Research & Stock Picks

Economic Reports

03 March 2025

By

Samuel Monthly Economic Insights

Highlights

  • Economic Stability with Structural Challenges: Indonesia’s economy remains stable, supported by trade surplus and investment inflows, but structural challenges persist. GDP growth in 2024 reached 5.03%, though the 8% target for 2025 appears ambitious given current trends. Inflation dropped to a historic low of 0.76% YoY in January 2025, raising concerns about weak consumer demand and deflationary risks.

 

  • Bank Indonesia Holds Rates Amid Market Volatility: Bank Indonesia (BI) maintained its benchmark interest rate at 5.75% to stabilize the rupiah amid market uncertainty. While this decision aims to support currency stability, concerns over capital outflows and inflation management persist, particularly as fiscal pressures mount.

 

  • Rising Current Account Deficit Reflects External Vulnerabilities: Indonesia’s current account deficit (CAD) improved in Q4 2024 to USD 1.15 billion (0.3% of GDP) from USD 1.38 billion in Q4 2023, but the full-year 2024 CAD widened to USD 8.86 billion. This underscores ongoing external vulnerabilities, with Indonesia still reliant on commodity exports amid global market fluctuations.

 

  • Danantara Sovereign Wealth Fund (SWF) Sparks Governance Concerns: The government consolidated USD 900 billion in state assets under Danantara Superholding, targeting investments in nickel processing, AI, and renewable energy. However, governance transparency, political influence, and comparisons to Malaysia’s 1MDB scandal raise investor concerns about long-term sustainability and financial accountability.

 

  • Fiscal and Trade Policies Face Mounting Pressures: Budget reallocations of USD 44 billion to fund Danantara and social programs heighten fiscal sustainability concerns, especially with USD 49 billion in sovereign debt repayments due in 2025. Indonesia recorded USD 3.45 billion trade surplus in January 2025, though this was driven more by declining imports than strong exports. Meanwhile, BRICS membership enhances global trade positioning, but political uncertainties, fiscal risks, and weak investor confidence continue to weigh on market sentiment.

Share This:

Highlights

Download PDF

Download PDF

Monthly Report of February_03032025_EN
Monthly Report of February_03032025_ID

Download PDF

Monthly Report of February_03032025_EN
Monthly Report of February_03032025_ID

More Related

Morning Briefs

Jan 21, 2026

JCI Expected to Weaken Today

Economic Reports

Jan 21, 2026

Samuel Daily Economic Insights 21 January 2026

Economic Reports

Jan 20, 2026

Samuel Daily Economic Insights 20 January 2026

Company Reports

Jan 19, 2026

Place Your Bets

Morning Briefs

Jan 19, 2026

Samuel’s Weekly Stock Statistics: 19-Jan-2025

Morning Briefs

Jan 19, 2026

IHSG Berpotensi Melemah Hari Ini

Economic Reports

Jan 19, 2026

Samuel Weekly Economic Insights 19 January 2026

harga cpo meningkat

Company Reports

Jan 15, 2026

Out of the Woods

Morning Briefs

Jan 15, 2026

JCI is Expected to Sideways Today

Economic Reports

Jan 15, 2026

Samuel Daily Economic Inisghts 15 January 2026

Morning Briefs

Jan 14, 2026

JCI Expected to Strengthen Today

Economic Reports

Jan 14, 2026

Samuel Daily Economic Insights 14 January 2026

Morning Briefs

Jan 13, 2026

JCI is Expected to Move Up Today (13/1/2026)

