(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 Read more
(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, Read more
(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 Read more
(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 Read more
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 Read more
(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 Read more
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 Read more
ADVERTISMENT
