EMerging Equity
Indonesia
Indonesian President Widodo Vows “Massive Deregulation” To Boost Sentiment, Revive Investment
Indonesia’s President Joko “Jokowi” Widodo has vowed for a quick “massive deregulation” on Wednesday in order to boost sentiment and revive investment as growth in Southeast Asia’s largest economy expands at the weakest pace since 2009 amid a plunge in commodity prices. “We need to carry out massive deregulation and introduce new regulations that will really create a good climate … Continue reading
The Emerging Market Rout: How Much Further Can EM Currencies Weaken?
By Andrés Velasco With the currencies of Malaysia, Indonesia, South Africa, Turkey, Brazil, Colombia, Chile, and Mexico hitting record lows recently, currency traders around the world are asking: How much further can emerging-market currencies weaken? The standard approach to answering this question takes a relatively normal base year and measures how much a country’s currency … Continue reading
Indonesia: Jokowi’s Cabinet Shake-Up Offers Hope, But Little Growth Impact
By Qingzhen Chen Jokowi’s revamped cabinet features experienced technocrats appointed to boost the largest economy in Southeast Asia. Domestic business insiders welcomed the cabinet reshuffle, but remain cautious as they wait for better policy coherence and direction. Just ten months into his first term, President Joko “Jokowi” Widodo replaced six ministers in a 34-official cabinet on Wednesday. … Continue reading
Yuan Contagion: Vietnam’s Central Bank Devalues Currency For Third Time In 2015
Vietnam’s Central bank has devalued the nation’s currency on Wednesday for the third time this year and widened the its trading band, in the latest sign of stress in Asian exchange rates following a move last week by China to devalue its currency. The State Bank of Vietnam weakened its currency reference rate by 1 percent and increased the … Continue reading
The Biggest Losers In The Emerging Markets Following China’s Yuan Devaluation
Following a week after China’s first major currency devaluation in over two decades, which rattled global markets throughout the week, as emerging market currencies where hit the hardest, and thus drove currencies in Colombia and Turkey to new record lows. Let us take a look at the biggest losers in the emerging markets from the ordeal: Malaysia’s ringgit and Indonesia’s … Continue reading
Mexico, Colombia Join The “Fragile Five”
Mexico and Colombia have now joined the “fragile five” grouping of emerging market (EM) economies, replacing India and Brazil, according to JPMorgan, the Financial Times (FT) reports. The two Latin American nations will now join Turkey, South Africa, and Indonesia to form the group of EM countries seen as the most overdependent on volatile foreign investment flows. In August 2013, as … Continue reading
Is Indonesia Stuck In A Middle-Income Trap?
By Hal Hill and Haryo Aswicahyono Indonesia became a middle-income country in 2004. Indonesia’s growth rates — while superior to those of most developing countries — remain below those of East Asia’s most dynamic economies. So why hasn’t the country grown faster still and why does growth appear slower in the democratic era than that of … Continue reading
Russia Overtakes U.S. And China In Manufacturing Competitiveness Amid Cheaper Oil, Ruble: BCG
Russia has overtaken the United States and China in terms of manufacturing competitiveness helped by a fall in oil prices and the country’s currency, according to a report by the Boston Consulting Group (BCG). The report from BCG evaluates the competitiveness of the world’s top 25 export economies, which account for nearly 90 percent of world exports … Continue reading
As Spending Slows In Indonesia, President Jokowi Weighs Cabinet Reshuffle
By Qingzhen Chen Indonesia is predicted to grow at a much lower rate due to slow government spending. While expectations of a new cabinet has been widely anticipated in recent weeks, President Jokowi has yet to confirm such a change as he struggles to find loyal staff. Asian Development Bank (ADB) and the World Bank have … Continue reading
De-Dollarization: Indonesia’s Central Bank Bans Foreign Currencies In Domestic Transactions
Indonesia will ban the use of foreign currencies in its domestic transactions in a move which has drawn criticism, according to a report from The Wall Street Journal (WSJ). Indonesia will ban the use of foreign currencies in its domestic transactions, according to The Wall Street Journal (WSJ). According to the WSJ, Indonesia’s Central Bank has pushed through regulations that will prohibit using … Continue reading
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