Morning Briefing: The Latest Forex Reserves Announces by BI Today

JAKARTA (TheInsiderStories) - Good Morning! The latest foreign exchange (forex) reserves position will announces by Bank Indonesia (BI) today. Last December the reserves stood at US$192.2 billion, up from $126.6 billion in the previous month. Some important agenda for today are the coordinating minister for maritime and...

Global Economy Makes Solid Start to 2020

JAKARTA (TheInsiderStories) - The rate of global economic expansion accelerated to a ten month high in January, as growth strengthened in both the manufacturing and service sectors. With new order intakes and business optimism also improving, companies were sufficiently encouraged to raise employment for the third...

Morning Briefing: Trump Escapes from Impeachment Trial

JAKARTA (TheInsiderStories) - Good Morning! The United States (US) Senat declared President Donald Trump not guilty of two counts of impeachment submitted by the House of Representatives. Democrat party lead by Nancy Pelosi has accused Trump abusing power for personal gain and disrupting Congress' investigations...

Morning Briefing: Indonesia’s GDP Out Today, Coronavirus Spread Wider

JAKARTA (TheInsiderStories) - Good Morning! Today, Statistic Indonesia will announces the gross domestic product (GDP) of the countries in fourth quarter of 2019. In the second quarter of last year, the Southeast Asia largest economy grow 5.02 percent. Other agenda, several ministers, ceos and experts will speaks...

Morning Briefing: Indonesia Temporally Stop Import from China

JAKARTA (TheInsiderStories) - Good Morning! Indonesia' trade minister, Agus Suparmanto, said that he would temporarily stop the process of importing food and beverage products from China due to coronavirus. The limited especially on food and beverage products. In Asia, China’ financial markets shook as they reopened after an...

China’s Stock Markets Slump on Wuhan Virus Black Swan Economic Impact

JAKARTA (TheInsiderStories) - Asian stock markets were a sea of red as mainland Chinese stock markets plunged after reopening at the end of the Lunar New Year holidays. The Shanghai Stock Exchange Index fell 8.2 percent by mid-morning on Feb. 3, with the Shenzhen Composite Index...

Weekly Briefing: The Center of Attention Coronavirus and Brexit

JAKARTA (TheInsiderStories) - Good Morning! This week market still sees the Wuhan coronavirus and Brexit developments. Signs of the virus impacting business are unlikely to be seen yet in the final PMI data, with the majority of survey responses having been collected prior to Jan. 25. The...

IHS Markit: Coronavirus Fears Shake Commodities

JAKARTA (TheInsiderStories) - Commodity prices, as measured by the IHS Markit Materials Price Index (MPI), fell 1.0 percent last week in a broad-based move that saw eight of the index’s ten sub-components decline. Weak buying caused by the Lunar New Year holiday is now being...

Morning Briefing: President Instructs Evacuation of Indonesian Citizens in Hubei Province

JAKARTA (TheInsiderStories) - President Joko Widodo has instructed his ministers to immediately evacuate Indonesian citizens in the Hubei Province, China, followed the coronavirus spread around the country. While Army Chief, Hadi Tjahjanto said, his team ready to evacuate Indonesian citizens from the province. As known, the...

Indonesia Sets to Cross US$57B Card Payment Value in 2023

JAKARTA (TheInsiderStories) - Indonesia is expected to making gradual progress to reduce heavily cash-reliant, with card payments value set to increase from US$44.5 billion in 2019 to $57.1 billion in 2023, according to the recent report of GlobalData, a leading data and analytics company. GlobalData’s...

Morning Briefing: Brexit Deal Approved by the European Parliament

JAKARTA (TheInsiderStories) - Good Morning! The European Parliament gave its final approval the United Kingdom (UK) Brexit deal to take place on Friday. The withdrawal agreement was approved by the European Parliament on Wednesday evening by 621 votes in favor, 49 against and 13 abstentions. Commenting on...

Morning Briefing: FOMC Policy, Indonesia’s Investment Realization Out Today

JAKARTA (TheInsiderStories) - Good Morning! The policymakers fused in Federal Market Open Committee announces their monetary stance today. Last month, the Federal Reserves left the target range for its federal funds’ rate unchanged at 1.5-1.75 percent and sent a signaled no plans a cut in...

Escalation of Wuhan Virus Epidemic: Rising Economic Impact on the Asia-Pacific Region

JAKARTA (TheInsiderStories) - The outbreak of a SARS-like coronavirus (2019-nCoV) in Wuhan has escalated rapidly over the past week. A total of 224 cases of pneumonia caused by the new Wuhan coronavirus had been confirmed in China by Monday (01/20). Just a week later, by Jan....

Morning Briefing: Wuhan Coronavirus has an Impact to the Global Economy

JAKARTA (TheInsiderStories) - Good Morning! Today, President Joko Widodo will lead a limited meeting on micro lending and one map policy. While, the coordinating minister for human rights and culture will hold ministerial meeting on the anticipation of the Wuhan coronavirus impact to Indonesia. Minister of industry,...

Weekly Briefing: UK Leaves EU This Week

JAKARTA (TheInsiderStories) - Good Morning! This week we will sees the United Kingdom (UK) leaves the European Union is also packed with policy action from the Federal Reserves (the Fed) and the Bank of England (BoE), alongside GDP updates from major economies. Increasing market jitters are expected...

