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JAKARTA: PT Waskita Karya, Indonesia’s top state-owned construction firm, is set to sell its shares in two toll roads this year to state-owned infrastructure financier PT Sarana Multi Infrastruktur (SMI) to raise capital and pay off debt.
JAKARTA: Indonesia offered higher yields to sell the most bonds in two months as the government continues to raise funds for stimulus to counter the impact of the pandemic.
JAKARTA: Indonesia’s central bank says the rupiah is “very undervalued” following a two-month slide. Investment banks and money managers are predicting further losses.
JAKARTA: Indonesia's central bank considers the rupiah exchange rate to be "stable" despite recent depreciation triggered by rising U.S. Treasury yields, Governor Perry Warjiyo said on Friday.
SINGAPORE: As Brazil, Russia and Turkey lift interest rates to ward off inflation and currency pressures, investors are beginning to prod Asia's central banks to follow suit, setting up a potential showdown with countries keeping rates at record lows.
JAKARTA: The World Bank has maintained its forecast for Indonesia’s gross domestic product (GDP) growth for this year as the country lags behind some Asian economies in containing Covid-19 and in trading manufactured goods.
Bank Indonesia (BI)'s formal economic outlook for 2021 is within a range of 4.3% to 5.3%, compared with a contraction of 2.1% in 2020, which was Indonesia's first negative growth in more than 20 years.
Yield on the 10-year US Treasury note was around 1.70%, the highest level they have been since January last year, and was set to record eight straight weeks of gains.
JAKARTA: Indonesia's central bank kept its main policy rates steady on Thursday, holding fire after a bout of monetary support during the COVID-19 pandemic, and as the rupiah has come under pressure due to capital outflows.