Indonesian officials routinely inflate rice harvest data, but their latest phony numbers could lead to a severe shortage, officials say.» Read More
Markets did not react much to Jakarta blasts, in part because it was offset by the BI rate cut, says Sarina Lesmina, head of Indonesia research at CLSA.
JAKARTA, Jan 15- Indonesia's trade balance moved back into surplus in 2015, after three years of deficits, but the turnaround mostly showed how sluggish the economy has been. In 2014, Indonesia had a deficit of $2.2 billion. Export will remain flat "for some time", Wai Ho Leong of Barclays in Singapore said, but with infrastructure spending picking up, "we believe the...
Indonesia’s markets have shrugged off the concerted terrorist attack on its capital, with the currency and shares recovering quickly.
Based on the past four major attacks, 2002 was the only time markets had a negative reaction, states Isnaputra Iskandar, head of research at Maybank Kim Eng Securities.
International investors and business leaders were reassured by Indonesia's swift response to the attacks, says Douglas Ramage, MD at BowerGroupAsia
Cedric Chehab, head of Asia research at BMI Research, explains that Indonesia's economy won't be affected because the attack was away from tourist spots and the central bank cut rates Thursday.
Lin Neumann, MD at Amcham Indonesia, says that businesses are not worried, because they have already factored in the risk of potential attacks in Indonesia.
Recent attacks in Jakarta, Istanbul and Paris are all part of global societal distress, says David Howard-Jones, partner at Oliver Wyman.
Attacks like Thursday's Jakarta blasts have very small economic or market impacts, explains Geoff Lewis, global market strategist at Manulife Asset Management.
Divya Devesh, Asia FX strategist at Standard Chartered, said Bank Indonesia's rate cut helped stabilize sentiment on Indonesia.
Sri Jegarajah reports on the latest developments in Jakarta attacks, including the suspected culprits.
Jonah Blank, senior political scientist at RAND, says Islamic State has been trying to take over the Al-Qaeda-affiliated Jemaah Islamiyah terror network in the region.
The Islamic State has claimed responsibility for a terrorist bomb and gun attack in Jakarta, Indonesia, according to Reuters.
BENGALURU, Jan 14- Economic growth is losing momentum across emerging and developed economies as is inflation, with trouble in China now the biggest worry for 2016, according to the overwhelming majority of hundreds of economists polled by Reuters around the world. Elwin de Groot, senior market economist at Rabobank, warned that the world could no longer rely...
CNBC's Carl Quintanilla provides an update on the terror attack in Indonesia leaving at least seven people dead.
*Oil back above $30 a barrel. LONDON, Jan 14- Share markets and heavily commodity-dependent currencies took a fresh beating on Thursday, having been floored again by the latest plunge in oil prices, this time to below $30 a barrel. MSCI's 46- country world index was down for its 10th day in the last 11 and Europe took another 2 percent hit, as worries that French...
Jan 14- U.S. stock index futures were little changed on Thursday, after a sharp fall the day before, as JPMorgan kicked off earnings for big banks with better-than-expected results. *Global shares fell as Brent crude hovered near 12- year lows on the looming prospect of higher supplies from Iran. *JPMorgan shares were up 1.6 percent premarket at $58.25 after the...
MILAN, Jan 14- European equities slumped to a 13- month low on Thursday, with the automobile sector leading the market lower after Renault shares tumbled following reports that fraud investigators searched its offices. The pan-European FTSEurofirst 300 was down 2.8 percent, also under pressure following a Reuters report saying many European Central Bank...
CNBC's Susan Li reports the latest details on the deadly attack in Indonesia that left seven people dead.
LONDON, Jan 14- Emerging assets took another dive on Thursday with stocks plumbing fresh 6-1/ 2 year lows and currencies slipping as oil dipped below a key threshold and fresh investor concerns over global growth. "The worries about China aren't over yet- there might be a respite, or a calmer period now the Chinese authorities are intervening," he said, adding that any...