Political concerns may stunt rupiah, stocks' twin gains; worries may emerge that run-up to electing a president by November could be messy

Article Abstract:

The outlook for the rupiah is bright as it strengthens its position against the American dollar from a ratio of 10,000:1 in 1998 to 6,700:1 in 1999. Experts say that the rupiah contributes to the charms of rising share prices which could give investors something to look forward to for the rest of the year. However, political uncertainties could keep the rupiah from strengthening further. In fact, an observer believes that the rupiah will weaken to 7,000 to the dollar at the end of the year.

United States, Administration of General Economic Programs, International economic relations, Indonesia, Currency Stabilization Programs, Prices and rates, Stocks, Political aspects, Economic development, Stock prices, Currency stabilization, Rupiah (Indonesia)

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Strength seen in metals: rupiah windfalls buoys prospects of Antam IPO

Article Abstract:

Aneka Tambang, the Indonesian gold and copper producer, will go public in November 1997. Analysts say the stock of the state-owned firm is a good buy considering that over 95% of its sales is denominated in dollars. A weakening rupiah should mean more profits for the mines operator. However, the company appears to be ready to aggressively price its initial offering, prompting some analysts to wonder whether the stock would offer much in terms of upside potential.

Mining & Extractive Industries, Mining, Mining industry, Securities, Aneka Tambang

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Rupiah's strength sparks investor interest: but surge is hard to justify in terms of fundamentals, some caution

Article Abstract:

The Rupiah's recent strength against the dollar has sparked the interest of foreign investors but foreign investors are still wary of the Indonesian market. Pek Swan Teo Layanto of PT Shroeder Investment Management Indonesia says that continued strength of the rupiah could do wonders for investor confidence. Christopher Lively of Pioneer Indo-Asia fund maintains however that the strength of The rupiah is only due to the strength of the yen and could yet weaken.

Investment advice, Investment Advisory Services, Analysis, Economic aspects, Reports, Foreign exchange, Investment advisers

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