#Finance
Indonesia Stock Exchange (IDX) sees 42 companies IPO raising IDR 32.7 billion
A total of 42 companies are planning to get on the IPO list on the Indonesia Stock Exchange (IDX) with a total fund of IDR 32.7 trillion (US$ 2.2 billion) as of 2023.
Indonesia's investment realization of IDR 328.9 trillion gives boost to economic growth and creating jobs
The Investment Coordinating Board (BKPM) noted that investment realization in Q1 of 2023 increased by 16.5% compared to the same period in 2022. Currently, the total investment made has reached IDR 328.9 trillion (US$ 22.4 billion) and created jobs for 384,892 workers.
PT Wijaya Karya (Persero) Tbk reported loss in Q1 2023 despite net income growth
One of the largest state-owned construction companies, PT Wijaya Karya (Persero) Tbk (WIKA) recorded a IDR 526.52 billion loss in Q1 2023. Ironically, the company also booked a net income of IDR 4.34 trillion. The company claimed that its losses was caused by the increasing burden of income.
Erick Thohir promises IDR 80.2 trillion dividend for the state, largest in Indonesian history
Erick Thohir, Minister of State-owned Enterprises (SOEs), is ready to pay SOE dividends to the state. The amount according to Thohir, reaches up to IDR 80.2 trillion (US$ 5.5 billion), which is the largest in Indonesian history. Meanwhile, the consolidated net profit of SOEs is predicted to reach IDR 303.7 trillion. However, there is no exact date as to when the dividends will be disbursed.
Yuan becomes the most-used currency for cross-border transactions, leaving US Dollar behind
The Chinese currency, the Yuan, has finally succeeded in dethroning the US dollar as the most widely used currency for cross-border transactions in March 2023. This success reflects the efforts by Beijing to internationalize the use of the Yuan.
GoTo cancels convertible bonds issuance plan amid investor concerns
GoTo, one of Indonesia's largest listed tech majors, cancelled its plan to use funds from convertible bond issuance worth US$ 500 million. As reported by Bloomberg, GoTo has concerns regarding the debt sale which could send a conflicting message to investors.
Bitcoin might reach US$ 100,000 in 2024, said Standard Chartered analyst
According to Standard Chartered, the so-called crypto winter is over. As a result, one of the top cryptocurrency, Bitcoin, could reach a whopping value of US$ 100,000 by the end of 2024.
Indonesia's debt reached IDR 7,9 trillion in March 2023, still safe compared to other countries
As of March 2023, the Indonesian government debt had reached IDR 7,879.07 trillion (US$ 475,640.2 million). Compared to February 2023, the number increased by IDR 17.38 trillion from the previous IDR 7,861.69 trillion. However, it is still considered safe compared to other countries' debt.
UOB and Lazada collaborates in enhancing the digital ecosystem in Southeast Asia
One of the leading banks in ASEAN, UOB, and one of the biggest ecommerce platform, Lazada Group, have entered into an agreement based on a Memorandum of Understanding (MoU) to collaborate in retail, and banking solutions to develop a digital ecosystem in the Southeast Asian region through enhanced payments, and financial services.
Eid Al-Fitr generates trillions in circulation, boosting national economic growth in Indonesia, but fake money still looms
Eid Al-Fitr holidays have the potential to increase the circulation of money, which predicted to reach tens of trillions, and may well drive national economic growth. However, the threat of counterfeit bills still continues to exist.
Bank Indonesia reports an increase in digital banking transactions of about 9.88%
Bank Indonesia (BI) revealed that there was a 9.88% increase in digital banking transactions for the March 2023 period compared to the same period last year (YoY) to IDR 4,944.1 trillion.
Sri Mulyani: PMI, IKK index shows potential in Indonesia's economy
Indonesian Minister of Finance Sri Mulyani Indrawati, said that the Indonesia's economy condition is showing good prospects. Indrawati's statement was supported by the level of Purchasing Managers Index (PMI) in Indonesia's manufacturing sector and the qualified Consumer Confidence Index (IKK).