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Indonesia

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Asian G3 bond market set to soar, says Morgan Stanley

31 Aug 2010 Bonds
The US bank believes that issuance will greatly expand on the back of rising capital needs and a need to term out balance sheet leverage, and that this will be supported by rising demand for regional debt among international asset managers.
Key figures set to debate carbon trading in Asia

25 Aug 2010 Interviews, Commodities, Energy
Singapore is set to host Carbon Forum Asia in October, ahead of global United Nations talks in Mexico. Asiamoney.com asks Henry Derwent, president and CEO of the International Emissions Trading Association, what the expectations are for these events.
World set to see new commodities boom: StanChart

25 Aug 2010 Interviews, Commodities
The UK bank's head of equity research for resources Jeremy Gray believes that the lack of investment into mines across the world will lead to a major boom for copper, iron ore and coking coal prices in the coming years.
Bank of Singapore adds Indonesia team

11 Aug 2010 Market move, Private banking
The private bank has hired industry veteran Larry Leong and a team of five from DBS Private Bank for its Indonesia team, which now boasts 30 bankers. It comes at the latest in a string of hires by the firm, and more are expected.
HSBC recommends shorter-dated Indonesian debt

09 Aug 2010 Bonds
The outlook for Indonesian government bonds remains healthy but investors should consider switching to shorter-dated notes that are less vulnerable to global risk sentiment and inflation pressures, according to HSBC.
Citi hires first equities staff for Indonesia

04 Aug 2010 Broking, Market move
The US bank has appointed Hasan Ukim as head of equities sales and Santy Tandiana as a salesperson for its equity broking operations in Indonesia. The appointments follow Citi receiving a licence to operate in the country last month.
Indosat satisfied with record-breaking demand for debt

03 Aug 2010 Corporate profiles, Interviews, Bonds
The Indonesian telecommunication company was amazed by the US$10.5 billion in investor orders it received for its 10-year US dollar bond at the end of last month, but says that it would not have attempted to tighten the deal's pricing.
Dollar bond issuance hits record high in July

28 Jul 2010 Bonds
Pent-up demand amid the second quarter has led to sky-high levels of US dollar bond issuance this month. Debt experts believe more deals will occur into early August, before a brief two-week lull.
M&A activity offers ray of hope for Asia’s markets

26 Jul 2010 M&A, Stock & exchange, Bonds
There was a dispiriting slump in Asia ex-Japan’s equity and debt markets last week, with follow-on equity offerings almost half of the previous week’s. Nevertheless, regional M&A dealmaking has rallied 20% so far in 2010 year-on-year.
Private equity fund aspirations in Asia face obstacles

19 Jul 2010 Private equity
The global financial crisis prompted private equity firms to target Asia’s growing economies for investment. But cultural challenges mean that opportunities are slim, while talented professionals are few and far between. Private equity funds must demonstrate exactly what value they provide to succeed.
Olympus Capital aims at Indonesia with Tata investment

05 Jul 2010 Private equity, Interviews
Asia-focused private equity firm Olympus Capital recently announced it was investing US$300 million in Tata Power. Olympus founder Daniel Mintz tells asiamoney.com the move is a bid to tap Indonesia’s growing coal industry.
Renminbi revaluation will boost south-east Asia stocks

22 Jun 2010 Stock & exchange, Commodities
Commodities firms, some real estate companies and banks in south-east Asia should benefit from the rise in the renminbi’s value, says Citi.
New geothermal tech offers Asia opportunities

19 Jun 2010 Energy
An alternative to conventional geothermal energy is gaining traction and the Philippines could be one of the first Asian countries to benefit, according to Hot Dry Rocks, a specialist consultancy.
Asian equities are oversold, says US fund manager

17 Jun 2010 Stock & exchange
Russell Investments, a US-based fund manager, says that the downturn of Asian equity markets over concerns about the European sovereign debt crisis and US economic recovery are overdone and marks a buying opportunity.
Asia financial services M&A set to soar, says PwC

17 Jun 2010 M&A
A new report from PricewaterhouseCoopers predicts that mergers and acquisitions activity in Asia’s financial services industry will rise as international companies are lured by the region’s growth and regional players seek to expand.
Junk bond defaults to drop in Asia, says Moody’s

