Below is a list with tagged columns and company profiles.

Today's Headlines China

  • Amid Improving Global Economy, Indonesia Optimistic about GDP Growth

    Forecasts for economic growth in Indonesia in 2014 are still optimistic. The government of Indonesia targets a 6 percent growth rate, while the country's central bank (Bank Indonesia) expects GDP growth in the range of 5.8 to 6.2 percent. Although these forecasts clearly fall short of the target set in the country's National Medium Term Development Plan (RPJMN) - which mentions annual GDP growth of between 6.3 and 6.8 percent - the forecasts are still rather positive given the global uncertain and volatile economic context in recent years.

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  • International Monetary Fund: Commodity Market Monthly January

    Last Friday, the International Monetary Fund (IMF) released its January 2014 Commodity Market Monthly. This report provides an update on global commodity prices. According to the report, global commodity prices rose 2.4 percent in December 2013, with increases in most main indices. During 2013, commodity prices increased 0.8 percent, with gains concentrated in the energy sector, up 3 percent from December 2012. Metals prices declined 7 percent due to continued increases in new capacity.

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  • India's Tata Steel Plans to Enter Indonesia with Downstream Products

    India's Tata Steel Plans to Enter Indonesia with Downstream Products

    Tata Steel Limited, the Indian multinational steel producer, recently announced its ambition to penetrate the Asia-Pacific region, including Indonesia. Although it remains unclear whether the company intends to establish a factory in Indonesia, an official of the company said that Tata Steel wants to enter Indonesia with downstream products in 2014 or 2015 as it sees potential in Southeast Asia's largest economy and aims to improve profitability by increasing efficiency in the operatives in the Asia-Pacific.

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  • Chatib Basri Comments on Indonesia's Economic Performance in 2013

    Minister Chatib Basri Comments on Indonesia's Economic Performance in 2013

    Indonesia's Finance Minister Chatib Basri expects that Indonesia's economic growth in 2013 will reach 5.7 percent, significantly below the government's initial target of 6.3 percent. Basri announced his expectation at the government's economic evaluation and projection meeting. According to Basri, Indonesia's economic growth is stable, despite its slowing trend. Among the G20 member countries, only China will post higher GDP growth (7.8 percent up to the third quarter). Indonesia's inflation rate is expected to reach 8.5 percent (yoy) at the year-end.

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  • IMF: Slowing Growth and Widening Macro-Imbalances in Indonesia

    IMF: Slowing Growth and Widening Macro-imbalances in Indonesia

    The International Monetary Fund (IMF) detects a slowdown in GDP growth in major emerging market economies and decline in commodity prices, and more recently, a reversal in push factors tied to a prospective exit from extraordinarily easy global monetary conditions, has put pressure on Indonesia’s balance of payments and heightened its vulnerability to shocks. Domestic policy accommodation and rising energy subsidies have also given rise to increased external and fiscal imbalances.

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  • Developing Asia Growth Outlook Steady as Industrial Economies Firm

    An improving economic growth outlook in both Japan and the USA paired with stronger-than- expected growth in the People’s Republic of China (PRC) support a steady growth outlook for developing Asia, says a new Asian Development Bank (ADB) report. The Asian Development Outlook Supplement, released on Wednesday (11/12), forecasts growth of 6.0 percent in 2013 for ADB’s 45 developing member countries, improving to 6.2 percent in 2014. The forecasts are unchanged from the Asian Development Outlook Update issued in October.

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  • OECD: Strong Growth in Indonesia but Takes Time to be High-Income Economy

    The latest report of the Organisation for Economic Co-operation and Development (OECD), titled "Structural Policy Challenges in Indonesia", mentions that Indonesia - with an annual GDP growth projection of about 6 percent - is estimated to be the country with the highest level of economic growth among the ASEAN countries between 2014 and 2018. The report is positive about the region's economic future that lies ahead, particularly China, despite the global crisis having managed to slow down economic expansion.

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  • Indonesia's Economic Growth in 2014: Growing or Slowing?

    Despite the World Bank and International Monetary Fund (IMF) having revised down their forecasts for Indonesia's economic growth in 2014, the Center for Economic and Public Policy Studies (Pusat Studi Ekonomi dan Kebijakan Publik) expects that the country's economy will grow stronger in 2014 than this year. In 2014, the World Bank and IMF expect Indonesia's gross domestic product to grow 5.4 percent and 5.5 percent respectively. Both estimates are 0.2 percent down from their GDP growth forecasts for the year 2013.

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  • Indonesia's Depreciating Rupiah Rate Continues its Downward Spiral

    The Indonesian rupiah continued its downward spiral on Monday morning (25/11). The central bank's mid rate fell 0.14 percent to IDR 11,722 per US dollar. Last week, the rupiah fell amid negative market sentiments brought on by the result of the Federal Reserve's FOMC meeting. The result seems to indicate that it will not take long before the quantitative easing program will be wound down. Contrary to the Australian dollar as well as the Indian rupee, news about the forthcoming financial reformation in China is unable to the support the rupiah.

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  • Moody's: Despite Some Risks Outlook for Indonesia's Economy Still Stable

    Moody's Investors Service, one of the big credit rating agencies, stated in its 'Credit Analysis: Indonesia' report that - despite the ongoing current account deficit (which is considered to be structural) and a relatively shallow and volatile domestic capital market (which contributes to Indonesia’s reliance on external funding) - the agency is positive about Indonesia's outlook due to its growth prospects, narrow fiscal deficits and low public debt. Indonesian government bonds are rated at Baa3, which is Moody's lowest investment-grade status.

