
A Trader's Guide to President Prabowo's First Indonesian Budget
Prabowo's first State of the Nation address will outline his plans to raise economic growth toward 8% while also increasing handouts and boosting Indonesia's self-sufficiency. Specific announcements may lift shares of foodmakers, retailers, banks and commodities firms.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
7 minutes ago
- Yahoo
UK GDP slowdown unlikely to change monetary policy: ICAEW
The Institute of Chartered Accountants in England and Wales (ICAEW) has indicated that the recent slowdown in the UK's gross domestic product (GDP) growth is unlikely to influence the Monetary Policy Committee's decision on interest rates. Real GDP increased by 0.3% in the second quarter of 2025 (Q2 2025), as reported by the UK's Office for National Statistics (ONS). This represents a slowdown from the 0.7% growth observed in Q1. Some economic activities were advanced to February and March due to impending changes in stamp duty and US tariff announcements. Monthly GDP grew by 0.4% in June 2025, with all three sectors showing growth. This follows a 0.1% decline in May and an upwardly revised 0.1% fall in April. Suren Thiru, ICAEW economics director, noted that the economy lost momentum in Q2 due to rising costs and global trade disruptions. He commented: 'The economy lost some momentum in the second quarter as several sectors weakened under pressure from 'awful April's' surge in costs and the explosion of global trade turbulence, despite a robust return to growth in June.' After the strong start to 2025, the slower pace in Q2 provides a clearer indication of the UK's underlying growth trajectory, reflecting ongoing challenges from weak productivity and strained public finances, Thiru explained. The ICAEW economics director believes that the UK's economic performance in Q3 is also likely to remain subdued, as higher inflation and concerns about further tax increases in this autumn's Budget are expected to encourage greater spending restraint, even with interest rates coming down. He concluded: 'While these stronger than expected figures may not ease concerns among rate-setters over the health of the UK economy, a September interest rate cut remains implausible given mounting concerns over rising inflation.' The UK labour market is also under pressure, with increasing employment costs and a sluggish economy prompting businesses to reduce headcount and limit pay increases. Thiru highlighted that wage growth might weaken as economic conditions soften, redundancies rise and staffing costs remain high. The UK jobs market could face further challenges in the coming months, with higher labour costs potentially increasing unemployment. Concerns over potential tax rises in the Autumn Budget are adding to the uncertainty. "UK GDP slowdown unlikely to change monetary policy: ICAEW " was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
2 hours ago
- Yahoo
Chinese battery giant makes $6 billion investment that could transform power grid: 'Cutting-edge technologies'
Indonesia is powering up, and China's Contemporary Amperex Technology intends to provide the storage capacity. CATL, already the world's largest EV battery maker, is planning to expand its operations into Indonesia. Activity will focus on the entire pack lifecycle, "from mining to recycling," per Battery Technology. The project is the largest of its kind in Southeast Asia. At the launch ceremony, Indonesian President Prabowo Subianto noted the project's importance in the region's drive for sustainable energy. The shift to cleaner energy is headlined by a 186% growth in electric vehicle sales, according to the publication. The CATL effort is being undertaken with subsidiaries and partner companies in the region, bolstered by a $6 billion investment. The project area will include around 4,942 acres at several sites and create more than 40,000 direct and indirect jobs. The Karawang battery plant is envisioned as a juggernaut with the ability to churn out packs made partly from recycled materials, according to a statement. "A standout feature of the Indonesia Battery Integration Project is the establishment of the country's first renewable energy circular system … utilizing cutting-edge technologies to achieve ultra-low energy consumption and high-value material regeneration," Battery Technology's Maria Guerra wrote. The result will be 142,000 tons of nickel production, 30,000 tons of cathode materials, and 20,000 tons of processed recycled packs. More than 95% of key metals are expected to be recovered, per BT. The effort will help Indonesia meet its cleaner energy goals, Subianto said. But the region still has a lot of progress to make. While the EV growth is impressive, BT noted that polluting gas-guzzlers still dominate the market, while EVs account for about 7.3% of total car sales. CATL's investment represents a giant lift for the work. But the company's leaders aren't the only ones with Indonesian aspirations. Australia is also working with the country to secure a supply chain of precious resources needed for the renewables shift. That partnership was touted in 2023 as a boon for the U.S. as an alternative to China-dominated metal and mineral markets. Should the U.S. be investing more in battery production to catch up with China? Absolutely We're investing a good amount We should be investing less I have no idea Click your choice to see results and speak your mind. Sodium-based batteries and other chemistry types are also being developed in Quebec and elsewhere. The work orders could challenge Far East supply chain dominance. While the market implications are great, the competition is also happening in a sector that produces far less heat-trapping air pollution than dirty fuels. Each EV that replaces a gas-burning car prevents thousands of pounds of planet-warming tailpipe gases, for example. That's true stateside, even in regions where coal, gas, and oil create most of the electricity to charge them, according to the U.S. Department of Energy. Stateside, drivers can leverage federal tax breaks worth up to $7,500 through Sept. 30 to buy a new EV after President Donald Trump's spending bill heralded the early end of the incentive. Many states still offer their own perks for switching, and the move can save drivers around $1,500 annually on gas and service expenses. Adding rooftop solar panels to the game plan provides free, clean power to charge the rides. A battery backup can even store the electricity for later use. Like the EV rebates, solar incentives are also set to sunset early. EnergySage can help you secure the savings in time, find an installer, and shave up to $10,000 off the expense. In Indonesia, leaders expect the CATL project to make the region relevant in a cleaner economy. It could position the nation "as a leader in the global battery industry," as Guerra wrote. Join our free newsletter for weekly updates on the latest innovations improving our lives and shaping our future, and don't miss this cool list of easy ways to help yourself while helping the planet. Inicia sesión para acceder a tu cartera de valores


Bloomberg
2 hours ago
- Bloomberg
Switzerland Moves to Lift Ban on New Nuclear Power Plants
The Swiss government has presented draft legislation to end its ban on building new nuclear power plants, reversing a policy adopted in 2018 to phase out the technology. The plan, a counter-proposal to the popular initiative 'Stop the Blackout', would allow companies to apply for licenses to construct reactors — if approved by parliament and upheld in a potential referendum.