Govt eyes untouched sectors for new micro-loan subsidies
The government is eyeing productive sectors such as agriculture, poultry and fisheries in a new move that will halve micro-loan (KUR) lending rates to stoke micro and small businesses and spur economic...
View ArticleAxiata Sees Decent Growth, With Our Emerging Markets Performing Very Well; In...
(Source: Axiata Group Bhd) > Media Release Axiata Sees Decent Growth, With Our Emerging Markets Performing Very Well; In Line With Expectations, Profitability Affected Due to Acquisition of Axis and...
View ArticleAnalysis: June CPI: Reflection of demand slowdown
Indonesia’s inflation of 0.54 percent was subdued in June, lower than our and the consensus of market expectations, a reflection of weak demand on the ground. The increase in prices of staple foods...
View ArticleAstral Foods Limited’s final results for the year ended 30 September 2013...
(Source: Astral Foods Limited) Final Results Press Release ASTRAL WITHSTANDS TOUGH TRADING CONDITIONS • Revenue increased by 4% to R8.5 billion (Sep 2012: R8.2 billion) • EPS decreased by 26% to 641...
View ArticleGlobal markets still shaky despite Fed assurance
Related articles Rand little swayed by Chinese data Gold edges up on weaker dollar Fed relief lifts Asian shares, but dollar slips LONDON — European shares were back in negative territory on Thursday,...
View ArticleJokowi Premium Vanishes From Indonesia Assets as Foreigners Exit
Joko Widodo’s honeymoon with international investors is ending as Indonesian stocks tumble and the rupiah weakens at the fastest pace in Asia. After starting his presidential term last October with...
View ArticleUPDATE 1-Hindustan Unilever sees India consumer spending weak after Q2 profit
(Adds company comment, details of results) MUMBAI Oct 27 (Reuters) - Hindustan Unilever Ltd, controlled by consumer goods giant Unilever Plc , warned India's consumer spending will remain weak as the...
View ArticleWeak rupiah puts pressure on telecom operators’ Q1 earnings
Telecommunications operators in the country have seen their finances pressured by the weak rupiah during the January-March period this year, but most are confident that the situation could be reversed...
View ArticleWidodo Plans Smaller Indonesia Fuel-Price Increase as Oil Slumps
The global oil-market slump has handed Indonesian President Joko Widodo his biggest break since taking over the world’s fourth-most populous nation. Widodo, known as Jokowi, now has more room to...
View ArticleThe week in review: Before pessimism sets in
President Joko “Jokowi” Widodo consulted 11 economists this week, seeking their opinions on the nation’s economic challenges and prospects as public pressure mounts for sweeping changes within his...
View ArticleTop Indonesian Banks’ Profits Rise Despite Tougher Conditions
By Andjarsari Paramaditha and Fathiya Dahrul on 9:29 pm October 30, 2013. Category Business, Corporate News Tags: Bank Central Asia BCA, Bank Mandiri Indonesia’s top two banks posted strong profit...
View ArticleIndonesia Funds Hold Most Cash Since June on Policy Risks
Indonesia’s top fund managers have boosted cash holdings to the highest levels in three months amid concern President Joko Widodo will fail to push through policies to revive growth in Southeast Asia’s...
View ArticleChoppy waters and tough choices ahead
Rekindling the buoyancy of the tax base is a key challenge for the new administration. The rejection by the Constitutional Court on Aug. 21 of the legal challenge to president-elect Joko “Jokowi”...
View ArticleGLOBAL MARKETS-Still shaky despite Fed assurance
* Earnings, valuations concerns dominate in Europe * Asia up as Wall St rises with Fed in no hurry to end QE * Dollar steadies after overnight fall * China's trade data not as strong as expected,...
View ArticleFinancial markets recover on Jokowi’s ‘political safari’
The latest government bonds auction was four times oversubscribed, while the Jakarta Composite Index (JCI) recovered from its three-month low, as political lobbying from president-elect Joko “Jokowi”...
