Manulife Aset Manajemen Indonesia Optimis Amid Global Market Volatility
By : Wiyanto Dan Aldo Bella Putra | Thursday, April 26 2018 - 14:30 IWST

PT Manulife Aset Manajemen Indonesia (Foto Dok Industry.co.id)
INDUSTRY.co.id - Jakarta - PT Manulife Aset Manajemen Indonesia (MAMI) estimates that this volatility is expected to continue due to higher Fed interest rates, US protectionist policies and geopolitical conditions in Syria. Increased volatility in global financial markets. The Indonesian stock market was affected, down 1.08% (YTD 16 April 2018). The rupiah against the US dollar also weakened -1.66% (YTD per April 16, 2018).
Katarina Setiawan, Chief Economist & Investment Strategist at MAMI, said that Indonesia's financial market performance is expected to remain positive until the end of 2018. Investors are likely to get potential attractive yields from current volatility. Various factors from within the country contributed to the recovery of the Indonesian economy, such as increased government spending and subsidy expansion that underpins purchasing power, as well as growth in Gross Domestic Product (GDP).
"The investor community does not need to panic with what is happening in the market. The increase in US interest rates has been anticipated by the market, "he said in Jakarta on Thursday (26/4/2018).
Katarina further explains that there are several factors supporting Indonesia's financial market, "Firstly, the central bank in the Asian region will generally keep interest rates low amid the Fed rate increase. Low interest rate policy can still be done because of inflation stability, synchronization of global growth, and priority to boost economic growth," he said.
"Secondly, learning from past experiences, trade tensions between the United States and China are unlikely to develop into a trade war. Moreover, overall, Asian trade exposure to the United States is still quite under control. If tensions increase, there is the potential that Indonesia's product competitiveness will increase and provide benefits for Indonesia. Third, geopolitical tensions in Syria that might increase the price of oil are actually potentially increasing Indonesia's GDP. Fourth, Bank Indonesia remains committed to maintaining the stability of the rupiah exchange rate as a key in reducing the volatility of the financial market," said Katarina.
Read Also
Fuse Achieved More Than Usd 200 Million Of Gwp and 150 Million Policies…
FUSE Being The Only Insurtech From Indonesia Included In "The World's…
Awareness of the Need for Enhanced Pension Funds
PT Jasa Raharja Provides Assistance to Accident Victims in Sukabumi
Make it easy for customers to access insurance solutions, AXA General…
Today's Industry

Senin, 04 Desember 2023 - 20:48 WIB
President Jokowi Attends WCAS COP28 in Dubai
President Joko “Jokowi” Widodo attended the World Climate Action Summit (WCAS) COP28 that was held at Expo City Dubai, Dubai, United Arab Emirates (UAE) on Friday (12/1). Arriving at around…

Senin, 04 Desember 2023 - 20:41 WIB
President Jokowi, Norwegian PM Discuss Investment Cooperation
On the sidelines of the World Climate Action Summit (WCAS) COP28, President Joko “Jokowi” Widodo Friday (12/11) held a bilateral meeting with Norwegian Prime Minister Jonas Gahr Støre in…

Senin, 04 Desember 2023 - 20:36 WIB
President Jokowi, President MBZ Discuss Enhancement of Indonesia-UAE Cooperation
President Joko “Jokowi” Widodo on Friday (12/01) had a face-to-face meeting with the President of the United Arab Emirates (UAE), Sheikh Mohamed bin Zayed Al Nahyan (MBZ), at the Leadership…

Senin, 04 Desember 2023 - 20:32 WIB
President Jokowi, UN Secretary General Discuss Climate Action, Gaza Situation
President Joko “Jokowi” Widodo Saturday (12/02) reaffirmed Indonesia’s commitment to continuously support the United Nations (UN) in carrying out its functions and roles amid increasingly…

Senin, 04 Desember 2023 - 20:28 WIB
President Jokowi Unveils Indonesia’s Steps to Reach Net Carbon Sink in Forestry, Land Sectors
Indonesia is taking systematic and innovative steps in achieving a net carbon sink or net carbon absorption in the forestry and land sectors by 2030, President Joko “Jokowi” Widodo has said.…
News Comment