Macroeconomic Review Export Development Failed. President Joko Widodo said that the export development performance of the Ministry of Trade has failed. The proof : non-oil exports from Indonesia are always less competitive with neighboring countries, Malaysia, Vietnam, and Thailand. The government plans to simplify the requirements for the filing of tax allowance and tax holiday

Macroeconomic Review As expected, the US Federal Reserve’s or Fed’s rate is hiked at 25 basis points (bps) today to 1.75%. Looking at the dot plots released by the Fed, most FOMC members still estimate that this year’s US rate hike is 75 bps. We judge that the dot plot released by the Fed will