Indonesia berencana untuk memotong pajak yang dikenakan pada para eksportir lokal dalam rangka mendongkrak jumlah cadangan devisa, sambil mendukung rupiah, sebagai bagian dari paket kebijakan yang kedua. Rupiah Indonesia telah melemah 18,1% sejak awal 2015 karena ancaman kenaikan suku bunga AS, rendahnya harga-harga komoditi, dan devaluasi yuan Republik Rakyat Tiongkok (RRT). Pemerintah kini berencana untuk memotong pajak penghasilan atas bunga yang didapat para eksportir karena menabung pendapatan usaha ekspor mereka di bank-bank lokal. Saat ini, pajak penghasilan terhadap bunga bank (dari rekening-rekening tabungan) mencapai 20%.

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Pada 27 September 2015, Indonesia Investments menerbitkan edisi terbaru dari newsletternya. Newsletter gratis ini, yang dikirimkan kepada para pelanggan kami sekali seminggu, berisi berita-berita yang paling penting dari Indonesia yang telah dilaporkan di website kami dalam tujuh hari terakhir. Kebanyakan topik berkaitan dengan isu-isu ekonomi seperti paket kebijakan baru Bank Indonesia, pertumbuhan Produk Domestik Bruto (PDB), pengembangan geotermal, update saham & rupiah, inflasi September, dan banyak lagi.

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Apart from external factors (China’s weak manufacturing activity and persistent uncertainty about the timing of higher US interest rates) that plague Indonesian assets today, there are also domestic factors that push Indonesian stocks and the rupiah into the red. These domestic factors include Indonesia’s downgraded economic growth forecasts and the central bank’s downgraded rupiah outlook. Meanwhile, Indonesia’s foreign exchange reserves - used to defend the rupiah - have declined further.

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For the second time, the central bank of Indonesia (Bank Indonesia) cut its 2016 forecast for economic growth in Indonesia, Southeast Asia’s largest economy. Due to persistent low commodity prices and weak export figures, the central bank now estimates that Indonesia’s economy will grow in the range of 5.2 - 5.6 percent (y/y) next year, down from its earlier outlook of 5.3 - 5.7 percent and the initial outlook of 5.4 - 5.8 percent.

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On Wednesday afternoon, Indonesian President Joko Widodo unveiled some details of the new economic policy package, involving major deregulation measures, that had been announced last week by Chief Economics Minister Darmin Nasution. This package aims - on the medium to long term - to boost Indonesia’s sluggish economy.

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The United Nations Children's Fund (UNICEF) stated in a recently published report that Indonesia has made significant progress in reducing the country’s child mortality rate. According to the report, entitled “Committing to Child Survival: A Promise Renewed (Progress Report 2015)", Indonesia’s mortality rate for children below the age of five years currently stands at 27 deaths per 1,000 births, a significant improvement from the 85 deaths per 1,000 births that was recorded in 1990.

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Despite the hosting of the Gaikindo Indonesia International Auto Show 2015 (20-30 August 2015), Indonesian car sales continued to shrank in August due to people’s weaker purchasing power amid the country’s economic slowdown. In August a total of 90,077 cars were sold in Southeast Asia’s largest economy, down 6.9 percent from the same month last year, according to the latest data from the Indonesian Automotive Industry Association (Gaikindo).

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The government of Indonesia is still busy preparing the policy package that was announced last week by Chief Economics Minister Darmin Nasution. Earlier it was reported that this stimulus package, expected to be finalized this month, involves deregulation and tax holidays designed to boost economic activity in Indonesia as well as to attract foreign currency inflows. The government will also look at how it can provide incentives to accelerate smelter development in Southeast Asia’s largest economy.

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Christine Lagarde, Managing Director International Monetary Fund (IMF), akan tiba di Indonesia (Jakarta) hari ini (01/09) untuk berpartisipasi di konferensi dua hari bertema ‘Future of Asia’s Finance: Financing for Development 2015’, yang diorganisir oleh IMF dan bank sentral Indonesia (Bank Indonesia). Bertentangan dengan rumor akhir-akhir ini, kunjungan Lagarde tidak berkaitan dengan dugaan Indonesia akan meminta pinjaman baru dari IMF.

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Agus Martowardojo, Governor of Indonesia’s central bank (Bank Indonesia), said on Thursday (27/08) that the nation’s economic growth pace is expected to reach 4.89 percent (y/y) in full-year 2015, down from 5.0 percent (y/y) in the preceding year and it would mark the fifth straight year of economic slowing. Earlier this week, Bank Indonesia had already revised down its economic growth forecast to the range of 4.7 - 5.1 percent (y/y) in 2015 (from 5.0 - 5.4 percent previously).

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Despite the fact that Indonesia reported the world's third-highest GDP growth in 2012 (behind China's 7.4 percent and Saudi Arabia's 7.1 percent), supported by rising consumption by a burgeoning middle class and significant increased foreign direct investment, the country's performance in terms of competitiveness is disappointing. It is cheaper to import products from countries that contain competitive businesses than to produce them in Indonesia.

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Apparently, market participants were eagerly waiting for positive news regarding stimulus packages that various central banks will apply to boost local economies. Once the news spread, investors hunted for stocks that previously weakened. Moreover, increased manufacturing data from the USA and Europe contributed to positive market sentiments. Lastly, China indicated to maintain its economic pace of 7.5 percent GDP growth this year.

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Rising Asian stock markets, particularly a strong Hang Seng (Hong Kong) that opened today after the Chinese new year celebrations, had a positive impact on the Indonesia Stock Exchange (IHSG). As had happened in previous years, the IHSG has the tendency to gain ahead of Valentine's day. Today, market participants received their special Valentine's gift: a new record-high IHSG level of 4601.95, although in the end it had to close a bit lower.

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On Tuesday's trading day, the Indonesia Stock Exchange (IHSG) ended lower as widespread profit taking coloured transactions. Other Asian stock indices, such as the Nikkei (Japan) and Hang Seng (Hong Kong), fell hard and impacted on the performance of the IHSG. The publication of Indonesia's 2012 GDP growth also brought negative sentiments as its result (6.2%) was below expectations.

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An official at Indonesia's Finance Ministry announced today that Indonesia's gross domestic product (GDP) grew by 6.23% in 2012, thus failing to meet the government's revised target of 6.3-6.5%. Factors that contributed to Indonesia's lower than expected economic growth last year were weak exports due to poor international trade and non-optimal government spending. On the positive side, all sectors of the Indonesian economy experienced growth.

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Indonesian commercial banks have shown good performance in recent years as economic growth of over six percent fuels loan demand from the people and businesses. Domestic consumption and investment are the two main drivers of the country's gross domestic product (GDP) growth. Together, these two components account for almost 90 percent of GDP. As such, lenders are in a comfortable position.

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Both Indonesia's cement production and cement consumption have risen rapidly in recent years. As the country has been showing solid economic growth for a decade - and is forecast to continue this growth -, property and infrastructure projects have grown in number accordingly, thus increasing demand for building materials such as cement. Moreover, the government is committed to enhance the country's much-needed infrastructure development.

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