Bolsafinanzas.com

Indonesia's credit rating raised to investment grade by S&P


JAKARTA (Reuters) - Rating agency Standard & Poor's (S&P) upgraded Indonesia's sovereign ratings to investment grade on Friday, a long-awaited move that sent Jakarta shares soaring on hopes it could spur a wave of investment into Southeast Asia's biggest economy.

This is the first time since December 1997 and the Asian financial crisis that Indonesia's bonds have been rated investment grade by all three major rating agencies including Moody Investors Service and Fitch Ratings.

Stocks surged 2.59 percent after the announcement.

Roger Ailes, former Fox News chief, dies at 77
Former House Speaker Newt Gingrich is adding his voice to those mourning Fox News Channel founder Roger Ailes . Our thoughts and prayers now turn to him, his Wife Beth, his son Zachary , his brother and his family.

The upgrade may boost the appeal of Indonesian assets among conservative Japanese institutional investors and help attract as much as US$5 billion (S$7 billion) in funds, Goldman Sachs Group said in March.

Government coffers were also bolstered by a successful tax amnesty.

Rising exports amid increasing global oil prices have built up the central bank foreign exchange reserve to the highest level in five years of 123 billion US dollars. Momentum in the economy has picked up this year as exports rebounded, with the International Monetary Fund forecasting growth of 5.1 per cent in 2017.

"Paolo Guerrero puede jugar los dos partidos" — Ricardo Gareca
Entre los rostros nuevos destacan Alexi Gómez (Universitario), Alexander Succar ( San Martín ) y José Manzaneda (Cantolao). Después de semanas de especulaciones, el posible regreso de Jefferson Farfán a la Selección peruana quedó desvirtuado.

The agency said "Indonesia's increased focus on realistic budgeting has reduced likelihood that shortfall in future revenue would widen general government deficit significantly". President Joko Widodo's government cut public spending last year to meet a legal fiscal deficit cap of 3 per cent of gross domestic product and built up foreign exchange reserves to a more than five-year high of US$123 billion. Net government debt will likely be contained well below 30 percent of GDP, it said.

Indonesia is trying to lure investors for a $450 billion infrastructure drive to revive economic growth. The central bank will seek to maintain stability "to support the continuation of structural reforms taken by the government and the development of a sustainable and inclusive economic growth", Governor Agus Martowardojo said in a statement.

"More upgrades are possible, with Fitch and Moody's potentially moving Indonesia up the scale further into investment grade", Wellian Wiranto, an economist at Oversea-Chinese Banking Corp.in Singapore, wrote in a note. While Indonesia has shown "effective policy making" in recent years, it still trails its peers on perceptions of governance and corruption, it said. Tough reforms got Indonesia to this point.

Antonio Conte targets win record after league win
Chelsea could win the double too with an FA Cup final against Arsenal at Wembley to come. "Really, I can't, and I don't want to". John Terry celebrating his first goal of the season. "(And) the FA Cup final will be brilliant but only if we go and win it".

Artículos relacionados

  • Phone camera says what it sees (and lets Google know too)

    This time around, instead of focusing on the phones themselves, Google is sticking to what it knows best-software. Android Pay is available in 10 markets, and will soon add Brazil, Canada, Russia, Spain and Taiwan, says Google .
    Colorado towns hit with 3 feet of snow. Happy May

    Colorado towns hit with 3 feet of snow. Happy May

    The winter storm warning is in effect until 3 p.m. on Friday for Denver and the urban corridor and 6 p.m. for the high country. Around 14 to 16 inches of snow has fallen in southeastern Wyoming from near Cheyenne to west of Laramie since Wednesday night.
    With smoky eyes, thigh-high slit, Deepika styles up at Cannes

    With smoky eyes, thigh-high slit, Deepika styles up at Cannes

    She didn't seem too upset by the fashion faux-pas, and was later seen partying the night away with her fellow models. However, although Hadid managed, miraculously, to avoid a mishap last year, she was not so lucky this year.
  • Singapore naval drill in South China Sea shouldn't hurt us: China

    Singapore naval drill in South China Sea shouldn't hurt us: China

    Hua also called on Japan to turn its commitment to improving relations with China into concrete policies and actions. China has piled sand upon reefs to build seven islands in disputed parts of the Spratly archipelago.

    Renunció el embajador de Colombia en EEUU, Juan Carlos Pinzón

    Desde Estados Unidos , Santos aseguró que el trabajo de Pinzón fue excepcional y dijo que hasta la otra semana estará en ese cargo.
    North Korea links nuclear advances to hostile US policy

    North Korea links nuclear advances to hostile US policy

    Observers looks for signs in Chinese state media that Beijing might finally cut Pyongyang off financially and politically. US President Donald Trump has recently made remarks to this end which have caused confusion in South Korea.
  • Tillerson: Trump weighs impact of embassy move on Middle East peace

    At this stage, he will work out of the US Embassy in Tel Aviv and will live in the ambassador's residence in Herzliya. It later annexed East Jerusalem , and in 1980, Israel unilaterally declared "reunited" Jerusalem as its capital.

    Two Mayo senators support Leo Varadkar in FG leadership battle

    In 2002, party leader Michael Noonan led Fine Gael to its then worst performance, losing 23 seats. Rank-and-file members are allocated 25 percent and councilors 10 percent.

    Here's What One Endangered Republican Said About Trump

    On their own, the words " I hope you can let this go " are likely not enough to trigger a criminal charge for obstructing justice. Charles Grassley welcomed Trump's firing of Comey, and told critics to 'Suck it up and move on, ' in an appearance on Fox News.
  • One-time Newcastle United coach charged with 29 sex offences

    One-time Newcastle United coach charged with 29 sex offences

    Anyone with any concerns or has suffered abuse is asked to contact the Operation Tide team on 101 or contacting the NSPCC helpline on 0800 023 2642.
    Officials Weigh In on Embassy Clash with President Erdogan's Bodyguards

    Officials Weigh In on Embassy Clash with President Erdogan's Bodyguards

    According to the video , one of Erdogan's bodyguard speaks with him while protesters chant slogans saying, "baby killer Erdogan". The altercation came the same day that Erdogan met with President Donald Trump at the White House.
    Unified Chelsea deserved title triumph: Manager Antonio Conte

    Unified Chelsea deserved title triumph: Manager Antonio Conte

    Even in a moment of celebration and fun, Conte instantly got focused when talking about the mechanics of the sport. And now they'll be able to focus exclusively on beating Arsenal to win the FA Cup at the end of the month.

Comentarios