In its latest East Asia and Pacific Economic Update, the World Bank is optimistic about Indonesia's recent economic performance as well as its future prospects. The country's FY-2017 gross domestic product (GDP) expanded at the fastest pace in four years, led by stronger investment and net exports. Meanwhile, its current account deficit narrowed to a six-year low, while the central government's budget deficit reached the lowest since 2014, on the back of stronger global trade and strengthening commodity prices.

Lanjut baca ›

Moody's Investors Services, one of the world's prestigious credit rating agencies, upgraded Indonesia's long-term, foreign currency-denominated debt rating to Baa2 (with a stable outlook), the second-lowest investment grade rating, on Friday (13/04). Moody's cited increasingly credible and effective fiscal and monetary policies as key reasons for the upgrade. The latest upgrade puts Indonesia on par with India and the Philippines.

Lanjut baca ›

Terminal operator Indonesia Kendaraan Terminal (better known as IPC Car Terminal) plans to conduct an initial public offering (IPO) on the Indonesia Stock Exchange in mid-July 2018. The company, which is owned by state-owned port operator Pelindo II, handles the movement of cargo containers for shipments related to the automotive industry at its terminal in Jakarta's Tanjung Priok harbor.

Lanjut baca ›

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.

Lanjut baca ›