Economic Reports

Jan 13, 2026

Samuel Daily Economic Insights 13 January 2026

Morning Briefs

Jan 12, 2026

Samuel’s Weekly Stock Statistics: 12-Jan-2025

Morning Briefs

Jan 12, 2026

IHSG Berpotensi Menguat Hari Ini

Economic Reports

Jan 12, 2026

Samuel Weekly Economic Insights 12 January 2026

Morning Briefs

Jan 9, 2026

JCI is Expected to Move Sideways Today

Economic Reports

Jan 9, 2026

Samuel Daily Economic Insights 9 January 2026

Economic Reports

Jan 8, 2026

Indonesia Foreign Exchange Reserves: 8 January 2026

Morning Briefs

Jan 8, 2026

IHSG Expected to Decline Today

Economic Reports

Jan 8, 2026

Samuel Daily Economic Insights 8 January 2026

Morning Briefs

Jan 7, 2026

IHSG Expected to Move Higher Today

Economic Reports

Jan 7, 2026

Samuel Daily Economic Insights 7 January 2026

Morning Briefs

Jan 6, 2026

JCI is Expected to Move Up Today

Economic Reports

Jan 6, 2026

Samuel Daily Economic Insights 6 January 2026

Economic Reports

Jan 5, 2026

Indonesia December Inflation: 5 January 2026

Economic Reports

Jan 5, 2026

Balance of Trade: 5 January 2026

Morning Briefs

Jan 5, 2026

IHSG Berpotensi Menguat Hari Ini

Economic Reports

Jan 5, 2026

Samuel Yearly Economic Report 5 January 2026

penjualan kendaraan melambat

Economic Reports

Jan 2, 2026

Indonesia Manufacturing PMI: 2 January 2026

Morning Briefs

Jan 2, 2026

JCI is Expected to Decline Today

Economic Reports

Jan 1, 2026

Samuel Daily Economic Insights 2 January 2026

Morning Briefs

Dec 30, 2025

JCI is Expected to Decline Today

Economic Reports

Dec 30, 2025

Samuel Daily Economic Insights 30 December 2025

Morning Briefs

Dec 29, 2025

IHSG Berpotensi Melemah Hari Ini

Morning Briefs

Dec 24, 2025

JCI is Expected to Move Up Today

Economic Reports

Dec 24, 2025

Samuel Daily Economic Insights 24 December 2025

Morning Briefs

Dec 23, 2025

JCI is Expected to Move Up Today

Economic Reports

Dec 23, 2025

Samuel Daily Economic Insights 23 December 2025

Morning Briefs

Dec 22, 2025

Samuel’s Weekly Stock Statistics: 22-Dec-2025

Morning Briefs

Dec 22, 2025

JCI is Expected to Move Up Today

Economic Reports

Dec 22, 2025

Samuel Weekly Economic Insights 22 December 2025

Morning Briefs

Dec 19, 2025

JCI is Expected to Move Up Today

Economic Reports

Dec 19, 2025

Samuel Daily Economic Insights 19 December 2025

Company Reports

Dec 18, 2025

WIFI: 3Q25 Results: Bottomline in Line with Our Forecast – BUY, SSI TP: IDR 5,200

Company Reports

Dec 18, 2025

NETV: Bigger & Better

Morning Briefs

Dec 18, 2025

JCI is Expected to Weaken Today

Economic Reports

Dec 18, 2025

Samuel Daily Economic Insights 18 December 2025

Economic Reports

Dec 17, 2025

BI’s 7-Day Repo Rate: 17 December 2025

Morning Briefs

Dec 17, 2025

JCI is Expected to Weaken Today

Economic Reports

Dec 17, 2025

Samuel Daily Economic Insights 17 December 2025

Company Reports

Dec 16, 2025

ENRG Two-Pronged Booster: Discovery & Expansion

Morning Briefs

Dec 16, 2025

IHSG Diperkirakan Melemah Hari Ini (16.12.2025)

