www.thejakartaglobe.com - Moody’s Investors Service has maintained a stable
outlook for Indonesia’s economy, citing the country’s reliable economic
growth and prudent debt management. The announcement appeared to be
welcomed by the market, which on Monday pushed up bond yields and set
the rupiah into stronger territory in Jakarta.
Moody’s analyst
Christian de Guzman said relatively strong economic growth coupled with
prudent fiscal management prompted the rating assessor to maintain its
outlook for Indonesia. A stable outlook for a country’s sovereign debt
means the rating assessor is unlikely to change its rating within the
next 12 months.
“Indonesia’s Baa3 sovereign rating is anchored
by strong growth, low government debt, and the recent track record of
prudent fiscal management,” De Guzman said in a report released on
Monday. (source)
Showing posts with label the jakarta globe. Show all posts
Showing posts with label the jakarta globe. Show all posts
Wednesday, July 18, 2012
Wednesday, June 27, 2012
INDONESIA - CAPITAL MARKETS - Bank Muamalat Gets Ball Rolling On Fund-Raising With Bond Sale
www.thejakartaglobe.com - Bank Muamalat, an Islamic lender in Indonesia, is planning to raise Rp
800 billion ($85 million) from the sale of subordinated Islamic debt
this week.
The bank, which is partly controlled by the Islamic Development Bank, is offering the 10-year Islamic notes to investors today and plans to list the debt on the Indonesia Stock Exchange next Monday.
The offering will be the first as part of Bank Muamalat’s long-term plan to raise Rp 1.5 trillion within two years, the lender said in a brief prospectus published in Investor Daily on Monday.
Indonesia is the world’s largest Muslim population country, with Muslims comprising 85 percent of its 240 million population. (source)
The bank, which is partly controlled by the Islamic Development Bank, is offering the 10-year Islamic notes to investors today and plans to list the debt on the Indonesia Stock Exchange next Monday.
The offering will be the first as part of Bank Muamalat’s long-term plan to raise Rp 1.5 trillion within two years, the lender said in a brief prospectus published in Investor Daily on Monday.
Indonesia is the world’s largest Muslim population country, with Muslims comprising 85 percent of its 240 million population. (source)
INDONESIA - REGULATIONS - DBS Indonesia Deal May Dodge New Bank Ownership Rules
www.thejakartaglobe.com - The gloom surrounding DBS Group’s $7.2 billion bid for Indonesia’s Bank
Danamon is giving way to renewed optimism, with signals from the central
bank in Jakarta on Tuesday suggesting the Singapore lender’s takeover
may just scrape through.
Southeast Asia’s biggest banking takeover bid was thrown into limbo in April, when Bank Indonesia (BI) announced it would not approve the deal to buy its sixth-biggest lender until it had published new regulations to cap ownership stakes in banks.
The central bank says it wants to prevent its lenders falling captive to single interests and ensure they have a diverse shareholder base holding management to account. (source)
Southeast Asia’s biggest banking takeover bid was thrown into limbo in April, when Bank Indonesia (BI) announced it would not approve the deal to buy its sixth-biggest lender until it had published new regulations to cap ownership stakes in banks.
The central bank says it wants to prevent its lenders falling captive to single interests and ensure they have a diverse shareholder base holding management to account. (source)
Monday, June 25, 2012
MALAYSIA - BANKING - Malaysia May Liberalize Banking Sector
www.thejakartaglobe.com - Malaysia, the third-biggest economy in Southeast Asia, is considering
opening up its banking system to foreign investors, a move seen by
analysts as part of the country’s efforts to expedite integration into
the so-called Asean Community in 2015.
Zeti Akhtar Aziz, governor of Bank Negara Malaysia, that nation’s central bank, said the country was preparing new banking rules to provide greater flexibility in the nation’s financial system.
“We are now pushing a new law in parliament for the full financial system,” Zeti said after delivering a keynote speech at the Wharton Global Alumni Forum in Jakarta on Friday. “We’re not sure when it will go, either this time or next time. Next time [may mean] in September. But that law will give us more flexibility in the licensing,” she said. (source)
Zeti Akhtar Aziz, governor of Bank Negara Malaysia, that nation’s central bank, said the country was preparing new banking rules to provide greater flexibility in the nation’s financial system.
“We are now pushing a new law in parliament for the full financial system,” Zeti said after delivering a keynote speech at the Wharton Global Alumni Forum in Jakarta on Friday. “We’re not sure when it will go, either this time or next time. Next time [may mean] in September. But that law will give us more flexibility in the licensing,” she said. (source)
Thursday, May 03, 2012
INDONESIA - INVESTMENT FUNDS - Real Estate Investment Trusts Target Indonesia Five Years After Rules
www.thejakartaglobe.com - Al-’Aqar Healthcare Real Estate Investment Trust, Malaysia’s oldest
Islamic REIT, is considering opening a trust in Indonesia as the nation
reviews its first application five years after legalizing such property
companies.
Kuala Lumpur-based Al-’Aqar, which already owns two hospitals in Indonesia, would look at registering a trust in the Southeast Asian country provided it gets tax incentives and clearer rules on foreigners owning land are implemented, Executive Director Yusaini Sidek said by e-mail yesterday. (source)
Kuala Lumpur-based Al-’Aqar, which already owns two hospitals in Indonesia, would look at registering a trust in the Southeast Asian country provided it gets tax incentives and clearer rules on foreigners owning land are implemented, Executive Director Yusaini Sidek said by e-mail yesterday. (source)
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