29 September 2025 (closed)
Jakarta Composite Index (8,125.20) +85.16 +1.06%
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Latest Reports Purbaya Yudhi Sadewa
After Purbaya Yudhi Sadewa was appointed as Indonesia's new Finance Minister in September 2025 shares of cigarette manufacturers listed on the Indonesia Stock Exchange (IDX) soared. While we always call Indonesia's cigarette manufacturing industry a "sunset industry", we now wonder: can it turn into a sunrise?
Latest Columns Purbaya Yudhi Sadewa
A draft law that would amend Law Number 4 of Year 2023 on the Development and Strengthening of the Financial Sector (henceforth: RUU No. 4/2023 P2SK) is currently being discussed by Indonesia's House of Representatives (DPR) and cabinet. If approved, this law would somewhat change the role and power of the central bank (Bank Indonesia).
The Consumer Confidence Index of Indonesia rose 0.9 percent in September 2013 after having fallen 8.4 percent in the previous month. In September, the index rose because Indonesian consumers are more confident about prospects of the Indonesian economy, while concerns about the increase of certain food prices eased. Purbaya Yudhi Sadewa, chief economist at the Danareksa Research Insititute, said that in September 77.4 percent of consumers were concerned about rising food prices, down from 82.5 percent in August.
