July Inflation 0.69%

JAKARTA (Yosefardi) – Central Bureau of Statistics (BPS) revealed on Monday (August 1) that July 2016 inflation was 0.69%, compared to 0.66% in June 2015. Of 82 cities, 78 cities recorded inflation, highest occurred in Tanjung Pandan (2.34%) and the lowest occurred in...

Govt to Auction Bonds Tuesday

JAKARTA (Yosefardi) – Government of Indonesia is set to auction bonds or debt securities (SUN) on Tuesday (August 2), targeting to raise Rp12 trillion. Five series of bonds to be auctioned. In its official statement, the Directorate General of Budget Financing...

Bank Muamalat’s Profit Drops 71.6%

JAKARTA (Yosefardi) – Bank Muamat, the largest Islamic bank in Indonesia, reported a 71.6% drop in net profit, to Rp30 billion in first half of 2016, compared to Rp106 billion in the corresponding period of 2015. Revenue fell 22.8% to Rp866 billion from previous...

Market & Inflation

JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange opened higher 1.9% at 5315 this morning. Profit taking afternoon session on Friday last week (July 29) dragged down IDX by 1.57% to close at 5216. Investors (mainly local) sold off shares of...

Ramayana Eyes 7-8% Sales Growth

JAKARTA (Yosefardi) – Retailer PT Ramayana Lestari Sentosa Tbk (RALS) targets its sales to grow by 7-8% this year, compared to Rp8 trillion last year. The improving economy and the cooperation with Spar International in developing supemarket would support the...