Asia / Indonesia

Indonesia

Group Research / February 01, 2020

Photo Credit - AFP

Indonesia
 201820192020f2021f2022f
GDP growth, % YoY5.25.0-2.04.04.5
CPI inflation, % YoY3.22.82.02.22.8
 4Q201Q212Q213Q214Q21
Exchange rates, end of period14,20014500144291435714286
Policy interest rates, end of period3.753.753.753.753.75

Indonesia Industry Insights

Indonesia / Financials
A surprise rate cut a positive for Indonesian banks

A surprise rate cut a positive for Indonesian banks

November 20, 2020

Bank Indonesia’s surprise rate cut should benefit banks, giving them more room to lower deposit costs amid the flush in liquidity, which will s...

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Indonesia / Financials
Proposed merger to drive synergies in Sharia banking

Proposed merger to drive synergies in Sharia banking

October 22, 2020

The proposal to merge the Islamic banking subsidiaries of three Indonesian banks will drive synergies in Sharia banking in the country. We assess how...

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Indonesia / Real Estate
Indonesia Property: A dose of fresh air

Indonesia Property: A dose of fresh air

October 15, 2020

The new Omnibus Law, which aims to make Indonesian property more attractive to foreign buyers, is a sentiment booster. However, we do not expect it t...

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Indonesia Economics Insights

Indonesia / Economics & Strategy
Indonesia Outlook 2021: Beyond the pandemic

Indonesia Outlook 2021: Beyond the pandemic

November 30, 2020

Into 2021, the authorities will continue to balance the health crisis vs recovery needs until mass vaccination isachieved.\n.

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Indonesia / Fiscal, GDP
Indonesia: Fiscal and growth dynamics

Indonesia: Fiscal and growth dynamics

July 15, 2020

Indonesia’s fiscal dynamics look manageable at this juncture, but pandemic impact on growth.

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Indonesia / Growth, Rates
Indonesia: Surfacing economic weakness

Indonesia: Surfacing economic weakness

August 16, 2019

Indonesia recorded a stable growth of 5% in 2Q19, contrary to the downward growth trend elsewhere. Fiscal lever could sustain growth momentum at its ...

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Indonesia Economics Daily

Indonesia / GDP
Indonesia: Worst is over, pandemic management still crucial

Indonesia: Worst is over, pandemic management still crucial

November 05, 2020

3Q20 GDP contracted -3.5% y/y, second consecutive quarter of decline but marking an improvement from -5.3% in 2Q.

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Indonesia / Monetary
Indonesia: Government bats for reforms, rate cuts draw a pause

Indonesia: Government bats for reforms, rate cuts draw a pause

October 13, 2020

Bank Indonesia extended its pause on rates, in place since August as financial market stability took precedence.

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Indonesia / Interest Rates
Indonesia: Monetary policy walks a tightrope

Indonesia: Monetary policy walks a tightrope

September 18, 2020

Bank Indonesia extended its pause on rates for a second consecutive month.

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Indonesia Equities

Indonesia / Equity Picks
Indonesia Equity Picks

Indonesia Equity Picks

November 06, 2020

Back to square one again?

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Indonesia / Equities
Indonesia Market Strategy: Stay Safe

Indonesia Market Strategy: Stay Safe

March 16, 2020

Even though the valuation on the Jakarta Stock Exchange Composite Index is cheap, we recommend investors to remain selective as things can get worse ...

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Indonesia / Equities
Indonesia 2020 Market Outlook: When the growing gets tough

Indonesia 2020 Market Outlook: When the growing gets tough

December 19, 2019

Optimism already building up for Indonesian equity markets as worries of domestic overhang fade away.

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Disclaimers and Important Notices

The information herein is published by DBS Bank Ltd and PT Bank DBS Indonesia (collectively, the “DBS Group”). It is based on information obtained from sources believed to be reliable, but the Group does not make any representation or warranty, express or implied, as to its accuracy, completeness, timeliness or correctness for any particular purpose. Opinions expressed are subject to change without notice. Any recommendation contained herein does not have regard to the specific investment objectives, financial situation & the particular needs of any specific addressee. The information herein is published for the information of addressees only & is not to be taken in substitution for the exercise of judgement by addressees, who should obtain separate legal or financial advice. The Group, or any of its related companies or any individuals connected with the group accepts no liability for any direct, special, indirect, consequential, incidental damages or any other loss or damages of any kind arising from any use of the information herein (including any error, omission or misstatement herein, negligent or otherwise) or further communication thereof, even if the Group or any other person has been advised of the possibility thereof. The information herein is not to be construed as an offer or a solicitation of an offer to buy or sell any securities, futures, options or other financial instruments or to provide any investment advice or services. The Group & its associates, their directors, officers and/or employees may have positions or other interests in, & may effect transactions in securities mentioned herein & may also perform or seek to perform broking, investment banking & other banking or finan­cial services for these companies. The information herein is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Sources for all charts & tables are CEIC & Bloomberg unless otherwise specified.

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PT Bank DBS Indonesia, DBS Bank Tower, 33rd floor, Ciputra World 1, Jalan Prof. Dr. Satrio Kav 3-5, Jakarta, 12940, Indonesia. Tel: 62-21-2988-4000. Company Registration No. 09.03.1.64.96422