The visit of King Salman bin Abdulaziz Al Saud of Saudi Arabia to Indonesia between 1-9 March 2017 is expected to result in a boost of foreign direct investment (FDI) from the Middle Eastern nation into Indonesia. During his state visit to Indonesia, the Saudi king is expected to sign a USD $6 billion investment agreement related to a refinery complex in Cilacap (Central Java) that is owned by the Saudi Arabian Oil Company (Aramco), widely regarded as one of the world's most valuable companies, and Indonesia's state-owned energy company Pertamina.

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Airport Councils International, the only worldwide trade representative of the world's airports, considers Bali's I Gusti Ngurah Rai International Airport the world's third-best airport in the category "airports with an annual passenger capacity of 15-25 million people in 2016". The airport's score improved from 4.74 in the 2015 edition to 4.92 in the latest edition. To continue improving its performance, the airport operator will continue to invest in airport facilities as well as supporting infrastructure.

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Most Asian stocks are in the red zone on Monday (09/05) and Indonesia's benchmark Jakarta Composite Index is leading declines. At the end of the first trading session Indonesian shares were down 1.15 percent at 4,767.32 points. Important issues that influence the performance of Asian stock markets are China's April trade data and US April jobs data. Meanwhile, crude oil prices continued to rally and the yen finally weakened against the US dollar (hence supporting Japanese stocks).

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Meskipun kebanyakan pasar saham di Asia masih di wilayah merah, melanjutkan penurunan pada hari Senin, saham Indonesia dan rupiah berhasil melambung pada Selasa (5/1). Indeks Harga Saham Gabungan (IHSG) naik 0,70% menjadi 4.557,82 poin. Sementara itu, rupiah Indonesia naik 0,37% menjadi Rp 13.892 per dollar Amerika Serikat (Bloomberg Dollar Index). Apa yang terjadi pada perdagangan hari ini dan mengapa ada perbedaan antara aset Indonesia dan tren Asian secara umum?

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Berlawan dengan harapan, saham Indonesia dan rupiah memiliki awal yang lemah di tahun yang baru. Pada hari Senin (4/1) Indeks Harga Saham Gabungan (IHSG) turun 1,46% menjadi 4.525,92 poin, sementara rupiah terdepresiasi 0,82% menjadi Rp 13.943 per dollar Amerika Serikat (Bloomberg Dollar Index). Kinerja saham Indonesia ini sejalan dengan kinerja saham di seluruh dunia. Perdagangan saham Republik Rakyat Tiongkok (RRT) bahkan dihentikan dua kali karena indeksnya merosot. Apa yang terjadi hari ini?

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Dalam beberapa hari terakhir dollar Amerika Serikat (AS) kembali mendapatkan momentum bullish dan menguat terhadap sebagian besar mata uang termasuk rupiah. Dollar AS berada di bawah tekanan setelah Federal Reserve memberikan sinyal - kontras dengan ekspektasi pasar - bahwa Fed tidak akan menaikkan suku bunga dalam waktu dekat karena prospek pertumbuhan ekonomi AS dan inflasi AS belum ada di posisi yang diinginkan. Hal ini membuat aset pasar-pasar lebih menarik untuk jangka pendek. Namun, perkembangan ini tampaknya hanya berlangsung sebentar.

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Governor of Indonesia’s central bank (Bank Indonesia) Agus Martowardojo said that there are two main global challenges that are being faced by Southeast Asia’s largest economy and which can impact negatively on the nation’s economy. These challenges are the low global oil prices (which have fallen below USD $50 per barrel) and the monetary policy normalization of the US Federal Reserve amid the structural economic recovery of the USA. This policy involves higher US interest rates (expected in the second half of 2015) and a bullish US dollar.

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The number of foreign tourists that visited Indonesia in the first six months of 2013 grew 7.2 percent to 4.15 million compared to the same period in 2012. Elka Pangestu, minister of Tourism and Creative Economy, said that there has been a significant surge in visitors from Asia and the Middle East. Foreign visitor arrivals originating from the United Arab Emirates rose 91 percent, followed by Saudi Arabia (22.8 percent), China (19.2 percent), Egypt (17.1 percent) and Hong Kong (16 percent).

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Besides the novel coronavirus (COVID-19) outbreak, another big news story in March 2020 was the massive decline of global crude oil prices. Not only is the price of oil under pressure because of the enormous slowdown in economic activity as various governments have imposed restrictions (such as travel bans) in an attempt to curb the further spread of the coronavirus, but there also emerged big tensions between some of the world’s biggest oil producers that led to tumbling oil prices.

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