Markets and Finance
Analyst expounds trading halt phenomenon at IDX, IHSG Crash on Tuesday
The Indonesia Stock Exchange (IDX) temporarily halted trading on Tuesday, March 18, 2025, at 11:19:31 Jakarta time after the IHSG fell 5 percent.
OECD sees Indonesia's economic growth projection down to 4.9 percent
The Organisation for Economic Cooperation and Development (OECD) has cut its projection for Indonesia's economic growth this year from 5.2 percent to 4.9 percent, while next year's projection is predicted to lower from 5.1 percent to 5 percent.
I am here, and will not resign: Sri Mulyani
Minister of Finance, Sri Mulyani Indrawati, has confirmed that she is not resigning from her position, a response to rumors circulating on social media after Sri Mulyani met with President Prabowo Subianto at the State Palace on Wednesday, March 12, 2025.
Free lunch program benefits Chinese manufacturing industry: Businessman
The Indonesian government's free nutritious meal program is reportedly benefiting the Chinese manufacturing industry as most of the dining utensils are imported from China, according to a local business source.
I Squared Capital, Macquarie vie for US$1 B stake in Indosat's fiber optic business
I Squared Capital and Macquarie, a global asset manager, are said to be competing to acquire a stake in the fiber optic business of PT Indosat (ISAT) or Indosat Ooredoo Hutchinson (IOH), which is estimated to be worth up to US$1 billion (Rp16.43 trillion).
Unstable data delays January 2025 State Budget performance revelation
The Ministry of Finance has eventually revealed the performance of the January 2025 State Budget (APBN) after postponing it for a month.
February 2025 State Budget deficit reaches Rp31.2 T, revenue drops by 20 percent
The Ministry of Finance noted that the State Budget (APBN) deficit in February 2025 reached Rp31.2 trillion (US$1,9 billion) or equivalent to 0.13 percent of Gross Domestic Product (GDP), wider than the January 2025 deficit which was recorded at Rp23.5 trillion (US$1,4 billion) or 0.10 percent of GDP.
Fitch warns of financial risks of Danantara as govt stresses strategic investment
Fitch Ratings has highlighted the risk of the establishment of the Daya Anagata Nusantara Investment Management Agency (BPI Nusantara/ Danantara) to state finances, suggesting that Danantara's investment strategy is unclear.
Goldman Sachs downgrades Indonesian Stocks, fiscal risk in the spotlight
Goldman Sachs, an American multinational investment bank, has downgraded Indonesia's stock rating from overweight to market weight amidst a downgrade of the 10- to 20-year government bonds from the market's favorite position to neutral. The downgrade was driven by increasing fiscal risks in Indonesia.
BI reports decline in net liabilities as foreign assets grow in 2024
The Indonesian Central Bank (BI) reported that Indonesia's international investment position net liabilities throughout 2024 decreased compared to previous years, driven by an increase in foreign financial assets (AFLN) which was higher than foreign financial liabilities (KFLN).
Green electricity exports to Singapore could generate US$4.2 B annually: IEEFA
Indonesia's plan to export renewable electricity to Singapore is expected to generate up to $4.2 billion in annual foreign exchange earnings, along with $210 million to $600 million in income tax revenue, while also strengthening the country's energy transition, a report by the Institute for Energy Economics and Financial Analysis (IEEFA) says.
MIND ID says downstreaming a solution to reduce raw material imports
Indonesia’s state-owned mining holding company, MIND ID, is confient that downstreaming is an answer to the country’s reliance on imported industrial raw materials.