Fitch: Coronavirus’ Severity Will Frame Effect on Corps, Sovereigns

JAKARTA (TheInsiderStories) - The scale of the current Wuhan coronavirus outbreak would have to increase substantially to have a significant impact on credit ratings, says Fitch Ratings. However, under such a scenario, we would expect global corporates exposed to travel and tourism to be most at...

Morning Briefing: BI Sees Indonesia’s Economic Growth 5.1% in 2019

JAKARTA (TheInsiderStories) - Good Morning! Bank Indonesia (BI) sees Indonesia' economic growth landed at 5.1 percent during past year, supported by improvements in exports and household consumption that remains well, exports, and rising prices for some of the country' main export commodities. The number higher than government prediction...

Morning Briefing: BI, ECB Monetary Policy Out Today

JAKARTA (TheInsiderStories) - Good Morning! Indonesian central bank announces its latest monetary policy today, after hold its key rates in the last meeting. At the same day, European Central Bank (ECB) also releases their judgement on the interest rate decision. The governor, Perry Warjiyo, has stated...

Morning Briefing: BI Starts the Two-Days Meeting, Announces Tomorrow

JAKARTA (TheInsiderStories) - Good Morning! Board of governors of Bank Indonesia (BI) start their monthly meeting today to make a decision of the monetary stance. Last month, the central bank kept its benchmark rate do to the uncertainty in the global market. Some economist sees, in January'...

Wuhan Virus: Economic Risks to the Asia-Pacific Region

JAKARTA (TheInsiderStories) - The outbreak of a SARS-like coronavirus (2019-nCoV) in Wuhan is developing into a major potential economic risk to the Asia - Pacific region now that there is medical evidence of human-to-human transmission. A total of 224 cases of pneumonia caused by the new Wuhan...

Morning Briefing: Leaders Gathered in Davos, Trump become the Major Attention

JAKARTA (TheInsiderStories) - Good Morning! United States (US) President Donald Trump is due to deliver a speech at the World Economic Forum in Davos, Switzerland, on Tuesday. Starting today, global leaders will gathered at the forum with major agenda on sustainable development and youth issues. During the...

Weekly Briefing: Economic Policies to Leaders Meeting Coloring the Week

JAKARTA (TheInsiderStories) - Good Morning! This week Indonesia, Japan, and Malaysia will meet to decide on monetary policy. No policy changes are expected in Japan and Indonesia but there are some expectations of an ‘insurance’ rate cut in Malaysia amid rising external headwinds. Last year,...

Morning Briefing: US’s Senate Starts Trump Impeachment Trial

JAKARTA (TheInsiderStories) - Good Morning! Starting Thursday, the United States (US) senate start the impeachment trial of President Donald Trump. Members of the body will decide whether Trump should be removed from the office next Tuesday (01/21). Earlier, the government accountability office, a nonpartisan congressional watchdog, said...

Global Dividend Payouts to Increase 5.5% in 2020

JAKARTA (TheInsiderStories) - Total dividend payouts are expected to hit $1.9 trillion in 2020, an increase of 5.5 percent from 2019, according to a new report from business information provider IHS Markit (NYSE: INFO). In 2019, dividend payouts grew 4.5 percent from the preceding...

Morning Briefing: US’s House Sent Impeachment Letter to Senate

JAKARTA (TheInsiderStories) - Good Morning! After weeks of delay, United States (US) House of Representatives sent the impeachment charges against President Donald Trump to the Senate. At the same day, President Donald Trump signed the landmark of phase one trade deal with Chinese vice premier Liu...

Morning Briefing: Phase One Trade Deal Signs Today

JAKARTA (TheInsiderStories) - Good Morning! United States (US) President Donald Trump is slated to sign the phase one trade deal with Chinese Vice Premier Liu He today. But, according to treasury secretary, Steven Mnuchin, Washington will maintain tariffs on Chinese goods until the completion of a...

Demands for Greater Information Pose Most Significance Impact on Global PE Industry

JAKARTA (TheInsiderStories) – Private equity (PE) is facing a number of conflicting pressures nowadays with significant regulatory burden and political tension impacting fund managers’ decision-making process. It said, 71 percent of PE professionals believe demand for greater information flows is the most significant way in...

Morning Briefing: US Revokes Currency Manipulator Label from China

JAKARTA (TheInsiderStories) - Good Morning! United States (US) treasury department revoked currency manipulator label from China on Monday (01/12). The decision reversing its August finding which had roiled financial markets. The decision came as Chinese delegation arrived in Washington ahead of Wednesday' signing of a phase one...

Weekly Briefing: Key Focus on Phase One Trade Deal

JAKARTA (TheInsiderStories) - Good Morning! A key focus for this week will be the expected signing of the phase one United States (US) - China trade deal. China' vice premier Liu He will visit Washington DC starting today to Jan. 15. The two countries have exchanged blows...

Morning Briefing: Japan’s Foreign Minister Visits Indonesia

JAKARTA (TheInsiderStories) - Good Morning! Foreign minister of Japan, Toshimitsu Motegi, has scheduled to meet President of Indonesia Joko Widodo this morning. He also held various meeting with government officials, including coordinating minister for maritime and investment affairs Luhut Binsar Panjaitan and foreign minister Retno...