Indonesia Investments Releases October 2024 Report: 'Eight President of Indonesia'
On Tuesday 5 November 2024 Indonesia Investments released the October 2024 edition of its monthly report, titled: "Eight President of Indonesia Enters Office – the Transition in Focus". It presents analyses of political, economic and social matters that were relevant in Indonesian society in October 2024.
What do we discuss in this October 2024 edition?
As the title suggests, we devote a lot of attention in the report to the arrival of the new President (Prabowo Subianto) and the new cabinet that will impose new plans and programs to push the country foreward. As we have noted before, it is unlikely to become a sudden break with the Joko Widodo administration. However, there will be some changes in priority programs (for example, less focus on infrastructure development).
Another interesting topic presented in the report is the bankruptcy of (listed) Indonesian textile giant Sri Rejeki Isman. Over the past year, we have occasionally mentioned that the textile industry of Indonesia has been in stormy weather, reflected in the amount of layoffs we are seeing in this industry in recent years. This bankruptcy should now really make policy-makers aware that regulations need to be more conducive in order to allow a thriving domestic textile industry.
As usual, we devote various articles on macroeconomic indicators of Indonesia in order to assess the current state of the Indonesian economy, including retail sales, consumer confidence, manufacturing, trade, credit growth, rupiah rate, monetary policy, and car sales. Overall, we are optimistic that Indonesia can post economic growth between 5.0 and 5.1 percent (y/y) in the third quarter of 2024.
One particularly interesting article discusses Indonesian inflation. In October 2024 Indonesia finally saw monthly inflation again (after five consecutive months of monthly deflation) as food prices rose.
For a full list of topics discussed, you can take a look at the table of contents in the link below.
For information about buying the October 2024 edition of our monthly report (an electronic report, PDF) -or to subscribe for a longer period- you can contact us through email and/or WhatsApp:
- info@indonesia-investments.com
- +62(0)882.9875.1125
Price of this report:
Rp 100,000 (or equivalent in other currencies)
Take a glance inside the report here!
