• Stock Market & Currency Indonesia: Strong Performance on Friday

    Stock Market & Currency Indonesia: Strong Performance on Friday

    Indonesian shares and the rupiah strengthened considerably on the last trading day of the week. On Friday (29/09) Indonesia's benchmark Jakarta Composite Index surged 1.02 percent to 5,900.85 points, outperforming all other national benchmark indices in the Asia-Pacific region. Meanwhile, the Indonesian rupiah appreciated 0.32 percent to IDR 13,472 per US dollar (Bloomberg Dollar Index).

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  • Infrastructure Competitiveness Indonesia: Reason for Optimism?

    Infrastructure Competitiveness Indonesia: Reason for Optimism?

    After seeing the World Economic Forum (WEF)'s Global Competitiveness Report 2017-2018, Indonesian construction companies gained optimism that the improved ranking of Indonesia in terms of infrastructure competitiveness will translate to more private sector involvement in the country's infrastructure sector.

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  • Government Considers to Lift Ban on Jakarta Land Reclamation Project

    Government Considers to Lift Ban on Jakarta Land Reclamation Project

    Luhut Pandjaitan, Indonesia's Coordinating Minister for Maritime Affairs, said the Indonesian government will soon end the moratorium on the giant land reclamation project in the bay north off the coast of Jakarta. In April 2016 this project - involving the construction of 17 artificial islands for property and commercial development projects - was halted by Indonesian President Joko Widodo.

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  • Currency of Indonesia: Rupiah at 10-month Low Against US Dollar

    Currency of Indonesia: Rupiah at 10-month Low Against US Dollar

    The US dollar is advancing on Thursday (28/09) amid strong US dollar demand on the back of US President Donald Trump's tax reform program announcement and looming further monetary tightening by the Federal Reserve before the year-end. Rising US treasury yields naturally cause US dollar strength, hence leading to weakening emerging market currencies, with especially the Indonesian rupiah being affected significantly today.

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