• Growth of Indonesia's Foreign Debt Slows Down Conform Economic Trend

    Growth of Indonesia's foreign debt has slowed down in July 2013 according to data from Indonesia's central bank (Bank Indonesia). Total foreign debt in July 2013 stood at USD $259.54 billion, a 7.3 percent increase compared to the same month in 2012. In June 2013, the year on year growth had been 8 percent. Bank Indonesia stated that it considers Indonesia's current foreign debt situation - both in the private and public sector - as healthy. Growth has slowed down as a consequence of the slowing national economy.

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  • Company Profile of Indonesia's Largest Taxi Operator: Blue Bird Group

    The company profile of the Blue Bird Group has been updated in the Indonesian Companies' section. The Blue Bird Group is Indonesia's largest taxi operator with a current fleet size of about 26,000 taxis. The company is planning to conduct its initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in the fourth quarter of 2013, through which it aims to raise over USD $600 million. It has been reported that Credit Suisse, Rothschild and UBS will act as underwriters. Funds will be used for expansion and rejuvenation of its taxi fleet.

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  • Indonesia Turns into Bullish Market as Quantitative Easing Continues

    The Federal Reserve's decision not to change its quantitative easing program seems to have led to a bullish market in Asia. Indonesia's benchmark stock index (IHSG) rose 4.37 percent to 4,658.2 points after the first session on Thursday's trading day (19/09). All sectoral indices were up, with the property sector in leading position. Big cap stocks, in particular, performed well. Investors are relieved that the Fed did not alter its stimulus program. Thus, funds are expected to continue flowing to emerging markets, including Indonesia.

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  • Federal Reserve Continues Quantitative Easing at US $85 Billion a Month

    Despite widespread speculation that the Federal Reserve would tone down its quantitative easing program (QE3) by approximately USD $10 to $20 billion after the FOMC meeting on Wednesday (18/09), the central bank of the USA decided to continue its monthly USD $85 billion bond-buying program as it downgraded its outlook for US economic growth to between 2.0 and 2.3 percent. Chairman Bernanke said that the economic context of the USA is still far from conducive to alter its strategy.

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