May 26, 2015 edition
A Belated And Non-impactful S&p Positive Outlook
In normal times, markets usually respond in a measured and rational way. But when Standard & Poor's (S&P) on Thursday last week raised Indonesia's outlook from stable to positive, investors treated it as another ordinary day. Jakarta Composite Index did not budge, just up 0.4 percent that day. rupiah also hardly moved, up to Rp13,136 per US dollar from Rp13,150 the day before.
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More Economy articles in other editions
May 19, 2015 edition
Rows of concrete posts stood in paddy fields in Klitik village, Ngawi, East Java. Their yellow color has begun to fade. On one side can be seen the number 2014, marking the year of installation. "Last year they replaced the posts. Previously it was not made of concrete," said Klitik village chief, Jumirin, in late April.
Klitik village will be crossed by the Solo-Ngawi-Kertosono motorway. Of the six hectares required, five hectares have been fitted with these yellow posts. This means the land has been purchased in full by the government, since 2012 to 2013. President Joko 'Jokowi' Widodo inaugurated the initiation of the 177-kilometer highway construction on May 1. He gave two and a half years for the contractor to complete the construction.
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May 12, 2015 edition
May 5, 2015 edition
Two weeks ago, the cages for local cattle at the Tapos slaughterhouse in Depok, West Java, appeared deserted. Only two Bali cows could be seen tethered at the front of the 2,000-square-meter pen. By contrast, in the back, some 70 Australian cows stood crammed in a similar-sized pen.
Domestic cattle have become increasingly scarce in the capital city, crowded out by the import of foreign-raised cattle. Marina Ratna Dwi Kusumajati, CEO of Dharma, a Jakarta-owned slaughterhouse (RPH), said the number of heads of local cattle was indeed dwindling. "At the moment, 97 percent of slaughterhouses in Greater Jakarta are filled with imported cattle," she said Tuesday two weeks ago.
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April 28, 2015 edition
Pertamina's plan to launch a new type of gasoline actually reached Juan Tarin's ears in February. The Chairman of the Regional Executive Board of the National Association of Oil and Gas Entrepreneurs (Hiswana Migas) in Jakarta, Java, and Banten, was informed of a product with higher-octane levels than Premium but priced cheaper than Pertamax.
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April 21, 2015 edition
The meeting between the chief of the Corruption Eradication Commission (KPK) and the Board of Commissioners of Telkom two weeks ago lasted two hours. The purpose of the meeting was to discuss the state-owned enterprise's plan to swap shares of Telkom in Dayamitra Telecommunications (Mitratel) for shares in Tower Bersama Infrastructure (TBIG).
Telkom Commissioner Hendri Saparini arrived at the KPK building in Jakarta accompanied by three independent commissioners, namely Parikesit Suprapto, Johnny Swandi Sjam, and Virano Gazi Nasution. They were welcomed by interim KPK chairman Taufiequrrahman Ruki, and current KPK vice-chairman Johan Budi Sapto Prabowo. State-Owned Enterprises (SOEs) Minister Rini Soemarno had been invited to the meeting but was not present.
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April 14, 2015 edition