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.
The JCI dropped by 7.0% in September to 4,870 level , in-line with global markets that were in a sea of red led by the slump in US stocks and profit taking activities.
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...
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.
Indonesia is still in early stage of data adoption. With low data usage per subscriber, low smartphone penetration and relatively young population, we think data consumption still has long runways.
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.
Tanker market trading conditions have been robust since Sep-19 and continue to 2020. The special case developed in the spring when oil demand plummeted as economies worldwide were shut down to control the spread of Covid-19.
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.