AGP Executive Report
Last update: 8 hours agoMarkets: Indonesia’s foreign-exchange reserves edged down to US$146.3 billion in September but still cover 5.3 months of imports; the rupiah strengthened to Rp17,887 per US dollar on Wednesday. FTSE Russell also kept Indonesia’s emerging-market status, while continuing to monitor market reforms. Nickel: The government is considering a moratorium on new semi-finished nickel smelters as global oversupply of about 2.5 million tonnes weighs on prices. It may prioritize investment in higher-value finished products. Growth and jobs: Officials are targeting 6% economic growth by 2027 and say they will tackle barriers to private investment. A new labor law has pleased unions but raised business concerns over hiring costs and regulatory uncertainty. Regional trade: Johor Port and Pelindo are exploring a Belawan–Johor corridor to improve cargo flows and supply-chain links between North Sumatra and Malaysia.
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