14 Jun 2010 Bonds
The international ratings agency predicts that default rates for non-financial corporate bonds in Asia-Pacific will fall sharply this year as credit market and economic conditions continue to improve.
Best domestic bank awards: Indonesia

01 Jun 2010 Stock & exchange, Bonds, Broking, Polls & awards
ASIAMONEY is please to announce the best domestic bank award winners for Indonesia. Bank Mandiri's fine performance is a fitting legacy for departed head Agus Martowardojo, while Danareksa Sekuritas maintains a strong equities trading presence and Bahana Securities impresses with its debt capabilities.
Indonesia's private equity potential faces challenges

31 May 2010 M&A, Private equity
The country has become the new darling for private equity funds eager to tap into its abundant natural resources and growing middle class. But with good investments thin on the ground, the cost of assets is spiralling.
A week in Asia's business news

27 May 2010 Market wrap
China’s president tells the US he favours gradual renminbi currency reform, Prudential’s bid for AIA falls under criticism, Indian billionaire brothers Mukesh and Anil Ambani sign a peace deal, and Singapore sovereign wealth fund Temasek appoints Hsieh Fu Hua as its new president.
Investors flee to CDSs amid volatility

25 May 2010 Bonds
As volatility increases, Asian investors are increasingly turning to single name and index credit default swaps (CDSs) to hedge their risk. With no certainty in sight, one observer believes that the region’s credit markets are likely to trade in a narrow range over the coming week.
Emerging Asia stocks to drop 15%: Credit Suisse

24 May 2010 Stock & exchange
Analysts at the Swiss bank believe stocks in emerging Asia still have to drop a further 15% before investors resume buying again. May is also lining up to become the region’s second biggest month for net foreign selling on record.
Indonesia faces need to build a broader investor base

17 May 2010 Stock & exchange, Private equity, Interviews, Nations & economies, Broking, Asset management
Indonesia’s economy is growing strongly, while its equity capital market has enjoyed six-fold returns over the past eight years. But the country’s stock market remains tiny compared to regional neighbours, while issues of corruption continue to dominate the minds of many would-be foreign direct investors. ASIAMONEY speaks with a set of country experts to discuss how the country can best attract more investor interest and bolster the size and liquidity of its capital markets.
FTSE and Renaissance launch Asian IPO indices

13 May 2010 Stock & exchange, Asset management
The index company has teamed up with Renaissance Capital to launch two indices that focus on IPO performance in Asia. The creators believe they will lead to new exchange-traded funds, structured products and be used as benchmarks by funds.
Indonesia aims to boost infrastructure investments

10 May 2010 Nations & economies, Project finance
Vast demand for infrastructure projects and increasing government backing means the country could become increasingly appealing for infrastructure investors.
EU loan package to offer Asia markets brief reprieve

10 May 2010 Stock & exchange, Nations & economies, Foreign exchange
Analysts believe that the financial stability package hashed out by European ministers at the weekend will stabilise Asia’s markets and currencies this week, but remain concerned about the longer-term outlook.
Indonesian official underlines country’s investor appeal

06 May 2010 Stock & exchange, Private equity, Nations & economies
In a phone interview, Gita Wirjawan, chairman of Indonesia’s Investment Coordinating Board, talks about the rosy prospects of investing in the country and also government priorities when it comes to reform.
Resources firms increasingly eye Chinese capital

04 May 2010 Stock & exchange, Commodities
Commodities companies with assets in Indonesia and elsewhere might increasingly be looking to list in Hong Kong. The draw is Chinese money and it is much easier to attract interest if you are listed nearby, observers say.
Indonesia will push privatisation, says SOE minister

28 Apr 2010 Stock & exchange, Nations & economies
The country’s deputy minister for financial institutions Parikesit Suprapto says the government wants to accelerate the privatisation of state-owned enterprises amid unprecedented political and financial stability.
Strategist underlines Indonesia’s transformation

22 Apr 2010 Stock & exchange, Nations & economies
Political and economic developments in Indonesia have seen it likened to fast-growing Brazil. Asia investment strategist Brad Jones of Deutsche is especially bullish and sees drops in the equity market as a buying opportunity.
Islamic bank awards 2010: Indonesia

