{
    "success": true,
    "data": {
        "id": 1483671,
        "msgid": "the-indonesian-rupiah-may-rise-7-percent-to-rp-8500-versus-1447899208",
        "date": "2004-10-06 00:00:00",
        "title": "The Indonesian rupiah may rise 7 percent to Rp 8,500 versus ",
        "author": null,
        "source": "AP",
        "tags": null,
        "topic": null,
        "summary": "The Indonesian rupiah may rise 7 percent to Rp 8,500 versus the dollar by the end of the year on expectations Susilo Bambang Yudhoyono will boost economic growth after he becomes president on Oct. 20, JPMorgan Chase & Co. said. \"Hopes are high for a positive change in economic policy and for the continued progress of reforms,\" analyst Claudio Piron and economist Ong Sin Beng of JPMorgan in Singapore wrote in a note to clients. Yudhoyono, who beat President Megawati Soekarnoputri in Sept.",
        "content": "<p>The Indonesian rupiah may rise 7 percent to Rp 8,500 versus <br>\nthe dollar by the end of the year on expectations Susilo Bambang <br>\nYudhoyono will boost economic growth after he becomes president <br>\non Oct. 20, JPMorgan Chase &amp; Co. said.<\/p>\n<p>\"Hopes are high for a positive change in economic policy and <br>\nfor the continued progress of reforms,\" analyst Claudio Piron and <br>\neconomist Ong Sin Beng of JPMorgan in Singapore wrote in a note <br>\nto clients.<\/p>\n<p>Yudhoyono, who beat President Megawati Soekarnoputri in Sept. <br>\n20 elections, has vowed to create jobs and improve the schools <br>\nand hospitals, encouraging fund manager to invest in the nation. <br>\nOverseas investors bought a net US$62 million of stocks <br>\nyesterday, the most since June 16, pushing the Jakarta Composite <br>\nIndex to a record. The index gained 15.3 percent this year.<\/p>\n<p>Piron, who is head of Asian foreign exchange research, and Ong <br>\nconfirmed the report's contents in an interview. JPMorgan <br>\npreviously predicted the rupiah at Rp 9,500 at the end of the <br>\nyear, Piron said.<\/p>\n<p>The government expects the economy to grow 4.8 percent this <br>\nyear and 5.4 in 2005.<\/p>\n<p>\"The domestic economy is showing encouraging signs of growth <br>\nevidenced by the nine consecutive months of strong local cement <br>\nsales and robust non-oil imports, which in August rose 51 <br>\npercent,\" the report said.<\/p>\n<p>The Indonesian currency fell 0.2 percent to 9,101 against the <br>\ndollar as of 6:10 p.m. in Jakarta. -- Bloomberg<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/the-indonesian-rupiah-may-rise-7-percent-to-rp-8500-versus-1447899208",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}