Below is a list with tagged columns and company profiles.

Today's Headlines USA

  • US Confirms Preliminary Anti-Dumping Duty on Indonesian Biodiesel

    US Confirms Preliminary Anti-Dumping Duty on Indonesian Biodiesel

    Wilbur Ross, US Secretary of Commerce, stated that the US Department of Commerce issued an affirmative final anti-dumping duty on biodiesel shipments that originate from Indonesia. The statement was released overnight (21/02). The decision was made to improve the situation of local US biodiesel producers as their business was undermined by cheap biodiesel imports from Indonesia (and Argentina).

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  • Biodiesel Producers in Indonesia Looking for New Export Markets

    Biodiesel Producers in Indonesia Looking for New Export Markets

    Indonesian biodiesel producers are in search of new export markets after the USA announced to introduce heavy anti-dumping duties and anti-subsidy rates on palm oil-based biodiesel imports from Indonesia. The Trade Ministry said Indonesia exported USD $255.6 million worth of biodiesel to the USA in 2016. This constitutes 89.2 percent of Indonesia's total biodiesel shipments.

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  • Indonesia Hit by US Anti-Subsidy Duties & Loses WTO Appeal

    Indonesia Hit by US Anti-Subsidy Duties & Loses WTO Appeal

    In a final ruling, released overnight (09/11), the US Commerce Department set anti-subsidy rates in the range of 34.45 - 64.73 percent for palm oil-based biodiesel imports that originate from Indonesia. This final ruling was slightly lighter than the preliminary 41.06 - 68.28 percent range that was set in August 2017.

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  • USA Imposes Anti-Dumping Duties on Biodiesel Imports from Indonesia

    USA Imposes Anti-Dumping Duties on Biodiesel Imports from Indonesia

    On Monday (23/10) the US Commerce Department issued a preliminary ruling and decided to set anti-dumping duties of 50.71 percent on biodiesel imports from Indonesia. Meanwhile, the USA also set anti-dumping duties, ranging between 54.36 to 70.05 percent, on soy-based biodiesel imports from Argentina.

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  • Awaiting Final US Ruling over Indonesia's Alleged Biodiesel Dumping

    Awaiting Final US Ruling over Indonesia's Alleged Biodiesel Dumping

    Stakeholders in Indonesia's biodiesel industry are waiting for the final ruling of the US Commerce Department regarding the dumping of biodiesel products on the American market. The USA accuses Indonesia and Argentina of subsidizing biodiesel exports, hence leading to uncompetitive US vegetable oils (particularly soybean oil).

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  • USA Plans to Impose 40% Anti-Dumping Duties on Indonesian Biodiesel

    USA Plans to Impose 40% Anti-Dumping Duties on Indonesian Biodiesel

    The US government plans to impose 40 percent import duties on biodiesel products that are shipped from Indonesia as the USA accuses the world's largest palm oil producer and exporter of dumping biodiesel products on the American market. As a result US vegetable oils (particularly soybean oil) lack competitiveness.

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  • Unprecedented North Korea Provocation Hits Asian Markets

    Unprecedented North Korea Provocation Hits Asian Markets

    Early this morning (Tuesday 29 August) North Korea fired another ballistic missile test. This time, however, the missile went over the northern part of Japan, an apparent attempt to provoke those who oppose North Korea's test program. The test did not lead to damage or injuries and broke into three pieces before plunging in the Pacific Ocean. While the world is now particularly waiting for a response from the USA, markets have already responded.

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  • Asian Stock & Currency Markets Digest Federal Reserve Minutes

    Asian Stock & Currency Markets Digest Federal Reserve Minutes

    The latest Federal Reserve minutes, released on Wednesday (05/07), injected a degree of uncertainty into markets. The minutes, covering the Federal Open Market Committee's June meeting, show a fragmented Fed that is split on when to start shrinking the Fed's massive $4.5 trillion balance sheet as well as on the inflation slowdown.

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  • American Officials Investigate USA - Indonesia Trade Relations

    Based on statements of officials at Indonesia’s Trade Ministry, the USA started its investigation into the trade deficits the USA has with 16 countries, including Indonesia. Two months ago US President Donald Trump ordered this trade probe as part of his “America First” policy. Trump wants the USA to have the upper hand (meaning a trade surplus) in trade relations.

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  • Impact Hawkish Federal Reserve on Stock Markets Across Asia

    Impact Hawkish Federal Reserve on Stock Markets Across Asia

    As widely expected, the Federal Reserve kept its benchmark interest rate unchanged after May's two-day policy meeting that was concluded on Wednesday (03/05). The US central bank also delivered a rather hawkish policy statement, downplaying weak Q1-2017 economic growth and emphasizing the strength of the US labor market. This implies the Fed is still on track for two more rate hikes in the remainder of 2017.

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Latest Columns USA

  • Jakarta Composite Index: What is Next for Indonesian Stocks?

    Jakarta Composite Index: What is Next for Indonesian Stocks?

    Stock markets in Indonesia have been particularly volatile in recent weeks, and this has left many investors wondering about whether or not the rally that started last October is still viable and ready to continue. Last month, the MSCI Indonesia Index (which trades under the stock symbol EIDO) took a large drop - from well above the 6,500 mark to below 6,000. From a percentage perspective, a move like this can generate significant losses for those that bought into Indonesian stocks while they were still at elevated levels.

