Indonesian Stocks Seen Sideways Amidst Market Adjustments
Indonesia's Composite Stock Price Index (IHSG) entered an adjustment phase after recent gains, closing at 5,373 points on the 27th. Experts predict a short-term sideways market movement.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- Haji Isam Acquires Over 30% of Bayan Shares: Economic Sovereignty or Oligarchic Maneuver?
The massive acquisition of 30.25% of PT Bayan Resources Tbk (BYAN) shares by South Kalimantan businessman Haji Isam is being hailed as economic patriotism. However, the transfer of shares from a Singaporean investor suggests the transaction is more about inter-oligarchic dealings than national sovereignty.
- Indonesia Fears Fuel Import Halt from Singapore Amid Gas Export Cuts
Indonesia's decision to cut gas exports to prioritize domestic demand raises concerns about a potential halt in Pertalite (RON 90) fuel imports from Singapore. The Minister of Energy and Mineral Resources is planning visits to India and China to secure alternative energy supplies.
- Hajj Pilgrimage Fees Considered State Funds, Experts Say
Indonesian experts argue that portions of Hajj pilgrimage fees effectively constitute state finances. This highlights the challenge of enhancing transparency and public trust in the management of Hajj savings.
- Ahead of Year-End Holidays, Home Affairs Minister Stresses Urgency of Social Aid Distribution and Market Operations
Indonesia's Minister of Home Affairs has emphasized the importance of promptly distributing social assistance (Bansos) and conducting market operations (Operasi Pasar) to stabilize prices ahead of the year-end holiday season (Nataru), indicating measures to address public welfare.