VanEck Indonesia Index ETF

Indonesia's Foreign Reserves Drop for Fifth Consecutive Month as Central Bank Pays Price to Stabilize Rupiah

Indonesian Minister Says US Tariff Exemptions Likely Approved, Will Stimulate Economic Growth

Indonesian Rupiah falls to 18015 per USD, hitting record low

PT Telekom Indonesia 于 2026 年 5 月 29 日 (美东时间) 发布 FY2026 Q1 财报，实际营收 21.92 亿 USD (预期 22.56 亿 USD)，实际 EPS 0.2587 USD

Indonesian Central Bank Governor Expects Capital Inflows to Cover June Dollar Demand

Indonesian Central Bank Governor Predicts Rupiah to Strengthen in July and August

Indonesia's Central Bank Unexpectedly Hikes Rates by 50bps, Rupiah Surges Over 0.7% Against Dollar

Bank Indonesia Governor Maintains 2026 GDP Growth Forecast at 4.9%-5.7%

Indonesian Minister of Economy Announces New Export Revenue Rules Effective June 1

Indonesian President Announces Stricter Export Income Regulations

PT Telekom Indonesia released FY2025 Q4 earnings on May 11 (EST), actual revenue USD 2.214 B (forecast USD 2.218 B), actual EPS USD 0.1221

PT Telekom Indonesia released FY2025 earnings on May 11 (EST), actual revenue USD 8.862 B (forecast USD 8.827 B), actual EPS USD 1.086 (forecast USD 1.3552)

Indonesia's GDP Grew 5.61% in Q1, Future Growth May Slow

Indonesia's Central Bank Governor Says Forex Reserves Adequate to Support Rupiah Stability Measures

Fitch downgrades Indonesia's outlook to negative, maintains BBB rating

Fitch Downgrades Indonesia's Sovereign Credit Rating Outlook to Negative

Positive Meeting Progress Between Indonesia Stock Exchange and MSCI

Moody's Downgrades Indonesia's Credit Outlook to Negative

Indonesia prepares to implement a 12.8 trillion Rupiah economic stimulus plan in the first quarter

Indonesia's December Exports Up 11.64% YoY, Exceeding Expectations

Freecast

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EIDO

Global investors are rapidly losing confidence in Indonesia, triggering a 'sell' sentiment as stocks tumble 36% and the rupiah hits record lows. This downturn follows President Prabowo Subianto's interventionist policies and the departure of former Finance Minister Sri Mulyani Indrawati, raising concerns over fiscal discipline and credit ratings. Foreign investors have pulled billions from bonds, with markets fearing further currency depreciation and potential loss of investment-grade status.

Businesstimes News

ISHRS MSCI Indonesia

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JPMorgan Chase

UBS Group AG

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Tumbling stocks, sinking rupiah: ‘Sell Indonesia’ sweeps trading desks as Prabowo tightens grip

Indonesian markets plunged on June 4, with the rupiah breaching 18,000 per dollar and stocks hitting a six-year low. The rout stems from policy uncertainty under President Prabowo, high oil prices, and fears of rating downgrades or MSCI reclassification. Bank Indonesia intervened to stabilize the currency, while foreign funds have sold billions in assets. Investors remain cautious ahead of upcoming MSCI decisions and potential credit outlook revisions.

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Moodys

Indonesian market rout deepens as Prabowo policy risks mount

Indonesian stocks and the rupiah plummeted due to investor caution over fiscal trajectory and policy uncertainty. The Jakarta Composite Index fell 5%, while the currency hit a record low against the dollar. Concerns stem from scrutiny of President Prabowo's free-meal program, centralization of natural resource sales, and ratings agency warnings. Additionally, Middle East conflicts have narrowed trade surpluses and raised inflation, prompting forecasts for a Bank Indonesia rate hike to defend the currency.

MorningStar

United Overseas Bank (UOB)

Indonesian Stocks, Rupiah Tumble Amid Investor Caution

Indonesia's parliament passed legislation expanding Bank Indonesia's mandate to prioritize economic growth and job creation, while allowing lawmakers to evaluate the central bank. This move raises investor concerns about potential political interference under President Prabowo Subianto's high-growth agenda. The bill's passage coincides with market volatility, including a significant rupiah decline and stock market plunge, amid negative credit rating outlooks citing reduced policy credibility.

