Subscriber Update - Regional Comprehensive Economic Partnership (RCEP)
Subscriber Update - Indonesia Enters Economic Recession in Q3-2020
Indonesia Investments Report - October 2020 Edition (2nd Half): the Great Islamic Bank Merger
Update COVID-19 in Indonesia: 497,668 confirmed infections, 15,884 deaths (23 November 2020)
23 November 2020 (closed)
USD/IDR (14,145) +15.01 +0.11%
EUR/IDR (16,851) +3.05 +0.02%
Jakarta Composite Index (5,652.76) +81.11 +1.46%
Di bawah ada daftar dengan kolom dan profil perusahaan yang subyeknya berkaitan.
Berita Hari Ini GDP
In line with our forecast, Indonesia’s economic growth continued to accelerate in 2018. Based on data from Statistics Indonesia (Badan Pusat Statistik, or BPS), which were released in early February 2019, the country’s gross domestic product (GDP) expanded 5.17 percent year-on-year (y/y) in full-year 2018, up from a growth rate of 5.07 percent in the preceding year.
A survey of Indonesia's central bank (Bank Indonesia) shows that retail sales have grown strongly in December 2018. The growth pace was recorded at 7.7 percent year-on-year (y/y) in the last month of 2018, strengthening from an annual growth rate of 3.4 percent (y/y) in the preceding month.
On Friday (7/12) Indonesia Investments released the November 2018 edition of its monthly research report. The report aims to inform the reader of the key political, economic and social developments that occurred in Indonesia in the month of November 2018 and also touches upon key international developments that impacted on the Indonesian economy.
At the start of the 2018 International Monetary Fund (IMF)-World Bank Group Annual Meetings on Bali (8-14 October 2018), the IMF released the October 2018 edition of its World Economic Outlook (WEO) report. The Washington-based institution became less optimistic about the global environment and therefore cut its forecast for global economic growth as well as its forecast for Indonesia's economic growth.
Danareksa, a fully state-owned financial institution in Indonesia, expects Indonesia's economic growth to slow in 2019 to the range of 5.1 - 5.2 percent year-on-year (y/y) from an estimated growth range of 5.2 - 5.3 percent (y/y) in 2018.
In the World Bank's latest Indonesia Economic Quarterly (June 2018 edition) there are plenty of positive words about the Indonesian economy, such as robust economic growth, low inflation, rising investment, growing government spending, and prudent monetary policy. However, the World Bank also detects some "substantial and mostly external" risks that lurk about. Below is the summary of the World Bank's latest Indonesia Economic Quarterly, entitled "Learning More, Growing Faster".
In a speech in front of the House of Representatives (DPR) Indonesian Finance Minister Sri Mulyani Indrawati said the government targets an economic growth rate in the range of 5.4 - 5.8 percent year-on-year (y/y) for 2019. She said this range is a realistic one. Moreover, growth should be inclusive and equal, meaning all people across the nation should see an increase in their welfare. The government will give special focus on the acceleration of growth in eastern Indonesia, border areas, the outermost areas and underdeveloped regions.
Indonesia's Statistics Agency (BPS) announced that gross domestic product (GDP) of Indonesia expanded 5.06 percent year-on-year (y/y) in the first quarter of 2018. This figure is in line with our expectations. Over the past two years it had already become clear that the acceleration of economic growth in Indonesia goes at a very slow pace, a trend that can primarily be attributed to subdued household consumption.
Indonesia again led losses among Asian stock markets on Friday (04/05). The benchmark Jakarta Composite Index fell 1.13 percent to close at 5,792.35 points, its lowest position since August 2017. Most stocks in the Asia-Pacific region were in the red zone today as investors lack risk appetite ahead of the release of US payrolls data (due later today). Analysts expect to see a strong figure. Meanwhile, US unemployment is also expected to have eased slightly.
In its latest East Asia and Pacific Economic Update, the World Bank is optimistic about Indonesia's recent economic performance as well as its future prospects. The country's FY-2017 gross domestic product (GDP) expanded at the fastest pace in four years, led by stronger investment and net exports. Meanwhile, its current account deficit narrowed to a six-year low, while the central government's budget deficit reached the lowest since 2014, on the back of stronger global trade and strengthening commodity prices.
Artikel Terbaru GDP
It came as a big surprise to us when the central bank of Indonesia (Bank Indonesia) announced on 19 November 2020 (the day it concluded its two-day monetary policy meeting) that it decided to cut its benchmark interest rate (the seven-day reverse repo rate) by 25 basis points to 3.75 percent. Bank Indonesia also cut its deposit facility and lending facility rates by 25 basis points to 3.00 percent and 4.50 percent, respectively.
Across the world, concern over the COVID-19 pandemic grew in September 2020 as the number of new COVID-19 cases continued to rise rapidly. Worldwide, at the end of September 2020, some 34 million people have been infected with the virus, while more than one million people have died after contracting the virus.
On 05 August 2020, Statistics Indonesia (BPS) released Indonesia’s gross domestic product (GDP) data for the second quarter of 2020. These data, which were highly anticipated among analysts and policymakers, are crucial to comprehend how – and to what extend – the self-imposed social and business restrictions (made in response to the COVID-19 pandemic) have impacted on the Indonesian economy.
Good news at the start of July 2020. The World Bank upgraded Indonesia’s economic status to an ‘upper-middle income country’ (from ‘lower-middle income country’) per 1 July 2020. The key consideration for the World Bank was that Indonesia’s gross national income (GNI) per capita increased from USD $3,840 in 2018 to USD $4,050 in 2019. This means that an upgrade was needed (see the table below).
It is becoming clearer by the day that economic growth in Indonesia, in 2020, will be derailed enormously. Analysts and authoritative institutions (both international and domestic ones) have, again, cut their forecasts for Indonesia’s economic growth in Q2-2020 (decisions that obviously also have consequences for Indonesia’s full-year 2020 economic growth outlooks).
The most recent published outlooks for global economic growth and global trade are more pessimistic than their earlier versions, with the main reason being that there is no quick solution to the coronavirus (COVID-19) crisis. On the contrary, there is a high degree of uncertainty about when business can resume as usual. And, the closer we get to 2021, the less rosy outlooks are becoming for next year.
The novel coronavirus (COVID-19) crisis has a wide range of economic and social consequences. For example, the Indonesian economy is likely to contract this year (for the first time since 1998), while millions of Indonesians have lost their jobs over the past three months, and the majority of the country’s enterprises have seen their sales plunge.
On 5 May 2020 Statistics Indonesia (Badan Pusat Statistik, BPS), a non-departmental government agency, released the first quarter gross domestic product (GDP) data of Indonesia for the year 2020. These data were highly anticipated as policymakers, analysts, and stakeholders are particularly interested in finding out to what extent damage has been done to the Indonesian economy by the self-imposed restrictions.
The economic and social consequences of the COVID-19 crisis are becoming increasingly clear and frightening. All the self-imposed restrictions on business and social behavior, taken by governments across the world, may protect people’s health to a significant extent, but the policy measures also have devastating economic and social consequences as economic activity nosedives, and businesses collapse. This results in unprecedented mass layoffs as well as growing poverty.
In mid-April 2020 the International Monetary Fund (IMF) released its latest ‘World Economic Outlook’ report. It is in fact not a complete report. Considering the global economy has changed dramatically over the past months, the IMF’s previous update of the World Economic Outlook (released in January 2020) simply had no validity anymore, and therefore the IMF released one new chapter in mid-April 2020 (with the full report set to follow in May 2020).
