The central bank of Indonesia (Bank Indonesia) is set to announce the second installment of a policy package that aims at raising onshore US dollar supplies (and liquidity). As the rupiah has been the second worst-performing Asian emerging market currency (after Malaysia’s ringgit), having depreciated 18.1 percent against the US dollar so far in 2015, Indonesian policymakers are anxious to prop up the ailing currency in order to safeguard the country’s financial stability. Bank Indonesia's benchmark rupiah rate (Jakarta Interbank Spot Dollar Rate, abbreviated JISDOR) stood at IDR 14,690 per US dollar on Friday (25/09), a 17-year low.

Lanjut baca ›

Dwi Aneka Jaya Kemasindo, sebuah perusahaan pemaketan yang terdaftar di Bursa Efek Indonesia (BEI), mengumumkan bahwa perusahaan ini menunda rencananya untuk membeli satu perusahaan pemaketan dan satu perusahaan ritel peralatan kantor sampai 2016 karena kondisi perekonomian yang lemah saat ini. Pada awal tahun ini, Dwi Aneka Jaya Kemasindo telah berada dalam pembicaraan-pembicaraan untuk mengakuisisi sebuah perusahaan pemaketan dengan nilai Rp 125 miliar dan perusahaan ritel peralatan kantor senilai Rp 225 miliar.

Lanjut baca ›

Stock markets in Asia were mixed on Friday (25/09) after Federal Reserve Chairwoman Janet Yellen said in a speech at the University of Massachusetts that the US central bank is still on track to raise interest rates before the year-end (provided no economic shocks take place as the move is data-dependent). After this looming hike, Yellen suggests to gradually tighten US monetary policy thereafter.

Lanjut baca ›

Harum Energy, one of Indonesia’s leading coal mining companies, aims to take advantage of the current weak state of the mining sector by acquiring other coal companies. President Director Ray Antonio Gunara said that Harum Energy, which is part of the Tanito Harum Group, set aside USD $390 million (USD $190 million from internal cash reserves and USD $200 million through a loan) to purchase other coal miners.

Lanjut baca ›