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Jakarta
Friday, April 20, 2018
JAKARTA (TheInsiderStories) - The yield-to-maturity of Indonesian sovereign bonds continues to drift lower this year, following Standard & Poor's (S&P) award of an ‘investment grade’ rating and oversupply of sovereign bonds following last Wednesday’s (3/1) auction. Indonesia's government sold Rp25.5 trillion (US$1.89 billion) on Wednesday, higher than an indicated target...
JAKARTA (TheInsiderStories) - In anticipation of lingering global uncertainty, the government will issue 100 per cent of its foreign currency bonds (or sovereign bonds) during the first half (H1) of 2018. The decision is also seen as a move to mitigate global market risk. This year, the government plans to sell...
JAKARTA (TheInsiderStories) – The Indonesian central bank (BI), revealed its future policy directions for 2018, vowing to maintain sustainability and strengthen the momentum of domestic economic recovery. Since 2016, BI has cut its rate by 150 basis points (bps), an easing facilitated by lower inflation for two years in a...
JAKARTA (TheInsiderStories) - The global oil price has been picking up to above the government’s assumption set in the state budget, prompting speculation that the government would raise domestic retail fuel price. However, Minister for Energy and Mineral Resources Minister Ignasius Jonan announced on Wednesday that the government will not...
Indonesia remains the optimistic zone despite a slight decline of 6.9 points to 67.9 points compared to the first half of 2017 Jakarta - According to a recent study of Mastercard Consumer Confidence Index, the level of consumer confidence in the Asia Pacific region during the second half of 2017 increased...
Hong Kong - Fitch Ratings has upgraded Indonesia's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to 'BBB', from 'BBB-'. The Outlook is Stable. A full list of rating actions is at the end of this rating action commentary. KEY RATING DRIVERS The upgrade of Indonesia's IDRs reflects the following key...
Singapore -- Moody's Investors Service has downgraded the corporate family rating of Matahari Putra Prima Tbk (P.T.) (MPPA) to B1 from Ba3. The rating outlook is stable. RATINGS RATIONALE MPPA's rating downgrade reflects continued weakness in the company's operating performance, impacted by sluggish sales, against the backdrop of weak industry demand and heightened competition. In light...
JAKARTA (TheInsiderStories) - International Monetary Fund (IMF) says Brexit has the potential to reshape the structure of the United Kingdom (UK) economy. The impact will depend on the nature of the final agreement, and may take many years to fully materialize. However, the agency reported, in the coming years agriculture,...
JAKARTA (TheInsiderStories) - Indonesia growth outlook is constrained by sluggish consumer spending, according to ICAEW. However, growth is still expected to pick-up modestly to 5.1% in 2017, due to the robust government spending and investment. ICAEW continues to forecast growth of 5.3% in 2018 for Indonesia, against a broad-based but mild...
Top 10 Economic Predictions report says strong, synchronized global economy faces low risk of recession LONDON –The global economy will expand 3.2 percent in 2018, matching the rate of growth achieved in 2017 and marking the first time since 2011 that global growth topped 3 percent, according to an annual forecast...

Latest article

Australian Macmahon Commences Phase 2 of Batu Hijau Mines

JAKARTA (TheInsiderStories) - Australian mining services firm Macmahon Holdings Limited (ASX:MAH) has commenced Phase 2 of the Batu Hijau contact in Indonesia. Batu Hijau copper and...

Indonesian Lender to Raise US$500M from Global Bonds in Q3

JAKARTA (TheInsiderStories) - State-owned lender PT Bank Rakyat Indonesia TbK (IDX: BBRI) will issue US$500 million global bonds in third quarter this year, aims to...

Policy Review: The Bright Future FinTech Business in Indonesia

JAKARTA (TheInsiderStories)—The financial technology (FinTech) players are shaking up the banking sector in Indonesia to provide payment and lending facilities and collaboration between the...

Bank Indonesia Keep Rate Unchanged in April

JAKARTA (TheInsiderStories) - Indonesia’s central bank (BI) decided keep its benchmark interest rate in 4.25 percent on Thursday (19/4), leaving it unchanged since September last year. The...

Freeport Indonesia To Closes Open-pit Mine in 2019

JAKARTA (TheInsiderStories) - PT Freeport Indonesia (PTFI) will close the operation of the open-pit gold mine in Grasberg, Papua--where the ore body occurs near the...

Italian’s Eni Get Approvals To Develop Merakes Field in Indonesia

(TheInsiderStories) – Italia's Eni announced the approval of the Plan of Development for the Merakes field located in the East Sepinggan PSC in the...