Finance
Indonesia revises GDP forecast to 6.2% vs previous 6.8%; gasoline to rise 44% | Regulation data
(Insider Stories) – Indonesia has updated macroeconomic assumptions from the revised 2013 state budget. Among highlights, economic growth (GDP) is now expected to be 6.2%, while inflation is forecast at 7.2%. Both figures are in line with recent TIS forecasts. Another key figure is the assumption for a 44% rise in subsidized gasoline prices to IDR6,500 Full Article
XL Axiata plans to buy Axis shares from Saudi Telco, merge unit - Exclusive | Company data
(Insider Stories) – Indonesian telecomunication operator PT XL Axiata (IDX:EXCL) plans to merge with privately owned PT Axis Telekom Indonesia to increase its share of the cellular and data markets, two people familiar with the matter say. The transaction will require approval from the government. Malaysian operator Axiata Group Bhd. (KL:AXIATA), which owns XL Axiata, Full Article
Exports may rise this year, reversing 2012′s fall - trade ministry official | Sector data
(Insider Stories) - Growth in relatively new markets likely will drive Indonesian exports higher this year after shipments declined in 2012. “Our exports may hit $194-$195 billion (IDR1,900 trillion) this year from about $191 billion last year,” trade ministry export development director Gusmardi Bustami says at a business event, reports say. Exports fell 6% last Full Article
DBS-Danamon deal may temper Indonesia banking M&A - Fitch Ratings | Outlook data
(Insider Stories) - Bank Indonesia’s decision to allow DBS Group Holdings Ltd. (SGX:D05) to take only a 40% initial stake in PT Bank Danamon (IDX:BDMN) rather than the majority holding DBS is seeking may temper inbound M&A interest in the banking sector, Fitch Ratings says. It notes that holdings of between 10%-50% of a bank Full Article
ASEAN Market Review: Indonesia’s & Malaysia’s 1Q Growths Decelerate - Budgecom | Outlook Data
Economic Insights Malaysia’s 1Q Gross Domestic Product (GDP) unexpectedly grows less than 5% Malaysia’s 1Q growth rose by just 4.1% YoY, much lower than the earlier forecast. The growth figure was also down from a 6.5% YoY growth rate in the fourth quarter last year. Yet, the official figure maintained the full-year growth target Full Article
Sterling’s slide unlikely to gather pace - Capital Economics | Outlook Data
(Insider Stories) - A slide in the pound likely isn’t set to gather pace, with the USD/GBP likely increasing a touch to $1.55 by year end, London-based research provider Capital Economics says. The following is a Capital Daily report. - Bernanke to emphasise Fed’s flexibility over pace of future asset purchases (15.00 BST) - UK Full Article
Moody’s: Developers to benefit from demand in Greater Jakarta | Outlook Data
Singapore, May 21, 2013 — Moody’s Investors Service says that Indonesian developers will benefit from the solid demand for properties on sale in the residential, office and retail space in Greater Jakarta over the next 12-18 months. The developers will also see stable to high rental occupancy rates in their office and retail portfolios, as Full Article
Yield steepened on Fuel Policy Uncertainty - Danamon | Outlook Data
(The Insider Stories) - The government will today auction the 1-yr t-bill, 10-yr, 15-yr and 20-yr bonds with indicative target of IDR8tn. Year to date, the government have raised IDR128.6tn (incl. the global bonds issuance), or around 46% of the IDR281.1tn full year gross issuance target. Our yield forecasts for the auction are provided in Full Article
Maybank FX Research : Indonesia – Domestic Fixing of USD/IDR Reference Rate Debuts | Outlook data
(The Insider Stories) - Below is research from Malayan Banking Bhd. on the commencement of onshore fixing of the U.S. dollar-Indonesian rupiah reference rate by Bank Indonesia. BI begins domestic fixing of USD/IDR reference rate. Today marks the start of Indonesia’s domestic fixing of the USD/IDR reference rate or Jakarta Interbank Spot Dollar Rate (JISDOR). Full Article
Insurance industry supported by GDP growth, but window will narrow for overseas providers | Sector data
(TIS) - Indonesia’s developing insurance industry is supported by strong economic growth, however risks remain in the form of intense industry competition and an uncertain global economic environment, ratings agency PT Pefindo says in an analysis of the sector. TIS Analysis: Indonesia’s insurance market represents one of the world’s biggest potential growth markets. Due to Full Article
Bank Internasional Indonesia auto finance arm sets IDR1.5tln bonds coupon at 7-8.5% | Company data
(Insider Stories) - Bank Internasional Indonesia Finance Center, an automotive financing arm of PT Bank Internasional Indonesia Tbk, sets the coupon rate of its Rp 1.5 trillion bonds at around 7.0 percent to 8.5 percent. Alexander, BII Finance Center’s President Director said on Monday the company plans to use proceeds of the bond sale to support expansion, Full Article
Investment chief Basri is new finance minister | TIS Intelligence
(The Insider Stories) – Indonesian President Susilo Bambang Yudhoyono has selected Muhammad Chatib Basri, the chairman of the Investment Coordinating Board (BKPM), as the country’s new Finance Minister. “Today I have decided that the new finance minister to replace Agus Martowardojo will be Muhammad Chatib Basri,” said Yudhoyono. The selection – flagged in advance by Full Article
Rates on hold, growth slower but resilient; resource sector in focus - Weekly report | Sector data
Main story: Bank Indonesia likely to keep rates on hold; growth to slow but stay resilient Bank Indonesia kept benchmark interest rates steady this week and is likely to remain on hold until later in the year despite an imminent rise in inflation, but despite the central bank’s efforts and an improvement in the balance Full Article
Support for IDX at 5062-5086 Monday, 5155-5183 cap - Trust Securities | Outlook data (Bahasa Indonesia)
(Insider Stories) - The Jakarta composite index was supported by encouraging data releases and strength in Asian bourses despite weak U.S. and European markets, Trust Securities notes. It expects support for the index at 5062-5086 Monday and resistance at 5155-5183, it says. Below is Trust Securities’ Daily & Weekly Report in Bahasa Indonesia. 1 Daily Analysis Laju Full Article
Report : Developing world’s share of global investment to triple by 2030 - World Bank | Outlook data
WASHINGTON, May 16, 2013 – Seventeen years from now, half the global stock of capital, totaling $158 trillion (in 2010 dollars), will reside in the developing world, compared to less than one-third today, with countries in East Asia and Latin America accounting for the largest shares of this stock, says the latest edition of the Full Article
