Friday, August 23, 2019
JAKARTA (TheInsiderStories) - Good Morning! An increasing uncertainty over the outlook of United States (US) monetary policy and heightened fears of potential economic recessions rattled financial markets around the world in this week. While, August PMI numbers for the US, Eurozone, Australia and Japan are released. All the data will be useful...
JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo will deliver his speech on the country direction in 2020 at the People's Consultative Assembly and House of Representatives. As he promised, the Indonesian leader also will announce the new capital city of the country. Last month, the government and parliament has set the...
JAKARTA (TheInsiderStories) - Good Morning! Statistic Indonesia will announce the latest export import data in July of 2019. Last month, the country’ trade surplus narrowed to US$200 million from a $1.71 billion in the same month in 2018, as exports fell 8.98 percent in annual basis and imports rose 2.80...
JAKARTA (TheInsiderStories) - Good Morning! Concern over President Mauicio Macri' future hit the Argentina’ financial markets, sending the Peso dropped 4.29 percent to US$55.9 and S&P Merval Index plunging 48 percent in dollar terms. Peso closed weaker again following a second day of market turmoil triggered by opposition candidate...
JAKARTA (TheInsiderStories) - Good Morning! Indonesian president Joko Widodo wants diesel with 30 percent bio-content (B30), to be in use by January 2020 to rise palm oil consumption and reduce fuel imports. Indonesia currently has a mandatory B20 program and its expecting save US$5.5 billion dollar per year in fuel imports. According...
JAKARTA (TheInsiderStories) - Good Morning! This week various economic data around the globe to be notice by investors and will affect the financial markets. On Thursday, Statistic Indonesia will announce export import data, debt exposure and residential property price survey From the global, industrial production in the United States (US), China and...
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) will release Balance of Payment (BoP) data in the second of quarter of 2019 today. Last quarter the BoP stood at US$2.4 billion and the current account deficit (CAD) of $7 billion or 2.6 percent of gross domestic products (GDP). Starting today, Indonesian President Joko...
JAKARTA (TheInsiderStories) - People's Bank of China has devalued the Renminbi become weaker than RMB7 against the US Dollar for the first time since the global financial crisis. This should be viewed as a warning shot to United States' President Donald Trump administration and not a fundamental change in China’ currency...
JAKARTA (TheInsiderStories) - Starting today, Indonesian President Joko Widodo will make a visit to Malaysia and Singapore. The leaders is estimating will discuss various issues around the region, especially on haze problem. On Monday, Widodo has ordered all government officials not to making strategic decisions until October 2019. As an example State Own...
JAKARTA (TheInsiderStories) - Indonesian central bank will announce the foreign exchange (forex) reserves data today. Last month, the forex reserves recorded worth of US$123.8 billion, up 2.9 percent compared to May, 2019 which amounted to $120.3 billion. At the same day, the new senior deputy governor Destry Damayanti will inaugurate to...
Indonesian Digital Banking will Grow Rapidly in Coming Years
JAKARTA (TheInsiderStories) - Most of financial market in the world plummeted after China struck back United States (US) President Donald Trump' threatened to impose another 10 percent tariffs for US$300 Chinese goods on September. Demand for haven assets spiked on concern the conflict between the world’ two biggest economies will...
JAKARTA (TheInsiderStories) - This afternoon, Statistic Indonesia will announce the realization of economic growth in the second quarter (2Q) of 2019. In the previous quarter the country' economy grow 0.52 percent and in annual basis at 5.07 percent. On Tuesday (08/06), Bank Indonesia (BI) release the Consumer Survey for July 2019....
JAKARTA (TheInsiderStories) - Good morning! United States (US) President Donald Trump again will impose 10 percent tariffs for US$300 Chinese goods on September. The announcement immediately shook the financial markets, sending the yield on the 10-year Treasury note to its lowest level since 2016 and pushing down stock prices. Trump' threat comes after...
JAKARTA (TheInsiderStories) - As we expected the Federal Open Market Committee (FOMC) lowered the target for the federal funds rate of a quarter point to a range of 2 percent to 2.25 percent. It was the US central bank’ first rate cut in a decade. Chairman of the Fed Jerome Powell also...
JAKARTA (TheInsiderStories) – Good morning! Statistic Indonesia will announce July' inflation rate today. In June, the agency recorded inflation 0.55 percent from prior month at 0.68 percent. For a calendar year the inflation recorded 2.05 percent an annual inflation was 3.28 percent. At the bilateral meeting with Minister of Foreign Affairs of...
