Indonesia's nickel-processing boom doesn't trickle down to notably higher local wages For Indonesia, sluggish income growth has been a persistent structural issue, and it is not confined to graduates in Jakarta. Granular provincial data show that workers in Central Sulawesi have

Perhaps policymakers should also be asking why many foreign Western banks are steadily retreating from Indonesia, despite headline GDP growth that appears strong on paper. Nominal GDP expansion alone does not guarantee the formation of a broad upper middle class, which is

Let’s add in oil rally into the mix. Fed will have to raise rate instead of cutting it.

Rising oil prices are a net negative for Indonesia because the country has become structurally dependent on imported fuel while maintaining large domestic energy subsidies, meaning higher global prices translate directly into fiscal strain, a wider current account deficit, and

Dear Kemendikdasmen RI Indonesia’s position on this chart is concerning because it sits near the bottom left quadrant, indicating weak performance in both mathematics and creative thinking relative to global peers. While lower income countries often lag in math scores due to

This is the set up I have been waiting for. Oil prices are running parabolic, bond yields are moving higher, the US dollar is strengthening, and broad metals are rolling over. As the macro thesis plays out, this is the kind of alignment that drives serious returns. Please print

Fitch downgraded Indonesia into negative outlook too

Judging from recent price action across Asian markets, it appears that capital is already rotating. When liquidity tightens and the US dollar strengthens, global capital rarely disappears. It simply moves to where returns look safer and more compelling. With the dollar

The conglomerate itself never promotes its stocks directly and has never publicly encouraged investors to buy them. The responsibility for many retail investors losing money lies largely with the influencers and promoters who aggressively pushed those stocks, often highlighting

I have a growing sense that Brent Crude Oil could push toward USD120 per barrel if the current trajectory continues. A move of that magnitude would likely bring inflation back into focus globally and force the Federal Reserve System to reconsider the pace of monetary easing. If

This chart highlights a strong structural relationship between income levels and energy consumption per capita. As countries become wealthier, they typically consume far more energy per person because industrialization, urbanization, manufacturing, transportation, and digital

Today the JCI would be red hot as oil prices rally closer to US$110 per barrel, a development that typically tightens macro conditions for Indonesia given its status as a net oil importer and the associated pressure on subsidies, inflation, and the fiscal balance.

I am raising oil price expectation to US$200 per barrel

Most people think a closure of the Strait of Hormuz is purely an oil story. In reality, the issue is not just crude supply but everything that oil and gas ultimately become. Roughly 92 percent of the world’s sulfur is produced as a byproduct of refining oil and natural gas. If

How long would 400 million barrels last? The key question is: last relative to what? 1) As a buffer against lost Iranian exports Iran exports roughly 1.5 to 2 million barrels per day. If the conflict removes around 2 million bpd from global supply: 400 million barrels ÷ 2

The Coming Inflation Central Banks Can’t Fix Sumitomo Chemical declared force majeure yesterday, becoming the fifth Asian chemical producer in a single week to do so. The sequence began with Chandra Asri in Indonesia, followed by Yeochun NCC in South Korea. By March 5, the