Indonesia sailing towards upgrade from S&P Global Ratings
Both its international and domestic bonds have done the best in emerging Asia this year
Singapore
INDONESIA'S status as Asia's last major economy without a full investment grade may be near an end, boosting the appeal of the region just as other emerging markets such as Brazil and Poland suffer downgrades.
State-Owned Enterprises Minister Rini Soemarno said in Jakarta this week that she expects an S&P Global Ratings upgrade in June, after the country's finance minister said on May 11 that the firm's officials were impressed during a visit.
Indonesia's international bonds returned 10.1 per cent this year, while its domestic bonds advanced 10 per cent - both the best in eme…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Bank of Korea chief signals readiness to deal with volatile currency moves
Banks told to anticipate risks from using AI, machine learning
Earthquake jolts southern Japan’s Ehime, Kochi prefectures
Climate impacts set to cut 2050 global GPD by nearly a fifth
G7 foreign ministers meet in Italy amid calls for sanctions on Iran
IMF calls for fiscal restraint in year with most elections ever