Below is a list with tagged columns and company profiles.

Today's Headlines USA

  • US Economy Grows 4% in Q2-2014 amid Improved Consumer Spending

    US gross domestic product (GDP) growth in the second quarter of 2014 expanded 4 percent year-on-year (yoy), thus having nearly doubled from the GDP growth pace in the first quarter (2.1 percent yoy) when the USA was hit by severe winter weather. The US economic growth pace in Q2-2014 also exceeded analysts' forecasts who expected US GDP growth to range between 2 and 2.5 percent. Strong growth was caused by improved US consumer spending (expanding 2.5 percent and contributing over two-thirds to total economic activity in the USA).

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  • US Economy Improves; Federal Reserve Expected to Continue Tapering

    While some investors hope that the European Central Bank will enhance monetary easing by pumping more funds in the economy, the Federal Reserve is expected to continue monetary tightening. On 29-30 July, the Federal Open Market Committee (FOMC) meets and probably reduce the bond-buying program (quantitative easing) by another chunk of USD $10 billion to USD $25 billion in August. Since the start of 2014 when the Fed bought USD $85 billion worth of bonds per month, the program has been wound down amid an improving US economy.

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  • Singapore Largest Foreign Investor in Indonesia in the First Half of 2014

    According to the Indonesia Investment Coordinating Board (BKPM), Singapore is the largest foreign investor in Indonesia. In the first half of 2014, Indonesia received USD $3.4 billion worth of investments from Singapore. In total, foreign companies invested IDR 150 trillion (USD $12.9 billion) in Indonesia during the first six months of 2014. This is the highest amount of foreign investment that Indonesia has ever managed to attract in a six-month period. It also diluted fears that the legislative and presidential elections would cause a temporary slowdown.

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  • Fed Minutes: QE3 Ends in October 2014 but No Immediate US Interest Rate Hike

    Fed Minutes: QE3 Ends in October 2014 but No Immediate US Interest Rate Hike

    The US dollar continues to depreciate against emerging currencies after the minutes of the Federal Reserve’s latest FOMC meeting, released Wednesday (09/07), suggest that the US central bank will maintain historic low interest rates (0.0 - 0.25 percent) into 2015. The Fed informed that US interest rates hikes will only occur ”a considerable time” after the US asset-buying program (quantitative easing) has ended. Based on the latest minutes, this program is expected to end in October 2014.

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  • IMF: Despite Challenges, Global Economic Growth Expected to Improve

    IMF: Despite Challenges, Global Economic Growth Expected to Improve

    Head of the International Monetary Fund (IMF) Christine Lagarde stated on Sunday (06/07) that the institution expects improved global economic growth in the second half of 2014 as well as in 2015 supported by the assumption that China, the world’s second-largest economy, will expand between 7.0 and 7.5 percent in 2014, thus not showing a sharp slowdown. Later this month, the IMF will release its new global economic outlook. Lagarde said that forecasts will be slightly different from forecasts made in the April edition.

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  • World Bank Cuts its Global Economic Growth Forecast to 2.8% in 2014

    The World Bank cut its global economic growth forecast because of the weaker outlooks for the economies of the USA, Russia and China, as well as the geopolitical tensions between Russia and Ukraine which triggered worldwide concerns. The Washington-based institution expects to see 2.8 percent of global economic growth in 2014, far below its January 2014 estimate of 3.2 percent. However, it kept its global growth forecasts for the next two years at 3.4 percent and 3.5 percent, respectively.

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  • Indonesian Rupiah Exchange Rate Update: Appreciating on Weak US Data

    Based on the Bloomberg Dollar Index, the Indonesian rupiah exchange rate appreciated 0.23 percent to IDR 11,603 per US dollar on Thursday (24/04). The currency's performance was particularly influenced by weak new US single-family homes sales. These sales fell more than expected and hit a five-month low in February 2014, implying that there is continued weakness in the US housing market. Meanwhile, US durable goods orders and US initial jobless claims, which will be released later today, are expected to be weak too.

