Investment will still become the main driver of growth at around 7.4% YoY.
Indonesia export grew 6.1% YoY (10.24% MoM) to USD 15.6 bn in March. However, a potential pick up of consumption goods import growth starting April as domestic firm will face Ramadhan period starting in May.
Rice price was down -1.25% MoM decline in April but its price, especially the medium quality (Rp 11,900), still above government ceiling price (Rp 9,500).
March inflation was at 0.20% MoM (3.40% YoY), which came above Bloomberg consensus but slightly below our estimates.
Tax revenue still generate positive catalyst after it recorded 13.6% YoY growth (2017: 8.6% YoY) to Rp 160.7 tn (9.9% of target) in the first two month 2018 (2M18).
According to BPS, food inflation was trending down to 0.13% MoM (3.40% YoY) as New Year high season has ended. Following the uptrend of oil price, Pertamina increased its non-subsidized fuel even until 2 times for several products.
Bank Indonesia (BI) retained its policy rate at 4.25% in the latest BoG meeting. Central bank kept its eye open to watch rising global volatility due to increasing expectation of higher FFR increase in 2018.
Reksadana adalah investasinya cewek milenial. Dengan pilihan instrument investasi seperti pasar uang, saham, atau lainnya, cewek milenial akan mendapat keuntungan yang luar biasa di samping dapat mempertahankan gaya hidupnya di masa tua sekalipun.