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  • IMF Downgrades Global Economic Growth, China at 24-Year Low

    There was few good news from a global economic perspective as the International Monetary Fund (IMF) sharply cut its outlook for global economic growth in the next two years. According to the IMF, global economic growth will only reach 3.5 percent (y/y) in 2015 and 3.7 percent in 2016 due to poorer prospects in China, Russia, the Eurozone, and Japan. Economic growth of China (the world’s second-largest economy) fell to a 24-year low at 7.4 percent year-on-year (y/y) in 2014, below the government target of 7.5 percent (y/y).

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  • US Investments in Indonesia: American Companies Eager to Invest

    A total of 35 American companies are interested to invest a combined USD $61 billion in Indonesia over the next five years according to a survey conducted by the Paramadina Public Policy Institute, the American Chamber of Commerce in Indonesia (AmCham Indonesia), the Indonesian Employers Association (Apindo), and the Indonesian Chamber of Commerce and Industry (Kadin Indonesia). These 35 US companies have already invested a total of USD $65 billion in Indonesia over the period 2004 to 2012.

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  • IMF & World Bank about Global Economic Growth and Indonesia

    IMF & World Bank about Global Economic Growth and Indonesia

    The International Monetary Fund (IMF) slightly cut its outlook for global economic expansion for both 2014 and 2015. The institution decided to lower its forecast due to weaker growth in Japan, Latin America and Europe. According the IMF’s latest estimate, the global economy will grow 3.3 percent year-on-year (y/y) in 2014, down from its previous estimate of 3.4 percent y/y, and 3.8 percent y/y in 2015 (down from 4.0 percent y/y in its July estimate). This is the third time this year that the IMF has had to cut its global economic growth forecast.

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  • Stock Market Update Indonesia: Down on Politics and Global Data

    Indonesian stocks plunged considerably on Thursday (02/10). The country’s benchmark stock index (Jakarta Composite Index, abbreviated IHSG) declined 2.73 percent to 5,000.81 points, the largest drop in almost six months. This poor performance was caused by both external and internal factors. Externally, various weak economic data from the USA and Europe as well as an appreciating yen impacted negatively on Asian stock indices. Internally, market participants responded negatively toward the inauguration of the new parliament.

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  • Indonesian Stocks Down on Profit Taking; Rupiah Up on Court Decision

    The benchmark stock index of Indonesia (Jakarta Composite Index, abbreviated IHSG) fell 0.14 percent to 5,198.90 points on the last trading day of the week, the first day of decline in five trading days, as investors engaged in profit taking after Indonesia’s Constitutional Court confirmed the official election result of the General Elections Commission (KPU) that announced Joko Widodo as winner of the July 2014 presidential election. Next week investors may continue profit taking as the index is still overbought.

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  • Indonesian Stocks & Rupiah Exchange Rate Surge on Jokowi Rebound

    Although Asian stock indices tended to decline on Monday’s trading day (07/07) due to profit taking amid expectation that corporate earnings in the first half of 2014 are disappointing, the benchmark stock index of Indonesia (known as Jakarta Composite Index or IHSG) performed remarkably well as foreign investors recorded net buying and the Indonesian rupiah exchange rate appreciated sharply. The main reason why markets were positive in Indonesia on Monday was the strong performance of Joko Widodo in Saturday’s presidential debate.

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  • Rupiah Down but Indonesian Stocks Overcome Weak Economic Data

    Rupiah Down but Indonesian Stocks Overcome Weak Economic Data

    Although initially the benchmark stock index of Indonesia (known as Jakarta Composite index or IHSG) fell after the market responded to today's release of Indonesia's April trade deficit and May inflation, the index ended in the green zone due to foreign net buying and general positive Asian indices (influenced by higher stock indices on Wall Street at the end of last week). Particularly Indonesia's big cap stocks in the miscellaneous industry and consumer sectors were popular as these were relatively cheap after having tumbled at the end of last week.

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  • Jakarta Composite Index Declines 1.84% on US Contraction in Q1-2014

    Asian stocks declined on Friday's trading day (30/05) after a government report showed that the US economy - the world's largest economy - shrank by one percent (year-on-year) in the first quarter of 2014, the country's first contraction since early 2011. The contraction was far worse than the initial forecast at 0.1 percent. The main cause of the contraction was the severe winter that hit the USA. The benchmark stock index of Indonesia (Jakarta Composite Index) fell 1.84 percent to 4,893.91 points on Friday (30/05).

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  • Contrary to Most Emerging Currencies, Indonesian Rupiah Depreciates

    On Wednesday (26/03), most emerging Asian currencies appreciated against the US dollar as the region's shares hit a two-week high on upbeat US economic data in combination with reduced concern over the crisis in Crimea (Ukraine). However, the Indonesian rupiah exchange rate was one of the exceptions to this trend on today's trading day. Based on the Bloomberg Dollar Index, the rupiah had depreciated 0.16 percent to IDR 11,412 at 16:15 local Jakarta time. Meanwhile, the Chinese yuan recovered some of its earlier losses.

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