WEEKLY ECONOMIC UPDATE - SECOND WEEK OF DECEMBER 2021 Presented by Economic Research Division of PEFINDO
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WEEKLY ECONOMIC UPDATE SECOND WEEK OF DECEMBER 2021 Presented by Economic Research Division of PEFINDO
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www.pefindo.com First Week of November 201
1
economic
01 Macroeconomic Update
GLOBAL DOMESTIC
Switzerland’s government expected that the country’s economy Indonesia’s official reserve assets stood at USD145.9 billion as
will grow 3.3% (YoY) this year and 3.0% (YoY) in 2022. The forecast end-of November 2021, increased from USD145.5 billion as
for 2022 growth is lower than previous predictions as the end-of October 2021. The position of official reserve assets
coronavirus situation worsens and restrictions tighten across was equivalent to finance 8.3 months of imports or 8.1
Europe. Supply bottlenecks and stricter Covid-19 measures are months of imports and servicing government’s external debt.
putting a strain on the economy internationally in winter The increase of official reserve assets in November 2021 was
2021/2022. The number of coronavirus cases has surged in influenced, amongst others, by tax and services receipts and
Switzerland in recent weeks while the Omicron variant has also government’s foreign loan withdrawal.
arrived, prompting the government to tighten its restrictions. The Consumer Confidence Index (CCI) in November rose to
118.5 from 113.4 in the previous month. It signaled stronger
consumer confidence in economic conditions. Stronger
consumer confidence in November 2021 was primarily driven
by consumer perception of current economic conditions,
particularly in terms of current job availability and income. A
higher CCI was confirmed by respondents across all spending
and age brackets as well as respondents in most surveyed
cities, led by Pontianak, Palembang, and Mataram.
www.pefindo.com Second Week of December 2021
1
COMMODITIES
Indonesia will bring in a new levy for palm plantations within the next two years, the
proceeds of which will be used to protect public interests and the environment. The new
levy will be collected by regional governments from local palm planters and is part of a new
law aimed at increasing the fiscal capacity of provincial and city administrations. The law
will provide a legal basis for regional governments that have a fiscal capacity to issue
municipal bonds to fund development projects.
Previous : 11/29/21 – 12/03/21 Source: Bloomberg & Investing (2021)
Latest : 12/06/21 – 12/10/21
www.pefindo.com Second Week of December 2021
2
STOCKS
Indonesia's Financial Service Authority (OJK) has issued rules on the listing of technology
companies' shares with multiple voting rights. Under the new rules, which came into effect
on December 1, companies must meet criteria such as operating for at least three years and
recording at least 30% annual revenue growth over three years. The issuance of this
regulation is an effort to encourage financial market deepening, especially in the capital
market sector by accommodating companies that create new innovations.
Previous : 11/29/21 – 12/03/21
Source: Bloomberg (2021)
Latest : 12/06/21 – 12/10/21
www.pefindo.com Second Week of December 2021
3
FOREIGN EXCHANGE
The USD/JPY rose 0.10% to 113.57 while the U.S. dollar index futures that tracks the greenback against a basket of other currencies inched
up 0.04% to 96.370. The U.S. dollar strengthened on Tuesday as concerns about the Omicron Covid-19 variant started receding. Although
there is still a lot of uncertainty over Omicron's health and economic impact, investors have embraced news from South Africa suggesting
the exponential rise in Omicron infections has not been followed by a big wave in hospitalizations.
Previous : 11/29/21 – 12/03/21 Source: Bloomberg (2021)
Latest : 12/06/21 – 12/10/21
www.pefindo.com Second Week of December 2021
402 Bond Market Update
YIELD
10-year government bond yields up to 6.31% on Friday (12/10) from 6.26% on Friday (12/3) in the midst of the release of U.S. inflation data. Investor are
more risk-averse and prefer to hold safe haven assets ahead of the release of inflation data for the United States (U.S.) for the November 2021 period.
This can be seen from foreign capital outflows of the Indonesian financial market. Bank Indonesia (BI) recorded that foreign capital outflows from the
Indonesian financial market amounted to IDR3.23 trillion for the period 6-9 December 2021. Foreign capital outflows through the Government Securities
(SBN) market amounted to IDR8.08 trillion and in the stock market amounted to IDR4. 85 trillion.
