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Jakarta
Tuesday, December 18, 2018
JAKARTA (TheInsiderStories) -  Moody's Investors Service says that all but four of the 41 high-yield non-financial corporates it rates in South and Southeast Asia with US dollar debt have protections against a substantial rise in leverage or contraction in EBITDA should their local currencies depreciate up to 20 percent against the US dollar. "Natural hedges...
JAKARTA (TheInsiderStories) - PT Kereta Cepat Indonesia China (KCIC), a consortium of Indonesian and Chinese companies building Indonesia's first high-speed railway has signed a US$4.5 billion loan with China Development Bank (CDB). The loan will cover 75 percent of the total costs, which are expected to reach $6 billion. The deal signed...
JAKARTA (TheInsiderStories) - The Islamic Development Bank (IDB) announced to providing loan facilities US$12.2 billion including to Indonesia and other countries, the president Bandar Hajjar disclosed on Monday at the sideline 42th IDB Annual Meeting in Jeddah, Saudi Gazette reported. Based on IDB data, Turkey tops the list of countries receiving loans $1.7...
JAKARTA (TheInsiderStories) - Bank Indonesia, the country's central bank, has issued ruling that will limit the amount of paper money to be brought out and inside the country. Based on the ruling (PBI NO. 19/7/PBI/2017) dated on May 5, 2017, the amount of paper money of Rp1 billion can only...
JAKARTA (TheInsiderStories) - Moody's Investors Service has downgraded the corporate family rating (CFR) of MNC Investama Tbk. (P.T.) (BHIT) to Caa2 from Caa1, and the senior secured rating on the notes, issued by its wholly-owned subsidiary, Ottawa Holdings Pte. Ltd., and unconditionally and irrevocably guaranteed by BHIT, to Caa3 from Caa2. The outlook on the...
JAKARTA (TheInsiderStories) - State owned brokerage firm Mandiri Sekuritas, owned by Bank Mandiri, has set up a fully owned Singapore subsidiary called Mandiri Securities Pte Ltd (Mandiri Securities Singapore). The establishment of the subsidiary is part of the brokerage firms drive to expand its global outreach. Mandiri Sekuritas obtained Capital Markets Services permit from...
JAKARTA (TheInsiderStories) – Indonesian shares are expected to trade higher today, extending yesterday’s gains, partly driven by news of widening trade surplus in April. Indonesia recorded exports of US$13.17 billion in April 2017, declined 10.30 percent from previous month, but rose 12.63 percent from the same month last year. Imports reached...
JAKARTA (TheInsiderStories.com) - Indonesia recorded exports of US$13.17 billion in April 2017, declined 10.30 percent from previous month, but rose 12.63 percent from the same month last year. Imports reached US$11.93 billion, declined by 10.20 percent from previous month, but rose 10.31 percent from the same month last year. As...
JAKARTA (TheInsiderStories) - AirAsia Berhad signed the memorandum of understanding (MoU) with Everbright and Henan Government Working Group to develop low cost carrier (LCC) in Tiongkok. The third parties will establish joint venture  company namely AirAsia (China) to serve LCC based in Zhengzhou, the capital city if Central Tiongkok. The MoU was signed by AirAsia Group...
Singapore -- Moody's Investors Service has today upgraded to Baa3 from Ba1 the issuer rating of Indosat Tbk. (P.T.) (Indosat Ooredoo). The outlook for the rating is stable. At the same time, Moody's has withdrawn the company's Ba1 Corporate Family Rating. RATINGS RATIONALE "The rating upgrade reflects the continued strengthening of Indosat Ooredoo's operational metrics as...

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