Publication

The April 2023 edition of the Indonesia Sectoral Review (ISR) reviews the condition of the crude palm oil industry as the main focus. PEFINDO views the outlook for the crude palm oil (CPO) industry to remain stable in the near to medium term, driven by its broad product applications particularly related to fast moving consumer goods (FMCG) as well as strong domestic demand to meet the B35 biodiesel program. In addition to reviewing the crude palm oil industry, this edition of the ISR also provides an overview of world macroeconomic conditions, The global economy is still overshadowed by uncertainty in line with high geopolitical tensions and shocks that have occurred in the financial sector. However, in line with the disinflationary process that has started due to the normalization of commodity prices and efforts to tighten monetary policies by various central banks, global economic performance is still showing a good trend, and various countries are able to grow above expectations. From the bond market, We expect the positive performance to persist in 3Q2023, although not as high as in 2Q2023. A slowing inflation environment should be supportive as the outlook for looser monetary conditions opens up, which supports rising bond prices. ...

The February 2023 edition of the Indonesia Sectoral Review (ISR) reviews the condition of the multi-finance industry as the main focus. PEFINDO views that the multi-finance industry will still have a stable outlook in the medium term, supported by a recovering economy. However, we also see the trend of rising interest rates as a major challenge, and the industry will experience pressure from rising funding costs which will then affect their financing portfolio as external funding is made. In addition to reviewing the multi-finance industry, this edition of the ISR also provides an overview of world macroeconomic conditions, which are expected to grow better than previously estimated, although we still need to be vigilant about the impact of monetary policy tightening. The Domestic Economy continues to show good performance in various sectors, giving rise to its own optimism. From the bond market, we estimate that the government bond market will remain stable until the first half of 2023, along with strong demand and a more attractive market amid uncertainty. From the corporate debt market, we expect premiums to remain low this year and business growth to remain solid in line with the improving economy, although the issuance of debt securities at the beginning of the year slowed slightly as expected. ...