Indonesian Political, Business & Finance News

Archive: 14 July 2015

2 articles found

Carmakers struggle amid Indonesian sales slump

Japanese automakers are sticking to their targets in Indonesia in defiance of the longest sales decline in six years, resorting to steep discounts to entice tight-spending consumers into showrooms that remain stubbornly empty. Honda Motor Co Ltd, Nissan Motor Co Ltd and Mazda Motor Corp aim to sell more cars this year than last, though overall sales to distributors have fallen each month since September and are down 17% in 2015.

Indonesia cuts live cattle imports

Live exporters are surprised by Indonesia's decision to dramatically cut imports of Australian cattle. Indonesia will only allow 50,000 head of cattle between July and September this year, down from 250,000 the previous quarter. The Australian Livestock Exporters Council chief executive Alison Penfold told ABC radio on Tuesday the quota reduction is significantly below expectations, and has taken the industry by surprise. Ms Penfold said 50,000 was "clearly not very much".