Profit taking & domestic issues

Composite index of IDX (IHSG/JCI) paired losses to close lower by 0.55% Wednesday (Jun 16) as investors realized short-term gains in some stocks. As global pressures eased off, investors returned to domestic issues, including export control through Danantara and the...

The Total Politik’s Discussion Forum

The Total Politik event titled “Kopdar Bareng Mas Dar,” intended as a public discussion forum, ended in chaos after students directed mounting criticism at the speakers. Three government officials were ultimately rushed out of the venue, while the narrative that...

Twenty-five liters and the price of fuel justice

The prosecution of two men in North Sumatra for purchasing approximately 25 liters of subsidized Pertalite fuel may seem like a small legal dispute. Yet at a time when fuel prices are rising and household budgets are under increasing pressure, the case has become a...

Lotte Chemical digs deeper for Indonesian asset

Lotte Chemical Indonesia (LCI), a subsidiary of Lotte Chemical Titan Holding Berhad, has secured KRW451.74 billion loan from its major shareholder Lotte Chemical Corporation (LCC) for supporting LCI’s repayment of its existing facility borrowings, including export...

Nickel production cut: Asymmetric impact

Nickel gained 0.8% to US$17,955 per ton on the London Metal Exchange (LME) Tuesday (Jun 16) due to falling US dollar and tight supply from Indonesia’s production cut. The commodity gained 20.2% year-on-year, but provided asymmetric impact to nickel players in the...

Scaling back coal production cut

Bahlil Lahadalia, minister of energy & mineral resources, glorified his policy in cutting coal production behind the global price hike. Newcastle thermal coal is now traded around US$146.3 per ton, jumped 38% year-on-year, but Indonesia’s export revenues dropped...

Back to domestic issues

Foreign investors returned to net sell position on Monday (Jun 15), whilst small, but composite index of IDX (IHSG/JCI) advanced 4.12% on US-Iran peace deal. Rupiah also gained more grounds as US dollar weakened against most currencies. Indian rupee gained 0.9%...

Global pressures eased off, less incentive to change

Composite index of IDX (IHSG/JCI) opened higher by 3.8% Monday (Jun 15) morning, while rupiah appreciated further to Rp17,716 per US dollar on US-Iran peace deal. While details of the deal are not available, Brent crude oil futures dropped further by 4.7% to US$83.3...
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