• Market Update: Nothing Stopping Indonesian Stocks Ahead of 2018

    There is no stop to the benchmark Jakarta Composite Index in the last week of 2017. Amid mixed Asian stock markets (and thin trading volumes), Indonesian stocks are persistently touching new record highs. By 11:25 am local Jakarta time on Friday, the last trading day of the year, the Jakarta Composite Index had climbed 0.77 percent to 6,362.69 points on Friday (29/12).

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  • Bank Indonesia Estimates GDP Growth at 5.05% in 2017, 6% by 2022

    The central bank of Indonesia (Bank Indonesia) stated on Thursday (28/12) that it expects to see Indonesia's economic growth at 5.05 percent year-on-year (y/y) in full-year 2017, up modestly from 5.02 percent (y/y) in the preceding year. Bank Indonesia Governor Agus Martowardojo said the Indonesian economy is recovering unevenly yet gradually.

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  • Stocks in Focus: Heavy Equipment Distributor United Tractors

    Indonesia's largest heavy equipment distributor United Tractors, a unit of the Astra Group, is one of the leaders on the Indonesia Stock Exchange. So far this year its shares have surged 62.8 percent to IDR 34,600 a piece. The company is also one of foreign investors' favorites. So lets zoom in closer on United Tractors.

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  • Tobacco Industry Indonesia: Import Tariff to Be Raised in 2018

    Indonesia will not only raise excise duties on tobacco products per January 2018 but it was also announced that the import tariff on tobacco will be raised as well. Although the exact amount remains unknown, Indonesian Coordinating Minister for Economic Affairs Darmin Nasution confirmed the step would be taken in 2018.

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