WEEKLY ECONOMIC UPDATE - FOURTH WEEK OF JUNE 2021 Presented by Economic Research Division of PEFINDO
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WEEKLY ECONOMIC UPDATE FOURTH WEEK OF JUNE 2021 Presented by Economic Research Division of PEFINDO
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www.pefindo.com First Week of November 201
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economic
01 Macroeconomic Update
GLOBAL DOMESTIC
Next Friday's U.S. employment report will allow investors to Bank Indonesia (BI) estimates that there will be deflation in
gauge whether a powerful U.S. recovery could push the Federal the fourth week of June 2021 of 0.11% on a monthly basis
Reserve to start unwinding ultra-easy monetary policies sooner (mtm). Then, inflation on a calendar year (ytd) is estimated at
than expected. An unexpectedly hawkish Fed shifting its first 0.79% and year-on-year (YoY) at 1.3%. BI Executive Director,
post-pandemic rate hike into 2023 took markets by surprise, Erwin Haryono stated that the main contributors to deflation
briefly denting stocks - before they returned to record highs in the fourth week of June 2021 (mtm) were red chili
thanks to soothing words from chief Jerome Powell. commodities which were -0.06%, broiler meat -0.08%, inter-
The Nasdaq and S&P 500 U.S. stock indexes scaled new peaks this city transportation rates -0.06%, cayenne pepper -0.04%, and
week, with investors cheering data that showed record U.S. red onion -0.02%.
factory activity in June. The higher inflows into growth stocks
came as investors shifted their focus back to tech and other high-
flying growth stocks as the allure of value stocks diminished after
the Fed's hawkish tilt last week.
www.pefindo.com Fourth Week of June 2021
1
COMMODITIES
Brent crude oil price was up 0.03% to USD75.88 and West Texas Intermediate crude oil
price rose 0.04% to USD73.33 in Friday (6/25), ending the week with small gains in an
otherwise volatile session as investors await an upcoming Organization of the Petroleum
Exporting Countries and allies (OPEC+) meeting. However, according to Tyche Capital
Advisors LL's managing member of the global macro program Tariq Zahir, the uncertainty
over increases in OPEC+ production could become a risk for portfolio managers at the end
of the quarter.
Gold was up 0.06% to USD1,777.70 on Friday (6/25) morning in Asia as investors digested
mixed signals from U.S. Federal Reserve officials on interest rate hikes earlier this week,
while awaiting U.S. inflation data due later.
Previous : 06/14/21 – 06/18/21 Source: Bloomberg & Investing (2021)
Latest : 06/21/21 – 06/25/21
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STOCKS
U.S. stocks were mixed after the close on Friday, as gains in the consumer goods, utilities
and financials sectors led shares higher while losses in the technology, basic materials and
telecoms sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average
added 0.69%, while the S&P 500 index climbed 0.33%, and the NASDAQ Composite index
lost 0.06%.
Previous : 06/14/21 – 06/18/21 Source: Bloomberg (2021)
Latest : 06/21/21 – 06/25/21
www.pefindo.com Fourth Week of June 2021
3
FOREIGN EXCHANGE
The rupiah exchange rate was at IDR14,425 per US dollar on Friday (25/6) afternoon. This position strengthened 15 points or 0.1 percent
from IDR14,440 per US dollar on Thursday (6/24). Meanwhile, the reference rate of Bank Indonesia (BI), the Jakarta Interbank Spot Dollar
Rate (Jisdor) placed the rupiah at IDR14,447 per US dollar or strengthened from IDR14,462 per US dollar on Thursday.
Previous : 06/14/21 – 06/18/21 Source: Bloomberg (2021)
Latest : 06/21/21 – 06/25/21
www.pefindo.com Fourth Week of June 2021
4
02 Bond Market Update
YIELD
10-year government bond yields up 6.541% on Friday (6/25) from 6.535% on Friday (6/18) in line with the surge in Covid-19 cases in Indonesia.
The daily cases of Covid-19 in Indonesia, which have crossed over 20 thousand on Thursday (6/24) or the highest increase during the
pandemic. With the increasing spike in Covid-19 cases, we assess that activity restrictions will be tightened so that it will hold back the pace
of economic recovery. This makes investors hunt for short-term government securities (SBN) with tenors of 1 year and 5 years rather than
long-term ones that offer high yields but with increased risk.
