Better After Christmas Holiday!
It’s 2 AM. Dec 22, just finished fixing my Dopod S30. It’s been a problem to use this lately and I start fixing it just simply to improve its performance to meet my expectation. Otherwise, I think I need to buy the one, and… of course I don’t want to spend my money for cell phone, at least for next 1 year. No choice. "I had to fix it", I think.
I just finished reading some Economic news. Year 2007 is a great year for Indonesia, start growing consistently above 5%. The growth rate in 2007 is predicted +6.2%, after growing 5.7% last year. And next year, Indonesia is predicted to grow +6.5%. However, there will be some positive and negative events next year that will be uncertainty factors for that assumption. December 07 started with a positive news that Bank Indonesia cut the BI rate -25 points to 8%, down continuously from 12.75% two years ago. This policy is expected to create positive impact for Indonesia economy in 2008. Inflation rate in 2008 is predicted 5% plus minus 1%, lower than inflation rate at 2007 6% plus minus 1%. However, there will be small negative impact of government policy to convert premium users to pertamax users that might increase operational cost for businesses and houses, which result in higher inflation vs. what predicted by BI.
The other things that should be considered as negative factors for next year are subprime mortgage issue in US which still give pressure on world economy and the increase of oil price in the world. They add the uncertainty in the market.
The stock market in Dec 2007 is pressed by regional stock fall and year-end effect. JSX wasn’t able to maintain the strong index at 2700-2800 on early of Dec, now down to 2600-2700. JXZ is closed at 2638 on Dec 19. US stock market is in a good trend during Indonesia holiday due to some positive news; Oracle booked a strong profit growth +35% vs. YA, doubled profit of Research in Motion (RIM) Ltd in BlackBerry businesses and Merrill Lynch & Co got capital infusion US$ 5 Billions from Temasek Holding company after impacted by subprime mortgage issue in US. Stock market in Europe is climbing in seasonal rally before Christmas. This will be a good news from BEI on the opening day on Dec 26.
Ah.. After loosing some money on the deep fall of stock market before holiday, I hope the positive news in US will bring Indonesia stock market better after holiday. For next year, my portfolio should be in mining, agro business, energy&gas and telecommunication company.
Keep up the good work.
Millie said this on October 28, 2008 at 10:09 pm