World News by Wild Rose

Singapore expects all parties who have signed commercial contracts for gas supplies to “honour their commitments”, said Prime Minister Lawrence Wong on Sunday after Indonesia cut its exports. Speaking at the People’s Action Party (PAP) convention, Wong added that Singapore’s gas importer will take the necessary steps to protect its rights and interests. Indonesia began reducing natural gas exports to Singapore on Saturday. Indonesia’s upstream oil and gas regulator SKK Migas said the move was to...

Indonesia is reducing natural gas exports to neighboring Singapore as President Prabowo Subianto seeks to shore up domestic supply and strengthen energy security for Southeast Asia’s largest economy.

South Korea has transformed from this year’s hottest major market into the world’s cheapest following a brutal tech selloff, with valuations falling to roughly half of Indonesia’s.

Fallout from MSCI Inc.’s warning that it may remove Indonesia from its global equity indexes is spilling into corporate credit, causing risk premia on dollar bonds of local companies to widen to a six-year high over Asian peers.

Bloomberg reporters answer your questions about the challenges Southeast Asia's biggest economy faces on Oct. 23 at 11 a.m. HKT

Indonesia is seeking to raise 10 billion yuan ($1.5 billion) through a panda bond sale, returning to China’s onshore debt market as Southeast Asia’s largest economy confronts MSCI Inc.’s double downgrade threat.

Indonesian shares declined, ending a two-day rebound in a sign of fresh worries about MSCI Inc.’s warning to downgrade the Southeast Asian country.

As MSCI Inc. officials joined a call on Tuesday afternoon Jakarta time, many of the more than 100 participants were investors still reeling from the index provider’s sudden warning of a potential double downgrade for Indonesia. They questioned the need for such a drastic step and wanted to know whether the country stood a chance of retaining its emerging-market status.

Singapore’s state investor Temasek has denied involvement in Indonesia’s looming MSCI reclassification, following accusations that the city state’s sovereign wealth funds were pulling strings behind the scenes for their own gain. On Wednesday, Fock Wai Hoong, head of Asia-Pacific at Temasek Global Investments, said the claims had “no basis” and were “patently untrue”. Former Indonesian trade minister Muhammad Lutfi on Monday claimed that Singapore’s sovereign wealth funds, Temasek and GIC, were...

Indonesian banks and telecommunication stocks may face further losses, as the nation’s best-run companies struggle to stay immune from any broad selloff on the risk of a downgrade by MSCI Inc., according to Allspring Global Investments.

Indonesian miner PT Merdeka Gold Resources plans to raise about $559 million through a share sale, embarking on a major capital increase at a chaotic time for local markets.

As the threat of a reclassification by MSCI that could relegate Indonesia to an investment hinterland looms, the country’s financial regulators and stock exchange officials have vowed to address systemic concerns, including removing stocks with concentrated ownership. The global index provider announced on Friday it was launching a formal consultation to decide whether to downgrade Southeast Asia’s largest economy from “emerging market” to “stand-alone” status, similar to countries such as...

At a meeting on Sunday afternoon involving officials from Indonesia’s Financial Services Authority and the country’s stock exchange, some attendees were surprised to see several prominent Instagrammers present.

Top executives at several Chinese nickel producers plan to meet as early as Tuesday to discuss coordinated output cuts at their battery material plants in Indonesia, according to people familiar with the matter.

Indonesian stocks rebounded from their worst rout in nearly four decades after authorities unveiled fresh measures aimed at averting a potential two-step downgrade by MSCI Inc.

The Indonesia Stock Exchange’s plan to remove shares with highly concentrated ownership from its benchmark is a step in the right direction as regulators work to avoid a double market downgrade by MSCI Inc., analysts said.

Indonesian markets extended their selloff, with stocks deepening their worst rout in almost 30 years and losses spreading to bonds and the rupiah after MSCI warned the country may face a two-step downgrade. Bloomberg's Anthony Stephens has more. (Source: Bloomberg)

Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)

Indonesian officials plan to meet with MSCI Inc. executives on Monday, according to people familiar with the matter, after saying they were blindsided by the index provider’s threat to reclassify the country as a standalone market — a much more severe step than they thought was under discussion during months of talks.

MSCI has opened a consultation to reclassify Indonesia from Emerging Market to Standalone Market status, with a final decision due by June 30, 2027. The post Indonesia Could Lose Emerging Market Status appeared first on The Rio Times.

Indonesia has spent months trying to persuade investors that its economy is on the right course. A weakening rupiah, mounting budgetary pressures and a series of contentious policy decisions have made that task harder. Doubts about the management of Southeast Asia’s largest economy have now coalesced around its central bank, whose independence has come under intense scrutiny recently as President Prabowo Subianto seeks to steer economic policy. The appointment of Destry Damayanti – initially as...

Indonesia has spent decades establishing itself as one of the world’s most important emerging markets. Now the country — Southeast Asia’s largest economy, with a gross domestic product of about $1.5 trillion — risks losing that standing, potentially jeopardizing billions of dollars in foreign investment.

“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)

Indonesian officials, looking to alleviate poverty in their country and eyeing the rise of rural economies in China, are turning to Beijing for help that may include stoking the exports of a potentially lucrative durian crop. Indonesian Transmigration Minister Muhammad Iftitah Sulaiman Suryanagara began a seven-day visit to China on Monday, with Indonesia’s state-owned Antara news agency saying consultations with Beijing’s Ministry of Agriculture and Rural Affairs, companies and academic...

Indonesia removed the CEO of state-owned electricity giant Perusahaan Listrik Negara after a 16-hour blackout in the data center and tourism hub of Batam.

Indonesia's resort island of Bali faced long queues at petrol stations on Wednesday, 14 October, as disrupted fuel deliveries left motorists waiting for hours.

Motorists have been left queuing for hours at petrol stations across Indonesia’s resort island of Bali in recent days amid reports of a crippling fuel shortage. Long queues have been spotted all around the island, including in the capital Denpasar, Badung and Tabana, according to the Bali Post. On Tuesday, Bali Governor I Wayan Koster stressed that there was enough fuel to go around, suggesting that panic buying might have caused the shortages at the pumps. “People need to be patient because the...

Chinese investors could face significant disruption if Indonesia imposes a moratorium on new nickel smelters to curb global overproduction and protect local industries across its vast minerals sector, analysts said. Indonesia was weighing a halt to the construction of smelters that produce semi-finished nickel products amid a global supply glut that had driven down commodity prices, state news agency Antara reported, citing energy and mineral resources minister Bahlil Lahadalia. Semi-finished...