On Friday (12/10) the 10-year U.S. treasury yield up to 1.48% from 1.34% on Friday (12/3) along with the concerns of market participants ahead of the
release of U.S. inflation data on Friday night (12/10). Economists in a Dow Jones survey predict the Consumer Price Index (CPI) will shoot up 6.7% year-on-
year (YoY). Such conditions may pose a risk that the Fed will move faster than anticipated. These concerns were in line with economists' forecasts after
higher-than-expected inflation data was released. The U.S. November Consumer Price Index (CPI) increased 6.8% (YoY).
Page
www.pefindo.com Second Week of December 2021
5INDEX
In the first week of December 2021, for corporate bonds rated AAA, yields for 5-10 year tenors were in the range of 6.17%-7.53%. The yield of
AA rated bonds with a tenor of 5-10 years was in the range of 7.25%-8.41%. For A-rated bonds with a tenor of 5-10 years, it was 9.36%-10.63%,
and for BBB-rated bonds with a tenor of 5-10 years, it was 11.34%-12.45%.
Note: average of a specific day with the same day of the previous week.
www.pefindo.com Second Week of December 2021
6GOVERNMENT BOND
Coupon Size Yield
Series Maturity Date Price Volume
(%) (IDR) (%)
FR87 6.500 02/15/31 1,000,000,000 102.75 -- 13,930,877,000,000
FR86 5.500 04/15/26 45,000,000,000 101.43 -- 7,787,322,000,000
FR59 7.000 05/15/27 12,916,000,000 107.45 -- 5,690,892,000,000
PBS 5.450 01/15/22 200,000,000,000 100.18 -- 5,286,000,000,000
FR68 8.375 03/15/34 2,000,000,000 111.69 -- 5,161,973,000,000
FR70 8.375 03/15/24 15,000,000,000 109.12 -- 4,359,897,000,000
FR76 7.375 05/15/48 1,500,000,000 101.45 7.25 3,929,430,000,000
FR78 8.250 05/15/29 1,956,000,000 112.50 -- 3,878,047,000,000
FR82 7.000 09/15/30 2,721,000,000 104.65 6.299 3,654,726,000,000
FR64 6.125 05/15/28 100,000,000 101.00 5.934 2,906,642,000,000
www.pefindo.com Second Week of December 2021
703 Bonds Issuance & Maturity
BOND ISSUANCE
Amount Coupon Tenor
No. Company Instruments Issued Date Rating
[IDR Billion] [%] [Years]
1 PT Mandala Multifinance Tbk Shelf Registration Bond IV Phase IV Year 2021 Series Dec-6-2021 300.00 8.35 1 idA
A
2 PT Mandala Multifinance Tbk Shelf Registration Bond IV Phase IV Year 2021 Series Dec-6-2021 350.00 9.25 3 idA
B
3 PT Indah Kiat Pulp & Paper Tbk Shelf Registration Bond II Phase II Year 2021 Series A Dec-9-2021 796.81 6.00 1 idA+
4 PT Indah Kiat Pulp & Paper Tbk Shelf Registration Bond II Phase II Year 2021 Series B Dec-9-2021 876.81 8.75 3 idA+
5 PT Indah Kiat Pulp & Paper Tbk Shelf Registration Bond II Phase II Year 2021 Series C Dec-9-2021 338.34 9.25 5 idA+
6 PT Indah Kiat Pulp & Paper Tbk Shelf Registration Sukuk Mudharabah I Phase II Year Dec-9-2021 187.20 6.00 1 idA+(sy)
2021 Series A
7 PT Indah Kiat Pulp & Paper Tbk Shelf Registration Sukuk Mudharabah I Phase II Year Dec-9-2021 304.53 8.75 3 idA+(sy)
2021 Series B
8 PT Indah Kiat Pulp & Paper Tbk Shelf Registration Sukuk Mudharabah I Phase II Year Dec-9-2021 247.09 9.25 5 idA+(sy)
2021 Series C
Total 3,400.77
www.pefindo.com Second Week of December 2021
8BOND MATURITY
Maturity Amount Coupon Tenor
No. Company Instruments Rating
Date [IDR Billion] [%] [Years]
