FINWIRES · TerminalLIVE
FINWIRES

^JKSE

184 stories mentioning ^JKSE

Every FINWIRES story that references ^JKSE, newest first.

Asia

Market Chatter: Indonesia Plans International Finance Center in Bali

Indonesia is planning to set up an international finance center in Bali, with officials having inspected the location over the weekend, The Jakarta Globe reported Monday.Chief Economic Minister Airlangga Hartarto confirmed that the government has been working on a regulation for a financial special economic zone (SEZ) in Bali during a business visit to the region, according to the report.The country is also looking to expedite development in the Kura Kura Bali special economic zone. Bali Turtle Island Development, which is in charge of the SEZ, says it will include innovation and international mangrove research centers, the report said.The Kura Kura Bali SEZ, which attracted 1.62 trillion Indonesian rupiah worth of investment as of Q1 and created 2,146 jobs, will reportedly witness various strategic projects being completed in 2026.The government has been exploring the formation of a financial special economic zone to attract capital from global investors amid rising geopolitical tensions, as previously reported by The Jakarta Globe.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^JKSE
International

Asia Week Ahead: PMI Reports; Central Bank Decisions; and Inflation Prints

For the week ahead in Asia, the economic calendar is packed with S&P Global's monthly purchasing managers' index reports, inflation prints, and central bank decisions across the region.Monday brings a slate of S&P Global manufacturing PMI reports for April, alongside Indonesia's inflation and trade figures.On Tuesday, markets will turn to the Reserve Bank of Australia's interest rate decision, while Thailand and the Philippines release April inflation data.Wednesday features South Korea's April inflation print and New Zealand's first-quarter labor-market report, along with PMI readings from India, China, Hong Kong and Singapore.On Thursday, Malaysia's central bank decision will be in focus, alongside Taiwan's April inflation data and the Philippines' first-quarter GDP report.On Friday, Taiwan's April trade data and Malaysia's March industrial production figures will be due, before China closes out the week with April trade figures on Saturday.Here's what to watch in the week ahead.MONDAY, May 4The week kicked off with a slate of S&P Global purchasing managers' index reports covering manufacturing activity during April.Most economies in the region saw a rise in output despite the ongoing conflict in the Middle East which has pushed oil prices upwards.Malaysia's manufacturing sector expanded at its fastest pace in four years in April, supported by stronger output and a return to growth in new orders.The S&P Global Malaysia Manufacturing Purchasing Managers' Index rose to 51.6 in April from 50.7 in March, marking a second straight month of expansion.Output grew at the fastest pace since December 2021, while new orders increased as firms and clients built safety stocks amid uncertainty linked to the Middle East war.Output activity also expanded in South Korea, India, and Taiwan, according to S&P Global.Meanwhile, Vietnam's manufacturing sector also expanded, albeit at a slower pace.The S&P Global Vietnam Manufacturing PMI slipped to 50.5 in April from 51.2 in March, a seven-month low, signalling a tenth straight month of expansion but only marginal growth.In contrast, Indonesia's manufacturing sector slipped into contraction in April as cost pressures intensified due to material shortages and delays linked to the Middle East conflict.The S&P Global Indonesia Manufacturing Purchasing Managers' Index fell to 49.1 in April from 50.1 in March, dropping below the 50 mark for the first time in nine months.Manufacturing activity similarly slipped in the Philippines as new orders fell sharply and cost pressures intensified.Indonesia released inflation figures, noting a 2.4% year on year rise in prices during April -- slower than the 3.5% recorded a month prior.The island state also booked a trade surplus of $5.55 billion in the first quarter, supported by a strong non-oil and gas balance despite higher import growth, according to official data released by Statistics Indonesia.The Melbourne Institute released its monthly inflation gauge, noting another increase in April, mainly driven by higher recreation-related prices. The monthly cost of living also increased in April, especially for employees and self-funded retirees.TUESDAY, May 5An interest rate decision in Australia will capture headlines on Tuesday.The Reserve Bank of Australia is likely to rate hikes by 25 basis points to 4.35% as persistent inflation pressures and rising fuel costs linked to Middle East supply disruptions keeps the central bank on a hawkish path even as global peers hold steady.Thailand and the Philippines will release inflation data for April.Economists at ING said they expect the Philippines' headline inflation to rise above 5% as the government passes on the impact of higher global oil prices onto consumers. The Philippines' inflation climbed to 4.1% in March.Thailand is similarly expected to see a rise in consumer prices during April. According to a consensus compiled by