Tag: indonesia

Singapore has opened a stablecoin consultation, while a rupiah-SGD framework will help cross-border trade.

As the Indonesian firm, which owns one of the largest gold mines in Apac, seeks to deepen its engagement with global capital markets, cornerstone investors have committed to invest $152m, representing 49.9% of the depositary receipts.

The former Citibank executive succeeds Anthony Mathias amid a series of leadership appointments at the oil and gas firm.

The link is available at businesses and is between Indonesia’s Quick Response Code Indonesian Standard (QRIS) and apps from Alipay and UnionPay International.

The central bank has tightened rules on cash purchases of foreign currency to help stabilise the rupiah; government spending in Q1 helped spur the country's strongest GDP in several years.

The firm has added Thailand, Indonesia, Malaysia, Vietnam and Turkey to its network. There are more businesses and consumers increasingly using digital payments across Apac.

PLN is planning to issue two tranches of senior unsecured dollar notes under a newly established $15bn programme.

Sri Mulyani Indrawati has been a mainstay in the role for the majority of the last two decades; Indonesia has also recently issued a A$800m Kangaroo bond.

Tariffs ‘reduced’ to 15% for Japan and 19% for the Philippines, following a deal with Indonesia earlier in the week.

The US is expected to impose 19% tariffs on Indonesian goods; meanwhile, Trump's wider tariff regime is starting to have a more pronounced impact on US inflation.

DBS and UOB are providing a $411m loan for a joint project from Singapore data centre developer DayOne and the Indonesia Investment Authority; the aim is to supply 5% of Indonesia’s projected data centre capacity by 2029.

Pribadi, who started the role earlier this month and previously worked at OCBC, is based in Jakarta.