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July 18, 2017 edition

Sri Widuri was taken aback when she saw her electricity bill on the ATM screen early last month. The Cibubur, East Jakarta resident was planning to pay her electricity bill for April, May and June 2017, and was shocked to see an 'unreasonable' bill at over Rp1 million, more than three times her normal bill.

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More Economy articles in other editions

July 11, 2017 edition

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July 4, 2017 edition

Exactly 20 years ago, Southeast Asian financial markets had a meltdown. Now the damage it inflicted has all but disappeared, even in Indonesia, the hardest hit country in the region. Before the Idul Fitri long break two weeks ago, the stock price index reached its highest point in history. Yields for 10-year government bonds also dropped, a sign of stronger investor confidence. The rupiah exchange rate is stable. The market happily took an extended long vacation.

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June 27, 2017 edition

As we enter the last week of Ramadan fasting month, the Rupiah is trending stronger, hovering around the Rp13,300 per US dollar level, even with the second US Federal Reserve's 25 basis points rate hike. Meanwhile, Jakarta's Composite Index (JCI) has also risen and now is fluctuating around the 5,700 level. All this is due to the rising inflow of foreign funds, partly a result of the country's recent rating upgrade to investment category by Standard & Poor's. This explains Bank Indonesia's (BI) subsequent response of keeping its benchmark 7-day repo rate at 4.75 percent.

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June 20, 2017 edition

A chronic anxiety is slowly but surely enveloping financial markets in the past week. No, it is not The Federal Reserve interest rate hike that investors are worried about. It is The Fed's plan to trim its own assets that made analysts busy redoing their calculations.

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June 13, 2017 edition

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June 6, 2017 edition

Two months since the new raw sugar import regulations, director of food, seafood, and fishery, Abdul Rochim, has to repeatedly explain the regulations' purpose to stakeholders, particularly to farmers.

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