Indonesia · Country watch
Rupiah Weakens, Jakarta Prepares for Rain
The rupiah falls amid Fed rate concerns, while Jakarta readies for heavy rains with tree trimming and waterway clearance.
In this briefing Jakarta · Pramono · Indonesian rupiah · Federal Reserve · Indonesian Stock Exchange · Jakarta Composite Index
Safety & health
Jakarta trims trees, clears waterways for rainy season
_(cropped).jpg){kind=link}
Jakarta authorities, led by Pramono, have initiated measures to prepare for the rainy season, including trimming large trees along main roads and clearing waterways and rivers to prevent flooding, reports Liputan 6. These actions aim to mitigate the risk of fallen trees and waterlogging during heavy rains, which are expected to hit the capital soon.
Impact Logistics operators and public-sector workers in Jakarta benefit from reduced flooding risks due to preventive measures.
Sources: Liputan 6 ↗
Markets
Rupiah weakens as Fed rate hike worries grow
Part of: Indonesian Rupiah's fluctuating performance against USD →
The Indonesian rupiah weakened by 0.50% against the US dollar on Thursday, closing 90 points lower. This decline is attributed to market concerns over a potential interest rate hike by the US Federal Reserve in December 2026, according to ANTARA News. The anticipation of tighter monetary policy in the US has increased demand for the dollar, putting pressure on emerging market currencies like the rupiah.
Impact Currency traders and importers face increased costs as the rupiah weakens against the dollar.
Sources: ANTARA News ↗
383 HSC stocks removed from IHSG calculation
Part of: Volatility in Jakarta Composite Index amid global concerns →
The Indonesian Stock Exchange has removed 383 stocks categorized under High Shareholding Concentration (HSC) from the Jakarta Composite Index (IHSG) calculation, effective Friday. Okezone.com reports that this move aims to adjust the index's constituent weights to better reflect market liquidity conditions. The decision is part of ongoing efforts to enhance the transparency and reliability of the stock market indices.
Impact Investors and fund managers see changes in portfolio valuations as 383 stocks are excluded from the IHSG.
Sources: okezone.com ↗
Nothing significant reported today in Regulation · Disruption · Internal tension · Companies · Trade · Politics.
Also today in the local press
- Politik kemarin, Wapres Gibran berhenti hingga Jokowi dukung Prabowo — ANTARA News
- Pemerintah minta penegakan aturan pasar modal dipercepat — ANTARA News
- Analis: Gibran mundur tidak ganggu investasi jika transisi tertib — ANTARA News
- Pemerintah perkuat reformasi pasar modal guna lindungi aset masyarakat — ANTARA News
- Jerman ingin RI turunkan tarif, perluas investasi hilirisasi, energi — ANTARA News
- Rupiah Tembus Rp18.263, BI Intervensi Pasar Valas dan Borong SBN — okezone.com
- IABI: Banjir dan hujan ekstrem dapat terjadi di tengah El Nino — ANTARA News
- Ancaman Bom Dikirim ke Ribuan Sekolah di Eropa, Picu Evakuasi hingga Lockdown — okezone.com
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.