Stock Market / Finance in Indonesia
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INDONESIA, 2016/01/11
The Jakarta Composite Index (JCI) slid 30.8 points to 4,515.5 at Monday’s opening and declined a further 63 points, or 1.4 %, to 4,482.86 by 10:30 a.m. Meanwhile, the rupiah tumbled in the spot market to Rp 13,926 per US dollar.
Market analyst at Bank Mandiri Rully Arya Wisnubroto predicted that the strengthening greenback on Monday would apply pressure to the market, as speculation rose about good economic indicators any minute at this time to be released in the US.
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INDONESIA, 2015/11/24
Following recent fictitious trading allegations, Reliance Securities, a listed brokerage firm, is currently in negotiations to settle a dispute involving Rp 101 billion ($7 million), which the firm was entrusted to purchase a stake in listed coal miner Sekawan Intipratama.
In a statement issued to the local stock exchange on Monday, the Jakarta-based broker reported that negotiations were underway with six other securities firms, inclunding Yuanta Securities Indonesia and Trust Securities, which both subpoenaed Reliance Securities.
"We're still in the negotiating process with Yuanta Securities. We hope this will be settled as any minute at this time as possible," the statement said.
The broker, a unit of the Reliance Group, which as well received a subpoena from Trust Securities involving some Rp 10 billion worth of transactions, was revoked by the company and settled.
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INDONESIA, 2013/08/30
Indonesia's central bank decided to hike its key interest rate by half a % point in an unscheduled move to stabilize the second worst performing currency in Asia.
Bank Indonesia on Thursday raised its benchmark interest rate to 7.00 % from 6.50 %. The rate was increased by a cumulative 125 basis points since June this year.
The central bank as well lifted its deposit facility rate by 50 basis points to 5.25 % and its lending facility rate by 25 bps to 7 %.
Gareth Leather, economist at Capital Economics, said the outlook for monetary policy depends largely on what happens to the currency. Leather believes the current bout of currency volatility will prove short-lived and that a prolonged reversal of capital flows is unlikely.
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INDONESIA, 2013/06/24
The unexpected 25 basis point hike was the second time the central bank has changed monetary policy in a few days as it seeks to shore up the ailing Indonesian currency which fell to a four-year low this week. The slide of the rupiah mirrors falls in currencies of other developing economies, as foreign investors exit emerging markets due to expectations that huge stimulus schemes in the developed world will any minute at this time end.
Indonesia hiked its key interest rate to 6 % Thursday, the initial change in over a year as it seeks to boost confidence in the under-pressure rupiah and chief off an expected rise in inflation.
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INDONESIA, 2013/04/29
Indonesian inflation accelerated to 5.90 % year-on-year in March, surpassing the upper limit of the central bank's target range due to an increase in food prices, official data showed Monday. The rise in the consumer price index was well above the bank's target range of 3.5 to 5.5 % for this year, and quicker than the 5.31 % recorded in February.
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INDONESIA, 2013/01/13
Indonesia's central bank on Tuesday held its key interest rate at 5.75 % for the 10th straight month as inflation remained in check in Southeast Asia's major economy.
Inflation in November eased to 4.32 % year-on-year compared to 4.61 % in October due to falling food prices.
The bank estimate inflation would be below 4.5 % at the end of the year and that in 2013 and 2014, it would be remain under control at between 3.5 % and 5.5 %.
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INDONESIA, 2012/10/16
The Indonesia stock market has closed higher now in three straight sessions, collecting extra than 30 points of 0.8 % along the way. The Jakarta Composite Index finished just below the 4,315-point plateau, and now traders are expecting to see the market extend its gains when it kicks off trade on Tuesday.
The world estimate for the Asian markets is positive following better than expected economic data from the United States as retail sales increased 1.1 % in September following a revised 1.2 % increase in August. As well, the New York
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INDONESIA, 2011/02/08
DEC 2010/ GDP increase rose to 5.8% in 2010 Q3 from 6.2% in the second quarter, increase slowed prime time since the second quarter 2009, reflecting the softest in the world trade, disruption of unusually heavy rains and lower retail during Ramadan. But like a lot of of the slowdown was temporary until these factors, we expect increase resumed in Q4, resulting from expansion of 5.9% for 2010 as a whole.
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INDONESIA, 2011/02/04
“It has been a immense happiness for me to make my prime visit to Indonesia as Managing Director of the IMF. I desire to thank President Susilo Bambang Yudhoyono and the economic team for their warm hospitality. I as well had the privilege of having precious discussions with Governor Darmin Nasution of Bank Indonesia.
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INDONESIA, 2010/11/30
The Jakarta Composite Index on Friday dropped 2.1 %, its biggest decline since Aug. 3, mirroring falls in world markets on concerns China may boost interest rates to contain inflation.
The JCI slid 78.77 points to close at 3,665.85 on Friday. About 6.4 billion shares worth Rp 6 trillion ($672 million) changed hands. Decliners outnumbered gainers 206 to 30.