- The Indonesian Parliament passed significant legislation on June 4, granting lawmakers the power to assess the independence of financial regulatory bodies and the central bank while emphasizing support for economic growth.  
- This unanimous decision reflects the backing of all political parties but raises concerns among investors about potential political interference in the central bank.  
- Amid growing investor skepticism, the Indonesian rupiah has depreciated over 7% against the dollar this year, hitting a record low, with the stock market falling over 30%.

Thomson Reuters

Indonesia passes sweeping bill expanding central bank role to spur growth

Indonesian stocks hit a 14-month low and the rupiah reached record lows, driven by high oil prices straining finances. The Jakarta Composite Index plunged nearly 5%, while the trade surplus vanished in April due to soaring import costs. Inflation exceeded targets, and investor confidence waned amid fears of fiscal slippage, potential credit rating downgrades, and MSCI reclassification.

Indonesian stocks tumble to 14-month low, rupiah drops to record

Indonesia's monthly inflation doubled to 0.28% in May, driven primarily by volatile food prices, especially red chilli peppers due to seasonal demand for sambal. Year-on-year inflation stood at 3.08%, exceeding the central bank's 2.5% target. While the economy grew 5.61% in Q1 2026, the rupiah hit an all-time low against the dollar amid global tensions and seasonal currency demands.

- Indonesia's monthly inflation doubled in May, driven by rising food prices as reported by the BPS statistics bureau.  
- The 0.28% month-over-month inflation rate was mainly due to increases in the prices of red chili, cooking oil, and onions.  
- Indonesia's annual inflation rate stands at 3.08%, with the central bank targeting an inflation rate of 2.5% for this year and next, despite a depreciation of the Indonesian rupiah against the US dollar.

Yahoo Finance

Chilli price drives Indonesia's monthly inflation

Indonesian stocks rose 0.4% to 6,230, marking a third consecutive gain, supported by positive U.S. futures and stable monetary policy. Bank Indonesia raised interest rates to 5.25%, while the government delayed royalty changes to maintain competitiveness. Key sectors like basic materials and energy led the gains, with notable increases from Barito Pacific and Rukun Raharja. Markets will close for public holidays on Wednesday and Thursday.

Trading Economics

Indonesia Stock Rise for 3rd Session Ahead of Midweek Break

ASEA

Asean businesses are focusing on regional growth and investment opportunities amid global volatility, reallocating capital and supply chains within Southeast Asia. A recent survey by The Business Times revealed that while overall sentiment remains positive, expectations for revenue growth have decreased due to geopolitical tensions, particularly from the Middle East conflict. Companies are prioritizing supply chain resilience and are increasingly investing within Asean, with significant shifts in capital allocation towards domestic markets and regional partners.

Global X FTSE Southeast Asia

What will power growth in 2026? Asean business leaders say answer lies close to home: BT survey

Bank Indonesia has raised its benchmark interest rate by 50 basis points to 5.25%, marking its first increase in two years. This decision was influenced by financial pressures from the Iran war, rising oil prices, and a weakened rupiah, amid global volatility linked to the Middle East conflict.

- Bank Indonesia has increased interest rates by 50 basis points to 5.25%, its first rise in two years.  
- This decision responds to financial pressures stemming from the Iran war, rising oil prices, and the weakened rupiah.  
- The central bank highlights global volatility and risks associated with the Middle East conflict as primary factors for this rate hike.

Indonesia raises rates citing Middle East war volatility

The Indonesian rupiah has fallen to record lows against the US dollar, raising investor concerns about the country's fiscal outlook. The currency has depreciated by about 5% this year, prompting fears of inflation and policy direction. While analysts assert that Indonesia's economy is stronger than during the 1998 crisis, worries about rising oil prices and fiscal credibility persist. The government has urged Indonesians to repatriate offshore assets to improve liquidity, but this may also signal concerns over capital flight. Overall, the negative impacts of a weaker rupiah are expected to outweigh the benefits.

Why is the Indonesian rupiah falling, and could confidence be cracking?

VanEck Indonesia Index ETF(IDX.US)