Global credit rating agency Moody's Investors Service may cut the credit rating of Indonesia-based property company Lippo Karawaci. Main reason for the cut would be the delay in the property firm's release of its full-year 2017 financial report as well as a high amount of foreign-denominated debt and concern about the company's liquidity. It is the third time since last year that Lippo Karawaci delayed the publication of its financial report.

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Indonesia-based general insurance company Asuransi Tugu Pratama Indonesia, which is majority-owned by state-owned energy company Pertamina, will offer 282.35 million new shares to the public through an initial public offering (IPO) on the Indonesia Stock Exchange. The number of shares offered to the public is equivalent to 15 percent of the company's total shares.

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The Asian Development Bank (ADB) stated in its Asian Development Outlook (ADO) report, which was released on Wednesday (11/04), that it expects the Indonesian economy to expand by 5.3 percent year-on-year (y/y) in 2018 and 2019 on the back of rising investment and an improvement in household consumption.

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Trade finance, a facility to finance export and import activities, remains attractive for the banking sector of Indonesia in 2018. In the first two months of 2018 trade finance surged 20 percent.

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