Indonesia Economic Week in Review : July 29 - August 2, 2019 (English)

The Jakarta Composite Index rose by 1.5 percent over the week, in line with major markets in the region. The Rupiah appreciated against the US dollar, Euro and Japanese Yen by 1.0 percent, 0.8 percent and 1.8 percent, respectively, over the week. The ...  See More + The Jakarta Composite Index rose by 1.5 percent over the week, in line with major markets in the region. The Rupiah appreciated against the US dollar, Euro and Japanese Yen by 1.0 percent, 0.8 percent and 1.8 percent, respectively, over the week. The government raised IDR 6.06 trillion from the issuance of Rupiah-denominated Sharia bonds on April 16. The Ministry of Finance has released Regulation No. 48/PMK.07/2019 on the management of non-physical special allocation fund (DAK). The government is drafting a regulation concerning a superdeduction tax that will be implemented for manufacturing companies running vocational schools. Elections (presidential and legislative) took place peacefully on April 17 with the incumbent President Jokowi unofficially confirmed as the winner. The Ministry of Finance reported that the state budget deficit reached IDR 102 trillion in Q1 2019 (equivalent to 0.63 percent from GDP, which is higher than 0.58 percent recorded in Q1 2018).  See Less -