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Indonesia Bank Pembangunan Daerah Sulawesi Selatan and Barat’s (Bank Sulselbar) rating and its outstanding bond I/2011 were upgraded to ‘idA+’ from ‘idA’. The rating on bank’s sukuk mudharabah I/2011 was also upgraded to ‘idA+(sy)’ from ‘idA(sy)’ with a stable outlook. The rating upgrade due to its financial indicators are continuously improved including capitalization and asset.

Tower Bersama Infrastructure’s Tbk (TBIG:IJ) rating was downgraded to Ba3 from Ba2 by Moody’s. Moody’s also cut the rating on its USD 300 million notes issued by TBG Global Pte Ltd, a wholly owned TBIG’s subsidiaries, to the same level. The outlook rating is stable. TBIG’s leverage which surged to 6.3x as a result of.

Pemeringkat Efek Indonesia (Pefindo) affirmed idAA for PT Mandiri Tunas Finance (TUFI) and its outstanding Shelf Registration Bond I/2013. The same rating also affirmed for the proposed Shelf Registration Bond II/2015 with a maximum amount of IDR 2 trn. The rating reflects the company’s status as core subsidiary of Bank Mandiri (BMRI:IJ idAAA/Stable), strong business.

Indonesia corporate bonds yield tightened sharply on last week trading with the yields fell in all maturities curve supported by a relief rally of IDR which strengthened 8.4% WOW to IDR 13,412 per US dollar. Credit yield fell in all tenor bonds and rating classes by an average of 65 bps WoW. Flows also rose.

With the economy growing >5% annually and its people increasingly connected via social media (evidenced in 2014’s presidential election), we see a new generation of confident and informed consumers on the rise. Vibrant, younger Indonesians in the sizeable middle class want to satisfy their secondary needs. They are optimists, entrepreneurial, technology-dependent and express their opinions.

Bank Permata’s key strengths are its two main shareholders, Standard Chartered Bank (SCB) and Astra International, Tbk (ASII IJ). Both have a joint ownership of 89.12% in Bank Permata, Tbk (BNLI IJ). SCB is a British multinational bank operating in over 70 countries and has a credit rating of A+ by S&P. Whereas, Astra is.

TBLA Paying Off Maturity Bonds. As many as three issuers state their readiness to pay debt securities that are due in the near future. The maturing debt securities amount to Rp 2.03 trillion. The three issuers are PT Tunas Baru Lampung Tbk (TBLA). Tunas Baru Lampung has accelerate the.

Indonesia Turning Point Economics. The Minister of Finance, Sri Mulyani Indrawati, said that the Indonesian economy in the third quarter of 2020 grew -3.49% year on year (yoy). This growth is consider to be better than the second quarter of 2020 which grew -5.32%. According to Sri Mulyani, this better third quarter.

The Worst is Over Now. Finance Minister Sri Mulyani Indrawati said Indonesia had pass the worst period cause by the Covid-19 pandemic. According to him, the worst period due to the pandemic was in the second quarter of 2020. Previously, in the second quarter of 2020, Indonesia’s economy contract at minus 5.32%.

Generalized System of Preferences for Indonesia. The extension of the Generalized System of Preferences (GSP) facility from the United States (US) brings fresh air for Indonesian export products. This decision was taken by the US through the United States Trade Representative (USTR) on Saturday, October 30, 2020.