• GDP Indonesia Update: Economic Growth 4.71% y/y in Q1-2015

    Indonesia’s economic growth in the first quarter of 2015 was recorded at 4.71 percent (y/y). Although it had been expected that Indonesia’s GDP growth figure would slip below the five percent mark, the slowdown was worse than initially expected. Suryamin, Head of Statistics Indonesia (BPS), stated earlier today (05/05) that the country’s economic growth slowed to a five-year low on the back of weak exports (the result of reduced economic growth in export markets) and lower crude oil prices.

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  • Relisting Mitra Energi Persada on the Indonesia Stock Exchange

    After having delisted its shares from the Indonesia Stock Exchange (IDX) in 2007, Mitra Energi Persada relisted 212 billion shares (approximately 11.6 percent of the company’s equity) on the IDX on Monday (04/05). The relisting was a success. Shares of the company, traded under the ticker KOPI, rose almost 50 percent to IDR 590. Mitra Energi Persada was originally established as an e-commerce company but later shifted its business to the energy sector. The company is a trader of natural gas, coal and oil.

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  • Manufacturing Activity Indonesia Continues to Contract in April

    Although the pace is slowing, Indonesia’s manufacturing sector continued to contract in April 2015, the seventh consecutive month of declining manufacturing activity in Southeast Asia’s largest economy. Indonesia’s latest HSBC purchasing manager’s index (PMI) was 46.7, up slightly from 46.4 in March (which constituted a historic low for Indonesia). A score below 50.0 signals contraction in manufacturing activity. Primary factors that caused this contraction are continued declining export orders and continued weak domestic demand.

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  • Stocks & Rupiah Update Indonesia: Jakarta Composite Index Rebounds

    After having plummeted about 7 percent over the course of seven trading days, Indonesia’s benchmark Jakarta Composite Index rebounded directly after opening on Monday (04/05). At 10:41 am local Jakarta time, the index had surged 1.30 percent to 5,152.95 points. As Indonesian stocks are generally ‘oversold’ they have become attractive to investors. Moreover, most US and European stock indices ended higher at the end of last week hence providing more fuel for Indonesian stocks to rebound today.

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