- Bloomberg•8 months ago
Buying shares in Unilever’s Indonesia unit used to be an almost guaranteed way to profit from consumer spending growth in Southeast Asia’s most populous nation.
- Bloomberg•2 years ago
Indonesian shares fell the most in Asia and the rupiah snapped a four-day gaining streak on concern a dispute between the police and the anti-corruption agency will jeopardize President Joko Widodo’s economic reform agenda. The anti-graft credentials that helped propel Widodo to the presidency were tarnished when his nominee for police chief, Budi Gunawan, was named a suspect by the agency, known as the KPK. Gunawan is a former aide to Megawati Soekarnoputri, the chair of the party that nominated Widodo, known as Jokowi, as its presidential candidate. “This is not about a perception that Jokowi is weak in handling corruption, but more about his determination to put the public interest ahead of the agenda of the political parties who supported him,” said Norico Gaman, head of research at PT BNI Securities in Jakarta.
UNILEVER INDONESIA IDR10Jakarta
|52wk Range||33,000.00 - 47,800.00|
|Day's Range||45,050.00 - 47,750.00|
|Avg Vol (3m)||1,426,570|
As of 5:07 AM EDT. Market closed.