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4 clusters · 32 sources · 41 days · First seen 2 months ago · Last updated 21 days ago

Singapore market volatility and Indonesian economic trends

Overview

In early August 2026, Singapore’s Straits Times Index (STI) faced pressure due to plunging oil prices, which fell to US$78.44 (Brent) and US$74.70 (WTI) following US-Iran diplomatic progress. While regional peers like Indonesia rallied, Singapore’s market remained sensitive to these energy dynamics.

Indonesia’s economic performance during this period showed mixed signals. While Q2 2026 GDP grew 5.29% year-on-year, the Institute for Economic and Social Research at the University of Indonesia (LPEM FEB UI) argued this was heavily driven by government spending rather than broad-based strength. Specifically, government consumption rose 15.97%, significantly exceeding the historical average of 3.40%. LPEM FEB UI noted that if spending had aligned with historical norms, GDP growth would have been approximately 4.45%. Key drivers of this spending included the Free Nutritious Meal (MBG) program and the Red and White Village Cooperative (KDMP). Additionally, Bank Indonesia reported that the broad money supply (M2) reached Rp10,371.1 trillion in July 2026, supported by a 13.0% increase in credit distribution.

By July 2026, Indonesia recorded a US$0.12 billion trade surplus, rebounding from deficits in the preceding two months. Although the nation faced an oil and gas deficit due to volatile energy markets, the non-oil and gas surplus remained strong. Total exports for July reached US$26.22 billion, a 6.05% year-on-year increase, while imports rose 27.02% to US$26.09 billion. Manufacturing served as the primary driver for cumulative exports from January to July, totaling US$137.26 billion.

Entities

Indonesia · Bank Indonesia · President Prabowo Subianto · Nailul Huda · Statistics Indonesia

Claims

What the coverage asserts, and how many sources carry each claim.

[● 6 SOURCES] Indonesia's year‑on‑year GDP growth in the second quarter of 2026 was 5.29 %.
[● 6 SOURCES] The Q2 2026 GDP growth beat the median Reuters forecast of about 5.1 %.
[● 4 SOURCES] Indonesia's GDP grew 5.29% year‑on‑year in the second quarter of 2026.
[● 4 SOURCES] The 5.29% growth beat the median Reuters forecast of 5.10% for Q2 2026.
[● 4 SOURCES] The number of people living in poverty fell to 22.93 million in March 2026, down from 23.36 million in September 2025.
[● 4 SOURCES] Indonesia's year‑on‑year GDP growth was 5.29% in the second quarter of 2026.
[● 3 SOURCES] Indonesia’s open unemployment rate fell to 4.65 % in May 2026, the lowest level since 1994.
[● 3 SOURCES] The poverty rate declined to 8.07% in March 2026 from 8.25% in September 2025.
[● 3 SOURCES] The national poverty line increased to Rp669,235 per capita per month in March 2026.

Timeline

21 days ago

[BUSINESS] 4 sources
Indonesia records July trade surplus amid manufacturing export growth
Indonesia achieved a US$0.12 billion trade surplus in July 2026, driven by manufacturing exports, while the Ministry of Trade received its 14th Unqualified Opinion from the national audit board.
about 1 month ago

[BUSINESS] 5 sources
Indonesia economic growth driven by government spending and rising money supply
Indonesia's Q2 2026 GDP grew 5.29%, though analysts note growth is heavily reliant on government programs. Meanwhile, M2 money supply rose 8.3% in July 2026, driven by credit and government claims.
about 2 months ago

[BUSINESS] 27 sources
Indonesia's Q2 2026 GDP Grows 5.29%, Outpacing Forecasts
Indonesia’s Q2 2026 GDP grew 5.29% (beat 5.10% forecast); poverty fell to 22.9 M (8.07% rate) while the Gini rose to 0.368; marketplace tax delayed and BUMN consolidation tax‑exempted; rupiah strengthened.
2 months ago

[BUSINESS] 2 sources
Singapore's Suntec REIT posts 24.8% H1 DPU increase as STI ticks up
Suntec REIT's H1 DPU rose 24.8% to S$0.03936, while Singapore's STI edged up 0.1% to 5,588 amid regional declines and heightened geopolitical risk.

Sources

antaranews.com · bandung24jam.republika.co.id · barbaraganz.blog.ilsole24ore.com · beautynury.com · bisnis.liputan6.com · business.financialpost.com · cafef.vn · cnbcindonesia.com · ekbis.sindonews.com · en.antaranews.com · en.tempo.co · financialpost.com · finanzen.at · finanzen.ch · industry.co.id · jawapos.com · katadata.co.id · keuangan.kontan.co.id · kfgo.com · lettersfromhomeandaway.substack.com · mediaindonesia.com · merca2.es · ramenten.republika.co.id · republika.co.id · rmol.id · ruzka.republika.co.id · sgsme.sg · sport.viva.co.id · teknologi.news.viva.co.id · world-today-news.com · wtvbam.com · wxerfm.com

This summary has been updated 5 times: see revision history