{
    "success": true,
    "data": {
        "id": 1783874,
        "msgid": "singapore-media-highlight-rupiah-weakness-amid-record-low-1780558257",
        "date": "2026-06-04 11:55:00",
        "title": "Singapore Media Highlight Rupiah Weakness Amid Record Low",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Economy",
        "summary": "Leading Singaporean media outlets have spotlighted the Indonesian rupiah's plunge to a record low against the US dollar, breaching the psychological threshold of 18,000. The reports attribute the currency's decline to soaring global energy costs, a shrinking trade surplus, and deteriorating investor sentiment. The rupiah is currently Asia's worst-performing currency this year.",
        "content": "<p>Jakarta, CNBC Indonesia - Several foreign media outlets have\nhighlighted the weakening of the rupiah, including neighbouring\nSingapore\u2019s. Two major sites, Channel News Asia (CNA) and The Straits\nTimes, have devoted coverage to the issue. CNA cited AFP whilst The\nStraits Times referenced Bloomberg. CNA published an article titled\n\u201cIndonesian rupiah falls to record low against US dollar\u201d, featuring in\nan early summary how the rupiah \u201creached 18,028 against the greenback\ndespite the central bank\u2019s recent efforts to provide support\u201d. \u201cThe\nIndonesian rupiah hit its weakest level against the US dollar on\nThursday (4 June), breaching the psychological threshold of 18,000 amid\nconcerns about the country\u2019s economy with soaring energy costs,\u201d the\nsite wrote. \u201cThe rupiah has fallen more than 7% this year and is the\nworst-performing currency in Asia, according to Bloomberg News, as the\nUS-Israel war against Iran causes global oil prices to surge,\u201d it added.\nIt was also stated how the weakening was triggered by high dollar demand\ncaused by the oil price surge and a narrowing trade surplus. It was\nemphasised that Indonesia is a net oil importer and is heavily impacted\nby rising crude oil costs, amidst the government\u2019s strenuous efforts to\nmaintain subsidised fuel prices. \u201cThe country\u2019s trade surplus has been\nhit, narrowing to just US$89 million in April, from US$3.3 billion a\nmonth earlier, further reducing the dollar supply in the Indonesian\nmarket,\u201d the site stated, citing local economist Josua Pardede who\nreferred to AFP. The Straits Times itself published an article titled\n\u201cRupiah falls through key psychological level, putting markets on guard\nfor intervention\u201d. It highlighted how the rupiah\u2019s fall below the key\n18,000 level against the dollar today has put market watchers on alert.\n\u201cThe Indonesian rupiah fell through the key psychological level of\n18,000 per US dollar on June 4, putting market watchers on alert for\nintervention from the country\u2019s central bank,\u201d the site stated. \u201cThe\nrupiah exchange rate slid 0.35% to 18,029.5 per US dollar at 11.06 am\nSingapore time, bringing its year-to-date decline in 2026 to over 7%,\u201d\nit wrote. \u201cAgainst the Singapore dollar, the rupiah also fell to a new\nrecord low, trading at 14,047.71 \u2013 down 0.32% overnight and marking a\n9.3% decline year-to-date,\u201d it added. It was also noted that the rupiah\nis now the worst-performing currency in Asia in 2026, partly pressured\nby concerns that high oil prices will widen Indonesia\u2019s budget deficit\nthrough higher energy subsidy costs. \u201cThe break below 18,000 could\naccelerate foreign outflows from local stocks and bonds, making the\nlevel a critical test for policymakers seeking to restore confidence in\nan economy facing mounting challenges,\u201d the site added. \u201cInvestor\nsentiment towards Indonesian assets soured in 2026 after MSCI warned the\ncountry could be reclassified as a standalone emerging market, whilst\nFitch Ratings and Moody\u2019s Ratings revised their outlooks on the\nsovereign. Concerns have also increased over the government\u2019s push for\ngreater control over key commodity exports,\u201d it further wrote.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/singapore-media-highlight-rupiah-weakness-amid-record-low-1780558257",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}