20 Apr 2010 Islamic finance, Polls & awards
Until the Islamic finance industry gains traction on the consumer and the capital markets side, it’s all about positioning. CIMB Niaga Syariah is set up for growth and so is Indonesia's best Islamic bank, writes Chris Wright.
Appeal of ‘green’ buildings growing in Asia: report

19 Apr 2010 Commodities, Energy
The construction of environmentally friendly commercial buildings and the retrofitting of existing towers is gaining interest in Asia, finds a report by the World Resources Institute and HSBC. The practice is being promoted as a money-saver.
A week in Asia’s business news

01 Apr 2010 Market wrap
Two Australian resources consolidation attempts fail, and a major Chinese pension fund looks to invest internationally. Japan sees its largest IPO in years as a life insurance company lists and South Korea is poised to see a similarly gigantic issue from the same sector.
ABN Amro sees revolution for Asia corporate bonds

31 Mar 2010 Bonds, Asset management, Private banking
Didier Duret, CIO for ABN Amro’s private banking arm, says the corporate bond market in Asia is getting deeper and represents good value. He also urges investors to take note of the ascent of a new middle class in fast developing countries.
Splash sends ripples with Malaysia M&A offer

30 Mar 2010 M&A, Stock & exchange, Bonds
The Malaysian company’s purchase of water concessions in its home nation anchored M&A transactions last week. However, equity and debt deal volumes declined compared to the week before. Asiamoney.com rounds up the week’s capital markets.
Foreigners raise volatility when buying local bonds

25 Mar 2010 Bonds
International investors have been buying Asian bonds to take advantage of appealing returns, but the small nature of these markets means that liquidity risks are rising as a result, says the Asian Development Bank.
Experts disagree over junk bond refinancing challenges

24 Mar 2010 Bonds
Moody’s believes that Asian non-investment grade companies may struggle to refinance debt in 2011 and 2012. A senior debt banker disagrees, arguing that conditions may remain benign.
Business news: the past week in Asia

19 Mar 2010 Market wrap
Anti-government riots spill over in Bangkok, Australia’s senate approves laws to strip the ASX of its regulatory function, and Premier Wen Jiabao denies the renminbi is undervalued. Also, S&P lifts ratings on Indonesia and India, and Hutchison Telecom closes in on privatisation.
Deutsche names key banking heads in Indonesia

18 Mar 2010 Cash management, Project finance, Market move
The German firm promotes Michael Sugirin to head of trade finance and cash management corporates, and hires Runi Irnandari from Citi as head of multinational corporates coverage and account management services.
Asia’s distressed assets worth up to US$50 billion

11 Feb 2010 Bonds, Loans, Asset management
Income Partners and Deutsche Bank estimate that there are US$40 billion to US$50 billion of potentially distressed assets in Asia and Australia, with many companies avoiding default only because of the low interest rate environment.
Selloff in global credits offers Asia opportunities

09 Feb 2010 Bonds
The recent sell-off in Asian credits offers investors an opportunity to buy into select defensive names at appealing yields. Analysts at Nomura highlight four bonds sold last week as particular examples.
Little upside left in Indian rupee, says HSBC

29 Jan 2010 Nations & economies, Foreign exchange
The bank notes that the rupee is now the fourth most expensive Asian currency against the US dollar. HSBC is tipping the Korean won, the New Taiwan dollar and Indonesia’s rupiah to appreciate more strongly.
Country deals of the year: Indonesia

28 Jan 2010 Bonds, Islamic finance, Polls & awards
The Republic of Indonesia's US$650 million Islamic bond last April was a brave move and effectively reopened the international mafket for subsequent Islamic issuers. It earns our award as best Indonesia deal of the past year.
Opinion: how Indonesia can reach its ratings goal

28 Jan 2010 Nations & economies, Editorial, Bonds
The country has set itself the task of returning to investment grade status in three years. But it needs to answer people’s concerns about transparency first if it is to overcome the many obstacles in its path.
Stability stands Indonesia in good stead

21 Jan 2010 Bonds
Healthy economic growth and improvements in policy framework prompted ratings agency Moody’s to maintain a stable outlook on Indonesia. The news will be viewed favourably by debt investors and bodes well for the nation.

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