Trading Economics, headline inflation could clock in at 1.7% on an annual basis, compared with a 0.08% decline in March.First-quarter gross domestic growth data will be due in Indonesia. DBS said it was forecasting 5.6% growth for the quarter thanks to government spending and festive spending during the period, the Wall Street Journal reported.Hong Kong will similarly release its first-quarter advance GDP growth estimate on Tuesday.Meanwhile, March retail sales figures will be expected in Singapore.On the activity front, S&P Global will release PMI reports manufacturing activity in Thailand and services and composite activity in Australia.WEDNESDAY, May 6Another inflation print, this time in South Korea.Economists at ING said they expect consumer prices to rise at a faster pace in April despite attempts by Seoul to rein in the impact of rising oil costs on consumers. A consensus compiled by Trading Economics indicated headline inflation could clock in at 2.6%.In March, South Korea's annual inflation rose to 2.2%, breaching the central bank's 2% target.First-quarter labor data from New Zealand will also be in the news.CommBank expects headline labor-market figures to remain weak, forecasting just 0.1% quarterly employment growth and a rise in unemployment to 5.5%, compared with Trading Economics consensus estimates of 0.3% employment growth and a 5.4% jobless rate for the first quarter."We do not envisage a labor market recovery until 2027, reflective of adverse impacts from geopolitical ructions," CommBank said in a preview.The Philippines will similarly release labor data for March, as well as industrial production figures.ING said it expects unemployment to edge higher. "On the industry side, weak soft construction activity should continue to weigh on growth," ING said.Additional S&P Global PMI reports covering services and composite activity in India and China, as well as overall activity in Hong Kong and Singapore, will be due.A business confidence report will be due in Thailand, while Hong Kong's March retail sales figures will also be on display.THURSDAY, May 7Malaysia's central bank will meet for its interest rate decision, with no change expected in the 2.75% policy rate.RHB Bank said it expects Bank Negara Malaysia to hold rates as growth remains steady and inflation remains in check, the Wall Street Journal reported.Taiwan's April inflation print will be due, with analysts looking for signs on how the Iran war was weighing in on prices. ING said it expects to see inflationary pressure picking up after limited pass through of energy prices in March.Australia will release March trade figures. The country's trade surplus could fall to A$4.45 billion from the A$5.69 billion recorded in the month prior, according to a consensus compiled by Trading Economics.CommBank said it expects the goods trade balance to decline due to rising fuel imports in the wake of the Iran conflict.The Philippines' first-quarter GDP growth figures will be expected. ING said the Philippines' economy could recover to a growth of 4.3% year on year thanks to favorable base effects and some pick-up in government spending.The Philippines' economy grew by 3% last quarter.Another confidence report covering consumer sentiment will be due in Thailand.FRIDAY, May 8Markets will be on the lookout for Taiwan's trade data for April.ING said it expects the island state's trade surplus to rise to $21.6 billion from $21.3 billion in the month prior. "We're looking for another strong month, with 59.3% YoY export growth and 35.5% import growth," ING said in a preview.In Malaysia, March industrial production figures will be due.S&P Global will release PMI reports covering services and composite activity in Japan.SATURDAY, May 9China will release its April trade data on Saturday.The world's second largest economy could record a surplus of $82.4 billion for the month, rising from $51.13 billion in March, according to a consensus compiled by Trading Economics.Analysts at DBS expect a sharp uptick in surplus, with export growth more than doubling to 8.4% from the 2.5% rise seen in March, the WSJ reported.

ASX 200^BSE^HNX^HOSEHang Seng^JKSEFTSE Bursa Malaysia KLCIKOSPINikkei 225^NSE^NZ50^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted
Asia

Market Chatter: Southeast Asians Turn to New Crude Oil Suppliers Amid Middle East Crisis

Southeast Asian countries are changing where they buy crude oil, moving away from Gulf suppliers and turning to places like the US, Brunei and Libya, Nikkei Asian Review reported Monday, citing trade data and Kpler shipping figures.The shift comes as disruptions in Middle Eastern supply routes have hit flows through the Strait of Hormuz, pushing import-reliant economies such as Thailand and Vietnam to look for new sources. Thailand's imports from the UAE fell sharply in April, while shipments from Brunei and Libya increased, according to the report.Vietnam has also reworked its supply mix, with lower volumes from traditional suppliers offset by arrivals from countries including Angola, Argentina and the United States. Singapore has similarly cut reliance on Gulf crude, with most of its imports now sourced from the US, the news outlet said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^HNX^HOSE^JKSE^PSEI^SET^STI
International

