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December 8, 2015 edition

INTERNATIONAL
Renminbi Becomes World Currency
The currency of the People's Republic of China, the renminbi, has officially been included in the Special Drawing Rights (SDR) as an international currency by the International Monetary Fund (IMF) last week.

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More Weekly Business articles in other editions

December 1, 2015 edition

Rosan Roeslani Is New Kadin Chief
Rosan Perkasa Roeslani was announced as the new chairman of the Indonesian Chamber of Commerce (Kadin) for the 2015-2020 period at the national congress held at the Trans Luxury Hotel in Bandung, November 24. Garnering 102 votes, he beat Rachmat Gobel who won just 27 votes in a voting that ended just before midnight. Rosan succeeds Suryo Bambang Sulisto.

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October 27, 2015 edition

STATE-OWNED ENTERPRISES
Pertamina Profits Drop
Pertamina has announced US$914 million (approximately Rp12.5 billion) in profits in the third quarter of 2015. The figure is a 47 percent decline compared to last year. Pertamina's finance director Arif Budiman said the decline in the company's performance had mainly been triggered by the falling rupiah rate against the US dollar, as well as plummeting world oil prices. "We're not out of the woods yet because of the exchange rate fluctuation," he said last week.

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October 20, 2015 edition

POLICY
Government Launches Fourth Economic Policy Package
The government launched a fourth economic policy package last Thursday focused on issues of wages and job creation.

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October 13, 2015 edition

POLICY
Government Launches Third economic Package
The government launched a third economic stimulus package last week.

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October 6, 2015 edition

OIL
Pertamina Lowers jet fuel Price
Pertamina has lowered the price of avtur jet fuel by 5.23 percent. The price decrease is effective for purchases at Soekarno-Hatta Airport starting October 1, 2015. "It's an initial step for avtur price adjustments in Indonesia," said a spokesperson for the state oil and gas company, Wianda Pusponegoro, on Wednesday last week.

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