DECEMBER
PT Bank Rakyat Indonesia Shelf Registration Bond II Phase I Year 2016 Series C Dec-1-2021 193.00 8.20 5 idAAA
1
(Persero) Tbk
PT Japfa Comfeed Indonesia Shelf Registration Bond II Phase I Year 2016 Series B Dec-1-2021 150.00 9.75 5 A+(idn)
2
Tbk
PT Impack Pratama Industri Bond I Year 2016 Series B Dec-2-2021 100.00 10.50 5 idA-
3
Tbk
4 PT Oki Pulp & Paper Mills MTN V Year 2018 Dec-3-2021 300.00 11.00 3 -
PT Sarana Multi Shelf Registration Bond I Phase III Year 2018 Series B Dec-4-2021 199.25 8.70 3 idAAA
5
Infrastruktur (Persero)
PT Sarana Multigriya MTN Syariah Mudharabah X Year 2020 Dec-5-2021 110.00 Floating 1 idAAA(sy)
6
Finansial (Persero)
7 PT Pindad (Persero) MTN Year 2017 Series D Dec-6-2021 84.29 9.25 3 idBBB+
8 PT Summarecon Agung Tbk Shelf Registration Bond III Phase I Year 2018 Dec-6-2021 416.00 10.75 3 idA
PT J Resources Asia Pasifik Shelf Registration Bond I Phase VI Year 2020 Series A Dec-7-2021 252.17 9.25 1 idBBB
9
Tbk
10 PT Pindad (Persero) MTN Year 2017 Series E Dec-7-2021 265.00 9.25 3 idBBB+
11 PT Angkasa Pura II (Persero) Shelf Registration Bond I Phase I Year 2018 Series A Dec-12-2021 200.00 8.65 3 idAA+
12 PT Indosat Tbk Shelf Registration Bond I Phase I Year 2014 Series C Dec-12-2021 250.00 10.50 7 idAAA
13 PT Indosat Tbk Shelf Registration Sukuk Ijarah I Phase I Year 2014 Series C Dec-12-2021 110.00 10.50 7 idAAA(sy)
PT Tower Bersama Shelf Registration Bond IV Phase II Year 2020 Series A Dec-12-2021 295.00 5.75 1 AA+(idn)
14
Infrastructure Tbk
15 PT Sucor Investama MTN IV Year 2019 Series A Dec-13-2021 150.00 10.59 2 -
16 PT Aneka Tambang Tbk Shelf Registration Bond I Phase I Year 2011 Series B Dec-14-2021 2,100.00 9.05 10 idA
www.pefindo.com Second Week of December 2021
9PT Mandala Multifinance Shelf Registration Bond IV Phase II Year 2020 Series A Dec-14-2021 300.00 9.20 1 idA
17
Tbk
PT Permodalan Nasional Shelf Registration Bond III Phase IV Year 2020 Series A Dec-14-2021 904.80 6.50 1 idAA
18
Madani (Persero)
19 PT Sinar Mas Multifinance Bond III Year 2016 Dec-14-2021 500.00 9.50 5 A-(idn)
20 PT Sucor Investama MTN IV Year 2019 Series B Dec-16-2021 80.00 10.59 2 -
PT Bank Mayapada Subordinated Bond IV Year 2014 Dec-17-2021 255.80 12.50 7 idBBB-
21
Internasional Tbk
22 PT Barito Pacific Tbk Shelf Registration Bond I Phase III Year 2020 Series A Dec-18-2021 167.52 8.25 1 idA
PT Chandra Asri Shelf Registration Bond II Phase I Year 2018 Dec-19-2021 500.00 10.00 3 idAA-
23
Petrochemical Tbk
PT Wahana Ottomitra Shelf Registration Bond III Phase I Year 2018 Series C Dec-20-2021 119.00 10.00 3 AA-(idn)
24
Multiartha Tbk
PT Bank Pembangunan Shelf Registration Bond I Phase I Year 2018 Series B Dec-21-2021 155.00 10.50 3 idA-
25 Daerah Nusa Tenggara
Timur
PT Indah Kiat Pulp & Paper Shelf Registration Bond I Phase III Year 2020 Series A Dec-21-2021 504.64 8.50 1 idA+
26
Tbk
27 PT Kapuas Prima Coal Tbk Bond I Year 2018 Series D Dec-21-2021 18.40 16.30 3 idBBB
PT Medco Energi Shelf Registration Bond II Phase III Year 2016 Series B Dec-21-2021 5.00 11.30 5 idA+
28
Internasional Tbk
29 Perum Perikanan Indonesia MTN I Year 2017 Series B Dec-22-2021 20.25 9.35 3 idBB
