Publication

The October 2024 edition of the Indonesia Sectoral Review (ISR) reviews the condition of the mining industry as the main focus. The outlook of the mining industry is expected to remain stable going forward, particularly for gold, nickel, and coal commodities. Global economic uncertainty, lower interest rate expectations, and ongoing geopolitical tensions will likely drive the demand for gold. In terms of nickel, the demand is underpinned by the shift towards green energy, fueled by the rising demand for electric vehicles and renewable energy storage. Coal will remain a key player in global energy markets due to its affordability and the lengthy investment and implementation process required for alternative energy sources, despite the ongoing transition to cleaner energy. ...

The August 2024 edition of the Indonesia Sectoral Review (ISR) reviews the condition of the banking industry as the main focus. The domestic banking sector’s year-on-year growth in June 2024 has been relatively robust at 12.1%. However, the growth is relatively uneven across all commercial banks. We view that the business growth has been relatively stable, attributed to the post pandemic recovery momentum, despite facing global macroeconomic conditions of prolonged high interest rate, foreign exchange pressure, and geopolitical risks. ...

The June 2024 edition of the Indonesia Sectoral Review (ISR) reviews the condition of the construction industry as the main focus. PEFINDO is of the view that the construction industry’s risk profile in Indonesia is moderate over the next 12-18 months. Indonesian construction firms, particularly state-owned (SOE), have generally benefited from the massive infrastructure development over the past decade due to the bold Gross Domestic Product (GDP) growth target since President Jokowi officiated the country in 2014. ...