On Friday (6/25) the 10-year U.S. treasury yield up to 1.49% from 1.48% on Friday (6/18) along with the release of inflation data as expected.
The Commerce Department reported core personal consumption expenditures/PCE rose 3.4% in May from a year earlier, as expected.
Meanwhile, President Joe Biden announced Thursday that the White House had struck an infrastructure deal with a bipartisan group of
senators. The lawmakers have worked for weeks to craft a roughly $1 trillion package that could get through Congress with support from
both parties. The framework will include $579 billion in new spending on transportation like roads, bridges and rail, electric vehicle
infrastructure and electric transit, among other things.
Page
www.pefindo.com Fourth Week of June 2021
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INDEX
In the third week of June 2021, corporate bond yields with AAA rating, the yield for the 9-10 year tenor was in range 7.79%-7.84%. In AA rated
bonds with a 9-10 year tenor was in the range of 8.33%-8.35%. For A rated bonds with a 9-10 year tenor in range 11.04%-11.12%, and at BBB
rating in range 12.49%-12.55%.
Note: average of a specific day with the same day of the previous week.
www.pefindo.com Fourth Week of June 2021
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GOVERNMENT BOND
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03 Bonds Issuance & Maturity
BOND ISSUANCE
Amount Coupon Tenor
No. Company Instruments Issued Date Rating
[IDR Billion] [%] [Years]
PT Maybank Indonesia Finance Shelf Registration Bond III Phase I Year 2021 Jun-24-2021 500.00 6.30 3 AA+(idn)
1
PT Permodalan Nasonal Madani Sukuk Mudharabah IV Year 2020 Series C Jun-25-2021 200.00 Floating 2 idA+(sy)
2
(Persero)
Total 700.00
www.pefindo.com Fourth Week of June 2021
8BOND MATURITY
Maturity Amount Coupon Tenor
No. Company Instruments Rating
Date [IDR Billion] [%] [Years]
JUNE
1 PT Mandiri Tunas Finance Shelf Registration Bond II Phase II Year 2016 Series B Jun-1-2021 680.00 9.25 5 idAA+
PT Bank Victoria
2 Shelf Registration Bond I Phase II Year 2018 Series A Jun-5-2021 100.00 9.70 3 idA-
International Tbk
Lembaga Pembiayaan
3 Shelf Registration Bond IV Phase I Year 2018 Series A Jun-6-2021 938.00 7.50 3 idAAA
Ekspor Indonesia
Lembaga Pembiayaan
4 Shelf Registration Sukuk Mudharabah I Phase I Year 2018 Series B Jun-6-2021 365.00 7.50 3 idAAA(sy)
Ekspor Indonesia
5 PT Suparma Tbk MTN I Year 2016 Series A Jun-6-2021 USD5.00 mn 5.50 5 -
6 PT PP Properti Tbk MTN XII Year 2018 Series C Jun-7-2021 80.00 9.25 3 idBBB-
Lembaga Pembiayaan
7 Shelf Registration Bond III Phase I Year 2016 Series C Jun-8-2021 2,252.00 8.70 5 idAAA
Ekspor Indonesia
PT Wahana Ottomitra
8 Shelf Registration Bond II Phase V Year 2018 Series B Jun-8-2021 67.50 8.60 3 AA-(idn)
Multiartha Tbk
PT Wahana Ottomitra
9 Shelf Registration Bond III Phase III Year 2020 Series A Jun-8-2021 227.50 8.50 1 AAA(idn)
Multiartha Tbk
PT Indah Kiat Pulp & Paper
10 Shelf Registration Bond I Phase I Year 2020 Series A Jun-15-2021 495.50 9.00 1 idA+
