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Project sukuk plan sees fivefold rise in Indonesian development programme

Published Thu, Dec 18, 2014 · 09:50 PM

Jakarta

INDONESIA is ramping up financing for new President Joko Widodo's US$439 billion development programme, planning an almost fivefold increase in sales of project sukuk.

The government is seeking to raise 7.14 trillion rupiah (S$732 million) from notes that will fund p…

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