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INDONESIA: Country Wrap –  Apple to Increase Investment. 

INDONESIA
EM BulletBulletIndonesiaAPACEmerging Market News
  • Indonesia claimed victory after Apple Inc. offered to increase its investment in the country to $1 billion to get President Prabowo Subianto’s government to lift a ban on the sale of iPhone 16s. (source: BBG).
  • Palm oil posted its biggest weekly fall since April last year on concerns over falling exports from the world’s second-biggest grower Malaysia and weaker soybean oil. (source: BBG)
  • Indonesia’s Jakarta Composite had strong start to the week up +1.2% today.
  • IDR: the Rupiah had had a good start to the week following a softer USD, up +0.297%.
  • Bonds: a modest sell of for front end bonds and intermediates and longer a touch better. INDOGB 10YR 7.06% 
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  • Indonesia claimed victory after Apple Inc. offered to increase its investment in the country to $1 billion to get President Prabowo Subianto’s government to lift a ban on the sale of iPhone 16s. (source: BBG).
  • Palm oil posted its biggest weekly fall since April last year on concerns over falling exports from the world’s second-biggest grower Malaysia and weaker soybean oil. (source: BBG)
  • Indonesia’s Jakarta Composite had strong start to the week up +1.2% today.
  • IDR: the Rupiah had had a good start to the week following a softer USD, up +0.297%.
  • Bonds: a modest sell of for front end bonds and intermediates and longer a touch better. INDOGB 10YR 7.06%