PT Chandra Asri Bond I Year 2016 Series B Dec-22-2021 138.60 11.30 5 idAA-
30
Petrochemical Tbk
PT Bank Pembangunan Shelf Registration Bond II Phase I Year 2018 Series A Dec-28-2021 467.00 10.40 2 idA+
31 Daerah Sulawesi Selatan
dan Sulawesi Barat
PT Permodalan Nasional MTN XIX Year 2018 Series A Dec-28-2021 70.00 10.50 3 idAA
32
Madani (Persero)
PT Permodalan Nasional MTN XIX Year 2018 Series B Dec-28-2021 105.00 10.50 3 idAA
33
Madani (Persero)
PT Permodalan Nasional MTN XIX Year 2018 Series C Dec-28-2021 105.00 10.50 3 idAA
34
Madani (Persero)
www.pefindo.com Second Week of December 2021
10PT Permodalan Nasional MTN XIX Year 2018 Series D Dec-28-2021 142.50 10.50 2 idAA
35
Madani (Persero)
PT Permodalan Nasional MTN XIX Year 2018 Series E Dec-28-2021 201.00 10.50 2 idAA
36
Madani (Persero)
PT Wijaya Karya (Persero) SB Perpetual I Year 2018 Dec-28-2021 600.00 10.50 3 A+(idn)
37
Tbk
PT Asietex Sinar MTN I Year 2017 Series H Dec-30-2021 30.00 11.00 4 -
38
Indopratama
Total 10,564.21
JANUARI
PT Asietex Sinar MTN II Year 2017 Series E Jan-7-2022 35.00 11.00 5 -
1
Indopratama
2 PT Mandiri Tunas Finance Shelf Registration Bond IV Phase I Year 2019 Series A Jan-8-2022 800.00 9.40 3 idAA+
PT Tridomain Performance Bond I Year 2018 Jan-8-2022 100.00 10.50 3 -
3
Materials Tbk
PT Permodalan Nasional MTN XIII Year 2017 Series A Jan-10-2022 50.00 11.25 5 -
4
Madani (Persero)
PT Permodalan Nasional MTN XIII Year 2017 Series B Jan-10-2022 110.00 11.25 5 -
5
Madani (Persero)
PT Permodalan Nasional MTN XIII Year 2017 Series C Jan-10-2022 200.00 11.25 5 -
6
Madani (Persero)
PT Permodalan Nasional MTN XIII Year 2017 Series D Jan-10-2022 15.00 11.25 5 -
7
Madani (Persero)
PT Bank Capital Indonesia Subordinated Bond I Year 2014 Jan-13-2022 200.00 12.00 7 idBBB-
8
Tbk
9 PT Oki Pulp & Paper Mills MTN VI Year 2019 Jan-15-2022 300.00 11.00 3 -
PT Adira Dinamika Multi Shelf Registration Bond IV Phase IV Year 2019 Series B Jan-23-2022 58.00 9.00 3 idAAA
10
Finance Tbk
PT Adira Dinamika Multi Shelf Registration Sukuk Mudharabah III Phase III Year 2019 Series Jan-23-2022 55.00 9.00 3 idAAA(sy)
11
Finance Tbk B
PT Perkebunan Nusantara III MTN II Year 2018 Jan-23-2022 375.00 11.00 3 idBBB
12
(Persero)
PT Perkebunan Nusantara III MTN Syariah Ijarah I Year 2018 Jan-23-2022 125.00 11.00 3 idBBB(sy)
13
(Persero)
www.pefindo.com Second Week of December 2021
1114 PT Indosuryo Wahyupahala MTN I Year 2018 Series A Jan-26-2022 30.00 14.25 4 -
15 PT Indosuryo Wahyupahala MTN I Year 2018 Series B Jan-26-2022 25.00 14.25 4 -
16 PT Indosuryo Wahyupahala MTN I Year 2018 Series C Jan-26-2022 21.25 14.25 4 -
17 PT Indosuryo Wahyupahala MTN I Year 2018 Series D Jan-26-2022 22.40 14.25 4 -
18 PT Indosuryo Wahyupahala MTN I Year 2018 Series E Jan-26-2022 16.10 14.25 4 -
Total 2,537.75
FEBRUARY
1 PT ALP Petro Industry MTN I Year 2020 Feb-3-2022 USD6.00 mn 4.12 2 -
2 PT XL Axiata Tbk Shelf Registration Bond I Phase II Year 2019 Series B Feb-8-2022 191.00 8.65 3 AAA(idn)
3 PT XL Axiata Tbk Shelf Registration Sukuk Ijarah II Phase II Year 2019 Series B Feb-8-2022 110.00 8.65 3 AAA(idn)