View ArticleUS dollar creeps higher
London - The dollar was on its strongest run since late October on Monday as the momentum of last week's stellar US jobs data carried markets towards what will be a crucial earnings season for record...
View ArticleDollar creeps higher as equities prepare for earnings
LONDON (Reuters) - The dollar was on its strongest run since late October on Monday as the momentum of last week's stellar U.S. jobs data carried markets towards what will be a crucial earnings season...
View ArticleWidodo Seeks to Defuse Fuel Price Protests With Budget Benefits
Indonesian President Joko Widodo’s ability to weather opposition to higher fuel prices hinges on convincing the public that billions of dollars in savings will be spent to improve their lives. Widodo,...
View ArticleGLOBAL MARKETS-Dollar creeps higher as equities prepare for earnings
* Dollar at 1-week high after strong U.S. jobs data * U.S. short-term yields near 10-month high * European shares edge slightly lower * Earnings in focus, investors see decent profit growth By Marc...
View ArticleMarket greets Jokowi as rupiah, stocks rally
Indonesia’s new President, Joko “Jokowi” Widodo, received a warm welcome from the financial market as local stocks, bonds and the rupiah all strengthened on the day of his inauguration over...
View ArticleIndonesian Stocks Advance to Record Amid Bank Earnings Optimism
Indonesian stocks gained for a third day to a record as optimism over earnings growth at some banks overshadowed concerns about accelerating inflation. PT Bank Rakyat Indonesia (BBRI), the country’s...
View ArticleEditorial: The slowdown and the jitters
The slower-than-expected pace of reform, persistently weak exports, the absence of policy coherence, a weak economic team and the jitters among portfolio investors over the upcoming monetary-tightening...
View ArticleIndonesia Rally on Fuel Masks Dim Profit Outlook: Southeast Asia
Indonesia’s biggest stock market rally since 2010 is losing support from corporate earnings as they trail estimates by the most in two years and analysts reduce projections for next year. While the...
View ArticleMarkets give the cold shoulder to new Cabinet
The stock market ended in the red and the rupiah weakened on Monday on apparently negative political sentiment, as investors remained unconvinced by President Joko “Jokowi” Widodo’s Cabinet...
View Article1Q13 results: The good, the bad & the ugly
The first quarter of 2013 (1Q13) result season is already upon us given that five companies (Bank Danamon (BDMN), Bank Tabungan (BBTN), Bank Jabar Banten (BBJR), Bukit Asam (PTBA) and Astra Agro...
View ArticleWidodo Measures Sink Cement Stocks With Banks Seen Next at Risk
(Bloomberg) -- When vote counts in Indonesia’s July presidential election showed Joko Widodo heading for victory, shares of the country’s two biggest cement producers jumped to one-year highs. What...
View ArticleIndonesia Stocks, Rupiah Hurt by Police Row With Anti-Graft Body
Indonesian shares fell the most in Asia and the rupiah snapped a four-day gaining streak on concern a dispute between the police and the anti-corruption agency will jeopardize President Joko Widodo’s...
View ArticleIndonesia Pension Fund Says Stocks to Extend Gains on Fuel Price
Indonesian equities will probably extend this year’s rally after the government raised subsidized fuel prices to free up funds for infrastructure development, according to the country’s state pension...
View ArticleAnalysis: Lower index target, weak Q2 2015 results preview
After the dust has settled post the lower-than-expected results in the first quarter, 2015 (Q1 2015) , we have cut our overall 2015 forecast for earnings per share (EPS) growth from 11.6 percent at the...
View ArticleAnalysis: June trade update: Improved performance
June’s higher oil and gas exports received support from crude oil export volumes, which rose 10 percent month-on-month (mm), with processed oil up 12.8 percent and gas up 7.1 percent. This was despite...
View ArticleHeineken beats expectations despite African weak spots
BRUSSELS (Reuters) - Heineken NV (HEIN.AS), the world's third largest brewer, reported higher first-half results than markets expected as it increased profit in all regions except Africa and maintained...
