TIS Weekly report: macro edition Main story: Finance minister’s appointment has investors uneasy about future Investors are yet to react strongly to the surprise appointment of a political figure as acting finance minister, but may become jittery if he remains in the post for too long Roundup: Asian investors drive surge in FDI, while inflation Read more
(Insider Stories) — The Indonesia-Korea Comprehensive Economic Partnership Agreement, expected to nearly double the volume of bilateral trade between Indonesia and South Korea to $50 billion in 2015 and increase investments by Korean companies in Indonesia, may be finalized within six months, the industry minister says. Terms of reference have been finalized for the deal, Read more
(The Insider Stories) – Singapore’s DBS Group Holdings (DBSM) gained approval from Bank Indonesia (BI) last week to buy a majority holding in PT Bank Danamon (BDNM), paving the way for DBS to potentially buy up to 99% in Indonesia’s sixth-biggest lender by assets in a deal that at up to $7.2 billion could become the Read more
(The Insider Stories) – Indonesian automotive financing firms – known locally as multifinance companies – expect to ride out tough macroeconomic conditions and continue competing for a share of a redhot auto financing market despite the possibility the government will raise fuel prices by more than half, adding to inflationary pressure and a rupiah that has Read more
(The Insider Stories) – The Indonesian central bank has given the nod for DBS Group Holdings Ltd.’s (D05) planned multibillion dollar acquisition of Bank Danamon (BDMN), with the processing of the legal documents for the deal likely to be completed in May, sources with direct knowledge of the matter said Friday. Singapore’s DBS is the Read more
(Insider Stories)-Bank Indonesia trimmed its growth forecast for 2013 and forecast inflation to ease slightly following measures to ease food supply disruptions and once harvest season arrives, while keeping its benchmark rate unchanged. BI kept its benchmark rate unchanged at 5.75%, in line with market expectations and marking the 13th straight meeting it has kept Read more
Jakarta Govt Says Free Healthcare Access Improving, in Sign of Ongoing Reforms | Insider sector data
(The Insider Stories)–The Jakarta city government says a previously moribund program to provide free healthcare to some middle- and lower-income residents is beginning to show success, in a sign that the new city administration is continuing a record of proactive, reform-oriented governnance it has begun to establish in a relatively short time in office. Jakarta Read more
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