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Fuel Price Hike Plan, Prabowo Congratulates Jokowi; Rupiah Rose 0,8%

17 Oktober 2014
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Fuel Price Hike Plan, Prabowo Congratulates Jokowi; Rupiah Rose 0,8%
Indonesia's losing presidential candidate Prabowo Subianto (L) gestures as he stands beside Indonesia's President-elect Joko Widodo after a meeting in Jakarta, October 17, 2014. (REUTERS/Beawiharta)

Prabowo, who leads the opposition coalition that controls parliament, congratulated and saluted Jokowi

Bareksa.com - The rupiah rose as much as 0.8 percent to 12,150 per dollar, its strongest since Oct. 3 due to Prabowo finally congratulates President-elect Joko Widodo and fuel price hike plan in November.

Prabowo, who leads the opposition coalition that controls parliament, congratulated and saluted Jokowi, alleviating concerns over a political gridlock. Jakarta shares rose nearly 1 percent and government bond yields fell.

Jokowi plans to raise the price of subsidized gasoline and diesel by around 50 percent within two weeks of taking office, a move that will save the government nearly $13 billion next year, an adviser to Jokowi told Reuters.

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Regarding to fuel price hike plan, the aide said Widodo aims to raise the price of both gasoline and diesel by 3,000 rupiah ($0.25) per liter by November 2014.

"The plan is Nov. 1 ... but it's safe to say they are likely to do it within the first two weeks of taking office," said the adviser, who requested anonymity because he was not authorized to speak to the media, adding .

The adviser said Widodo could still decide to "change his mind" on the fuel price hike at the last minute. (source: Reuters)

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Produk EksklusifHarga/Unit1 Bulan6 BulanYTD1 Tahun3 Tahun5 Tahun

Trimegah Dana Tetap Syariah

1.311,79

Up0,68%
Up3,10%
Up0,02%
Up6,29%
Up20,00%
-

Capital Fixed Income Fund

1.757,84

Up0,53%
Up3,44%
Up0,02%
Up7,40%
Up18,25%
Up43,13%

STAR Stable Income Fund

1.908,88

Up0,50%
Up2,87%
Up0,01%
Up6,27%
Up31,65%
Up59,98%

Syailendra Pendapatan Tetap Premium

1.762,89

Up0,50%
Up2,81%
Up0,01%
Up5,44%
Up20,06%
Up48,78%

Trimegah Dana Obligasi Nusantara

1.038,34

Up0,52%
Up2,03%
Up0,02%
Up2,02%
Down- 2,73%
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