PT Sarana Multigriya Shelf Registration Bond IV Phase VII Year 2019 Series B Feb-12-2022 748.50 8.80 3 idAAA
4
Finansial (Persero)
5 PT Astra Sedaya Finance Shelf Registration Bond IV Phase II Year 2019 Series B Feb-13-2022 670.00 8.80 3 idAAA
6 PT Oki Pulp & Paper Mills MTN VII Year 2019 Feb-15-2022 300.00 11.00 3 -
7 PT PP Properti Tbk Shelf Registration Bond II Phase II Year 2021 Feb-15-2022 300.00 10.70 1 idBBB-
8 PT Duta Anggada Realty Tbk Shelf Registration Bond II Phase I Year 2021 Feb-19-2022 204.33 11.50 1 irBBB+
PT Perusahaan Listrik Shelf Registration Bond III Phase III Year 2019 Series A Feb-19-2022 369.00 8.50 3 idAAA
9
Negara (Persero)
PT Perusahaan Listrik Shelf Registration Sukuk Ijarah III Phase III Year 2019 Series A Feb-19-2022 263.00 8.50 3 idAAA(sy)
10
Negara (Persero)
11 PT Adhi Persada Properti MTN V Year 2018 Series A Feb-20-2022 100.00 11.25 3 -
12 PT Adhi Persada Properti MTN V Year 2018 Series B Feb-20-2022 100.00 11.25 3 -
PT Pembangunan Jaya Ancol Shelf Registration Bond II Phase II Year 2021 Series A Feb-20-2022 516.00 7.25 1 idA
13
Tbk
PT Sarana Multigriya Shelf Registration Bond V Phase V Year 2021 Series A Feb-20-2022 1,500.08 4.75 1 idAAA
14
Finansial (Persero)
PT Sarana Multigriya Shelf Registration Sukuk Mudharabah I Phase III Year 2021 Feb-20-2022 100.01 4.75 1 idAAA(sy)
15
Finansial (Persero)
www.pefindo.com Second Week of December 2021
1216 PT Sinar Mas Multifinance Shelf Registration Bond II Phase II Year 2021 Series A Feb-21-2022 348.00 9.75 1 irA+
PT Waskita Karya (Persero) Shelf Registration Bond II Phase III Year 2017 Series B Feb-21-2022 910.00 9.00 5 idBBB
17
Tbk
PT BFI Finance Indonesia Shelf Registration Bond IV Phase II Year 2019 Series B Feb-22-2022 500.00 10.50 3 AA-(idn)
18
Tbk
19 PT PP Properti Tbk Shelf Registration Bond I Phase II Year 2019 Feb-22-2022 800.00 11.15 3 idBBB-
Lembaga Pembiayaan Shelf Registration Bond III Phase IV Year 2017 Series C Feb-23-2022 748.00 8.90 5 idAAA
20
Ekspor Indonesia
21 PT Mayora Indah Tbk Shelf Registration Bond I Phase I Year 2017 Feb-24-2022 500.00 9.25 5 idAA
PT Permodalan Nasional Sukuk Mudharabah II Year 2018 Series A Feb-26-2022 60.00 Floating 3 idAA(sy)
22
Madani (Persero)
PT Permodalan Nasional Sukuk Mudharabah II Year 2018 Series B Feb-26-2022 240.00 Floating 3 idAA(sy)
23
Madani (Persero)
PT Tower Bersama Shelf Registration Bond IV Phase III Year 2021 Series A Feb-27-2022 1,898.00 5.50 1 AA+(idn)
24
Infrastructure Tbk
Total 11,475.92
Notes: *) Amount in USD excluded.
www.pefindo.com Second Week of December 2021
1304 News Analytics
Description :
AUTO : Automotive BANK : Banking FINA : Multifinance FOOD : Food and Beverage
HOTL : Hotel INSR : Insurance and Guarantee METL : Metal MINE : Mining
PLAN : Plantation POWR : Power and Energy PROP : Property RENT : Vehicle Rental and Transportation
SRPT : Seaport SUBN : Subnational Entity TLCO : Telecommunication TOLL : Toll Road
TRAD : Trading and Distribution
www.pefindo.com Second Week of December 2021
14News
Industries
Positive Negative
Automotive Industri Mengejar Produksi Mobil Listrik. Efek Berganda PPnBM Otomotif Belum Signifikan Pada Industri Ban.
