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Monday, December 18, 2017
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Singapore -- Moody's Investors Service ("Moody's") has assigned a definitive Baa3 rating to the senior unsecured US dollar-denominated bonds issued by the Government of Indonesia (Baa3 positive). The senior unsecured bond will rank pari passu with all of the government of Indonesia's current and future senior unsecured external debt. The proceeds of the bonds...
JAKARTA (TheInsiderStories) - A growing number of small businesses say they are looking to interact with their insurers online, with 36 per cent saying they will buy online in the near term, and 48 per cent within five years, according to PwC latest survey. The findings are from a survey...
TIS Intelligence
JAKARTA (TheInsiderStories) - The global sukuk market will continue to rebound from a sharp drop in volumes in 2015, supported by a range of factors, including rising sovereign issuance, product innovation, increasing demand from retail banks and a narrowing of spreads over conventional bonds, Moody's Investors Service said in a report on Tuesday...
Singapore -- Moody's Investors Service has assigned a first-time Ba2 corporate family rating (CFR) to Wijaya Karya (Persero) Tbk. (P.T.) (WIKA). The rating outlook is stable. RATINGS RATIONALE As a government-related issuer (GRI), WIKA's rating reflects a combination of (1) its b1 baseline credit assessment (BCA), and (2) a two-notch uplift based on Moody's expectation...
JAKARTA (TheInsiderStories) - Minister of Finance Sri Mulyani Indrawati officially Installed Robert Pakpahan as the new Director of General Taxes on Thursday (30/11), replacing Ken Dwijugiasteadi, who will retire in early December. Pakpahan was directly appointed by President Joko Widodo, after Sri Mulyani proposed three alternative candidates for post: Pakpahan, Suryo Utomo (Expert Staff...
JAKARTA (TheInsiderStories) - Chinese Development Bank (CDB) is today known as one of the largest financial institutions in the world, as reflected in its rank as 57th in the The Fortune Global 500 company list. Founded in 1994, CDB has surpassed the World Bank as the biggest lender, with...
JAKARTA (TheInsiderStories) - President Joko Widodo has targeted 5.4 percent of economic growth for 2018, supported by infrastructure development and consumer activity. Widodo's infrastructure development plan will require some Rp 5,500 Trillion (US$450 billion) in investment between 2015 and 2019 – the term of his presidency – the funds to derive from...
JAKARTA (TheInsiderStories) - Indonesian government aims to establish the Indonesia Infrastructure Financing Agency, also known as the ‘infrastructure bank’ as soon as 2018, to act as a bridge over the gap between the needs of infrastructure project funding and available longer-term financing. Isa Rachmatarwata, Director General of State Assets Management...
JAKARTA (TheInsiderStories) - The European Central Bank (ECB) has decided to keep its interest rate unchanged while reiterating there is a possibility it will begin tightening its monetary policy. While U.S Federal Reserves (The Fed) remain unclear on its next monetary policy. "Thus, monetary tightening in Europe will inevitably impact...
JAKARTA (TheInsiderStories) - The Indonesian Government is urging financial markets to support the acceleration of infrastructure development, to make up for insufficient state funds. x In August, Indonesia's Financial Services Authority (FSA) has issued an effective statement for three capital market instruments in infrastructure financing. According to Chief Executive of Indonesia's FSA, Hoesen,...

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