• Asian Stocks Expected to Be Under Pressure on Thursday

    Shares in Asia are expected to be under some pressure today as crude oil prices slid 2.9 percent overnight after the American Petroleum Institute released a report that stated US supplies grew unexpectedly by 6.3 million barrels. Other commodity prices were also down after the release of downbeat industrial output data from China on Wednesday. However, with China's positive October retail sales (posting the strongest gain of the year) there are few chances of seeing new massive stimulus from Chinese authorities. As such 'bad news' is no 'good news'.

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  • Cement Sales in Indonesia Accelerate on Kick Off Infrastructure Projects

    According to the latest data from the Indonesian Cement Association (ASI), Indonesia's cement sales climbed 10.7 percent year-on-year (y/y) to 6.4 million tons in October 2015 as government-related infrastructure development has picked up in the second half of the year (cement sales only contracted on the island of Kalimantan in October). Cement sales are an interesting indicator as they provide valuable information about the country's household consumption and investment in property and infrastructure sectors.

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  • Indonesia Carries on with Biodiesel Program despite Limited Success

    Although Indonesia's B15 biodiesel program, which refers to the government's program to blend 85 percent of diesel with a mandatory 15 percent of fatty acid methyl ester (derived from palm oil), is no success yet, the government is expected to introduce the B20 biodiesel program (raising the mandatory content of fatty methyl ester in biofuel to 20 percent) in early 2016. To support the B20 program, eleven companies are ready to supply biodiesel to state-owned energy company Pertamina and publicly-listed petroleum and basic chemicals distributor AKR Corporindo between November 2015 and April 2016.

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  • Stock Market & Rupiah Update Indonesia: China and Fed in Spotlight

    Indonesia's benchmark Jakarta Composite Index climbed 0.01 percent to 4,451.59 points on Wednesday (11/11) despite foreign investors recording a net sell of IDR 614.4 billion (approx. USD $45.5 million). Uncertainty persists in the global economy as more macroeconomic data from China signal weaknesses in the world's second-largest economy. Growth in output from China's factories declined to a six-month low in October (missing expectations), following earlier disappointing trade and inflation data. On the other hand, it triggers hope that Beijing will step up stimulus measures.

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