Indonesia EximBank exceeds the year’s target

04 Oktober, 2012 | Source: The Jakarta Globe

Indonesia EximBank, the nation’s export financing agency, said it has booked Rp 25 trillion ($2.6 billion) in total financing deals by the end of the third quarter this year. The value of those deals has exceeded the company’s full year target of Rp 24.5 trillion for this year.

Dwi Wahyudi, managing director of the company, said in Jakarta on Tuesday that demand for the company’s financing comes from various industries such as rubber, crude palm oil and infrastructure sectors.

“The company provides loans to help the development of a port in East Java,” Dwi said, as it plans to lend up to $20 million for the project.

The government has been boosting the development of infrastructure projects such as airports, seaports and toll roads in Indonesia. Poor infrastructure has been a stumbling block in the country’s economic growth.

The company is also planning to sell Rp 2 trillion worth of bonds, of which the proceeds will be used to improve its financing business in Indonesia.

Indonesia Eximbank has selected Trimegah Securities, Danareksa Sekuritas and Standard Chartered Securities Indonesia to underwrite the debt sale. No other details regarding the bonds were given.

However, Dwi said that the sale of the bonds is part of the company’s larger plan to sell Rp 10.5 trillion of them in the next two years.

 

The Asian Development Bank (ADB) has projected that Indonesias economic growth will continue to strengthen and be resilient to global uncertainties in 2017 and 2018.
The governments of the United States (US), Australia, and Sweden have lauded the Indonesian governments diplomatic steps to provide humanitarian assistance to communities in Rakhine State, Myanmar.
President Joko Widodo (Jokowi) said Indonesia already enters years of low inflation, with inflation around 3 percent in the past two years.
President of the World Bank group, Jim Yong Kim, here on Tuesday expressed his support to the Indonesian governments plan on the tax reform program, which aimed to increase the state budgets income.
President Joko Widodo (Jokowi) plans to visit Turkey to develop partnership in strategic industry and economy with the country, Foreign minister Retno Marsudi said here on Monday at the state palace after a meeting prior to the presidents visit to Turkey and Germany.
Indonesian Foreign Minister Retno Marsudi and her Maldivian counterpart Mohamed Asim will hold a bilateral meeting in Jakarta on Wednesday (June 21) to discuss the cooperation in tourism sector.
Address: 1068 Budapest, Városligeti fasor 26. | MAP |
Phone: (+36-1) 413 3800 Fax: (+36-1) 322 8669
E-mail: embassy@indonesianembassy.hu