Below is a list with tagged columns and company profiles.

Today's Headlines China

  • Mining in Indonesia: Coal Price to Remain Stable on China Policies

    Mining in Indonesia: Coal Price to Remain Stable on China Policies

    Despite seeing a supply surplus in Asia, coal prices are expected to remain stable in the foreseeable future supported by expectations of Chinese intervention into domestic coal production. China is the world's largest producer and consumer of coal and therefore the main determinant of the coal price. On Friday (19/05), the Newcastle coal index (May 2017 contracts) rose 0.27 percent to USD $74.25 per ton.

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  • Footwear Imports into Indonesia Surge High in Q1-2017

    Footwear Imports into Indonesia Surge High in Q1-2017

    Players in Indonesia's footwear industry are concerned about the sharp growth of imports of footwear (shoe) products into Indonesia, by far outpacing growth of footwear exports. Data released by the Indonesian Footwear Association (Aprisindo) show footwear imports into Indonesia rose 17 percent year-on-year (y/y) in 2016, while over the past two years exports of footwear products were recorded in the range of 3 - 4 percent (y/y).

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  • Stock Market Update: Indonesia's Jakarta Composite Hits New Record

    Stock Market Update: Indonesia's Jakarta Composite Hits New Record

    Indonesian stocks continue to expand into record high territory. On Wednesday (05/04) Indonesia's benchmark Jakarta Composite Index gained 0.45 percent to close at 5,676.98 points, a fresh new record high position. Indonesia's main stock index is currently "hot" due to several internal and external factors. However, a new report released by Morgan Stanley may make investors a bit cautious as valuations for Indonesian stocks have been rising sharply recently.

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  • Deindustrialization in Indonesia's Ceramic Industry due to ACFTA?

    Deindustrialization in Indonesia's Ceramic Industry due to CAFTA?

    Elisa Sinaga, Chairman of the Indonesian Ceramic Industry Association (ASAKI), is concerned about the zero percent import duty policy (applied per 2018) for Chinese ceramics that are shipped into Indonesia. This policy could lead to massive ceramic imports from China and encourage the deindustrialization in Indonesia's ceramic sector.

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  • Trump's Trade Policies Positive for Indonesia's Footwear Industry?

    Trump's Trade Policies Positive for Indonesia's Footwear Industry?

    Indonesia's exports of footwear to the United States (USA) are expected to reach the value of USD $1.5 billion in 2017, up 12 percent year-on-year (y/y) from USD $1.34 billion last year. This increase is expected to come on the back of US President Donald Trump's eagerness to limit imports from China by introducing higher tariffs. This policy should now open up opportunities for Indonesian footwear exporters.

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  • After Yellen Speech Markets Are Preparing for March Rate Hike

    After Yellen Speech Markets Are Preparing for March Rate Hike

    After Federal Reserve Chair Janet Yellen's speech late last week, markets are increasingly expecting to see a US interest rate hike this month. In her speech in Chicago on Friday (03/03), Yellen said the Fed will adjust its monetary policy (specifically the fed funds rate) in case US employment and inflation continue to evolve in line with the Fed's expectations. The next Federal Open Market Committee (FOMC) meeting is scheduled for 14-15 March 2017 and therefore it is believed only disastrous US labor market data can block an interest rate hike this month.

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  • IMF Upbeat on Indonesia's Growing Economy, Consumption & Reforms

    IMF Upbeat on Indonesia's Growing Economy, Consumption & Reforms

    The International Monetary Fund (IMF) is optimistic about economic growth of Indonesia in the foreseeable future. In its latest report the Washington-based institution says Indonesia's solid economic policies and increased household consumption support strong growth. The stronger rupiah and low inflation have caused people's purchasing power to strengthen. This is a major positive boost for the economy as household consumption accounts for more than 55 percent of total economic growth in Southeast Asia's largest economy.

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  • Steel Sales in Indonesia Expected to Grow in 2017

    Steel Sales in Indonesia Expected to Grow in 2017

    Sales of steel in Indonesia are expected to grow 7 percent year-on-year (y/y) to 15 million tons in 2017, from an estimated 14 million tons of steel sales this year. This growth is attributed to rising infrastructure development in Indonesia and the lower gas price (which is expected to be a reason for the nation's steel manufacturers to boost output). Purwono Widodo, Director for International Relations of the Indonesian Iron and Steel Association (IISIA), said steel sales in Indonesia fell in 2015 but rebounded in 2016.

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  • Indonesia's Coal Price Continues to Soar in 2nd Half of 2016

    Indonesia's Coal Price Continues to Soar in 2nd Half of 2016

    Indonesia's benchmark thermal coal price (Harga Batubara Acuan, or HBA) - a monthly price that is set by Indonesia's Energy and Mineral Resources Ministry, and which is based on domestic and international coal indices - continued its impressive rally. In December 2016 the HBA was set at USD $101.69 per metric ton, up nearly 20 percent from the HBA in the preceding month. It is now at its highest level since May 2012. Moreover, price growth between November and December was the steepest monthly rise ever in the history of the HBA.

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  • Steel Consumption Indonesia Rose in the First Half of 2016

    Steel Consumption Indonesia Rose in the First Half of 2016

    Steel consumption in Indonesia is expected to rise to 13-14 million tons in 2016, from 11.3 million tons in the preceding year. Growth is supported by infrastructure development in Indonesia. Data from the Southeast Asia Iron and Steel Institute (SEAISI) shows that steel consumption in Indonesia rose 11 percent year-on-year (y/y) to 6.4 million tons in the first half of 2016. In fact, many local companies are currently buying steel to fill their warehouses as the steel price tends to be highest in the January-February period.