Pasalnya, kendaraan listrik diprediksi bakal berkembang pesat di masa Hal itu dikarenakan masa penggunaan ban mobil yang biasanya berkisar
mendatang seiring dengan program dunia untuk mengurangi emisi 12 hingga 18 bulan.
karbon.
Banking Kuartal III, Perbankan Raih Laba Bersih Rp104,6 Triliun.
Laba bersih tersebut didorong oleh pendapatan bunga bersih (net interest
income/NII) yang tumbuh 12,94% dari Rp280,86 triliun menjadi Rp317,21
triliun. Kemudian, pendapatan operasional selain bunga tercatat Rp361,7
triliun, meningkat 16,28% secara tahunan (year on year/YoY).
Construction BUMN Konstruksi Getol Membidik Kontrak Baru.
Hal ini didukung dengan pembukaan sektor ekonomi dan stimulus
kebijakan tahun 2022 yang berdampak pada kenaikan konsumsi dan
pemulihan ekonomi nasional.
Food and Beverage Impor Susu Bakal Meningkat Lagi.
Hal ini, seiring dengan bertambahnya kapasitas produksi pabrik dan
konsumsi masyarakat.
Hotel and Tourism Pariwisata Terganjal Lagi Ketentuan Isolasi.
Hal ini, karena pemerintah menetapkan masa karantina pelaku perjalanan
internasional menjadi 10 hari. Tentu, perpanjangan masa karantina
membawa dampak kurang baik di industri pariwisata.
Insurance Industri Asuransi Mulai Pulih.
Pemulihan industri asuransi tersebut juga seiring dengan meningkatnya
kepercayaan masyarakat, serta pandemi Covid-19 yang semakin
menumbuhkan kesadaran masyarakat untuk memiliki asuransi jiwa.
www.pefindo.com Second Week of December 2021
15News
Industries
Positive Negative
Mass Media Angin Segar Film Layar Lebar.
Hal ini, setelah pemerintah memberikan stimulus untuk memproduksi film
layar lebar dan kembali dibukanya bioskop nasional.
Metal and Gold Emas Terus Menanjak. Komoditas Logam Mulia Tertekan.
Hal ini, seiring melemahnya indeks dolar AS dan imbal hasil obligasi AS. Penyebab utama pelemahan harga logam mulia adalah ekspektasi
Selain itu, kekhawatiran akan varian Omicron membuat investor kenaikan suku bunga acuan yang dilakukan bank sentral global. Selain
memburu aset aman. itu, kinerja dolar Amerika Serikat yang bersinar tahun ini turut menekan
kinerja logam mulia.
Mining Minyak Kembali Bangkit. Rekor Emas Hitam Terhenti.
Minyak memanas setelah OPEC+ mempertahankan penambahan produksi Penurunan HBA ini dipengaruhi oleh intervensi kebijakan Pemerintah
pada level yang sudah ada sebelumnya. Namun tidak menutup China dalam menjaga kebutuhan batubara domestik negara itu.
kemungkinan mereka mengadakan pertemuan sebelum Januari jika Penurunan HBA bulan ini juga disebabkan oleh masih berlangsungnya
diperlukan untuk membahas hal yang darurat. krisis energi.
Multifinance Pembiayaan Bermasalah Multifinance Kian Melandai.
Penurunan kredit bermasalah tidak terlepas dari langkah-langkah mitigasi
risiko yang digulirkan perusahaan pembiayaan di masa pandemi.
Municipal Elektronifikasi Perbaiki Pengelolaan Keuangan Daerah.
