All Articles: | Sector data
Jakarta’s Halim airport to reopen for commercial flights by September | Sector data
(Insider Stories) - State-owned airport operator PT Angkasa Pura II (AP II) will reopen the Halim Perdanakusuma Airport in the east of Jakarta for commercial flights by September, with the airport expected to be able to have 6,000 passengers a day and have 21 aircraft movements per hour, easing the overcrowding burden on Jakarta’s main Full Article
Pertamina launches $5 billion global medium term note program | Company data
(Insider Stories) - Indonesian state-owned energy company PT Pertamina has launched a US$5 billion medium-term note program this week, with people close to the deal saying that Barclays Capital, Citigroup and Royal Bank of Scotland are joint lead arrangers and PT Mandiri Sekuritas is a co-arranger. Pertamina is embarking on an ambitious capital expenditure program that will see Full Article
First-quarter growth eases on slowing domestic demand - Danamon | Outlook Data
(Insider Stories) - Indonesia’s economy grew 6.02% in the first quarter of the year, its slowest pace in more than two years and comparing with 6.11% in the fourth quarter of last year, highlighting the impact of inflation on the domestic consumption that is the economy’s major driver. The economics team at Indonesian lender PT Full Article
Jefferies expands equities business in Indonesia via partnership with Indo Premier | Company data
(The Insider Stories) - Global investment banking firm Jefferies Group LLC has announced it is expanding its equities business in Indonesia through an alliance with PT Indo Premier Securities expected to launch in the summer of 2013. Jefferies Asia chief executive Michael Alexander said in a statement the partnership with Indo Premier is part of Jefferies’ Full Article
The 26th ASEAN-U.S. Dialogue to Further Enhance Partnership | Press Release
WASHINGTON D.C., 6 May 2013 - The ASEAN-U.S. Dialogue took place last week in Washington D.C., where Senior Officials from all ten ASEAN Member States, the ASEAN Secretariat and the United States met to discuss pressing regional issues across ASEAN’s political-security, economic, and socio-cultural pillars. The annual dialogue is a reflection of the strong and enduring Full Article
Yields likely up in Indonesian local-currency debt auction - Bank Danamon | Outlook data
(Insider Stories) - Yields are likely to rise in an Indonesian government debt auction with an indicative target of IDR8 trillion ($800 million) after credit rating agency Standard & Poor’s Ratings Services last week revised its outlook on Indonesian government debt to stable from positive. The following is an analysis of the likely results of Full Article
Moody’s: Asian Liquidity Stress Index up in April for 2nd month | Outlook data
(The Insider Stories) - Moody’s Investors Service says that its Asian Liquidity Stress Index (Asian LSI) inched up to 27% in April from 26.9% in March. While the deterioration was slight, it was the second consecutive month that the index had worsened. The Indonesia sub-index for speculative-grade companies was flat at 12.5% for a fourth Full Article
Cap Asia buys 20% of toll operator, ready to invest US$100 million in Indonesia | Company data
(The Insider Stories) - Singaporean private equity fund Cap Asia acquired 20% of toll operator PT Margautama Nusantara (MUN), a subsidiary of Indonesian investment holding PT Nusantara Infrastructure (IDX:META). The sale-purchase Agreement was signed Monday between Cap Asia CEO Johan Bastin and Danni Hasan, CEO of MUN and finance director at META, with the ceremony witnessed by Full Article
Capital Economics: Growth in Indonesia to remain resilient | Outlook data
(Insider Stories) - Despite a slowing in growth in the first quarter of the year to 6.02% on year from 6.11% in the fourth quarter of last year, Indonesia’s economy remains resilient and the country is well placed to withstand the slowdown in global growth, London-based research provider Capital Economics says. The following is an Full Article
Persistent delays to fuel subsidy reductions are credit negative for Indonesia - Moody’s | Outlook data
(The Insider Stories) - Persistent delays in reducing fuel subsidies that cost Indonesia over 2% of its gross domestic product are credit negative for the country, although modest government debt, adequate foreign reserves and strong economic growth support a stable outlook on the country’s sovereign debt, Moody’s Investors Service says in a Moody’s Credit Outlook Full Article
Weekly macro report: Fuel price policy clouds outlook, although there are bright spots | Sector data
(The Insider Stories) – A number of warning signals sounded this week for Indonesia’s economy, with stalled reforms and a seeming lack of willingness by the palace to take swift action on issues like fuel subsidies putting a long-awaited sovereign rating upgrade at risk, while a forecast that weak commodity prices will keep growth near Full Article
PHE ONWJ acquired 5% ONWJ Block
(The Insider Stories) - Indonesia oil & gas producer, PT Pertamina Hulu Energi Offshore North West Java (PHE ONWJ), PT Pertamina Hulu Energi subsidiary, acquired 5.03% participating interest of Talisman Resources (North West Java) Ltd in Offshore North West Java (ONWJ) block, said the company in statement. Communications Manager PHE ONWJ Donna Priadi said the Full Article
Indonesia bank M&A offers buyers growth and challenges - Fitch | Outlook data
(Insider Stories) - Reports that two large Japanese banks are interested in PT Bank Tabungan Pensiunan Nasional (IDX:BTPN) highlight interest in Indonesia’s banking sector due to its growth potential, but high prices and restrictions on bank ownership are potential risks, Fitch Ratings says in a report. “We believe that overpayment in the absence of synergistic Full Article
S&P: Outlooks On Four Indonesian Entities Revised To Stable Following Sovereign Outlook Revision | Press release
SINGAPORE (Standard & Poor’s) May 2, 2013-Standard & Poor’s Ratings Services today revised its rating outlooks to stable from positive and affirmed the global scale ratings on four Indonesian entities following a similar action on the sovereign credit rating on the Republic of Indonesia (BB+/Stable/B; axBBB+/axA-2). At the same time, we affirmed the ASEAN regional Full Article