Tbk
11 PT Bumi Serpong Damai Tbk Shelf Registration Bond II Phase I Year 2016 Series A Jun-16-2021 625.00 9.00 5 idAA-
12 PT Candrakarya Multikreasi MTN I Phase I Year 2020 Series A Jun-19-2021 35.20 10.75 1 -
PT Pelabuhan Indonesia I
13 Bond I Year 2016 Series B Jun-21-2021 500.00 9.00 5 idAA-
(Persero)
PT Perusahaan Listrik
14 Bond VIII Year 2006 Series B Jun-21-2021 865.00 13.75 15 idAAA
Negara (Persero)
PT Batavia Prosperindo
15 Shelf Registration Bond II Phase I Year 2018 Jun-25-2021 206.50 11.00 3 idBBB
Finance Tbk
www.pefindo.com Fourth Week of June 2021
916 PT BFI Finance Indonesia
Shelf Registration Bond IV Phase I Year 2018 Series B Jun-26-2021 552.00 7.75 3 AA-(idn)
Tbk
17 PT Bank Pan Indonesia Tbk Shelf Registration Bond II Phase I Year 2016 Jun-28-2021 2,000.00 9.15 5 idAA
PT Bank Tabungan Negara
18 Bond XV Year 2011 Jun-28-2021 1,300.00 9.50 10 idAA+
(Persero) Tbk
PT Bank Victoria
19 Shelf Registration Bond II Phase I Year 2019 Jun-28-2021 100.00 9.75 2 idA-
International Tbk
PT Intiland Development
20 Bond II Year 2016 Series B Jun-29-2021 162.00 11.00 5 idBBB
Tbk
21 PT Angkasa Pura II (Persero) Bond I Year 2016 Series A Jun-30-2021 1,000.00 8.60 5 idAAA
PT Asietex Sinar
22 MTN I Year 2017 Series F Jun-30-2021 30.00 11.00 4 -
Indopratama
23 PT Bank DKI Shelf Registration Bond I Phase I Year 2016 Jun-30-2021 1,000.00 9.25 5 idAA-
Total 13,581.20
JULY
1 PT PP Properti Tbk Bond Phase I Year 2016 Series B Jul-1-2021 400.00 9.90 5 idBBB-
PT Tower Bersama
2 Shelf Registration Bond II Phase I Year 2016 Jul-1-2021 230.00 9.25 5 AA-(idn)
Infrastructure Tbk
3 PT Medco Power Indonesia Bond I Year 2018 Series A Jul-4-2021 249.00 9.75 3 idA
4 PT Medco Power Indonesia Sukuk Wakalah I Year 2018 Series A Jul-4-2021 150.00 9.75 3 idA(sy)
PT Tridomain Performance
5 MTN III Year 2018 Jul-4-2021 250.00 10.50 3 idCCC
Materials
PT Mandala Multifinance
6 Shelf Registration Bond III Phase I Year 2018 Series B Jul-5-2021 150.00 9.50 3 idA
Tbk
PT Tower Bersama
7 Shelf Registration Bond III Phase I Year 2018 Jul-5-2021 608.00 8.50 3 AA-(idn)
Infrastructure Tbk
8 PT Bank OCBC NISP Tbk Shelf Registration Bond III Phase I Year 2018 Series C Jul-6-2021 342.00 7.75 3 idAAA
PT Pembangunan
9 Shelf Registration Bond II Phase I Year 2018 Series A Jul-6-2021 1,040.00 8.25 3 idA
Perumahan (Persero) Tbk
10 PT PP Properti Tbk Shelf Registration Bond I Phase I Year 2018 Series A Jul-6-2021 523.00 9.00 3 idBBB-
www.pefindo.com Fourth Week of June 2021
1011 PT Sarana Multi
Shelf Registration Green Bond I Phase I Year 2018 Series A Jul-6-2021 251.50 7.55 3 idAAA
Infrastruktur (Persero)
PT Sarana Multi
12 Shelf Registration Sukuk Mudharabah I Phase I Year 2018 Series A Jul-6-2021 680.00 7.55 3 idAAA(sy)
Infrastruktur (Persero)
PT Asietex Sinar
13 MTN II Year 2017 Series C Jul-7-2021 30.00 11.00 4 -
Indopratama
14 PT Modernland Realty Tbk Shelf Registration Bond I Phase I Year 2015 Series B Jul-7-2021 150.00 12.5 6 idCCC
PT Bank Maybank Indonesia