View ArticleAnalysis: Equity market: Scarcity of growth
Given the current weak operating environment for most corporations, the equity market is experiencing a scarcity of growth. With that said, equity investors will be focusing on earnings growth to...
View ArticleSMGR net profits drop 20% in first half
Publicly listed state cement giant Semen Indonesia (SMGR) saw its net profit contract 20.63 percent year-on-year (yoy) to Rp 2.18 trillion (US$161.5 million) in the first semester of this year on weak...
View ArticleIndonesia Bonds Surge as Rupiah, Stocks Gain Before Inauguration
The yield on Indonesia’s 10-year bonds fell the most in eight months and the rupiah and stocks advanced before Joko Widodo was set to be sworn in as president. Widodo, who will join a parade to the...
View ArticleNews Analysis: Philippine economy slows down to 5.2 percent in Q1
by Alito L. Malinao MANILA, May 28 (Xinhua) -- The Philippine economy, one of the fastest growing in the region, grew by only 5.2 percent in the first quarter of this year, the country's lowest in...
View ArticleWidodo Reaches for Indonesia Reboot as Currency Pressure Mounts
Indonesian President Joko Widodo is rebooting. The president, known as Jokowi, revamped his economic team in a cabinet reshuffle on Wednesday as China’s currency devaluation spurred further declines in...
View ArticleSemen’s profit may drop 2% as margin squeezed
State-run cement giant Semen Indonesia expects its net profit to drop throughout this year as slowing demand and rising costs put pressure on the company’s margin. Semen Indonesia president director...
View ArticleUnilever hit by weak European markets and disappointing ice cream sales
Maker of Ben & Jerry's and Magnum fails to meet analyst expectations after cold weather...
View ArticleJokowi toying with price controls: How long can it go?
While the shockwave from a government intervention into the price of cement in mid-January has yet to abate, recent signs have emerged about the penchant of President Joko “Jokowi” Widodo to resort to...
View ArticleAnalysis: May trade figures: Unexciting surplus
Worse than market estimates, May exports declined 15.24 percent year-on-year (yoy) and 4.11 percent month-on-month (mom) to US$12.6 billion. This followed a decline of 8.32 percent yoy for April,...
View ArticleAre Jokowi and his Cabinet ready for the impending crisis?
The signs have been familiar and are reminiscent of the financial meltdowns Indonesia went through in 1998 during the Asian financial crisis and in 2008 during the US subprime loan crisis. President...
View ArticlePresident Jokowi’s long and winding road to economic reform
As the era of the commodity boom has ended and the Indonesian economy is stuck in sluggish growth and the question of “What’s next?” arises, President Joko “Jokowi” Widodo has tried to answer through...
View ArticleAnalysis: Stimulating the economy through an effective policy package
In the midst of a complex set of challenges facing the Indonesian economy, both on the external and domestic fronts, Bank Indonesia and the government have shown a commitment to strengthening their...
View ArticleAnalysis: Low inflation favourable for rupiah
Beating our expectation of 0.10 percent month-on-month (mom) and the market expectation of 0.16 percent mom, Indonesia’s consumer price index (CPI) dropped by 0.05 percent mom, or rose 6.83 percent...
View ArticleJokowi plays down global risks
Undeterred by rising external risks, President Joko “Jokowi” Widodo unveiled on Friday an expansionary 2016 state budget proposal as he based his growth-minded economic agenda on the large-scale...
View ArticleWanted: A down-to-earth economic policy package
Less is more. We’ve heard the phrase said and it is the case with economic stimulus packages. The second package announced by the government on Sept. 29 included a smaller number of measures, but more...
View ArticleAnalysis: Poultry sector: Bottoming out
The Indonesian Breeder Association (GPPU) estimates a final total stock of 3.3 billion day-old chick (DOC) broilers this year, while the domestic demand is only 2.44 billion, or equal to an oversupply...
View ArticleAnalysis: Indonesian Economy: Where do we go from here?
The Indonesian economy, as widely expected, decelerated to 4.67 percent in the second quarter this year, dragging first semester growth down to only 4.69 percent. The first semester growth figure was...
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