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Monday, December 18, 2017
Singapore -- Moody's Investors Service says that its Asian Liquidity Stress Index (Asian LSI) weakened in July, rising to 29.1% from 25.6% in June 2017. The Asian LSI measures the percentage of high-yield companies with SGL-4 scores as a proportion of high-yield corporate family ratings (CFRs) and decreases when speculative-grade liquidity improves. "The reading moved...
by Hugo Erken and Bjorn Giesbergen from Rabobank Without China’s economic lifeline, the North Korean economy would go off a cliff Although China has been scaling down on imports from North Korea, which suggest China respects the sanctions imposed by the UN Security Council, China so far has continued...
Singapore -- Moody's Investors Service says that the banking systems in Asia Pacific overall show a stable outlook for 2018, but challenges are apparent in terms of long-term risks related to the high level of private-sector leverage. "Solvency metrics will be stable in most of the banking systems rated by Moody's in Asia Pacific,...
JAKARTA (TheInsiderStories) – Indonesian business prospect in the second semester (2H) of 2017 more promising forced by the government's massive national development program . In the 1H of the year, profitability of publicly listed company rose 38.3 percent compared to same period in 2016. Net profit of listed companies on...
JAKARTA (TheInsiderStories) - Indonesia's gross domestic product (GDP) will recover in the second half of 2017, driven by global trade, a pickup in fiscal spending, and a more efficient government expenditure mix, Morgan Stanley research. The second quarter GDP growth only 5.0 percent or below estimate and consensus at 5.1...
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,...
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 - Cash remains an important traditional payment tool in Indonesia; cards will be used more frequently as the move to non-cash payments accelerates. Providers should increasingly promote card adoption and use merchant partnerships, reward programs, and other benefits to encourage card use, while educating Indonesian consumers about the...
JAKARTA (TheInsiderStories) - The Philippines' economic growth in the second quarter of this year was the fastest among the six biggest members of the Association of Southeast Asian Nation (ASEAN), representing more than 95 percent of gross domestic product (GDP) in the regional bloc. Meanwhile, Indonesia remains the largest economy...
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...

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Daily Business Brief – Dec 18

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Moody’s: Banking systems in Asia Pacific show stable outlook, but challenges apparent

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