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Home  >>   Daily News  >>Indonesia>>Economyt>>Despite rising trend, Indonesian corporate bond market ‘a dwarf’
NEWS UPDATES Asean Affairs     December 22,  2016  






Despite rising trend, Indonesian corporate bond market ‘a dwarf’


The issuance of Indonesian corporate bonds has increased of late but compared to the total money market the number is small, a ratings agency has said.

Pemeringkat Efek Indonesia (Pefindo) president director Salyadi Saputra said outstanding corporate bonds were around US$21 billion, only 7.42 percent of $283 billion in outstanding bank loans. In Malaysia and Singapore, the ratio stands at 47.5 percent and 78 percent, respectively.

"We are even losing compared to Thailand and the Philippines, who have already reached 14.2 percent and 18.4 percent, respectively. Our local companies still rely heavily on banks," Salyadi said at a press conference at the Indonesian Stock Exchange (IDX) building in Jakarta on Tuesday.

Moreover, he added, 67.9 percent of outstanding corporate bonds were issued by banks and financing firms, meaning that the money obtained from the issuances would be transmitted into loans again.

"From January to November, 79.1 percent of Rp 104.18 trillion ($7.74 billion) in issuances came from banks and financing firms," he said.

Salyadi said in the last 10 years, Indonesian corporate bonds achieved annual growth rates of 11.35 percent. The rate is higher than in Malaysia and Singapore, but is still lower than in the Philippines and Thailand, with 25.89 percent and 12.34 percent per year, respectively.



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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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