Below is a list with tagged columns and company profiles.

Today's Headlines China

  • Indonesia’s First High-Speed Railway Project: Battle between China and Japan

    Indonesia’s First High-Speed Railway Project: Battle between China and Japan

    According to the latest rumours, the government of Indonesia tends to favour China to build the nation's first high-speed railway that will connect the capital city of Jakarta and Bandung in West Java. Over the past weeks, the ‘battle’ between China and Japan over who will be awarded the contract to construct the high-speed and high-profile railway between both cities (worth approx. USD $5 billion) heightened.

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  • Stock Market Update Indonesia: Stocks Climb on Strong US GDP & Rising Oil Price

    Stock Market Update Indonesia: Stocks Climb on Strong US GDP & Rising Oil Price

    Most Asian stock markets are strengthening on Friday after indices on Wall Street rose yesterday on strong US economic growth. The US economy grew 3.7 percent (y/y) in the second quarter of 2015 (much higher than the 2.3 percent estimated previously). As a result, the Dow Jones Industrial Average surged 2.27 percent while global oil prices rebounded over 10 percent on Thursday (27/08).

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  • Indonesian Stocks Rebound on Thursday Morning, Rupiah Still Under Pressure

    Indonesian Stocks Rebound on Thursday Morning, Rupiah Still Under Pressure

    In line with major stock indices in Asia, Indonesia’s benchmark Jakarta Composite Index rebounded directly after the opening of trade on Thursday (27/08). The index surged 2.51 percent to 4,344.11 points. Most indices in Asia were up after the US Dow Jones Industrial Average climbed nearly 4 percent on Wednesday (26/08), effectively ending a six-day losing streak, on heightened expectation that the Federal Reserve will not raise its key Fed Fund Rate yet in September. However, markets are still plagued by severe volatility.

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  • Indonesia Stock Exchange: 10% Loss Limit, Short-Selling & Share Buyback

    Indonesia Stock Exchange: 10% Loss Limit, Short-Selling & Share Buyback

    The Indonesia Stock Exchange (IDX) announced today (25/08) that it has curtailed the daily limit on share price losses to ten percent. This means that shares of listed Indonesian companies on the IDX can fall up to a maximum of 10 percent per day (from the range of 20 to 35 percent previously). This revised regulation aims to cushion the negative effects of current high (global) market volatility. Yesterday (‘Black Monday’), the Jakarta Composite Index fell to a 20-month low. The cap on upper price movements remains 20-35 percent per day.

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  • Why Indonesia’s Jakarta Composite Index Rebounds on Tuesday?

    Why Indonesia’s Jakarta Composite Index Rebounds on Tuesday?

    Most analysts expected that Indonesia’s benchmark stock index (Jakarta Composite Index) would be plagued by another selloff on Tuesday (25/08) as the major stock indices in the USA and Europe plunged yesterday, while commodity prices hit new lows (crude oil fell below USD $40 per barrel for the first time since 2009). Moreover, Shanghai and Japan opened in the red. However, reality proves differently. Around 11:25 am local Jakarta time the Jakarta Composite Index was up 1.77 percent to 4,237.28 points.

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  • Indonesian Stocks & Rupiah: State-Owned Firms to Buy Back Shares

    Indonesian Stocks & Rupiah: State-Owned Firms to Buy Back Shares

    There are few signs that Indonesian stocks and the rupiah will rebound on Tuesday (25/08). Benchmark stock indices of China and Japan continued to fall directly after opening on Tuesday and are therefore expected to drag down other markets in Asia. Yesterday, major markets in the USA and Europe slumped, while commodity prices hit new lows (oil slid below USD $40 per barrel for the first time since 2009). The rupiah continued to weaken after opening on Tuesday to IDR 14,065 per US dollar by 09:06 am local Jakarta time.

