headline-macro
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
New finance minister Basri to hit the ground running - Citibank | Outlook data
(The Insider Stories) - The appointment of investment chief Muhammad Chatib Basri as Indonesia’s new finance minister should assist with negotiations over the 2013 budget - crucial for securing a much-needed increase in subsidized fuel prices - and improve the investment climate in other areas such as human resources and possibly even R&D budgets in 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
Exclusive: Pertamina prices global medium term notes at US$3.25 billion | Company data
(The Insider Stories) - Indonesia’s biggest energy company, state-owned PT Pertamina, will issue US$3.25 billion from its global medium-term note programme (GMTN), slightly higher than its initial target. The order book is $14.4 billion or 5.76 times oversubscribed from the initial issuance target of $3 billion. Pertamina investment director Afdal Bahauddin says the yield on the 10-year 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
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
Indonesia outlook revised to stable from positive - S&P | Outlook data
(Insider Stories) – Ratings agency Standard & Poor’s Ratings Services has revised its outlook for Indonesia to stable from positive while affirming its sovereign credit ratings, as stalled reform momentum and a weaker external profile have diminished the potential for a rating upgrade by the agency in the next 12 months despite a favorable debt profile Full Article
Global consumer confidence gains in Q1, Indonesia most optimistic - Nielsen | Outlook data
(Insider Stories) – Global consumer confidence rose slightly in the first quarter of this year as consumers’ perceptions of economic conditions improved in the U.S., across key markets in Asia and throughout northern and central Europe, according to Nielsen. Indonesia overtook India as the most optimistic country in terms of self-reported key economic indicators – Full Article
Indonesia records on-month deflation in April - Danamon | Outlook data
(Insider Stories) – Indonesia’s main inflation gauge fell 0.1% in April from the previous month and gained at a more moderate pace from a year earlier as basic food prices reversed recent sharp rises, the Central Statistics Agency (BPS) says in a statement. The on-month decline in the consumer price index was sharper than predicted by Full Article
Weekly report: Finance minister pick has investors uneasy, while investment and inflation improve | Sector data
TIS Weekly: 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 Indonesia FDI, Full Article
Investment in Indonesia rises 40% on year in Q1 | Sector data
(Insider Stories) – Foreign direct investment in Indonesia grew 27.2% year-on-year to Rp 65.5 trillion ($6.8 billion) in the first quarter of this year, led by Japanese investment in the automotive sector, the head of Investment Coordinating Agency (BKPM) said on Monday. BKPM said Japanese investors contributed the most capital, pouring $1.2 billion into Indonesia, followed Full Article
Indonesia-Korea partnership may be ready October, focuses on industry investment | Sector data
(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, Full Article
Bank Indonesia keeps rates steady; trims growth forecast | Outlook data
(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 Full Article
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 Full Article
Indonesia’s Lawmakers Approve Agus Martowardojo As the New Cbank Govt | Insider News
(The Insider Stories) - Indonesia’s finance and banking commission at the House of Representatives approved Finance Minister Agus Martowardojo to succeed the retiring central bank governor Darmin Nasution, Emir Moeis, the commission’s chairman said late on Tuesday. He said 47 lawmakers in the commission voted in favor of Agus, while seven rejected the former chief Full Article
