• Indonesia to Offer US Dollar, Euro, Yen and Islamic Bonds in 2015

    The government of Indonesia announced that it plans to sell US dollar, euro and yen-denominated bonds as well as global sukuk (Islamic bonds) in 2015. Robert Pakpahan, Director General at the Debt Management Office within the Finance Ministry, said that the government targets to issue IDR 431 trillion (USD $35.2 billion) worth of bonds next year, of which USD $7-8 billion will be offered to global investors. Pakpahan added that the Indonesian government will not offer saving bonds next year.

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  • Soechi Lines First of 6 IPOs on Indonesia Stock Exchange in December

    A total of six Indonesian companies are expected to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in December 2014. Today (Wednesday 03/12), shipping company Soechi Lines made its trading debut, raising around IDR 582.5 billion (USD $48 million) by offering 1 billion new shares, or 15 percent of the company’s enlarged capital, to the public. The company’s shares surged as much as 27 percent after the opening. It was the 20th company to list on the IDX in 2014.

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  • Central Banks Cause Great Volatility; Indonesian Rupiah at 6-Year Low

    Based on the Bloomberg Dollar Index, Indonesia’s rupiah exchange rate depreciated 0.24 percent to IDR 12,301 per US dollar on Wednesday (03/12), the weakest level of Indonesia’s currency in almost six years, as the US dollar rallied, pushing Japan’s yen to a seven-year low, Malaysia’s ringgit to a five-year low, while the Russian ruble experienced record falls. Meanwhile, the euro touched a two-year low amid the sluggish economic growth forecast in the Eurozone. Policies of central banks across the globe have led to significant currency volatility.

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  • Tourism in Indonesia: Foreign Visitor Number Rises 8.7% in Jan-Oct 2014

    Indonesia welcomed a total of 808,767 foreign tourists in October 2014, up 12.3 percent from the same month last year, according to official data from Statistics Indonesia (BPS). Meanwhile, on a month-to-month basis, foreign tourist arrivals rose 2.2 percent from September 2014. Suryamin, Chief at BPS, said that the highest percentage increases on a month-to-month basis occurred in Adi Sucipto International Airport (Yogyakarta), followed by the Port of Tanjung Priok (Jakarta), and Sultan Syarif Kasim II International Airport (Riau).

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