More than 40 companies have lined up to raise about 30 trillion Rp (2.2 billion USD) in fresh capital through initial public offerings (IPO) and bond and rights issuances through the Indonesia Stock Exchange (IDX) within the next few months, according to the Financial Services Authority (OJK).
Jakarta (VNA) - More than 40 companies have lined up to raise about 30trillion Rp (2.2 billion USD) in fresh capital through initial public offerings(IPO) and bond and rights issuances through the Indonesia Stock Exchange (IDX)within the next few months, according to the Financial Services Authority(OJK).
This is anindicator of a golden moment in the economy as the whole election process andits legal procedures have been completed with the Constitutional Court’sconfirmation of incumbent Joko Widodo as the president-elect, who will starthis second term in October.
The financialmarkets are usually the first to react to any new developments in political andmacroeconomic stability and policy predictability.
The toppriority programmes of the Widodo administration are familiar to the businesscommunity: physical infrastructure, institutional capacity building to developa clean, efficient and competent system of governance and business licensing,as well as a better-targeted vocational training system.
Widodo’s campaignpromises suggest that these working programmes and inclusive growth enhancementwill even be stepped up.
The WorldBank’s latest economic quarterly report revises down Indonesia’s growth to 5.1percent forecast for this year because of negative external factors.
Given thesubdued market conditions for export, private and government consumption andinvestment will continue to be the main drivers of growth.
This requires, inaddition to massive reforms, prudent fiscal and monetary management to maintaina fairly stable exchange rate and low inflation to enable the Indonesian centralbank to ease its benchmark policy rate and introduce additional accommodativemeasures to stimulate domestic demand.-VNA
The International Monetary Fund (IMF) has forecasted Indonesia’s economic growth will reach 5.1 percent in 2017, mostly driven by domestic expenditure and private investment.
The National Assembly of Vietnam always supports the country’s friendship and strategic partnership with Indonesia – one important partner of Vietnam in ASEAN and the region, said NA Chairwoman Nguyen Thi Kim Ngan.
A sailing ship of the Vietnam People’s Navy docked at Tanjung Priok port in Jakarta on May 1, beginning a four-day visit to Indonesia that lasts until May 4.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Illustrative image (Source: Nikkei Asian Review)
