Overview
Indonesia's economy in July 2024 showed mixed signals as the trade surplus narrowed to a 14-month low of USD 0.47 billion, driven by a significant 11.07% surge in imports, suggesting rising domestic demand and supply chain replenishment. However, this could also lead to inflationary pressures and a potential widening of the current account deficit, with GDP growth forecasted to slow to 4.9% in 2024. On the positive side, exports grew by 6.46% YoY, aided by a weaker IDR and robust demand from major trading partners. President Joko Widodo is poised to hand over fiscal responsibilities to President-elect Prabowo Subianto in a crucial State Budget Address, which may indicate future economic policies. Meanwhile, Indonesia’s open unemployment rate has dropped to its lowest since the Reformation Era, and the nation continues to attract investors due to its high carry and growth potential, despite declining interest in state sukuks. The energy sector is seeing significant developments with new projects, including ExxonMobil's planned exploration and ACWA Power's floating solar PV project, while the government is contemplating the early closure of the Suralaya coal plant to tackle Jakarta’s air pollution.
Samuel Sekuritas Indonesia is a leading Indonesian securities brokerage firm. Established in 1997, the firm has grown to become one of the most respected and trusted financial services companies in the country. With a wide range of services and products, Samuel Sekuritas Indonesia has become a trusted partner to many investors, both institutional and individual.
The company offers a variety of financial services, including equity, debt and derivative securities brokerage services, research and portfolio management, asset management and capital market services, as well as a range of other investment solutions. Samuel Sekuritas Indonesia is also a leader in providing financial education and training, and has established itself as a leading provider of investor relations services.
The company has a strong research capability and is committed to providing its clients with up-to-date and reliable market analysis and recommendations. It also has a team of experienced and knowledgeable professionals who are dedicated to providing quality service to its clients. As a result, Samuel Sekuritas Indonesia has become a preferred partner for many investors in Indonesia.
In addition to its financial services, Samuel Sekuritas Indonesia also offers a range of other services, such as corporate finance and advisory services, mergers and acquisitions, and venture capital.