15 Shelf Registration Subordinated Bond II Phase I Year 2014 Jul-8-2021 1,500.00 11.35 7 idAA
Tbk
PT Anabatic Technologies
16 Convertible Bond Year 2018 Jul-11-2021 560.00 5.00 3 -
Tbk
17 PT Sinar Mas Multifinance Shelf Registration Bond I Phase I Year 2018 Series B Jul-11-2021 80.00 9.75 3 A-(idn)
PT Bank Pembangunan
18 Daerah Sulawesi Selatan Shelf Registration Bond I Phase I Year 2016 Jul-15-2021 500.00 9.35 5 idA+
dan Sulawesi Barat
PT Bank Pembangunan
19 Daerah Sulawesi Selatan Sukuk Mudharabah II Year 2016 Jul-15-2021 50.00 9.35 5 idA+(sy)
dan Sulawesi Barat
Lembaga Pembiayaan
20 MTN I Year 2016 Jul-15-2021 500.00 8.65 5 idAAA
Ekspor Indonesia
PT Mandala Multifinance
21 Shelf Registration Bond IV Phase I Year 2020 Jul-16-2021 150.00 9.00 1 idA
Tbk
PT Adira Dinamika Multi
22 Shelf Registration Bond V Phase I Year 2020 Series A Jul-17-2021 483.95 6.90 1 idAAA
Finance Tbk
PT Adira Dinamika Multi
23 Shelf Registration Sukuk Mudharabah IV Phase I Year 2020 Jul-17-2021 200.00 6.90 1 idAAA(sy)
Finance Tbk
Lembaga Pembiayaan
24 Shelf Registration Sukuk Mudharabah II Phase I Year 2020 Jul-18-2021 100.00 6.75 1 idAAA(sy)
Ekspor Indonesia
25 PT Pegadaian (Persero) Shelf Registration Bond IV Phase II Year 2020 Series A Jul-18-2021 1,055.00 6.75 1 idAAA
26 PT Pegadaian (Persero) Shelf Registration Sukuk Mudharabah I Phase II Year 2020 Series A Jul-18-2021 316.50 6.75 1 idAAA(sy)
27 PT Suparma Tbk MTN I Year 2016 Series B Jul-18-2021 USD5.00 mn 5.50 5 -
PT Indonesia Infrastructure
28 Bond I Year 2016 Series B Jul-19-2021 250.00 8.70 5 idAAA
Finance
www.pefindo.com Fourth Week of June 2021
1129 Perum Perumnas MTN III Year 2016 Jul-22-2021 150.00 11.00 5 idBBB-
PT Sarana Multigriya
30 Shelf Registration Bond V Phase IV Year 2020 Series A Jul-24-2021 1,686.00 6.75 1 idAAA
Finansial (Persero)
PT Sarana Multigriya
31 Shelf Registration Sukuk Mudharabah I Phase II Year 2020 Jul-24-2021 346.00 6.75 1 idAAA(sy)
Finansial (Persero)
PT Adira Dinamika Multi
32 Shelf Registration Bond III Phase IV Year 2016 Series C Jul-26-2021 431.00 9.25 5 idAAA
Finance Tbk
PT Adira Dinamika Multi
33 Shelf Registration Sukuk Mudharabah II Phase II Year 2016 Series C Jul-26-2021 14.00 9.25 5 idAAA(sy)
Finance Tbk
34 PT Sinar Mas Multifinance Shelf Registration Bond II Phase I Year 2020 Series A Jul-27-2021 207.30 9.75 1 irA+
PT Sarana Multi
35 Shelf Registration Bond II Phase IV Year 2020 Series A Jul-31-2021 1,040.00 6.75 1 idAAA
Infrastruktur (Persero)
Total 14,673.25
AUGUST
1 Perum Perumnas MTN II Year 2016 Aug-4-2021 230.00 11.00 5 idBBB-
PT Merdeka Copper Gold
2 Shelf Registration Bond I Phase I Year 2020 Series A Aug-7-2021 673.65 8.90 1 idA
Tbk
PT J Resources Asia Pasifik
3 Shelf Registration Bond I Phase V Year 2020 Series A Aug-10-2021 335.00 9.25 1 idA
Tbk
PT Indomobil Finance
4 Shelf Registration Bond IV Phase I Year 2020 Series A Aug-14-2021 229.00 8.45 1 idA
Indonesia
PT Sarana Multigriya
5 MTN IX Year 2020 Aug-14-2021 700.00 6.50 1 idAAA
Finansial (Persero)