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Latest Columns China

  • Despite High July Inflation and Trade Deficit, Indonesia's IHSG Slightly up

    As I stated before, mixed sentiments continue to influence the performance of Indonesia's main stock index (IHSG). During Thursday's trading day (01/08), the index moved sideways. News that the Federal Reserve intends to continue its bond-buying program made a good impact. However, this positive sentiment was offset by the release of Indonesia's high July inflation rate as well as the country's continued trade deficit. At the end of the day, the IHSG managed to post a gain as it received support from rising stock indices in Asia.

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  • Facing Higher Inflation: Indonesia's Stock Market under Pressure

    Last week (22-26 July 2013), Indonesia's main stock index (IHSG) ended 1.39 percent down at 4,658.87. The daily value of transactions on the regular market narrowed to an average of IDR 3 trillion (USD $300 million) from IDR 3.84 trillion in the previous week. Foreigners still recorded net sales amounting to IDR 92.9 billion (USD $9.3 million). Lack of positive sentiments, financial results of companies that were below expectation and the continued weakening of the rupiah against the US dollar resulted in the decline of the index.

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  • Indonesia Down, Europe Up and Wall Street Sideways on Wednesday

    Indonesia's Composite Index (IHSG), the main stock index of Indonesia, went back into negative territory on Wednesday (24/07) with all sectors closing in the red. Worst performing sectoral indices were construction, agriculture and the miscellaneous industry. This development was in line with the Asian region that showed mixed performances after HSBC's Chinese manufacturing PMI contracted. Stock indices in Europe and the United states, that both close hours after the IHSG ends its daily session, were more positive on Wednesday.

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  • Indonesia's Stock Index Falls amid Mixed Markets and Rupiah Concerns

    IHSG - Indonesia Stock Exchange - 24 July 2013 - Indonesian Index - Indonesia Investments

    Indonesia's main stock index (IHSG) was not able to continue yesterday's rise as investors, particularly domestic investors, engaged in profit taking. Foreign investors, who were net buyers of Indonesian assets, were not able to guide the IHSG to positive territory. Mixed Asian stock indices, responding to weak Chinese data, did not support Indonesia's index. Moreover, market participants expect that the rupiah will continue its weakening trend and have begun speculating whether the benchmark interest rate (BI rate) will be raised again.

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  • Indonesia's Benchmark Index (IHSG) Rises 1.88% on Tuesday

    Yesterday's rising indices on Wall Street, high expectations of companies' financial reports and positive statements regarding economic growth in China resulted in a good day at the Indonesia Stock Exchange (IDX). Indonesia's main stock index, the IHSG, rose 1.88 percent to 4,767.16 on Tuesday (23/07), even though technical indicators seemed to predict a weakening of the index. Also the continued fall of the Indonesian rupiah did not turn investors away from the market. In fact, foreign investors were net buyers of Indonesian stocks.

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  • Profit Taking Turns Indonesia's Stock Index Back into Negative Territory

    As I wrote before, profit taking in combination with mixed movements of global stock indices resulted in the limited movement of Indonesia's main stock index (IHSG) on Monday (22/07). The IHSG was corrected 0.96 percent to 4,678.98. All of the sectoral indices weakened, except for the plantation and mining sectors. As there were no positive news publications that would make investors buy assets, they decided to engage in profit taking after the IHSG had risen for five consecutive days.

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  • Weakening Rupiah due to Indonesia's Fundamentals and Profit Taking

    Weakening Indonesian Rupiah IDR Indonesia Investments

    The Indonesian rupiah (IDR) is experiencing one of its worst losing streaks in a decade. On Friday (19/07), the currency weakened to IDR 10,070 against the US dollar, which implies a devaluation of 4.14% in 2013 so far. The central bank of Indonesia, Bank Indonesia, does all it can to support the currency: the country's lender of last resort supplies dollars to the market triggering the reduction of foreign reserves from USD $105 million at end-May to $98 million at end-June, and raised its benchmark interest rate (BI Rate) by 50 bps to 6.50%.

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  • Asian Stock Indices Mixed but Indonesia's IHSG Continues to Rise

    IHSG - Indonesia Stock Exchange - 18 July 2013 - Indonesian Index - Indonesia Investments

    Indonesia's main stock index (IHSG) went up 0.89 percent to 4,720.44 on Thursday (18/07). The index was supported by developments in the United States. On Wednesday (17/07), Ben Bernanke spoke to the US Congress and said that the Federal Reserve is likely to continue its bond-buying program in 2013 and may gradually withdraw the quantitative easing program in 2014. But only if economic recovery of the US provides the good context. This message supported the IHSG although foreign investors continued to record a net sale.

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  • No Recovery in Palm Oil Price: Demand Weakens while Production Grows

    The recovery in global palm oil prices that seemed to have started last spring, has ended. A few months ago, optimism had colored expectations of many analysts as palm oil prices went up about 10 percent between early May and mid-June, after tumbling 30 percent in 2012 (causing that palm oil was one of the worst performing commodities in terms of price growth last year). However, the palm oil price increase earlier this year was merely the result of falling production rates in Indonesia and Malaysia, the world's largest palm oil producers.

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  • Indonesia's Main Stock Index up 1.70%, Europe and Wall Street Mixed

    IHSG - Indonesia Stock Exchange - 10 July 2013 - Indonesian Index - Indonesia Investments

    After most European and American stock indices had been positive for a couple of days in a row, Indonesia's main stock index (IHSG) finally found its way up again. On Wednesday (10/07), the index rose 1.70 percent to 4,478.64 points. Moreover, on the previous day, Asian stock indices had shown a good performance and this convinced investors to buy Indonesian assets (which have fallen considerably recently) the next day. Despite foreigners still being net sellers of Indonesian stocks, a number of big cap stocks rose sharply.

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