around the capital are plagued by floods, resulting in thousands of evacuees. Anies Baswedan, Governor of Jakarta, said approximately 6,500 people have been displaced by floods in parts of South and East Jakarta, such as Rawajati and Kampung Melayu.
Latest Columns Jakarta
On 28 March 2024 the House of Representatives (DPR) ratified the bill on the special status of Jakarta (in Indonesian: Rancangan Undang-Undang tentang Daerah Khusus Jakarta, RUU DKJ) in a plenary session. This bill was needed as a consequence of Law Number 21 of 2023 on the Amendments to Law Number 3 of 2022 on the National Capital (UU IKN).
Better late than never! On 10 April 2020 large-scale social restrictions were imposed in the capital city of Jakarta through Jakarta Gubernatorial Regulation No. 33/2020, and Jakarta Gubernatorial Decree No. 380/2020. The regulation and decree, which both aim at curtailing the further spread of the coronavirus (COVID-19) in Jakarta, were imposed around five weeks after the very first COVID-19 case was confirmed in Indonesia (namely in Depok, a city located within the Jakarta metropolitan area).
Back in late-August 2019 Indonesian President Joko Widodo had already made an official announcement that Indonesia’s capital city is to be moved from Jakarta to two regencies in the province of East Kalimantan, namely (1) the North Penajam Paser regency and (2) the Kutai Kertanegara regency. The news came as a surprise to us.
It was reported in media around the globe near the end of July 2019 that Indonesia’s capital city of Jakarta has been constantly ranked in the top 10 of the world's most polluted cities over the past two months (based on AirVisual’s World Air Quality Index, AQI). And, for several days in July 2019 this mega-city was even ranked as the world's smoggiest city.
On Wednesday 26 September 2018 the local Jakarta administration decided to revoke private developers’ principle permits for the development of 13 artificial islands (reclaimed islands) in the bay north of Indonesia's capital city of Jakarta. The decision was hardly a surprise. After Anies Baswedan was elected Governor of Jakarta in 2017 it was assumed that the end of the grand project was near.
The local Jakarta administration has officially revoked principle permits for the development of 13 artificial islands (reclaimed islands) in the bay of Indonesia's capital city of Jakarta. For now, the decision means a complete stop to all activities related to the ambitious land reclamation project north of Jakarta.
In his quest to improve infrastructure in Indonesia, President Joko Widodo inaugurated the railway service that links the capital city of Jakarta to the Soekarno-Hatta International Airport, Indonesia's busiest airport, on Tuesday (02/01). With the new train, called Railink, people can reach the airport - located about 30 kilometers to the northwest of Jakarta - in about one hour.
The Indonesian government is still studying the possibility of building a new capital city in Indonesia, thus replacing Jakarta that has become overcrowded with approximately 10 million official residents (the real figure may be much higher as many unregistered Indonesians live in the capital). Moreover, every morning there is a huge inflow of people (originating from the satellite cities around Jakarta) who are heading to their office or place of work. This causes great pressure on the city's fragile infrastructure.
The future of the ambitious land reclamation project in the bay of Indonesia's capital city of Jakarta is highly uncertain now Anies Baswedan has been elected as next Jakarta governor. Baswedan and his running mate Sandiago Uno have repeatedly expressed their objection to the reclamation project, while defeated Jakarta governor Basuki Tjahaja Purnama (Ahok) was a major supporter of the project.
Jakarta's gubernatorial election is important for two reasons: (1) it is an important test case to determine the current state of religious and ethnic tolerance (pluralism) within Indonesia, and (2) it forms a prelude to Indonesia's 2019 presidential and parliamentary elections. Today, the second round of the Jakarta gubernatorial election is held, a tight race between incumbent Governor Basuki Tjahaja Purnama (Ahok) and former education minister Anies Baswedan.
