#Finance
Government debt reaches Rp8,319.2 trillion by February 2024
The government's debt has reached Rp8,319.2 trillion (US$522.3 billion) by February 29, 2024, an increase from the end of January, which amounted to Rp8,253.09 trillion. This government debt is equivalent to approximately 39.06 percent of the gross domestic product (GDP), continuing the all-time high trend.
HSBC announces ASEAN growth fund to accelerate startup expansion in SE Asia
HSBC has announced the ASEAN Growth Fund, amounting to US$1 billion (IDR 16 trillion), aimed at accelerating the expansion of startups in ASEAN.
IDX issues unusual market activity for PT Adhi Kartiko Pratama shares
The Indonesia Stock Exchange (IDX) has issued an unusual market activity (UMA) announcement regarding PT Adhi Kartiko Pratama (NICE) shares due to an unusual increase in prices.
Inalum fine-tunes Pre-IPO plans
PT Indonesia Asahan Aluminium (Inalum) continues to prepare for its pre-initial public offering (IPO) this year.
Government still owes fertilizer subsidy of nearly Rp1 trillion to Pupuk Indonesia
State-owned fertilizing holding company PT Pupuk Indonesia recorded the government's debt to settle fertilizer subsidies almost complete, with a remaining balance of nearly Rp1 trillion (US$ 63.5 million) for the period of 2020-2021.
Chinese investment giant CICC targets Southeast Asian countries
The China International Capital Corporation (CICC), a massive investment bank, has announced plans to expand its presence in Southeast Asia, targeting Indonesia, Vietnam, Malaysia, and Thailand in its third phase of international expansion.
IKN authority absorbs budget of Rp271 billion in 2023
The Capital City of Nusantara Authority (OIKN) recorded a budget absorption throughout 2023 to support IKN development reaching Rp271.71 billion (US$17.3 million)
PLN explores transition financing scheme in collaboration with Asian banks
State electricity company PT PLN is exploring opportunities for a new financing scheme, coined the term transition financing, to accelerate investments in gas power plants and fossil fuel efficiency.
Grant Thornton releases report on Indonesia's economic prospects in 2024
Grant Thornton Indonesia has published a report titled "Unraveling Indonesia’s Prospects in 2024", a move aimed at assisting foreign investors in better understanding Indonesia's investment climate in 2024.
BI provides IDR 268 trillion liquidity incentive to boost banking sector
The Indonesian Central Bank (BI) is offering a liquidity incentive of IDR 268 trillion (US$17.2 billion) to the banking sector aimed at expanding loan disbursement and promoting BI's macroprudential liquidity incentive policy.
Authority forecasts independent financing for IKN development over the next decade
The Nusantara Capital Authority has predicted that the development of the Nusantara ndonesia Capital City (IKN) over the next 10 years will not require financing from the State Budget (APBN).
Indonesian PMI for February 2024 down from previous month
The Purchasing Managers' Index (PMI) for Indonesian manufacturing in February still reflects an expansive manufacturing sector although the country booked a score of 52.7, a slight decrease from January's 52.9. According to the S&P Global index, manufacturing production showed an upward trend in February, with growth rates remaining solid despite a decline compared to January.