JAKARTA (The InsiderStories) - Good Morning! Today at 2.30 pm Eastern Time, United States (US) Federal Open Committee Meeting will announce its decision on the monetary policy. Markets are expecting an interest rate cut of 25 basis points (bps) at their 31st July meeting. In December 2018, the Fed Funds Rate rose...
JAKARTA (TheInsiderStories) – Good morning! Indonesian Coordinating Investment Board will announce the realization investment for second quarter (2Q) of 2019. In the 1Q of this year, the realization recorded Rp195 trillion (US$13.93 billion), up 5.3 per cent rise compared to 1Q 2018 of Rp185.3 trillion. In the series of seducing...
JAKARTA (TheInsiderStories) - Last week, the world was preoccupied with the election of new Prime Ministers in Britain, Iran' nuclear tensions to trade warming on the Korean Peninsula. This week, a full diary for central bank meetings in the United States (US), United Kingdom (UK) and Japan plus key data releases such...
JAKARTA (TheInsiderStories) – Good morning! President of European Central Banks (ECB) Mario Draghi has hinted that the central bank will cut rates in September. The statement out after the Governing Council decided that interest rates remain unchanged and expects the ECB' main interest rates stay at their current or lower...
JAKARTA (TheInsiderStories) – Good morning! As an effort to rein the tension between United States (US) and China, Trade Representative Robert Lighthizer are heading to Shanghai for a two-days meeting starting Tuesday (07/30). Treasury Secretary Steve Mnuchin expressed his optimism about next week’ trade talks with China. According to him, there are...
JAKARTA (TheInsiderStories) - The South Korean economy has been hit by a perfect storm of economic headwinds during 2019, including the United States (US) - China trade war, a sharp downturn in global electronics new orders, and the recent escalation in trade frictions with Japan. Both South Korea and Singapore have recorded...
JAKARTA (TheInsiderStories) – Good morning! Gerindra Party chairperson Prabowo Subianto are planned to meet Demokrasi Indonesia Perjuangan Party (PDi-P) chairwoman Megawati Soekarnoputri today, after his first meeting with Indonesian President Joko Widodo on July 15. The meeting became important as part of the reconciliation efforts between the two elites. While, Widodo is...
JAKARTA (TheInsiderStories) – Good morning! Responding to China' import duty policy on Indonesian stainless steel products, Minister of Industry Airlangga Hartarto commented that the government will review it and will take action to respond it. Starting today, the second largest economy impose anti-dumping duties to Indonesia, European Union (EU), Japan, and South...
JAKARTA (TheInsiderStories) – Good morning! This week, investors will direct their attention to Indonesian investment data from the Investment Coordinating Board. With certainty after the 2019 election, the value of Foreign Direct Investment (FDI) in the second quarter of 2019 will improve. As for the first quarter, realization investment Rp 195...
JAKARTA (TheInsiderStories) – Good morning! Bank Indonesia sees the room is still open to lowering its benchmark rate again in this year, after cut seven days repo rate 25 basis point yesterday (07/18). The central bank' first cut since September 2017, may just be the beginning of an easing cycle...
JAKARTA (TheInsiderStories) - The escalating trade tensions between Japan and South Korea have added downside risks for the APAC trade outlook, even as the US-China trade war and downturn in global electronics sector new orders have hit East Asian exports already. The tensions between the two countries are intensifying after Prime Minister Sinzo...
JAKARTA (TheInsiderStories) – Good morning! Indonesian central bank (BI) meeting today to take position on its monetary stance. On June 20, the Bank maintained a benchmark rate at 6 percent to ensure the availability of liquidity in the money market. Some analysts expecting the central bank to cut its benchmark rate...
JAKARTA (TheInsiderStories) – Good morning! Ministry of Finance (MoF) reported in the firs half (1H) of 2019, Indonesia' 2019 State Budget deficit worth of Rp136 trillion (US$9.7 billion), rose 22.5 percent from the same period in 2018 at Rp111 trillion. Is equivalent 0.84 percent of gross domestic products, higher...
JAKARTA (TheInsiderStories) – Good morning! China' second-quarter economic growth only grow 6.2 percent, slower than the first quarter of 6.4 percent, as domestic and foreign demand declined in the face of a bruising trade war with the United States (US), the National Bureau of Statistics said on Monday (07/15). This slowdown...
JAKARTA (TheInsiderStories) – Good Morning! After being anticipated to be reunited post-election, finally President-elected Joko Widodo and former presidential candidate Prabowo Subianto met on Saturday (07/13). However, former vice-presidential candidate Sandiaga Salahuddin Uno stated firmly to remain in the opposition line to control the running of the government. While, in...

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