PT Sarana Multigriya
6 Shelf Registration Bond IV Phase V Year 2018 Series B Aug-14-2021 535.00 8.00 3 idAAA
Finansial (Persero)
7 PT Oki Pulp & Paper Mills MTN II Year 2018 Aug-15-2021 500.00 10.50 3 -
PT Adira Dinamika Multi
8 Shelf Registration Bond IV Phase III Year 2018 Series C Aug-16-2021 715.50 8.50 3 idAAA
Finance Tbk
9 PT Bumi Surya Cemerlang MTN Year 2019 Series III Aug-21-2021 9.50 12.35 2 -
10 PT Candrakarya Multikreasi MTN I Phase II Year 2020 Aug-23-2021 17.40 10.75 1 -
11 PT Bio Farma (Persero) MTN Syariah Mudharabah Year 2018 Aug-24-2021 325.00 Floating 3 idAAA(sy)
www.pefindo.com Fourth Week of June 2021
12Lembaga Pembiayaan
12 Shelf Registration Bond III Phase II Year 2016 Series C Aug-25-2021 1,582.00 8.35 5 idAAA
Ekspor Indonesia
13 PT Equity Finance Indonesia MTN VI Phase VI Year 2018 Aug-28-2021 32.00 12.25 3 -
14 PT Hasjrat Multifinance MTN III Series A Aug-28-2021 200.00 9.75 2 irBBB
PT Bank Tabungan Negara
15 Shelf Registration Bond IV Phase I Year 2020 Series A Aug-29-2021 577.00 6.75 1 idAA+
(Persero) Tbk
PT Bank Tabungan Negara
16 Shelf Registration Bond II Phase II Year 2016 Series B Aug-30-2021 1,653.00 8.75 5 idAA+
(Persero) Tbk
17 PT Bio Farma (Persero) MTN Year 2018 Aug-31-2021 125.00 8.75 3 idAAA
Total 8,439.05
Notes: *) Amount in USD excluded.
www.pefindo.com Fourth Week of June 2021
1304 News Analytics
Description :
Bnk : Banking Mng : Mining PL&A : Plantation & Agriculture Mnc : Municipal Ppt : Property
CPO : Crude Palm Oil Auto : Automotive O&G : Oil & Gas Cons :Construction Nkl : Nickel
Trn : Transportation F&B : Food & Baverage Inc : Insurance Tlc : Telecommunication Trd : Trading
Elec :Electricity H&T : Hotel & Tourism M&G : Metal & Gold Tlrd : Toll Road Utl : Utilities
Coal : Coal Fnc : Financing Msmd : Mass Media PO&A : Port Authority & Airport
www.pefindo.com Fourth Week of June 2021
14Industries News Polarized
Hot News
Positive Negative
Automotive Menkeu Pastikan PPnBM Diperpanjang. Penjualan Mobil Pikap yang Masih Mantap. Mei, Penjualan Sepeda Motor Ambles
Hal ini, karena perpanjangan insentif pajak Gencarnya program vaksinasj Covid-19 yang 46%.
tersebut dinilai akan berdampak positif pada dijalankan pemerintah, secara perlahan, mulai Hal ini dipicu hari libur Lebaran yang
membaiknya konsumsi masyarakat, yang pada menggerakkan laju perekonomian nasional. membuat hari efektif kerja lebih sedikit.
akhirnya berdampak pada sektor otomotif. Efek positifnya, sejumlah sektor industri ikut Selain itu, dampak pandemi juga turut
menggeliat dan bisnis penunjangnya pun ikut berpengaruh terhadap daya beli
berkembang cepat. masyarakat.
Trading Ekspor Industri Tumbuh 30%.
Besarnya proporsi ekspor produk industri
pengolahan sekaligus menggambarkan
telah terjadi pergeseran ekspor Indonesia dari
komoditas primer ke produk manufaktur
bernilai tambah tinggi. Hal ini dinilai dapat
menghindarkan ekspor dari gejolak harga
komoditas primer.
CPO Insentif Baru Pungutan Ekspor CPO Lebih Ringan. Hilirisasi Sawit Ungkit Permintaan Domestik.
