The infrastructure story is ON!

Indonesia’s infrastructure story is on a firmer footing now that the new government has published more details on the draft of the revised 2015 state budget (RAPBN-P) since it provides greater clarity on budget allocations. With the significantly reduced of fuel subsidies, the government has freed up some room to undertake more productive spending, especially on infrastructure...

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Consumer Confidence January 2015

Consumer Confidence weakened in December. After increasing by 1.5% in the previous month, the Consumer Confidence Index (CCI) slumped 7.5% to 92.3. In particular, consumers are concerned by higher prices after the government hiked fuel prices in November. Overall, our survey shows that 83.5% of consumers cited rising foodstuff prices as a major concern in December or significantly higher than the 73.0% in November. Furthermore, the proportion of consumers who...

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