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  • Indonesia’s Rupiah Weakens beyond Psychological Level of IDR 14,000/USD

    Indonesia’s Rupiah Weakens beyond Psychological Level of IDR 14,000 per USD

    For the first time since July 1998, when Indonesia was still plagued by the Asian Financial Crisis, the rupiah has fallen beyond the IDR 14,000 per US dollar mark. Many analysts had already predicted over the past couple of months that Indonesia’s currency would weaken beyond this ‘psychological’ level as external pressures are simply too high. Since 2013 the rupiah has weakening (against the US dollar) as the US Federal Reserve started preparing for monetary tightening. The recent devaluation of China’s yuan added more pressure.

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  • Global Selloff Hits Asia: Indonesian Stocks & Rupiah Weaken Sharply

    Global Selloff Hits Asia: Indonesian Stocks & Rupiah Weaken Sharply

    The global selloff hit Asian markets on Monday (24/08). Stock indices and currencies in the Asian region collapsed dramatically on Monday morning. Indonesia’s benchmark Jakarta Composite Index (IHSG) was down 4.66 percent to 4,133.33 points by 10:50 am local Jakarta time, while the rupiah had weakened beyond IDR 14,000 per US dollar according to the Bloomberg Dollar Index. China’s benchmark Shanghai Composite Index plunged over 8 percent. What is happening to the emerging market assets in Asia today?

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  • Can Bank Indonesia’s US Dollar Purchase Restriction Support the Rupiah?

    Can Bank Indonesia’s US Dollar Purchase Restriction Support the Rupiah?

    Last week, Indonesia’s central bank (Bank Indonesia) refrained from adjusting its relatively high interest rate regime as it is committed to support the ailing rupiah and combat high inflation. Another decision that was revealed by Bank Indonesia is the soon-to-be-introduced regulation that limits total (non-collateral) monthly US dollar purchases to USD $25,000 (down from USD $100,000 previously). This regulation will be implemented in a move to thwart speculators that want to take advantage of the weak and volatile rupiah.

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  • Global Markets on Fire: What Happens to the Rupiah & Indonesian Stocks?

    Global Markets on Fire: What Happens to the Rupiah & Indonesian Stocks?

    The Indonesian rupiah continues to flirt with a 17-year low as the currency is getting closer and closer to the IDR 14,000 per US dollar level. Meanwhile, Indonesian stocks took another blow as the country’s benchmark stock index (Jakarta Composite Index) fell 2.39 percent on Friday (21/08). Such turmoil is not only confined to Indonesia but was felt across Asia and the West. Markets were plagued by selloffs in energy shares (due to falling oil prices) and uncertainty about the timing of higher US interest rates.

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Latest Columns China

  • Indonesia's Benchmark Stock Index (IHSG) up 0.17% on Thursday

    Despite concerns that Indonesia's benchmark stock index (IHSG) would weaken on Thursday's trading day (12/09), the index ended 0.17 percent up to 4,356.61 points. Indices on Wall Street and in Asia impacted positively on the IHSG and kept foreign investors increasing their stock portfolios in Indonesia. Moreover, the Bank Indonesia's decision to raise the country's benchmark interest rate (BI rate) by 25 basis points to 7.25 percent was generally well-received by investors. Banking stocks helped to support the IHSG.

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  • Asian Markets Continue Rebound; Indonesia's IHSG Climbs 3.98%

    Asian Markets Continues Rebound; Indonesia's IHSG Climbs 3.98%

    Good economic data from China and Japan made many Asian stock indices go into green territory, including Indonesia's benchmark stock index (IHSG) which gained 3.98 percent to close at 4,358.14 points on Tuesday (10/09) despite the lack of positive internal factors in Indonesia. Promising European openings also provided support for the index. Foreign investors, similarly to yesterday, were net purchasers of Indonesian assets, while domestic investors mostly sold their assets.

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  • Positive Market Sentiments in Asia Push Indonesia's Index Up 2.92%

    The release of positive economic data in China at the end of last week were continued into this week and had a good impact on regional stock indices. Most Asian stock indices continued their upward movement. This time, Indonesia's benchmark stock index (IHSG) was able to join its regional peers. Although Indonesia's investment climate is still not conducive, foreign investors were back buying more Indonesian stocks than they sold. The index rose 2.92 percent to 4,191.26 points on Monday (09/09).