Kebijakan penurunan tarif pungutan CPO bisa Hal ini, karena kinerja industri sawit nasional
meningkatkan keuntungan eksportir, sehingga tak hanya ditopang pasar ekspor, namun juga
mereka punya dana lebih untuk ekspansi. Lalu di dari pasar domestik. Selain itu, permintaan
sisi lain, bagi petani bisa menikmati penurunan oleokimia di dalam negeri akan meningkat
tarif ini, sehingga bisa harga tandan buah segar 165-168 ribu ton setiap bulan sepanjang
bisa naik. tahun ini. Untuk memenuhi kebutuhan dalam
negeri itu, dibutuhkan upaya hilirisasi sawit.
Coal Emiten Batu bara Kerek Volume Produksi.
Hal ini, karena pemerintah memberikan
dukungan dengan menambah jumlah produksi
batubara pada 2021 untuk penjualan ke luar
negeri sebesar 75 juta ton. Selain itu,
tambahan produksi batu bara tersebut tidak
www.pefindo.com Fourth Week of June 2021
15Industries News Polarized
Hot News
Positive Negative
akan dikenakan kewajiban persentase
penjualan batu bara untuk kepentingan dalam
negeri.
Oil & Gas Sejumlah Blok Migas Bakal Dapat Tambahan Minyak Menghangat Lagi.
Insentif. Hal ini, karena penurunan stok minyak mentah
Hal ini, merupakan salah satu strategi AS ternyata lebih besar dari perkiraan. Kilang
pemerintah untuk mencapai target produksi juga mendorong operasi ke level tertinggi
minyak 1 juta barel per hari (bph). Pasalnya, sejak Januari 2020 sebagai tanda prospek
Indonesia membutuhkan lebih banyak energi permintaan bahan bakar terus membaik.
untuk mendukung pertumbuhan ekonomi
nasional.
Metal & Gold Harga Emas Mulai Menanjak Naik Pekan ini. Baja Impor Masih Membanjiri Pasar Lokal.
Hal ini, salah satunya karena The Fed Hal ini, karena baja impor harganya lebih
menegaskan kembali niat bank sentral untuk murah dari pada baja dalam negeri. Oleh
mendorong pemulihan pasar kerja yang luas karena itu, dukungan penuh pemerintah
dan inklusif, dan tidak menaikkan suku bunga melalui implementasi kebijakan yang
terlalu cepat, hanya berdasarkan ketakutan berpihak kepada industri baja nasional
akan inflasi yang akan datang. sangat diperlukan.
Insurance Aset Asuransi Umum Kian Gemuk.
Pertumbuhan aset ini didukung oleh
pertumbuhan investasi perusahaan asuransi
umum yang sampai empat bulan pertama
2021 meningkat 6,56%.
Banking Bank Digital Akan Mengubah Peta Industri Penyaluran Kredit Konsumsi Mulai Bersemi. Penurunan Bunga Kredit Bank Belum
Perbankan. Pendorongnya adalah insentif PPnBM Maksimal.
Pasalnya, ada kelebihan yang ditawarkan kendaraan bermotor, yang diperpanjang Penurunan SBDK perbankan yang
dengan konsep bank digital tersebut, apalagi sampai dengan Agustus 2021 serta uang muka terbatas didorong oleh peningkatan
ekosistem digital sudah mulai terbangun saat kredit pemilikan rumah. kembali komponen margin keuntungan
ini.
www.pefindo.com Fourth Week of June 2021
16Industries News Polarized
Hot News
Positive Negative
di tengah turunnya harga pokok dana
untuk kredit perbankan.
Multifinance Laba Multifinance Mulai Terkerek Naik. Pendanaan Multifinance Melorot.
Berkah itu seiring efisiensi perusahaan Penurunan itu memang banyak
multifinance serta membaiknya bisnis industri. dipengaruhi oleh bisnis yang hingga awal
Perbaikan ini juga seiring dengan mulai tahun kemarin masih menurun.
bergulirnya pembiayaan.
Hotel & Tourism Kunjungan Wisatawan Domestik Hanya
50% dari Normal.
