Aneka Tambang (ANTM), subsidiary of state mining giant INALUM, booked a net profit of Rp287 billion in the third quarter (Q3) ended September 30, 2018, dropped 65% from Rp827 billion profit in the corresponding period of 2017.
Read MoreGlobal markets’ attention focus may have shifted to trade. Wall Street rose on Friday last week, and markets are optimistic following an agreement between the leaders of the U.S. and China to keep a trade war from escalating.
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President Joko ‘Jokowi’ Widodo was considered lucky in the first three years of his tenure because of the low crude prices. He shifted most of energy subsidies to infrastructure development. In the run up to next year’s election, some seem to believe that his luck on the economic front have run out with high oil price, trade deficit, current account deficit, and falling rupiah.
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