Economic Reports

Dec 16, 2025

Samuel Daily Economic Insights 16 December 2025

Morning Briefs

Dec 15, 2025

Samuel’s Weekly Stock Statistics: 12-Dec-2025

Morning Briefs

Dec 15, 2025

JCI is Expected to Decline Today

Economic Reports

Dec 15, 2025

Samuel Weekly Economic Insights 15 December 2025

Morning Briefs

Dec 12, 2025

IHSG Berpotensi Menguat Hari Ini

Economic Reports

Dec 12, 2025

Samuel Daily Economic Insights 12 December 2025

Economic Reports

Dec 11, 2025

Fed Rate Meeting: 11 December 2025

Morning Briefs

Dec 11, 2025

JCI is Expected to Move Up Today

Economic Reports

Dec 11, 2025

Samuel Daily Economic Insights 11 December 2025

Economic Reports

Dec 10, 2025

Indonesia Consumer Confidence Index: 10 December 2025

Morning Briefs

Dec 10, 2025

JCI is Expected to Move Up Today

Economic Reports

Dec 10, 2025

Samuel Daily Economic Insights 10 December 2025

Company Reports

Dec 9, 2025

FILM: The Rise of Superstar: MSCI Momentum

Company Reports

Dec 9, 2025

INET: 3Q25 Results: Beating Estimates – BUY, SSI TP: IDR 1,350

Economic Reports

Dec 9, 2025

Samuel Daily Economic Insights 9 December 2025

Company Reports

Dec 8, 2025

PTRO: Perfect Pit-to-Port Projects – TP at IDR 17,000

Morning Briefs

Dec 8, 2025

Samuel’s Weekly Stock Statistics: 8-Dec-2025

Morning Briefs

Dec 8, 2025

IHSG Berpotensi Menguat Hari Ini

Economic Reports

Dec 8, 2025

Samuel Weekly Economic Insights 8 December 2025

Company Reports

Dec 5, 2025

Earnings Turnaround Ahead

Economic Reports

Dec 5, 2025

Indonesia Foreign Exchange Reserves: 5 December 2025

Morning Briefs

Dec 5, 2025

JCI is Expected to Decline Today

Economic Reports

Dec 5, 2025

Samuel Daily Economic Insights 5 December 2025

Morning Briefs

Dec 4, 2025

JCI is Expected to Move Sideways Today

Economic Reports

Dec 4, 2025

Samuel Daily Economic Insights 4 December 2025

Morning Briefs

Dec 3, 2025

JCI is Expected to Move Up Today

Economic Reports

Dec 3, 2025

Samuel Daily Economic Insights 3 December 2025

Company Reports

Dec 2, 2025

RATU: The Queen of Upstream Investments

Morning Briefs

Dec 2, 2025

JCI is Expected to Move Up Today (2-Dec-2025)

Economic Reports

Dec 2, 2025

Samuel Daily Economic Insights 2 December 2025

Economic Reports

Dec 1, 2025

Indonesia November Inflation: 1 December 2025

Economic Reports

Dec 1, 2025

Balance of Trade 1 December 2025

Economic Reports

Dec 1, 2025

Indonesia Manufacturing PMI: 1 December 2025

Morning Briefs

Dec 1, 2025

Samuel’s Weekly Stock Statistics: 1-Dec-2025

Morning Briefs

Dec 1, 2025

IHSG Berpotensi Menguat Hari Ini

Economic Reports

Nov 30, 2025

Samuel Monthly Economic Insights 1 December 2025

Morning Briefs

Nov 28, 2025

JCI is Expected to Decline Today

Economic Reports

Nov 28, 2025

Samuel Daily Economic Insights 28 September 2025

Morning Briefs

Nov 27, 2025

JCI is Expected to Move Up Today

Economic Reports

Nov 27, 2025

Samuel Daily Economic Insights 27 November 2025

Morning Briefs

Nov 26, 2025

JCI is Expected to Move Up Today

Economic Reports

Nov 26, 2025

Samuel Daily Economic Insights 26 November 2025

Company Reports

Nov 25, 2025

BBKP: Building Momentum – Spec. BUY (Initiation) – TP at IDR 100

Economic Reports

Nov 25, 2025

Samuel Daily Economic Insights 25 November 2025

Morning Briefs

Nov 24, 2025

Samuel’s Weekly Stock Statistics: 24-Nov-2025