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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
China says Hamas and Fatah express will for reconciliation
US consumer confidence at lowest level since 2022
Record gold prices boost recycling: WGC
Malaysian fast food operator QSR shelves IPO plans amid boycott campaign: sources
WHO warns of bird flu risk spreading to cows outside US
Sri Lanka’s key inflation rate rises to 1.5% in April