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Menampilkan postingan dengan label Ekonomi

Bank Indonesia Survey: Price Pressure Will Increase in January 2019

id Utama . Jakarta, the Bank Indonesia Retail Sales Survey (BI) estimates that the pressure of price increases will occur until January 2019. This is in line with the price adjustments that producers will make at the beginning of the year. Pressure from rising prices is indicated by the general price expectation index which is expected to increase from 159.3 this month to 163.9. In fact, the price expectation index in December has increased compared to this month, along with the momentum of Christmas and New Year. "The increase in prices is in line with the plan for price adjustments made by producers at the beginning of the year," the survey said, quoted Tuesday (12/11). The BI survey also estimates retail sales will increase in December. However, it declined in January 2019 as the seasonal factors ended Christmas and New Year. This was mainly reflected in the December 2018 sales expectation index (IEP) which reached 165.9, higher than the previous month. However, it decline...

Cut OPEC Oil Production to Boost Oil Prices

Suara Press . Jakarta, World oil prices traded higher in early trading this week. Quoted from Reuters, at the beginning of this week the price of Brent world oil was traded at the price level of US $ 61.85 per barrel, up 0.29 percent compared to trading last weekend. Executive Vice President at Stratas Advisors John Paisie said the strengthening of oil prices was supported by Saudi Arabia's decision and members of the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC member countries to cut production. Saudi Arabia and OPEC member countries are known to agree to cut their oil production in a combined amount of 800 thousand barrels per day. Meanwhile, non-OPEC member states said they would cut production by 400 thousand barrels per day. The cut in production is higher compared to market expectations, which only expect oil production to be cut by 1 million barrels per day. The cut began in January. "I think the Saudis are trying to walk on a rope. They want to ma...

Lack of Support, The Value of the Rupiah Weakens to Rp14,515 per US Dollar

Berita Hub . Jakarta, the rupiah exchange rate was in the position of Rp14,515 per US dollar in spot market trading Monday (10/12) this morning. This position weakened 35 points or 0.24 percent from the end of Friday (7/12) which was at Rp14,480 per US dollar. In the Asian region, the rupiah weakened with several other currencies, such as the South Korean won weakening 0.41 percent, the Philippine peso minus 0.09 percent, the Malaysian ringgit minus 0.06 percent, and the Singapore dollar minus 0.05 percent. While the Thai baht is stagnant. While the Hong Kong dollar and the Japanese yen lean in the green zone, with gains of 0.01 percent and 0.2 percent respectively. In contrast, the majority of the major currencies of developed countries actually strengthened from the US dollar. The Swiss franc rose 0.23 percent, European euro 0.15 percent, Canadian dollar 0.08 percent and Australian dollar 0.01 percent. Only the Russian ruble and the British pound were in the red zone, weaken...