The volatility of the rupiah makes investors wait and see. Investors are watching the wide volatility of the rupiah, ahead of the release of Cadev data. The latest data shows that Cadev in August was valued at USD132.2 billion or relatively the same from the previous month, indicating a potential for capital inflows to Indonesia amid the sentiment of strengthening USD.
WSBP: Residential Market Modular Sales Lyrics. PT Waskita Beton Precast Tbk (WSBP) is expanding its modular sales to the residential market. The Company has completed 169 residential works for the middle market segment. For upper-middle residential areas, the Company is collaborating with Delta Mas to complete 42 houses in a complex called Savasa. The Company also participated in several housing tenders held by PUPR and other private companies, both at IKN and elsewhere. (Kontan)
Exemption of CPO Export Levy until December. The government plans to extend the exemption from crude palm oil (CPO) export levies and reduce it until December 2022. A number of opinions say that this policy can maintain the price of Fresh Fruit Bunches (FFB) at the level of oil palm farmers. This policy will also help reduce the burden on oil palm entrepreneurs so they can buy smallholder FFB at competitive prices. For the record, with zero export levies, local prices can still stay at the level of IDR 10,500 – 11,000 per kg. (Kontan)
Cadev data closed the market over the weekend. Investors are looking forward to the Cadev Indonesia data, amid the relatively wide volatility of the Rupiah exchange rate or in the range of IDR15,150/USD – IDR15,300/USD a week. Although not directly, market players are also anticipating the impact of cutting production in OPEC+ crude oil producing countries by 2 million bpd starting in November 2022. Production cuts reduce global crude oil inventories, resulting in an increase in fuel prices which in turn adds to the burden of inflation.
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