Christinas Province Town
THE “emerald of the equator”, a popular tagline for Indonesia, conjures the vision a nation rich in natural beauty and abundant resources. Yet data from Statistics Indonesia (BPS) reveals a long-standing decline in the middle class and a persistent drop in formal employment opportunities. These issues are even more critical as concerns about the middle-income … Read more
Could Apple soon open a factory in Indonesia? It’s certainly something the firm will “look at,” the firm’s CEO Tim Book said yesterday after meeting President Joko “Jokowi” Widodo yesterday at the presidential palace in Jakarta. “We talked about the president’s desire to see manufacturing in the country, and it’s something that we will look … Read more
November 27, 2023 JAKARTA – Many businesses in Indonesia remain under family control, but investment bankers say the segment offers ripe pickings for corporate action including initial public offerings (IPOs) once a new mindset – or a new generation – takes hold. Indonesia has a low stock market capitalization-to-GDP ratio when compared to other countries, … Read more
JAKARTA (Bloomberg): Revenge spending is trumping inflation as Indonesians snap up batik clothes, footwear, and cosmetics post-pandemic, according to one of the nation’s biggest department store operators. Office and party wear – including the nation’s traditional batik attire typically used for formal occasions – are flying off the shelves as more Indonesians go out again, … Read more
A MORE CONFIDENT INDONESIA While there are security and economic benefits to be derived from the shifting of the capital, the act itself hints at the emergence of a more confident Indonesia. ASEAN member states tend to be wary of such behaviour, be it from China or its own members, fearing that it might negatively … Read more
JAKARTA: Zainal Ridho, 41, owns a car rental company in Banjarmasin, South Kalimantan. Previously, the day rate for his Toyota Innova, including the price of subsidised Pertalite fuel, was 800,000 rupiah (US$54). Last week, he raised the price to 900,000 rupiah per day, amid the widespread belief that the government would soon increase the price … Read more
Pererenan, Bali – Before the pandemic, Dicky, who like many Indonesians goes by only one name, earned up to $20 a day hawking shell craft jewellery to tourists on the crowded beaches of Bali’s southwest coast. But nearly two months after Indonesia reopened its doors to visitors from China and 18 other countries, the international … Read more
