Below is a list with tagged columns and company profiles.

Today's Headlines Yen

  • Indonesian Rupiah Exchange Rate Update: Why is it Depreciating Today?

    Indonesia’s rupiah exchange rate weakened on Friday’s trading day (30/01) in line with the performance of several other Asian currencies. South Korea’s won fell on strengthening expectations of an interest rate cut and Japan’s yen declined on the slowdown of government bond sales. For market participants these were reasons to purchase US dollars at the expense of the rupiah. Indonesia’s currency had depreciated 0.41 percent to IDR 12,633 per US dollar based on the Bloomberg Dollar Index at 2:35 pm local Jakarta time.

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  • Greek Legislative Election Drags down Indonesian Stocks & Currency

    Indonesian stocks and rupiah exchange rate weakened significantly at the start of the new week amid profit taking and political uncertainties in the Eurozone as Greece’s anti austerity party Syriza posts a clear victory in the country’s legislative election (although failing to obtain an absolute majority). The benchmark stock index of Indonesia fell 1.90 percent in the first trading session on Monday (26/01), while the rupiah had depreciated 0.60 percent to IDR 12,534 per US dollar at noon (Bloomberg Dollar Index).

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  • Global Risk Aversion: Indonesian Stocks & Rupiah Hit by Sell-Off in Asia

    Troubles continued on Tuesday (16/12) for emerging markets. Currencies and stocks in the Asia-Pacific were mostly down amid a significant interest rate hike by Russia’s central bank, falling oil prices, and expected weakening of China’s manufacturing activity. Indonesian stocks were down 1.81 percent to 5,014.53 points by 11:20 am local Jakarta time, while the rupiah had depreciated 0.88 percent to 12,825 per US dollar by the same time according to the Bloomberg Dollar Index.

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  • Central Banks Cause Great Volatility; Indonesian Rupiah at 6-Year Low

    Based on the Bloomberg Dollar Index, Indonesia’s rupiah exchange rate depreciated 0.24 percent to IDR 12,301 per US dollar on Wednesday (03/12), the weakest level of Indonesia’s currency in almost six years, as the US dollar rallied, pushing Japan’s yen to a seven-year low, Malaysia’s ringgit to a five-year low, while the Russian ruble experienced record falls. Meanwhile, the euro touched a two-year low amid the sluggish economic growth forecast in the Eurozone. Policies of central banks across the globe have led to significant currency volatility.

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  • Indonesian Finance Ministry Announces Samurai Bonds Issuance in Q4-2014

    According to Indonesian Finance Ministry’s State Bond Director Loto Srinaita Ginting, the government of Indonesia intends to issue more than USD $500 million worth of samurai bonds in the fourth quarter of 2014. Samurai bonds are yen-denominated bonds. However, Ginting provided no further details about the bonds issuance. The Finance Ministry also plans to issue IDR 20 trillion (USD $1.7 billion) worth of domestic retail bonds in September 2014 (but these bonds are only available to Indonesians).

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  • Indonesian Government May Issue its First Ever Euro Bonds in 2014

    In anticipation of tighter US dollar supplies, the government of Indonesia is considering the issuance of euro-denominated bonds in 2014. This would be the first time for the government to issue bonds in the currency. Robert Pakpahan, head of the debt office within Indonesia's Finance Ministry, said that they are discussing both euro- and yen-denominated sovereign bonds, equivalent to USD $6 billion. The bonds will be used to cover the country's budget deficit, which is set at 1.69 percent of GDP or IDR 175.4 trillion (USD $15.5 billion) in 2014.

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  • Bank Indonesia: Indonesia's External Debt Growth Slowing in August 2013

    Indonesia’s foreign debt was recorded at USD $257.30 billion in August 2013, a 0.9 decrease compared to foreign debt in July 2013 (USD $259.61 billion). On an annual basis (yoy), foreign debt growth in August was 6.6 percent, thus slowing compared to July’s growth of 7.4 percent (yoy). The central bank of Indonesia (Bank Indonesia) considers that the slowing growth in the country's foreign debt is in line with the slowing growth of the domestic economy. Indonesia's GDP growth forecast has been revised down to below the six percent mark.

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  • Growth of Indonesia's Foreign Debt Slows Down Conform Economic Trend

    Growth of Indonesia's foreign debt has slowed down in July 2013 according to data from Indonesia's central bank (Bank Indonesia). Total foreign debt in July 2013 stood at USD $259.54 billion, a 7.3 percent increase compared to the same month in 2012. In June 2013, the year on year growth had been 8 percent. Bank Indonesia stated that it considers Indonesia's current foreign debt situation - both in the private and public sector - as healthy. Growth has slowed down as a consequence of the slowing national economy.

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  • Promising Data from China and Japan Support Indonesia's Exports

    Exports of China in August 2013 surpassed expectations and provides hope that the world's second largest economy is resuming its admirable growth. Overseas shipments were reported to have grown 7.2 percent year-on-year, while analysts expected a 5.5 percent growth rate. In July, China's exports had already recorded a 5.1 percent growth compared to the same month in 2012. On the other hand, imports in China grew slower than had been forecast at 7 percent (YoY). The country's trade surplus reached over USD $28 billion.

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  • IMF: Asia's Economic Growth Promising but Dangers Lurk in 2013

    Although the International Monetary Fund (IMF) retains its positive outlook regarding Asia's economic growth for the foreseeable future, the institution warns that the enormous influx of foreign capital in recent years can result in a new bubble due to excessive growth in lending and property prices. Despite these concerns, the IMF expects Asia to grow 5.75 percent in 2013 and calls Asia the leader of global economic recovery, followed by the US and, lastly, Europe.

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Latest Columns Yen

  • A Small Gain for the Indonesia Stock Exchange Amid mixed markets

    Although the Indonesia Stock Exchange (IHSG) was moving in the red zone for a while during today's trading day, in the end it recorded a small gain. Most other Asian stock indices, except for Hong Kong's Hang Seng and Shanghai, went up as well. High expectations about continued IHSG-growth, strong corporate results of companies, and continued robust foreign demand for Indonesian stocks pushed the index up.

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  • Economic Minister Hatta Rajasa Says Government Won't Join a Currency War

    Recent concerns about a global currency war, which is considered to threaten worldwide economic and financial stability, has prompted Indonesia's Economic minister Hatta Rajasa to ensure that Indonesia will not participate in such a tactic. The Central Bank of Indonesia (Bank Indonesia) has in fact been selling US dollars to support the IDR rupiah, which has been under growing pressure lately due to Indonesia's current account deficit and the risk of capital outflows.

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  • Most Asian Stock Markets Rise Ahead of Valentine's Day

    The upward movement of American and European stock indices yesterday, brought on due to positive internal sentiments in both regions, provided good support for Asian stock markets today. Apart from foreign influences, Asian stock markets were also supported by company reports that showed good corporate results in 2012. As such, the Indonesia Stock Exchange (IHSG) also joined the green wave of Asian stock markets, and set a new record high.

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