Inflation at 0.45% MoM (1.68% YoY) remarks the final inflation in 2020. The inflation accelerated for a fourth straight month from Sep-20.
Bank Indonesia (BI) held its benchmark interest rate at 3.75% in Dec-20 or in line with our and consensus expectations.
Statistics Indonesia recorded trade surplus at USD2.61 bn in Nov-20. The surplus is higher than our and consensus estimates at USD1.61 bn and USD2.60 bn, respectively.
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.
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...
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.
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.
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.