Indonesia Markets Latest News Updates as of May 16, 2024:
Recent News & Headlines:
- Trade Surplus Soars: Indonesia’s trade surplus in April 2024 significantly exceeded expectations, reaching US$3.56 billion. This is a positive sign for the country’s economy. (Source: The Business Times)
- Prabowo’s Economic Plans: Presidential hopeful Prabowo Subianto has outlined plans to boost economic growth, even if it means taking on more debt. (Source: The Business Times)
- Tax Spinoff Concerns: Fitch Ratings warns that Indonesia’s plan to spin off its tax office could disrupt revenue collection efforts. (Source: The Business Times)
- Refinery Upgrade: Pertamina, Indonesia’s state-owned energy company, has increased production at its Balikpapan refinery after a major upgrade. (Source: The Business Times)
Additional Updates:
- The Indonesia stock market experienced a slight dip on Tuesday, following a two-day slide, but is expected to rebound. (Source: Markets Insider)
- Farmers in Indonesia are adopting technology to protect their crops from the potential impact of El Nino. (Source: The Business Times)
- The government is considering extending its rice handout program to the end of the year. (Source: The Business Times)
- Prabowo Subianto reiterated his commitment to the “Asian Way” of resolving conflicts in a recent Al Jazeera interview. (Source: The Business Times)
Where to Find More Information:
- The Business Times: https://www.businesstimes.com.sg/keywords/indonesia
- Markets Insider: https://markets.businessinsider.com/news/stocks/rebound-anticipated-for-indonesia-stock-market-1033379052
I hope this summary of the latest news on Indonesia’s markets is helpful!
