Indonesian Composite Index falls below 7,000

After Eid, the Indonesian composite index has fallen below 7,000, dropping nearly 10% off its record high.
What are the biggest factors causing the drop of the IDX? We discussed further with the Head of Retail & Private Wealth at Sinarmas Sekuritas, Arief Maulana.

BPS: Indonesia On Steady Path Of Economic Recovery

Indonesia reported annual economic growth of 5.1% in the first quarter of 2022. 
The Central Bureaue of Statistics believes that Indonesia’s economic recovery is on a good and steady path, as unemployment continues to drop, while consumption continues to increase.

Travel During Eid Surges

Thousands of air passengers filled the Sultan Hasanuddin Airport in Makassar, South Sulawesi, on Monday (9/5), as Indonesians returned home from their Eid homebound trips.

Eid Boosts Indonesia'S Economic Recovery

Indonesia’s Eid Al-Fitr celebrations are set to have a positive impact on the country’s economic recovery.
As mobility restrictions have been relaxed, allowing people to travel and shop more freely, consumer spending has inevitably increased.

Metaverse in Indonesia Becoming a Reality

The Metaverse Is Becoming A Reality In Indonesia, With Many Local Companies, Such As Banks And Even Celebrity Entrepreneurs, Creating Their Own Metaverse Platforms. 

But, what exactly is the Metaverse, and does it have the potential to contribute to the Indonesian economy?

Preparing Ferry Ports for Eid Travels

As the Holy Month of Ramadan comes to an end, the Indonesian government anticipates that travelers crossing from Sumatera to Java will use the Bakauheni Port in Lampung to board ferry boats as they return from Idul Fitri celebrations. 

Due to the possibility of traffic congestion, an alternate route has been established through the Panjang Port.

Sandiaga Uno UNWTO Keynote Speech: Tourism Must Uplift Indigenous Communities

Sandiaga Uno, Indonesia's Minister of Tourism and Creative Economy, was invited to deliver a keynote speech at the United Nations General Assembly's High Level Thematic Debate on Tourism in New York, US.

During his speech, Minister Sandiaga emphasized the importance of shifting toward a sustainable tourism model that also focuses on uplifting local communities and cultures.