Sign up | Log in



Home  >>   Daily News  >>   Indonesia News  >>   Economy  >>   Indonesia fundamentals remain strong
NEWS UPDATES Asean Affairs                    29  September 2011

Indonesia fundamentals remain strong

Related Stories

September 9, 2011
 Indonesian central bank maintains rates

September 8, 2011
 Indonesia drops on competitiveness scale

September 1, 2011
 Indonesia looks at economic scenarios

August 27, 2011
 Indo central bank holds on rate increase

August 6, 2011
 Indonesia consumer surveys are mixed


The fundamentals of Indonesia’s economy remain strong even as the nation’s financial markets were buffeted in recent weeks by concerns over the global financial crisis, a top finance ministry official said on Wednesday.

“Current volatility is caused by market sentiment, affecting all countries, including Indonesia,” said Rahmat Waluyanto, director general of the Debt Management Office, which is part of the Finance Ministry.

Indonesian financial markets were among the world’s best performers in the past two years, attracting massive amounts of foreign capital.

Rahmat said Indonesia has raised Rp 4 trillion (US$452 million) by selling government bonds on Tuesday, including investors who submitted bids worth Rp 10 trillion for the bonds on offer.

“There is investor confidence in our market, and there is also liquidity,’’ Rahmat said.

Of the Rp 4 trillion raised on Tuesday, the government sold Rp 1 trillion worth of five-year bonds due in 2016 at a yield of 6.472 percent. It also sold Rp 1.5 trillion worth of 15-year bonds due in 2026 to yield at 7.569 percent, according to data from the government.

Analyst and foreign exchange traders said that concerns over the global crisis have prompted many offshore investors to pull out of Indonesia.

Data from the Indonesian stock market showed that foreigners were unloading about $550 million in shares, and they reduced their holdings of rupiah-denominated bonds by nearly $3 billion.

Foreign ownership of government bonds fell 11 percent to Rp 222.8 trillion on Monday from Rp 251.23 trillion on Sept. 9. That translated into a Rp 28.4 trillion capital outflow from the country in two-and-a-half weeks.

Rahmat said that he has met with officials from rating agencies such Moody’s Investors Service, Standard & Poor’s and Fitch Ratings during his visit to Washington. “All of them” were positive about Indonesia, Rahmat maintained.



Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    29  September  2011 Subsribe Now !
• Indonesia fundamentals remain strong Subcribe: Asean Affairs Global Magazine
• Indonesian oil production takes a hit Asean Affairs Premium
• Indonesia limits maids to four countries
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Japanese companies expand in Philippines
• Shell contains Singapore fire
• Critical flood situation in Thailand
• Indonesia may reject Thai rice scam
• Vietnam seeks Dutch climate change help pp

Asean Analysis              29  September  2011

Advertise Your Brand
• Rice breeding profits Asean farmers Sponsor Our Events

Asean Stock Watch   29  September  2011

• Asean Stock Watch-September 29 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


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


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2021 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand