• Rupiah & Bonds Under Pressure Ahead of Bank Indonesia Meeting

    Indonesian assets remain under pressure as the US 10-year treasury yield rose to 3.095 percent, touching a near seven-year peak. As a result the US dollar is at a five-month high. While the US dollar rally stalled last week after the release of weaker-than-expected US inflation (April data), the greenback's performance was lifted this week on the back of strong US consumer spending figures. It is having a big impact in Asia.

    Lanjut baca ›

  • Terrorism in Indonesia: Suicide Bombings at 3 Churches & Police HQ in Surabaya & Riau

    On Sunday morning (13/05) terrorists struck three churches in Surabaya (East Java) when Sunday morning services were about to start or were ongoing. By 14:00 pm local time on Monday police confirmed 15 deaths (including the six terrorists) and 45 injured people (who are being treated in local hospitals). However, over the past hours these numbers have been rising and therefore there is a chance they will rise further in the next couple of hours as developments proceed and more information becomes available.

    Lanjut baca ›

  • Trade Balance Indonesia: $1.63 Billion Deficit in April 2018

    Based on data from Statistics Indonesia (BPS), Indonesia's trade balance showed a USD $1.63 billion deficit in April 2018. The deficit, which surprised most analysts' expectations, is the nation's biggest monthly trade deficit in four years (April 2014). While exports grew 9.0 percent year-on-year (y/y) to USD $14.47 billion, imports grew much more impressive - at a pace of 34.7 percent (y/y) - to USD $16.09 billion last month.

    Lanjut baca ›

  • Currency & Equity Markets Indonesia Under Pressure, Rate Hike Likely

    The Indonesian rupiah and benchmark Jakarta Composite Index are again under pressure on Tuesday (15/05) as the 10-year US treasury yield is again touching 3 percent, while tensions in the Middle East increase and uncertainty about US-China trade relations persist ahead of a meeting between US and Chinese officials in Washington later this week where trade talks resume. Meanwhile, crude oil prices recovered to around USD $71 per barrel, approaching a 3.5 years high, on the back of reduced supply as OPEC reported that the global oil glut has been virtually eliminated.

    Lanjut baca ›