After we experienced the end of three months monthly deflation, now we can say the disinflation had to end as well. Disinflation itself is when price inflation slows down temporarily.
Bank Indonesia (BI) reported Indonesia’s balance of payments (BoP) surplus of USD2.05 bn in 3Q20 (vs. USD0.04 bn deficit in 3Q19).
Bank Indonesia (BI) cut its benchmark interest rate by 25 bps to 3.75% in Nov-20. In contrast, our expectation and consensus saw that BI would hold the rate unchanged previously.
As anticipated before, Indonesia entered the first recession since the 1998 Asian Financial Crisis as the economic contraction was recorded in 2Q20 and 3Q20.
Indonesian government sets Rp169.7 tn of healthcare budget allocation in 2021 (-20.1% YoY), representing 6.2% of state budget in 2021 (.vs 5.23% of state budget in 2020). Government allocate lower budget, as some of the healthcare equipment that was already purchased in 2020 can still be used in...
We like consumer staples next year due to potential tailwind from the key raw materials prices which could uphold consumer staple companies’ margin.
Telecommunication (telecom) sector is still in the structural transition phase from legacy services (voice and SMS) to data services. The stage of the transition, however, is different from one another.
Nickel prices slumped to USD11,225/ton Ytd in March 2020 because of China’s pandemic situation and steel mill shutdowns in 1Q20 as China contributing around 52% of the world stainless steel production.
It seems Indonesian government will not take down their ambitious plan to continue expanding the toll road network. Based on our check, up until 2019, the total toll road in operation has reached 2,166 km.
The coronavirus pandemic has a huge impact on property markets around the world. With the massive unemployment, wage cuts, business failures, and job uncertainty, many people are likely to be cautious about making big investments such as home purchase which leads to falling house prices.