(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) - 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
(The Insider Stories) - Indonesia’s largest low-cost carrier, Lion Air is setting up a subsidiary airline, Thai Lion Air, and has begun recruiting pilots, cabin attendants and ground staff. Thai Lion Air will be a joint venture with Thai investors owning a mandatory 51% stake and plans to start operations with up to six single-aisle 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
(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). Read more
ADVERTISMENT
