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Anies & His Political Backing: Will it Last?

A number of political parties, including those in President Joko “Jokowi” Widodo’s ruling coalition, defended Anies against harsh criticism lobbed by Giring Ganesha, the Chairman of PSI Party. It shows that many political parties still back Anies Baswedan even though the Jakarta Governor is under the scrutiny of the Corruption Eradication Commission (KPK). The question is: will said parties continue to support Anies in the future?

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State Budget & Economic Recovery

Finance Minister Sri Mulyani Indrawati reported on Thursday (Sept. 23) that state spending had reached Rp1,560.8 trillion as of Aug. 31, 2021. It grew 1.5% year on year (y/y). Government expenditures reached Rp1,087.9 trillion,...

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Asia Pacific Shares Trade Mixed

Major bourses in the Asia Pacific region lacked direction on Friday, amid a continued money injection by the PBoC into China’s banking system and growing fears about the potential default of the cash-strapped developer...

Oil Poised for 2% Gain on the Week

WTI crude futures traded around $73.4 a barrel on Friday, the highest since August 2nd, and are on track to jump around 2% weekly, boosted by growing fuel demand and falling US crude inventories. EIA data showed US crude stocks...

Gold Rebounds on Friday

Gold was up almost 1% to above $1,750 an ounce on Friday, after falling more than 1% in the previous session, and is on track to end little changed on the week. Investors’ risk appetite retreated after Evergrande missed a...

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People behind Bank Aladin Syariah

Bank Aladin Syariah (BANK) is one of the most ‘valuable’ stock on Indonesia Stock Exchange (IDX) as it is valued 36 times its equity by June 30, 2021. Claiming itself a digital bank, Aladin currently has market capitalization of Rp41.4 trillion, nearly twice the value of Bank Tabungan Pensiunan Nasional (BTPN), which has long launched digital banking product Jenius.

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