The Indonesian stock market will remain under pressure this
\nweek after sliding sharply in the past week, an analyst said over
\nthe weekend.<\/p>\n
\"Next week I think the market will still be under pressure,\"
\nsaid Hendra Bujang, corporate finance manager at Margakarya
\nSecurities.<\/p>\n
\"First, because global markets are also under pressure and
\nsecond, investors are still concerned about security ahead of the
\npresidential election. The bombing in Pekanbaru shows that
\nIndonesia remains vulnerable,\" he said.<\/p>\n
\"That is one reason why investors prefer to engage in profit-
\ntaking or stay out of the market. They are worried about possible
\nsystematic attempts to disrupt the election.\"<\/p>\n
The bombing last Tuesday of a shophouse in Pekanbaru city
\nkilled two workers for an ethnic Chinese grocery store operator.
\nThe motive remains unclear.<\/p>\n
Indonesia holds its first direct presidential election on July
\n5.<\/p>\n
The Jakarta Stock Exchange composite index closed on Friday at
\n743.637, down 39.776 points or 5.1 percent on the previous
\nFriday. Average daily volume was 1.59 billion shares worth Rp
\n1.02 trillion (US$116.7 million) compared with 1.47 billion
\nshares worth Rp 921.7 billion the previous week.<\/p>\n
In Bangkok, the Thai stock market is expected to hover
\nrangebound in sluggish trading as the bourse remained under
\nnegative domestic and overseas factors.<\/p>\n
Overseas investors would stop selling off their Thai holdings
\ngiven the Morgan Stanley Capital International index is expected
\nto increase its weight in the Taiwan market this week.<\/p>\n
2. 2 x 24<\/p>\n
Asia remains ambiguous
\nabout low-cost carriers<\/p>\n
As European low-cost carriers run into flak, Asia remains
\nambiguous about them<\/p>\n
While dozens of low-cost airlines in Europe are locked in a
\ndogfight for survival, the concept of no-frills carriers is just
\ntaking off on the Asian and Australian continents.<\/p>\n
The cutthroat competition in Europe has caused at least three
\ncarriers among the more than 50 currently operating at present to
\ngo belly up in recent months.<\/p>\n
And Europe's largest low-cost airline, easyJet PLC, said last
\nweek that competitive pressure led to a loss of 19.7 million
\npounds (US$35 million) in the first half of its fiscal year.<\/p>\n
Still, another two dozen startups are awaiting permission to
\nbegin flying across the EU.<\/p>\n
\"This is a problem that's been brewing in Europe for quite
\nsome time with so many people jumping onto the bandwagon they
\nwere always going to hit a bit of a bump,\" said Peter Harbison,
\nhead of the Center for Asia-Pacific Aviation in Sydney,
\nAustralia.<\/p>\n
While Europe's budget airlines undergo growing pains, Asia's
\nare still in their infancy.<\/p>\n
With an area several times larger than Europe and about five
\ntimes more people, industry analysts say expectations for growth
\nin Asia's budget air travel is tremendous.<\/p>\n
But in many countries, including the region's largest
\npotential market, China, government-held aviation turf is closely
\nguarded, with state-sponsored carriers and other full-service
\nairlines restricting landing slots and effectively shutting out
\nnew entrants.<\/p>\n
A number of other nations have resisted the temptation to
\nderegulate their markets, including South Korea and Taiwan.<\/p>\n
But that hasn't caused a complete standstill in the
\ndevelopment of low-cost airlines in the region. Industry
\nmavericks such as recording industry-turned airline executive
\nTony Fernandes, who runs Malaysia-based AirAsia, have moved the
\nball forward by forging cross-border joint-ventures.<\/p>\n
3. 2 x 32<\/p>\n
Oil hits 13-year high on security
\nfears, gold hits six-month low<\/p>\n
Oil hits 13-year high, gold sets six-month low<\/p>\n
Concerns about the security of Middle East oil supplies and a
\nfeverish gasoline market in the United States drove crude oil
\nprices to a 13-year high of US$40 a barrel in New York this week.<\/p>\n
Gold prices hit a six-month low, as a strong dollar weighed on
\nthe precious metal and other commodities priced in the U.S.-unit.<\/p>\n
The Commodities Research Bureau (CBI) index of 17 commodities
\nrose to 272.84 points on Friday from 272.53 a week earlier.<\/p>\n
Gold: Gold prices slumped to a six-month trough as the dollar
\nsurged against other major currencies and investors bet on rising
\nU.S. interest rates.<\/p>\n
\"The end of the 'reflation trade', where investors saw
\ncommodities benefiting from low interest rates, money supply
\ngrowth and a weak U.S. dollar, has greatly affected gold,\"
\nBarclays Capital analyst Kamal Naqvi said.<\/p>\n
4. 1 x 40<\/p>\n
Airbus launches production of 'Superjumbo'<\/p>\n
Airbus Launches Production Of A380 `Superjumbo' Airliner<\/p>\n
European aircraft maker Airbus SAS on Friday launched
\nproduction of its A380 \"superjumbo,\" the biggest-ever commercial
\nairliner, stepping up its challenge to U.S. rival Boeing Co. and
\nthe midsize jet on which it has staked its future.<\/p>\n
During a ceremony attended by French Prime Minister Jean-
\nPierre Raffarin, Airbus unveiled the first fuselage at its
\nmassive new $435 million assembly plant near the southern city of
\nToulouse.<\/p>\n
The 220-hectare site will receive sections of the plane built
\nby Airbus workers in France, Germany, the U.K. and Spain and
\ntransported to Toulouse on specially constructed ships, river
\nbarges and trucks.<\/p>\n
The A380 confirms Airbus' status as \"one of the most beautiful
\npages in the book of French and European industrial history,\"
\nRaffarin told about 3,000 assembled VIP guests and Airbus
\nworkers.<\/p>\n
Company executives said a combination of limited global runway
\ncapacities and steady growth in demand for air travel promised a
\nrosy future for the A380.<\/p>\n
The 555-seater A380 will carry about one-quarter more
\npassengers than a Boeing 747, making better use of precious
\ntakeoff and landing slots as well as fuel, flight crew and other
\nresources when it enters service for Singapore Airlines in 2006.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/the-indonesian-stock-market-will-remain-under-pressure-this-1447899208",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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