Author: yosefardi.com

Falling Rupiah vs Market Gain

On Tuesday (Oct 3), people were seen lining up at several Money Changers in Jakarta. They might have purchased dollars, thus affecting the local currency (rupiah), which fell to Rp13,582 against the U.S. dollar yesterday.

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Jokowi & The State Capitalism

“Jokowi is not a communist, but a State capitalist,” one sociologist from University of Indonesia said. “Jokowi’s policies benefit only the capitalists,” said opposition leader Yusril Ihza Mahendra two years ago. Ordinary people down there don’t really care about labels (communism or laissez-faire economic liberalism), but some business people, including multinationals, have long grumbled ‘what’s left for us if the pork bellies are taken by state companies’.

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(Simple) Equity Policy in Actions

Some economists criticize President Joko ‘Jokowi’ Widodo’s equity policy saying ‘nothing left to distribute’ or ‘grow the economy first and then distribute’. Jokowi, however, is a believer that he can make a difference through simple policies even though they won’t reduce the so-called wealth/asset gap.

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Siloam Hospitals vs Mitra Keluarga

Siloam Hospitals (SILO), the largest private-owned hospital listed on IDX based on sales revenue, ended lower by 0.5% Tuesday (Oct 3rd), while second largest Mitra Keluarga (MIKA) gained 2.9%. SILO and MIKA, however, have lost 31% and 28% from their respective peak within 12 months. Reality check?

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Indika Energy After Full Consolidation of Kideco (2)

Shares of Indika Energy (INDY) ended lower by 1.06% Tuesday. The stock has dropped 13.5% from its peak as some investors realized gains (164% year-to-date). Any more upsides from acquisition of additional shares in Kideco Jaya Agung, third largest coal producer in Indonesia, which is expected to complete before Christmas?

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West Java Election: Golkar’s Answer

The Golkar Party has confirmed the reports that they had decided to nominate the Regent of Purwakarta Dedi Mulyadi, who is also the chairman of Golkar’s West Java chapter, for the West Java 2018 gubernatorial election. This is Golkar’s answer to the statement of the Secretary General of PDIP Hasto Kristiyanto, who asked Golkar to make up their mind. So, will we see Golkar and PDIP forming a coalition for West Java?

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