Market Pulse: Better Prepared Next Time - magz.tempo.co

Market Pulse: Better Prepared Next Time

Tuesday, July 11 2017 00:00 WIB

Early last week, after the Lebaran holidays, President Jokowi visited the Indonesian Stock Exchange and witnessed the Jakarta Composite Index's (JCI) rising trend, with the index peaking at 5.910 on July 3. The rupiah exchange rate was also relatively stable, hovering around the Rp13,300 per US dollar level. Month to month July inflation rose 0.69 percent, an expected rise for the month of Ramadan. Only this time, the price increase was driven more by a rise in transportation costs and electricity tariffs, rather than food prices. Analysts noted that public consumption remains uncharacteristically weak, while food supplies were plentiful, to ensure there were enough food, ahead of and throughout the fasting month.

What has drawn attention lately has been commentary about the 1997/98 Asian financial crisis, which hit Asia some 20 years ago. On July 1997, the financial crisis, which started in Thailand rapidly spread to several neighboring countries, eventually changing the financial sector landscape of some countries, and, in a few, it extended to political changes as well. This was evident in Thailand, South Korea and Indonesia.

Market Pulse: Better Prepared Next Time

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  • Early last week, after the Lebaran holidays, President Jokowi visited the Indonesian Stock Exchange and witnessed the Jakarta Composite Index's (JCI) rising trend, with the index peaking at 5.910 on July 3. The rupiah exchange rate was also relatively stable, hovering around the Rp13,300 per US dollar level. Month to month July inflation rose 0.69 percent, an expected rise for the month of Ramadan. Only this time, the price increase was driven mor

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