25 April 2018 (closed)
USD/IDR (13,888) -12.00 -0.09%
EUR/IDR (16,979) +8.97 +0.05%
Jakarta Composite Index (6,079.85) -149.78 -2.40%
The Today's Headlines section of Indonesia Investments is a daily updated section which contains the latest information with regard to topics that are currently causing headlines in Indonesia's media. Most of our headlines will cover political, economic and social matters. As a consequence of their recent nature, these topics may not have crystallized fully yet and can, therefore, lack a profound analysis. For publications with a more in-depth understanding of subjects, we refer you to our News, Financial or Business columns.
While according to the opinion polls incumbent President Joko Widodo has a big lead over his (seemingly only) rival Prabowo Subianto for the 2019 presidential election, he declines to comment on the race. Instead Widodo - often called Jokowi - chooses to remain focused on work as "a lot has not been completed yet".
Indonesian stocks and the rupiah remained under heavy pressure on Wednesday (25/04) after the benchmark ten-year US bond yields passed beyond the 3 percent level (for the first time since early 2014), thus lifting the US dollar and causing capital outflows from emerging markets. While most Asian stocks are trading in red territory today, Indonesian stocks are the most badly affected. The benchmark Jakarta Composite Index tumbled 2.40 percent to 6,079.85 points.
In early April 2018 the United States confirmed steep anti-dumping duties and countervailing duties on Indonesian biodiesel imports. Published through the Federal Register the US imposed additional duties that range between 126.97 percent and 341.38 percent. For sure, this seriously harms the competitiveness of Indonesian biodiesel shipments to the world's top economy. If the policy is not altered, then it basically means the end of Indonesian biodiesel exports to the US market.
One of Indonesia's biggest companies in terms of market capitalization on the Indonesia Stock Exchange, Unilever Indonesia, reported a decline in net profit and sales in the first quarter of 2018. The company's latest corporate earnings report gives rise to concerns that household consumption is yet to show a rebound in Indonesia.
