Job openings fell moderately, in line with the expectations of the Fed to suppress inflation. The data shows JOLTS Job Openings As of Oct., as much as 10.3 million (-2.2% MoM) as the FFR reached the level of 3.75%-4.00%, putting pressure on the US economy. On the other hand, the job openings remain high, indicating the US labor market remains solid overall. Amid Wall Street’s gains in late November trading, investors also continued to anticipate the Unemployment Rate data released Friday, providing essential data as input at the FOMC Meeting on December 13-14 local time.
INKP Issues IDR 1.4 Trillion Bonds. PT Indah Kiat Pulp & Paper Tbk. (INKP) will issue bonds and sukuk phase III in 2022 of IDR 1.11 trillion and IDR 318.86 billion respectively in December 2022. The third phase of the bonds is part of a total issuance of IDR 7 trillion which was preceded by the issuance of the first phase of IDR 2 trillion and the second phase of IDR 2.81 trillion. (Bisnis Indonesia)
Indonesia’s Economy Potentially Face a Slow Down in 2023. Bank Indonesia (BI) believes that Indonesia’s economic growth in 2023 will be in the range of 4.5%-5.3% on an annual basis. Even so, BI does not deny that global uncertainty will still affect Indonesia’s economic growth. A few times ago, the world was haunted by the risk of stagflation or high inflation and the risk of stagnant economic growth. (Kontan)
Waiting for the release of manufacturing and inflation data, investors are projected to take a wait and see attitude. The latest data shows that Indonesia’s manufacturing is experiencing a slowdown in expansion, and the November period is projected to reverse inflation, as the prices of a number of food commodities increase.
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