JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher 0.8% at 5456 this morning while regiona markets were mixed.
Investors welcome the government’s efforts to strengthen the fundamental of the national economy. The government of Indonesia will launch additional economic package for lowering the current account deficit to 2.5% over the gross domestic products (GDP).
The said additional economic package will grant to the industry which imports raw material and capital goods, basic industry, and downstream industry for high value-added export products processing.
In 2014, the current account deficit was US$26.23 billion or 2.95% of GDP. The government needs to lower the current account deficit for helping the rupiah.
Markets across Asia were mixed on Thursday as traders cheered a relatively dovish Federal Reserve statement, Reuters reported.
Nymex’s crude oil fell 1.37% to US$44.05 per barrel in Asian trading this morning while gold rose 1.85% to US$1,172.60 per ounce.