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19 June 2025 (closed)
Jakarta Composite Index (6,968.64) -139.15 -1.96%
Below is a list with tagged columns and company profiles.
Latest Reports Donald Trump
In the present, it has become particularly interesting to take a look at trade flows as the US import tariffs (announced by President Donald Trump on 2 April 2025) could cause the restructuring, or reshaping, of international trade.
On Sunday (04 May 2025) Indonesia Investments released the April 2025 edition of its monthly report. The report zooms in on a selection of developments that were relevant in the month of April 2025.
The ceramics industry is an important one for the Indonesian economy, and is one that has significant potential as per capita ceramic consumption is still low in Indonesia. Due to widespread (near) poverty in society, there is ample room for future growth of ceramic tiles (for walls and floors), porcelain, stoneware, bricks and more.
On Tuesday (08 April 2025) the stock market reopened in Indonesia after the long Idul Fitri holiday. And so, it was the first time investors could respond to global turmoil that occured after US President Donald Trump announced steep import tariffs for goods shipped into the United States (feared to trigger a global trade war and global economic recession).
Markets in Indonesia were closed for the national Idul Fitri holiday (the festivities that mark the end of the Ramadan month) between 28 March and 7 April 2025, meaning they haven't digested the controversial tariffs that were announced by US President Donald Trump on 2 April 2025.
On Tuesday (18 March 2025), the Indonesia Stock Exchange (IDX) decided to temporarily suspend trading as the benchmark Jakarta Composite Index (IHSG) plunged 5 percent. Such trading halts target at stabilizing Indonesia's capital markets (as the rupiah was also dragged down by the capital outflows).
On Wednesday 05 March 2025, Indonesia Investments released the February 2025 edition of its monthly report. The report discusses a range of national and international topics that impacted on Indonesia in the month of February 2025.
On Tuesday 4 February 2025, Indonesia Investments released the January 2025 edition of its monthly report. This report discusses key political, economic and social developments that unfolded in Indonesia in the month of January 2025.
The 2020 United States (US) presidential election, held on 3 November 2020, was a fascinating one. The battle between incumbent US President Donald Trump and his rival Joe Biden (the Democratic Party’s candidate) was so close that election night ended without a clear winner. For those who favor one candidate over the other, it was (and is) an emotional roller coaster. For Indonesia Investments, which takes a neutral stance in the election, it is simply a fascinating course of events.
When looking at the trade data that were released by Indonesia’s Statistics Agency (BPS) on Monday (16/04) there is something interesting about Indonesia’s steel exports. Indonesia is a relatively small steel producing nation (and actually imports about half of its domestic steel consumption, mostly from China) but its iron & steel exports to the USA soared over 1,500 percent month-on-month (m/m) from USD $2.13 million in February 2018 to USD $35 million in March 2018. Reason behind this surge may very well be the trade war between China and the USA.
Latest Columns Donald Trump
The big news story today is that US tariffs on USD $34 billion worth of Chinese goods came into effect this morning (06/07). Considering China immediately imposed retaliatory tariffs on US imports, it means we are witnessing the start of the global trade war. There have been major concerns over simmering trade tensions ever since US President Donald Trump announced steep steel and aluminum tariffs back in late-February 2018. Now, however, the trade war has really arrived.
Concerns over a trade war are rising as the European Union (EU) plans to impose a 25 percent retaliatory import tariff on various US products, ranging from clothes to motorcycles, if US President Donald Trump indeed goes ahead with his plan to impose a 25 percent import tariff on steel imports and a 10 percent tariff on aluminum imports.
Across the world, leaders express criticism on US President Donald Trump's decision to officially recognize Jerusalem as the capital city of Israel. Moreover, Trump announced that the American embassy is to be relocated from Tel Aviv to Jerusalem. While Trump claims that these decisions constitute a step to advance the peace process and emphasizes that the US will continue to facilitate the peace process between both sides, fierce criticism unleashed following Trump's statements.
Now the United States - under the Donald Trump administration - are focused on their "America First" policy, China is able to increase its influence in the Asian region. This was apparent at the 30th Association of Southeast Asian Nations (ASEAN) summit on April 26-29 at the Philippine International Convention Center in Pasay City where regional leaders expressed their support for the denuclearization of North Korea but were reluctant to discuss the tensions around the South China Sea.
Mike Pence, the Vice President of the United States, visited Indonesian President Joko Widodo on Thursday morning (20/04) at the presidential palace in Jakarta as part of Pence's Asia-Pacific tour (15-25 April 2017). Main goals of Pence's visit to several Asia-Pacific nations are to enhance diplomatic relations, improve regional security cooperation, and seek fairer trade. Pence arrived in Jakarta on Wednesday evening, directly from Japan where he emphasized US commitment to rein in North Korea's nuclear and missile ambitions.
As promised US President Donald Trump pulled the United States out of the Trans-Pacific Partnership (TPP), an ambitious free trade deal that was signed in October 2015 (after five years of negotiating) and had created the world's largest free trade area (covering 12 countries and 40 percent of global trade). Trump's move to withdraw the USA from the TPP implies that he distances the USA from its Asian allies and gives China the opportunity to fill in the empty space that is left by America.
While political leaders, bankers and economists met in Davos (Switzerland) for the World Economic Forum (17-20 January 2017), Donald Trump was sworn in as the 45th US president in Washington. His speech was all about "America first", including a protectionist approach in trade, which Trump believes will lead to great prosperity and strength for the USA. Also in Europe anti-globalization sentiments are heard (such as the exit of Britain from the European Union). Most guests in Davos, on the contrary, favor higher global trade and worldwide economic participation.
The central bank of Indonesia (Bank Indonesia) decided to leave its interest rate environment unchanged at the January 2017 policy meeting on Thursday (19/01). The benchmark seven-day reverse repurchase rate (BI 7-day RR Rate) was kept at 4.75 percent, while the Deposit Facility and Lending Facility rates were maintained at 4.00 percent and 5.50 percent, respectively. The decisions of Bank Indonesia are in line with analysts' forecasts. Due to risks of capital outflows Indonesia's central bank had few room to ease monetary policy.
Whether it was caused by pressure from the Indonesian government, or, whether US multinational banking and financial services firm JP Morgan Chase itself came to the conclusion that its decision to double downgrade Indonesia from overweight to underweight (in November 2016) was excessive remains unknown. What is known is that JP Morgan upgraded its investment recommendation on Indonesian stocks to neutral from underweight on Monday (16/01). Main reason for this upgrade is that redemption and bond volatility risks have now played out, in the view of JP Morgan.
The government of Indonesia suspended all cooperation with US multinational banking and financial services firm JP Morgan Chase after the US bank double downgraded Indonesia from overweight to underweight without elaborating too much on the exact motives behind this drastic move. According to Indonesian government officials this downgrade is excessive and lacks evidentiary support or rational justification. Moreover, they argue this "misleading" downgrade has a big psychological impact on investors and therefore it "disturbs Indonesia's financial stability".