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  • Bappenas Expects Indonesia to Record a Trade Surplus in 2014

    Indonesian exports are expected to rise 6.7 percent to IDR 1,399.7 trillion (USD $123.9 billion) in 2014 as a number of advanced markets (including the United States) have been showing signs of improving economies (the calculation of the figures was done by the Ministry of National Development Planning also known as Bappenas). Increased demand from these advanced markets will result in more exports of Indonesian manufactured products. Indonesian exports of natural resources, on the contrary, are expected to slow.

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  • Emerging Asian Currencies Rise on US Jobs; Market Waiting for FOMC Minutes

    Most emerging currencies in Asia appreciated against the US dollar on Monday (07/04) as the 192,000 jobs that were added by US employers in March 2014 are believed to be too low to trigger an early interest rate hike by the US Federal Reserve. The new jobs data did not meet expectation, particularly after the strong US private jobs report. Meanwhile, trading in Asia was subdued as China's financial markets were closed (due to the Qingming Festival also known as Tomb Sweeping Day).

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  • Indonesian Rupiah Exchange Rate Moves Sideways on Friday

    The Indonesian rupiah exchange rate moved rather sideways on Friday (04/04). Based on the Bloomberg Dollar Index, the currency appreciated 0.06 percent to IDR 11,316 per US dollar. Most emerging Asian currencies tended to depreciate against the greenback as the market is waiting for US unemployment data, released later today. Overall, market participants remain confident in Indonesia's economic fundamentals as inflation eased to 7.32 percent (yoy) in March, while the country posted a trade surplus of USD $785 million in February.

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Latest Columns USA

  • US Nonfarm Payrolls, China's Bird Flu and Korean Tension Weaken the IHSG

    Reza Priyambada Indonesia Stock Exchange - Indonesia Investments

    Last week Friday, American stock markets were not able to maintain a positive trend due to Nonfarm Payrolls that increased below expectation. Moreover, concerns about a spreading bird flu epidemic in China in combination with increased political tensions in Korea impacted on Monday's trading day (8 April 2013) of the Indonesia Stock Exchange (IHSG). The index had to absorb a sell-off, thus closing lower to 4,897.52, an 0.58 percent decline.

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  • Indonesia's Overbought Market Fails to Reach Beyond Next Psychological Level

    On Thursday 4 April 2013, market players were hoping that the Indonesia Stock Exchange (IHSG) would climb beyond the psychological level of 5,000. However, the presence of negative market sentiments - and the overbought condition of the IHSG - were used as reasons to engage in profit taking. It consequently pushed down Indonesia's main financial market indicator to the level of 4,922.61, an 1.18 percent fall compared to Wednesday's trading day.

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  • Despite Mixed Asian Stock Markets, Indonesia's Index Posts New Record High

    Despite positive results of monthly US Factory Orders and Economic Optimism, it did not support Asian stock markets up to the end of Wednesday's trading day. The Indonesia Stock Exchange (IHSG), on the other hand, maintained its upward movement to reach 4,981.47, a 0.49 percent gain. Matters that supported the IHSG's performance to yet another new record high level, were well-received 2012 company reports as well as expected dividend payouts.

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  • World Bank: Indonesia Shows Steady Growth but Pressures Are Mounting

    This week, the World Bank published its Indonesia Economic Quarterly (IEQ, edition March 2013) titled 'Pressures Mounting'. It reports on key developments over the past three months in Indonesia’s economy, and places these in a longer-term and global context. To read the whole report, please visit the World Bank's website at www.worldbank.org or download this edition directly through this link. Below we present the executive summary.

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  • Indonesia Stock Exchange Ends it Record Breaking Week on a High Note

    A surge in plantation, consumer, infrastructure and financial stocks has pushed the Indonesia Stock Exchange (IHSG) higher up the path of record-breaking highs on Friday, despite mixed Asian stock markets and a weak opening of European stock indices. Moreover, continued reports about good corporate results of listed companies convinced market participants to engage in trading, despite an already overbought market.

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  • Have We Landed on a New Resistance Level?

    After three days of trying to reach a new resistance level, the Indonesia Stock Exchange (IHSG) finally ended above the level of 4500. Actually, it does not mark a new phenomenon as the IHSG had reached 4518.95 at the start of the week. However, back then it could not hold that level for long due to selling pressures. Despite mostly negative Asian stock indices, the IHSG managed to gain in strength as European stock markets opened positively, and due to many promising results of Indonesian companies.

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