Hal ini, karena ekonomi digital di Tanah Air berkembang secara
eksponensial dan mampu tampil sebagai kekuatan baru. Diharapkan akan
memperbaiki pengelolaan keuangan pemerintah daerah sehingga lebih
efisien, transparan, serta akuntabel, dan pada akhirnya dapat
meningkatkan pendapatan asli daerah.
Plantation CPOPC Sepakat Wujudkan Industri Kelapa Sawit Berkelanjutan. Ironi Minyak Goreng di Negeri Kaya Sawit.
Salah satu visi utama CPOPC adalah untuk menyejahterakan hidup dari Kenaikan harga minyak goreng tersulut lonjakan harga CPO. Pasalnya,
jutaan petani sawit di berbagai negara produsen minyak sawit di seluruh sepanjang tahun 2021, harga CPO terus mengalami kenaikan dan sudah
dunia. mencapai level tertinggi.
www.pefindo.com Second Week of December 2021
16News
Industries
Positive Negative
Power and Energy Intervensi Mengatasi Letupan Harga Energi.
Hal ini karena, krisis energi di wilayah Eropa, Asia, hingga Amerika Serikat
yang memicu harga meroket.
Property Rumah Mewah Makin Cerah. Terjerat Bunga KPR.
Hal ini, salah satunya karena masyarakat kelas menengah ke atas justru Hal ini, karena bunga KPR yang floating kadang membuat kaget para
masih memiliki daya beli, karena memiliki tabungan di perbankan dan debitur. ada tiga kemungkinan penyebab orang seperti tidak siap
menggunakannya untuk berinvestasi di sektor properti. Selain itu, dengan bunga floating. Pertama, memaksakan diri. Dalam arti.
peningkatan penjualan rumah juga turut didorong kebijakan penghapusan sebetulnya penghasilannya memang mepet dengan cicilan yang awal.
PPN rumah siap huni yang digulirkan pemerintah sampai Desember 2021. Kedua, bisa juga cicilan awal itu bukan merupakan suku bunga normal,
tapi suku bunga promo. Ketiga, terlalu optimistis. Muncul anggapan
nanti penghasilan akan naik.
Toll Road Investasi Tol Masih Menjanjikan.
Hal ini, seiring dengan besarnya kebutuhan infrastruktur di Tanah Air.
Pasalnya, kebutuhan anggaran untuk pembangunan sektor infrastruktur
dan perumahan selama 2020-2024 mencapai Rp2.058 triliun.
Trading and Perdagangan Antardaerah Marak. Beleid Impor Picu Kegamangan.
Hal ini, untuk menciptakan jaringan pasar yang berkelanjutan sekaligus Pasalnya, Ada aturan yang berbeda dari dua kementerian yaitu
Distribution mendorong potensi komoditas yang ada di masing-masing daerah. kementerian perdagangan dan kementerian pertanian ini dan
mengakibatkan pelaku usaha
Vehicle Rental and Sektor Aviasi Mulai Bergairah.
Hal ini, seiring dengan telah meredanya pandemi Covid-19 dan kegiatan
Transportation ekonomi serta industri penerbangan mulai berangsur-angsur pulih.
www.pefindo.com Second Week of December 2021
17Stock Index
Period Unit IHSG PEFINDO25 PEFINDO i-Grade
11/12/2021 % (WoW) 1.05% 2.14% -0.22%
11/19/2021 % (WoW) 1.04% 1.34% 1.80%
11/26/2021 % (WoW) -2.36% -2.01% -1.91%
12/03/2021 % (WoW) -0.35% -1.40% -0.07%
12/10/2021 % (WoW) 1.75% 1.87% 0.18%
www.pefindo.com Second Week of December 2021
18Indonesia Rating Highlight Publication Indonesia Sectoral Review
(IRH) (ISR)
In addition to rating services, PEFINDO also
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conditions of Indonesia. Both magazines also
offer risk analysis in relation to certain
industrial sectors. In addition, get our research
such as research on demand services.
Published 2 (two) times a year. Published 6 (six) times a year.
Including a rating report from active Containing economic and
companies rated. monetary, bond markets, sectoral
review, and company review.
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19Weekly Economic Update
Presented By Economic Research Division of PEFINDO
pef-economic@pefindo.co.id
Macroeconomic Update : Aulia Ikhsan
Bond Market Update : Wasis Kurnianto/Ahmad Nasrudin
Bonds Issuance & Maturity : Wasis Kurnianto
News Analytics : Khaerin
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