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Latest Columns China

  • Indonesian Stocks Down due to Export Ban, Falling Rupiah & Asian Indices

    Several factors can be mentioned that may explain the fall of the Jakarta Composite Index (Indonesia's benchmark stock index, abbreviated as IHSG) on Monday's trading day (06/01). These include a sell off of mining stocks (which subsequently negatively affected agricultural stocks) because of the approaching implementation of the ban on the export of unprocessed minerals, the continuing depreciating rupiah exchange rate, the impact of falling stock indices across Asia, and the higher price of 12 kilogram-cylinders of liquefied petroleum gas (LPG).

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  • Jakarta Composite Index Down 1.61% due to China Data and Wall Street

    Jakarta Composite Index Down 1.61% due to China Data and Wall Street

    On Friday (03/01), the benchmark stock index of Indonesia (known as the Jakarta Composite Index or IHSG) ended 1.61 percent down to 4,257.66 points amid a majority of global indices declining after having experienced a short (window dressing-inspired) rally at the end of the year. The IHSG, which was not affected by the window dressing phenomenon, was dragged down after experiencing a four-day rally in the last week of 2013. Positive US employment data were unable to support global indices.

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  • Indonesia Stock Market News: Positive Impact of January 2014 Fed Tapering

    The announcement that the Federal Reserve (FED) will start its quantitative easing tapering in January 2014, while keeping interest rates low, made stock indices in Asia rise, including Indonesia's benchmark stock index (IHSG), although mining and property stocks were able to limit today's gain. The IHSG rose 0.85 percent to 4,231.98 points on Thursday (19/12). The Indonesia rupiah exchange rate (IDR), however, was down as future tighter US dollar supplies causes market participants to buy US dollar now.

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  • Indonesia’s Stock Index (IHSG) Up on US Economic Data on Tuesday

    Wall Street, which was up on Monday (16/12) supported by various economic data, managed to support Asian stock indices on Tuesday (17/12), including Indonesia’s benchmark stock index (IHSG). Investors were back and ready to trade on the Indonesia Stock Exchange. As usual, the big cap stocks were highly popular. The rupiah’s Bank Indonesia mid-rate, which improved slightly, also contributed to the good performance of the IHSG today. The index rose 1.37 percent to 4,182.35 points.

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  • Indonesia's Benchmark Stock Index Up on US and China Economic Data

    Asia's stock indices were up after various US economic data (including non-farm payrolls and consumer confidence) were better than expected, including Indonesia's benchmark stock index (also known as the Jakarta Composite index or IHSG). The index climbed 0.80 percent to 4,214.34 points on Monday (09/12). Supported by foreign net buying, almost all sectoral indices of the IHSG were up. The economic policy package that was released by the Ministry of Economy this afternoon also provided support for the index and the rupiah.

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  • Indonesia Most Popular Investment Destination for Japanese Expansion

    Indonesia Most Popular Investment Destination for Japanese Expansion

    According to a survey of the Japan Bank for International Cooperation (JBIC), 44.9 percent of respondents assessed Indonesia as the most promising investment destination for the next three years. The respondents in this survey involved 500 Japanese companies that engage in international businesses. For Indonesia it is the first time in 21 years that it forms the preferred choice of overseas investments for Japanese companies, thus replacing China. In 2013, Japan already dominates foreign direct investment in Indonesia.

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  • ADB Report: Asia Should Strengthen Economies and Financial Systems

    Emerging East Asian countries should use the window of opportunity opened by the delay in US monetary policy normalization to strengthen their economies and financial systems, the latest quarterly Asia Bond Monitor from the Asian Development Bank (ADB) urges. “A delay in US bond tapering gives the region a bit of extra time to make sure its economy and financial systems are resilient enough to face the likely market volatility ahead,” said Iwan J. Azis, Head of ADB’s Office of Regional Economic Integration which produced the report.

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  • Indonesian Rupiah Falls 0.57% but Benchmark Stock Index Gains 1.34%

    Various factors contributed to the 1.34 percent rise of Indonesia's benchmark stock index (also known as the Jakarta Composite Index or the IHSG) on Monday (18/11) to 4,393.59 points. Firstly, the index was supported by other major Asian stock indices which all benefited from rising indices on Wall Street and in Europe at the end of last week. Secondly, the IHSG felt the positive impact from speculation that the government of China will reform its economy in order to spur economic growth.

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  • Ahead of the Bank Indonesia Meeting Jakarta Composite Index Falls 0.78%

    The Jakarta Composite index (Indonesia's benchmark stock index or IHSG) fell on Monday (11/11) amid mixed Asian markets. Not even positive finishes on Wall Street last Friday (08/11) were able to support the IHSG. Most investors seem to be waiting for results of Bank Indonesia's Board of Governor's Meeting which is scheduled for Tuesday (12/11). This meeting will provide answers about the central bank's view of the domestic economy and whether it thinks another adjustement of the BI rate is necessary.

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  • Jakarta Composite Index (IHSG) and Rupiah Advance on Thursday

    Contrary to most Asian indices, Indonesia's Jakarta Composite Index (IHSG) managed to post a gain on Thursday (07/11). The IHSG seemed to follow the upward movement of Wall Street on the previous day (06/11) after a number of Federal Reserve officials stated to support the continuation of the Fed's monthly USD $85 billion bond-buying program (quantitative easing). Despite continued foreign net selling, the IHSG index rose 0.82 percent to 4,486.11 points as domestic purchases offset foreign selling.

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