Asia / Indonesia

Indonesia

Group Research / February 01, 2020

Photo Credit - AFP

Indonesia
 20192020f2021f2022f
GDP growth, % YoY5.0-2.14.04.5
CPI inflation, % YoY2.82.02.22.8
 2Q213Q214Q211Q222Q22
Exchange rates, end of period14,50014430143601429014210
Policy interest rates, end of period3.753.503.503.503.50

Indonesia Industry Insights

Indonesia / Real Estate
Indonesia Property: More support from the government

Indonesia Property: More support from the government

March 02, 2021

The Indonesian government’s latest move to reduce value-added tax for selected property transactions bodes well for the real estate sector.

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Indonesia / Financials
Indonesia Banks: A slow start to the year

Indonesia Banks: A slow start to the year

March 01, 2021

Although loan momentum continues to be weak for Indonesian banks, we expect things to pick up over the course of FY21F.

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Indonesia / Real Estate
New regulations to buoy Indonesia’s property sector

New regulations to buoy Indonesia’s property sector

February 22, 2021

We believe the new regulations announced by Indonesian authorities will benefit all developers. However, we expect a property segment to fare better ...

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Indonesia Economics Insights

Indonesia / Fiscal,Monetary,GDP
Stacking up Indonesia’s policy stance against other EMs

Stacking up Indonesia’s policy stance against other EMs

February 09, 2021

The events of 2020 put significant strain on Indonesia’s fiscal and monetary policies.

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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 Economics Daily

Indonesia / IDR
Indonesia: Dovish hold for the year, eye on the COVID-19 curve

Indonesia: Dovish hold for the year, eye on the COVID-19 curve

February 19, 2021

Bank Indonesia lowered the 7-day reverse repo rate by 25bps to 3.5% on Thursday, in line with expectations.

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Indonesia / GDP, Fiscal
Indonesia: Seeking a flatter pandemic curve

Indonesia: Seeking a flatter pandemic curve

January 11, 2021

Indonesia bond and FX markets have kickstarted the year on a firm footing. Rising COVID-19 caseload and growth impact will keep the door open for eas...

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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 Equities

Indonesia / Equity Picks
Indonesia Equity Picks

Indonesia Equity Picks

February 26, 2021

Wait for fresh catalysts

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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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