• Sectoral Review

    • sectoral review
    • sectoral review
      • August-2020: Construction Industry
        We view the outlook for construction industry will be challenging as growth prospects are weaker than we anticipated. The coronavirus (COVID-19) pandemic has resulted in reduced construction activities following the large-scale social restrictions (PSBB) imposed by the government to curb the outbreak, consequently delaying project deliveries. Demand is also expected to be weaker in the short term on the back of delays and postponement of several infrastructure projects and the economic fallout caused by COVID-19. More detail ...
      • June-2020: Non-Life Insurance Industry
        We are of the view that the outlook for the non-life insurance industry is negative in the short term, given the COVID-19 pandemic impact that disrupted economic activities and significantly lowered demand for the non-life insurance industry, increasing the overall risk profile. Growth has significantly dropped to 0.4% in 2020 in comparison to 14.1% in FY19, and in our opinion, there is still a risk of further decline if the recovery process of economic activities are longer than initially projected. More detail ...
      • April-2020: Power & Energy In Indonesia
        PEFINDO is of the view that long-term energy demand in Indonesia is correlated with the growing population and economic growth. The Ministry of Energy and Mineral Resources (ESDM) predicted electricity needs in the country will grow by 7% every year until 2027, driven by domestic household consumption. This affects the trade deficit, especially in relation to crude oil (including oil fuel) and the gas sector. To mitigate the energy imbalance, the government is committed to achieving 23% renewable energy in the national energy mix by 2025, in alignment with its commitment to mitigate climate change. More detail ...
      • February-2020: Slowing Growth Continues
        The finance industry reported weak financing growth of 3.7% year-on-year (YoY) to IDR 452.2 trillion in 2019, lower than the compound annual growth rate (CAGR) in the last four years of 3.9%. This percentage is also lower compared to the previous year, which was 5.2% YoY. More detail ...
      • December-2019: Indonesia’s Petrochemical Industry
        We are of the view that the outlook for the petrochemical industry is stable. Prospects for demand growth are positive in the medium term, although there are short-term risks from the slowdown in the production of plastic and rubber-based goods. Even low oil prices allow producers to maintain a stable level of profit. From the supply side, Indonesia needs new investment to reduce import dependency, especially for aromatic products. More detail ...
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