Hal ini, karena kebijakan Kembali
pemberlakuan PPKM ketat. Selain itu,
pembatasan pintu masuk di negara-
negara yang punya pelabuhan
internasional dengan kondisi Covid-19
yang membuat kita menjaga wisatawan
asing masuk.
Food & Beverage Persaingan Ketat Produk Konsumer.
Kesimpulan itu tergambar dari riset
Kantar Indonesia Worldpanel Division
bertajuk Brand Footprint Indonesia 2021.
Electricity Pemerintah Kejar Peningkatan Kapasitas PLTP Energi Surya Digenjot, Tapi Komponen
Jadi 4,000 MW. Masih Impor.
Target tersebut ditetapkan dengan sudah Pasalnya, upaya pemenuhan TKDN
mempertimbangkan berbagai upaya hingga 60%, sukar untuk dicapai.
pemerintah untuk mendorong percepatan Pasalnya, modul surya dalam negeri
pengembangan panas bumi. masih terbatas pada perakitan.
Toll Road PUPR Targetkan 19 Ruas Tol Tuntas Akhir 2021. Emiten Jalan Tol Melaju Tak Terganggu.
Jumlah panjang jalan tol yang akan beroperasi Pasalnya, walaupun ada larangan mudik
masih akan terus bertambah lagi. Ditargetkan lebaran oleh pemerintah, beberapa orang
www.pefindo.com Fourth Week of June 2021
17Industries News Polarized
Hot News
Positive Negative
pada 2021 sebanyak 19 ruas sepanjang 427 km masih dapat melakukan perjalanan di dalam
yang telah dan akan tuntas sehingga secara kota. Dan, pertumbuhan lalu lintas tahun ini
keseluruhan 2.764 Km jalan tol yang akan mampu mencapai 8% YoY.
selesai dan beroperasi di seluruh Indonesia
pada akhir 2021.
Property Menkeu Pastikan PPN Rumah DTP Diperpanjang. Koridor Barat Jakarta Jadi Primadona Properti.
Perpanjangan insentif pajak tersebut dinilai Hal ini, karena jaringan infrastruktur dan
akan berdampak positif pada membaiknya kemudahan akses menjadi nilai jual kawasan
konsumsi masyarakat, yang pada akhirnya tersebut. Dengan adanya infrastruktur dan
berdampak pada sektor properti. kemudahan akses ke bandara, kawasan ini
mengungguli performa koridor timur Jakarta
yang digadang-gadang sebagai kota baru.
Telecommunication Pasar Data Center Masih Luas.
Hal ini, karena kebutuhan terhadap pangkalan
data dalam proses transformasi digital masih
sangat besar sehingga persaingan yang
terjadi tidak terlalu ketat.
Municipal 40% Anggaran Pemda Tidak Memberi
Manfaat.
Anggaran yang tidak efisien ini,
menyebabkan pemda tidak bisa
mencapai target pembangunan. Padahal
pemerintah pusat menjalankan kebijakan
Transfer ke Daerah dan Dana Desa
(TKDD)untuk pembangunan di daerah.
Source: Bisnis Indonesia, Investor Daily, and Kontan (2021)
www.pefindo.com Fourth Week of June 2021
18Index
PEFINDO25 IHSG PEFINDO i-Grade
Period Unit IHSG PEFINDO25 PEFINDO i-Grade
5/28/2021 % (WoW) 1.31% 2.08% 0.62%
6/4/2021 % (WoW) 3.70% 0.99% 4.57%
6/11/2021 % (WoW) 0.50% -1.66% -0.59%
6/18/2021 % (WoW) -1.45% -4.72% -3.23%
6/25/2021 % (WoW) 0.25% 1.62% -0.76%
www.pefindo.com Fourth Week of June 2021
19Indonesia Rating Highlight Publication Indonesia Sectoral Review
(IRH) (ISR)
In addition to rating services, PEFINDO also
publishes two magazines: Indonesia Rating
Highlight (IRH) and Indonesia Sectoral Review
(ISR). The publication of these magazines is
aimed to cater to investors’ needs in obtaining
information on micro and macro-economic
conditions of Indonesia. Both magazines also
offer risk analysis in relation to certain
industrial sectors. In addition, get our research
such as research on demand services.
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www.pefindo.com Fourth Week of June 2021
20Weekly Economic Update
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