Take note! This afternoon RI’s Official Recession Announcement

Take note!  This afternoon RI’s Official Recession Announcement

Jakarta, CNBC Indonesia – The Central Statistics Agency (BPS) will announce economic growth data seen from the third quarter of 2020 gross domestic product (GDP) at 11:00 WIB, this Thursday (5/11/2020). BPS previously announced a deep economic contraction in the second quarter of 2020. Economic growth in the second quarter of 2020 fell -5.32% compared … Read more

Imports Contracted, JCI Dropped 1.3% at the Closing of Session 1

Imports Contracted, JCI Dropped 1.3% at the Closing of Session 1

Jakarta, CNBC Indonesia – The Composite Stock Price Index (IHSG) closed lower in the first trading session Tuesday (15/9/2020), following a contraction in imports that was worse than market forecasts. JCI in the first session ended down 1.3% or 65.1 points to 5,096.685, or reversed from the opening position which rose 0.1% at 5,169.24. A … Read more