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    • SingCham is the premier business chamber for Singaporean interests in Indonesia. Founded in 2006, SingCham aims to promote the business interests of individuals or companies operating in Singapore and/or Indonesia. SingCham provides networking activities, events, and useful information for its members, and acts as the liaison between the Singaporean business community and the Singapore and Indonesian governments. With a focus on fostering better networking and feedback among members, SingCham is committed to providing valuable resources and insights to help members connect, learn, and grow their businesses in Indonesia. Join SingCham today and become part of a thriving business community that benefits from exclusive resources, networking opportunities, and business insights.

    12Sep, 2018
    Rupiah weakens slightly on Wednesday

    The rupiah weakened slightly on Wednesday to Rp 14,863 per US dollar, from Rp 14, 835 on Monday, according to Bank Indonesia’s Jakarta Interbank Spot Dollar Rate (JISDOR).

    Samuel Sekuritas Indonesia economist Ahmad Mikail said the weakening trend might continue should the dollar index remain at 95.

    He said the dollar was still in a strong position amid the trade war between the United States and China. “China plans to report the US to the WTO [World Trade Organization] for the US’ plan to increase import tariffs on $200 billion worth of Chinese products,” he added as reported by kontan.co.id

     

    (read more: The Jakarta Post)

    3Jul, 2018
    Bank Indonesia expects foreign investment to enter the State Securities

    Bank Indonesia (BI) Governor Perry Warjiyo expects foreign investment to enter Government Securities (SBN) and increase the supply of dollars so as to stabilise rupiah.

    “Therefore, with the auction (SBN), foreign investors then also start entering and it will do the stability of the exchange rate,” Perry said after a meeting in the Ministry of Finance reported Antaranews.com, Tuesday (3/7/2018).

    Perry ensures that BI will continue to stabilise rupiah, either through foreign exchange market intervention or the purchase of SBN in the secondary market. He also said that the response of interest rate hikes has been taken to make the Indonesian financial market, especially government bonds, have a yield that remains attractive to foreign investors.

    The rupiah exchange rate transacted between banks in Jakarta on Tuesday morning shrank seven points to Rp14,397 from Rp14,390 per US dollar. Rupiah continued to shrink until 10:30 am when its exchange rate depreciated 39 points to 14,429 per US dollar.

    Source: Kompas.com