• Bank Kesejahteraan Ekonomi Delays IPO as New Investor Arrived

    Indonesian financial institution Bank Kesejahteraan Ekonomi delayed its initial public offering (IPO) on the Indonesia Stock Exchange because it welcomed a new investor. Earlier Bank Kesejahteraan Ekonomi planned to conduct its IPO at the start of 2018. It still targets to become a publicly listed company this year but in the second half of 2018, the earliest.

    Lanjut baca ›

  • Positive & Negative Consequences of Rising Crude Oil Prices

    The Indonesian government emphasizes that the higher-than-estimated crude oil price will not destabilize the 2018 state budget. While the government set its Indonesian Crude Price (ICP) at USD $48 per barrel in the 2018 state budget, West Texas Intermediate (WTI) and Brent have already surpassed the USD $60 per barrel level, significantly higher than the assumption of the Indonesian government and therefore triggering some concern over rising energy subsidies.

    Lanjut baca ›

  • After Jasa Marga's Success, PLN Plans to Issue Global Rupiah Bonds

    Indonesia's state-owned utility company Perusahaan Listrik Negara (PLN) plans to issue rupiah-denominated global bonds (known as 'komodo bonds', 'nasi goreng' bonds or 'rendang' bonds) in the second quarter of 2018. PLN targets to raise up to USD $2 billion through the bond issuance. Proceeds will be used for financing its part in Indonesia's 35,000 MW power development program as well as for debt payments.

    Lanjut baca ›