Publication

The October 2023 edition of the Indonesia Sectoral Review (ISR) reviews the condition of the telecommunication industry as the main focus. PEFINDO is of the view that Indonesia’s telecommunications industry outlook is stable in the near to medium term, with broadband internet and digital transformation as the key growth drivers. In addition to reviewing the telecommunication industry, this edition of the ISR also provides an overview of world macroeconomic conditions, The global economy is faced with a situation that increases its uncertainty. Various risks, especially geopolitical conflicts and prolonged drought conditions have threatened to increase commodity prices, both energy and food, which had previously been normalized. From the bond market, We expect the market to remain solid when closing at the end of 2023 despite high pricing due to rising interest rates and having to look at volatility amidst strong negative external sentiment. ...

The August 2023 edition of the Indonesia Sectoral Review (ISR) reviews the condition of the banking industry as the main focus. The banking growth in 2023 has been relatively even across all Commercial Banks Group of Core Capital (Kelompok Bank berdasarkan Modal Inti or KBMI), unlike last year which was driven mainly by KBMI-4 banks. Lower-tier banks have been able to post more encouraging growth, attributed to a more stable business environment after the pandemic. In addition to reviewing the banking industry, this edition of the ISR also provides an overview of world macroeconomic conditions, The global economy is expected to improve in its development, although it is still below historical levels. Global commodity prices are continuing to normalize, although they have been pushed up slightly due to rising plantation commodity prices due to the El Nino phenomenon which has triggered prolonged drought in various major exporting countries. From the bond market, We still maintain our view on the domestic debt market. Still, with an additional note, the challenges ahead will be greater than in the previous few months. We expect the domestic market to maintain its positive performance in the next two months, supported by resilient domestic demand and lower supply. ...

The June 2023 edition of the Indonesia Sectoral Review (ISR) reviews the condition of the property industry as the main focus. PEFINDO is of the view that the property industry’s risk profile in Indonesia is moderate with a stable outlook over the next 12-18 months. As the country’s economy recovers from the pandemic, property developers are regaining momentum and implementing strategies to boost marketing sales and execute plans that were previously delayed due to the pandemic. In addition to reviewing the property industry, this edition of the ISR also provides an overview of world macroeconomic conditions, PEFINDO sees that the Indonesian economy throughout semester 1 still recorded a good performance with inflation already within the target range, interest rates being kept on hold and the exchange rate being maintained, and fiscal and trade balances continuing. surplus, as well as real sector investment and various leading indicators that still show continuous improvement. From the bond market, We believe solidity in the bond market will continue until the end of the year. The solid domestic demand base is supported by attractive pricing as it offers higher real fixed returns and is more secure in the current uncertain and high-interest environment. ...