ASEAN Macro Daily(Beta Mode)
BNM Holds OPR; STI Rises as PHP Weakens
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| JCI | 6,636.48 | -0.47% |
| KLCI | 1,708.10 | -0.41% |
| STI | 5,801.96 | +0.94% |
| USD/IDR | 17,631.00 | +0.07% |
| USD/THB | 32.87 | -0.06% |
| USD/MYR | 4.04 | +0.01% |
| USD/PHP | 62.63 | +0.38% |
| USD/SGD | 1.27 | +0.02% |
| Brent Crude | 96.28 | +0.80% |
| Gold | 4,476.60 | -0.34% |
| Bitcoin | 79,854.52 | +0.04% |
| Indonesia 10Y Govt Yield | - | - |
| Thailand 10Y Govt Yield | - | - |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
Indonesia Trade Balance | Type: macro_line | USD mn: 2.557e+10 (2026-06-01) | Range: 2.078e+10–2.667e+10 | Trend(5pt): 2.164e+10,2.327e+10,2.078e+10,2.246e+10,2.557e+10
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| Unemployment Rate | 4.90 | - | 21:00 |
- BNM holds OPR steady, ringgit opens firmer against USD
- STI rises 0.94% while JCI and KLCI post modest losses
- Indonesia rupiah faces two-way risks near support levels amid USD strength
Yesterday's Recap
Regional equity markets delivered mixed results on September 5. Singapore’s STI advanced 0.94% to 5,801.96 while Indonesia’s JCI fell 0.47% to 6,636.48 and Malaysia’s KLCI slipped 0.41% to 1,708.10. Currencies showed limited movement overall, with USD/PHP rising 0.38% to 62.63 and USD/IDR edging 0.07% higher to 17,631.
USD/MYR ticked up 0.01% to 4.04 while USD/THB eased 0.06% to 32.87. Brent crude gained 0.80% to 96.28 and gold declined 0.34% to 4,476.60. Bank Negara Malaysia kept the overnight policy rate unchanged, supporting a firmer ringgit open.
Kenanga raised its 2026 Malaysia GDP forecast to 5.3% on resilient external demand. Indonesia’s first female central bank governor Destry confronts simultaneous growth and stability objectives. A volcanic eruption near Jakarta stranded more than 170,000 passengers and suspended over 200 flights at Soekarno-Hatta airport.
Thailand’s SET amended listing rules to attract new-economy firms and ease equity funding access. Indonesia-Japan infrastructure cooperation advanced with 32 projects supporting FDI inflows into transport and energy.
The Day Ahead
The Philippines will release its August unemployment rate at 21:00 ET on September 7. No central bank meetings or sovereign bond auctions are scheduled across the six ASEAN economies in the immediate window. Indonesia-Japan infrastructure cooperation continues with 32 projects advancing FDI into transport and energy sectors.
Thailand’s domestic systemically important banks are exploring non-lending revenue streams amid structural economic shifts. Regional equity and FX markets will continue to track USD direction and commodity price moves. Thailand’s digital content industry grew 6% in 2025 to 53.4 billion baht as the intellectual property gap widens, while Thai SMEs face falling sales, bad debt and tight credit conditions.
Other Economic Notes
Indonesia-Japan infrastructure deals reinforce FDI inflows into the region’s largest economy. Thailand’s policy adjustments aim to capture new-economy listings while domestic banks seek growth beyond traditional lending. Malaysia’s upgraded 2026 growth outlook reflects sustained external demand despite global supply-chain realignments.
Vietnam continues to benefit from manufacturing relocation trends, though no fresh data emerged yesterday. <i>↓ p.2</i>
