JAKARTA/SINGAPORE — Indonesia's President-elect Prabowo Subianto wants to give school children free meals, but the plan and his pledge to be 'daring' on spending have the country's debt and currency markets on edge.
Students eat their meals during the trial of a free-lunch programme for students at a junior high school in Tangerang, on the outskirts of Jakarta, Indonesia, Feb 29, 2024.JAKARTA/SINGAPORE — Indonesia's President-elect Prabowo Subianto wants to give school children free meals, but the plan and his pledge to be 'daring' on spending have the country's debt and currency markets on edge.
"Our base case remains that this is more of noise at the moment, but we do see increasing fiscal risk and hence the market may start to require more risk premium on Indonesian government bonds," said Jenny Zeng, chief investment officer for APAC fixed income at Allianz. Southeast Asia's biggest country has seen its finances improve under the Jokowi administration and runs a healthy budget surplus. From being rated junk at the start of the century, its bonds are now regarded as investment grade.
The rupiah is at four-year lows against the dollar, with losses of more than five per cent this year, although most of that has been in line with the broad decline in emerging market currencies owing to rising US yields and a rising dollar.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
President-elect Prabowo says Indonesia willing to receive 1,000 refugees from Gaza to study in JavaApart from East Java, several public figures in West Java have also expressed their readiness to accept refugees from Gaza and place them in Islamic boarding schools.
続きを読む »
‘Like Kennedys and Bushes’: Indonesia president-elect Prabowo’s family business empire draws parallels, concernsThe president-elect’s youngest sibling Hashim Djojohadikusumo has ambitions to expand his already lucrative business portfolio. Analysts are raising concerns over the family’s growing commercial and political clout.
続きを読む »
President Tharman, PM Wong congratulate South African President Ramaphosa on re-electionSouth African President Cyril Ramaphosam was recently sworn in for a second term.
続きを読む »
Indonesia president orders audit of data centres after cyber attackThe cyber attack disrupted multiple government services including operations at major airports.
続きを読む »
Indonesia president orders audit of data centres after cyberattackJAKARTA: Indonesian President Joko Widodo ordered on Friday (Jun 28) an audit of government data centres after officials said the bulk of data affected by a recent ransomware
続きを読む »
Indonesia president-elect Prabowo’s leg surgery renews concern about his health, but could help him perform duties better: AnalystsSpeculation over Mr Prabowo Subianto’s health is not new. But his leg surgery in June has raised questions about incumbent president Joko Widodo’s influence should his son, incoming vice-president Gibran Rakabuming Raka, assume the top job.
続きを読む »