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  • Indonesia Stock Market: Overview and Analysis of Last Week's Performance

    Although many global indices were up, Indonesia's benchmark stock index (IHSG) fell a total of 2.93 percent during last week's trading. One important issue on global indices is the tapering off of the Federal Reserve's quantitative easing (QE3). On 17 and 18 September, the next meeting of the FOMC is scheduled, which is expected to discuss the future of QE3. Notably, as the meeting comes closer, most global indices in fact rise. Thus, market players seem to have become less concerned about an end to QE3.

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  • Indonesia Stock Index Rebounds on Tuesday; Rupiah Depreciates

    Indonesia's benchmark stock index (IHSG) rebounded on Tuesday (03/09) amid rising Asian stock indices inflicted by optimism about economic recovery in China and the USA. The IHSG rose 1.53 percent to 4,164.12 points. Agribusiness and mining stocks were the top performers today, while the miscellaneous industry, which fell 0.09 percent, was the only sectoral index on the Indonesia Stock Exchange (IDX) that was down. The rupiah depreciated against the US dollar as investors are concerned about July's USD $2.3 billion current account deficit.

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  • Market Update: Eurozone Posts Good Data, USA Waiting for Decisions

    Most European stock indices rose sharply on Monday (02/09) as investors were happy to see favorable industrial data from China and the Eurozone. The benchmark stock indices in Paris, Frankfurt, London and Amsterdam climbed up to 1.8 percent. Trade was relatively quiet as Wall Street was closed due to Labor Day celebrations. However, it may be a 'calm before the storm' because on Friday (06/09) new official data about U.S. job creation will be released, while next week more clarity about a military operation in Syria is expected.

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  • Amid Mixed Asian Markets Indonesia's Main Index Rises 1.02%

    After Wall Street turned back into the green zone on Tuesday (13/08) and was accompanied by continued rising stock indices in Europe, it provided good support for Asian stock indices on Wednesday (14/08), including Indonesia's main stock index (IHSG). Indonesian mining commodities and plantation stocks fell but these losses were offset by rising big cap stocks (particularly finance stocks) and speculation that Indonesia's central bank will keep its benchmark interest rate (BI rate) at 6.50 percent.

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  • Jakarta Composite Index Rebounds amid Rising Asian Indices

    Jakarta Composite Index Rebounds amid Rising Asian Indices

    Rising Asian stock indices from the start of the week have supported Indonesia's main stock index (IHSG) to follow suit on Tuesday (13/08). Despite mixed markets in the United States and Europe, the IHSG grew 1.19 percent to 4,652.40 points. Japan's Nikkei index, which weakened seriously after the country's disappointing Q2 GDP result, rebounded and had a positive impact on the IHSG. Lastly, positive European openings made sure the IHSG would stay in the green zone.

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  • After Lebaran Holiday Indonesia's Main Stock Index Starts in the Red

    After its one-week holiday, Indonesia's main stock index (IHSG) started in negative territory. The index fell 0.93 percent to 4,597.78 on Monday (12/08) with the country's miscellaneous industry sector and the consumer goods sector leading the fall. It is interesting to note that most Indonesian mining companies showed significantly rising share prices as prices of mining commodities are expected to increase. According to Morgan Stanley, coal imports to India will grow while the global coal price has already reached its lowest point.

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  • Possible End to Quantitative Easing Will Impact on Emerging Economies

    Possible End to Quantitative Easing Will Impact on Emerging Economies

    Worldwide, most stock indices fell on Wednesday (07/08), particularly Japan's Nikkei index, after it has been speculated that the Federal Reserve may phase out the third round of its quantitative easing program in September 2013. This program, involving a monthly USD $85 billion bond-buying package, aims to spur US economic growth while keeping interest rates low. However, one important side effect has been rising stock markets around the globe. Now the end of QE3 is in sight, investors shy away from riskier assets.

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