Indonesia's Property Market to Outperform Asia-Pacific Market Growth
The uncertainty in the Asia-Pacific prime residential market is likely to continue in 2020.
Macro
Rupiah Moves Amid Mixed Global Sentiments
Rupiah is in a strengthening trend against the US dollar.
Oil and Gas Imports Dropped, Trade Deficit Shrunk
Indonesia’s oil and gas trade deficit in 2019 shrunk significantly to US$ 9.34 billion.
Government Successfully Sells Global Bonds in Early 2020
The government raises US$ 2 billion and € 1 billion in proceeds from the issuance of global bonds.
Jokowi Pockets US$ 23 Billion of Investment Deals from the UAE Visit
Indonesia and the United Arab Emirates signed various investment deals up to US$ 23 billion and discussed the creation of a sovereign wealth fund.
Jokowi’s Megadeal from Dubai
United Arab Emirates plans to invest US$ 22.89 billion.
Investors' Positive Outlook on Indonesia’s Economy
Indonesia’s five-year credit default swap level approached the lowest level at the end of 2019. It showed that investors’ trust in the Indonesian economy was increasing.
A Breath of Fresh Air for Rupiah
Indonesia's debt securities received a stable rating from international rating agency Moody's Investors Service.
Bleaker Global Economy Ahead, World Bank Says
The World Bank predicts bleaker global economic growth due to trade uncertainty and geopolitical risk.
Last Year's Economy Growth Lower Than Expected
Finance Minister Sri Mulyani estimates that Indonesia's economic growth slowed last year to only 5.05 percent.
