• Commodity Watch Indonesia: Can Tea Exports Increase?

    Business players believe that Indonesia's tea exports will rise at least 10 percent year-on-year (y/y) in the first half of 2017 on the back of rising global demand, although there have been obstacles in terms of tea exports to the European Union (EU). However, Indonesia Tea Council Treasurer Teguh Kustiono is optimistic that there are plenty of other countries - outside the EU - where demand for Indonesian tea grows.

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  • Government Proposes to Revise Indonesia's 2017 Budget Deficit

    The Indonesian government proposes to revise the budget deficit in the 2017 State Budget as it eyes an increase in spending but a cut in revenue (less-than-expected tax income) in the remainder of the year. On Thursday (06/07) Indonesian Finance Minister Sri Mulyani Indrawati handed the proposal to Commission XI of Indonesian parliament. The Finance Ministry now sees the shortfall rising to IDR 36.16 trillion (approx. USD $2.7 billion) in the 2017 budget.

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  • Stock Market Update Asia: What Is Affecting Markets Today?

    Asian shares are under pressure on Friday morning (07/07) due to declines on Wall Street overnight. These declines were caused by the ADP jobs report, released on Thursday (06/07), that missed estimates as well as by rising tensions surrounding North Korea's ballistic missile tests and a tech sell-off. Meanwhile, global sovereign debt yields rose on expectation that the European Central Bank (ECB) is moving closer toward unwinding its massive monetary stimulus.

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  • Market Watch: What Are the Best Indonesian Stocks to Buy?

    On Thursday (06/07) Indonesia's benchmark Jakarta Composite Index advanced 0.42 percent to 5,849.58 points amid mixed Asian markets. Indonesian stocks are now again approaching the record high level that was set earlier this week. Local Indonesian securities companies are confident to see the benchmark index of Indonesia rising further in the remainder of the year, passing beyond the 6,000 level. Which Indonesian stocks do these companies recommend?

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