26 C
Jakarta
Tuesday, August 21, 2018
JAKARTA (TheInsiderStories) - National Police Deputy Chief Comissioner General Syafruddin has officially led the Administrative and Bureaucratic Ministry as he was inaugurated by President Joko Widodo at the State Palace on Wednesday (15/08). Syafruddin has replaced Amanat Nasional Party politician Asman Abnur, who resigned from the Working Cabinet on Tuesday after his...
JAKARTA (TheInsiderStories) - Good morning. The government had taken bold steps to address Indonesia’s persistent current account deficit (CAD), which continues to underwhelm the economy and a source of weakness and volatility for the rupiah. Of all the four measures announced by Finance Minister Sri Mulyani Indrawati on Tuesday (14/08), the plan to...
JAKARTA (TheInsiderStories) - Good Morning. Indonesia’s financial market may see volatility for a moment as panics over the ongoing financial crisis in Turkey spread to emerging markets assets. The Jakarta Composite Index fell 3.29 per cent to 5,877.52, making it as the worst performer in Asia Pacific. The rupiah dropped to 14,583...
JAKARTA (TheInsiderStories) - Indonesia’ current account deficit widen to 3 percent of gross domestic product (GDP) or US$8.0 billion in second quarter (Q2) of 2018 inline with rising domestic economic activities, Bank Indonesia (BI) reported on August 10. But, during January to June, the CAD was still within the safe threshold...
JAKARTA (TheInsiderStories) - Is Turkey entered the financial crisis? As we know on Friday (10/08) the Turkish Lira plunged drastically in recent weeks as its deteriorating relations with the United States (U.S) exacerbated the weak confidence on the economy. There’s a risk that the currency meltdown may spread to the Eurozone,...
JAKARTA (TheInsiderStories) - Good morning. The declaration of two Presidential candidates and their pairs last week is expected to clear a lot uncertainties for market participants. The incumbent President Joko Widodo had announced he will pair with popular cleric Ma’ruf Amin. While his challenger is Prabowo Subianto, the founder of Gerindra Party,...
JAKARTA (TheInsiderStories) - Good moring. Thursday was quite an eventful day and President Joko Widodo shows once again why he is a formidable politician by picking the influential cleric Ma’ruf Amin as his pair in the next 2019 Presidential Election. Any presidential hopefuls must register to the Election Commission today. Initially, Widodo appeared...
JAKARTA (TheInsiderStories) - Good Morning. Disagreements among the opposition camp grew and the recently joined Demokrat Party may soon opt out of the already fragile political alliance. It all started when former President Susilo Bambang Yudhoyono or SBY announced that his party will stand with the opposition in the next presidential election. The...
JAKARTA (TheInsiderStories) - Good Morning. Expect politics to dominate the news streams in the next few days as lobbying for the Vice President seat is intensifying as deadline to register for 2019 Presidential Election nears. The opposition may encounter more difficulties than the ruling coalition. On Tuesday (07/08), Prabowo Subianto, the presumed...
JAKARTA (TheInsiderStories) - The United State (U.S) - China dispute over trade and technology transfers continues to escalate, a credit negative for Chinese companies, said Moody's Rating Services on Tuesday (07/08). As the U.S expands its list of Chinese products subject to tariffs, a growing number of rated Chinese companies...

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