Indonesia's Producer Prices Rise 3.2% in Q1

Indonesia's producer price index across nine sectors rose 3.15% annually in the first quarter, according to data released by Statistics Indonesia on Monday.The pace of expansion accelerated from the 2.8% increase in the fourth quarter of 2025.On a quarter-over-quarter basis, the index climbed 1.7% from Q4 2025.The mining and quarrying sector recorded the sharpest annual increase, up 6.44%, alongside a strong 7.46% quarter-on-quarter gain. Agriculture, manufacturing, and transportation also posted steady growth in producer prices over the year.Other sectors showed moderate increases, including electricity and gas, accommodation and food services, education, and health. The water management sector rose 3.85% annually, the data showed.

^JKSE
International

Indonesia's Inflation Eases to 2.42% in April

Indonesia's consumer prices rose 2.42% annually in April, with the Consumer Price Index (CPI) at 111.09, according to data released by Statistics Indonesia on Monday.The latest inflation rate, however, slowed from 3.48% in March.Monthly, inflation stood at 0.13%, while year-to-date inflation reached 1.06%, indicating relatively contained price pressures compared with earlier months.Core inflation, which excludes volatile items, rose 2.44%, while monthly, it edged up 0.23%, the data showed.

^JKSE
International

Indonesia's Exports, Imports Rise in Q1

Indonesia booked a trade surplus of $5.55 billion in the first quarter, supported by a strong non-oil and gas balance despite higher import growth, according to official data released by Statistics Indonesia on Monday.Exports in the first quarter rose 0.34% annually to $66.9 billion, while imports climbed 10.05% to $61.30 billion.In March alone, exports fell 3.1% from a year earlier to $22.53 billion, while imports edged up 1.5% to $19.21 billion, the data showed.

^JKSE
Asia

ADB Commits $70 Billion Investment in Asia Through 20235 to Boost Energy, Digital Infrastructure

The Asian Development Bank will inject $70 billion through 2035 to expand energy and digital infrastructure across the Asia-Pacific, with a focus on cross-border electricity trade and broader internet access.In the recent report on Monday, ADB President Masato Kanda said stronger regional connectivity will help lower costs and support growth. The bank plans to mobilize $50 billion under its Pan-Asia Power Grid Initiative to link national grids, scale up renewable energy use, and build transmission lines, substations and storage.A further $20 billion will go towards the Asia-Pacific Digital Highway, funding fibre networks, data centres and other digital systems. By 2035, the projects aim to connect 200 million people to power, widen broadband access, and generate jobs across the region, the report said.

^BSE^HNX^HOSEI^JKSEFTSE Bursa Malaysia KLCINifty 50^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted
International

Indonesia's Factory Activity Falls into Contraction as Costs Surge, S&P Global Says

Indonesia's manufacturing sector slipped into contraction in April as cost pressures intensified, according to data released Monday by S&P Global.The S&P Global Indonesia Manufacturing Purchasing Managers' Index fell to 49.1 in April from 50.1 in March, dropping below the 50 mark for the first time in nine months.Output declined for a second straight month, with the pace of contraction the fastest since May 2025, amid rising raw material prices, supply shortages, and weaker purchasing power.New orders edged up slightly, largely driven by advance buying to guard against further price increases and supply disruption, while new export orders fell.Input cost inflation rose to a four-year high, prompting firms to raise selling prices at the fastest pace since October 2013.Purchasing activity and employment both declined, while delivery times lengthened for a seventh consecutive month due to material shortages and delays linked to the Middle East conflict.Business confidence weakened to a five-month low, though firms remained optimistic about output over the next 12 months.

^JKSE
US Markets

ADB Pledges $70 Billion For Energy, Digital Networks Across APAC as Middle East Conflict Batters Outlook

The Asian Development Bank is committing $70 billion to support new energy and digital infrastructure initiatives across the Asia-Pacific region by 2035.ADB President Masato Kanda announced the pledge on Sunday during the lender's annual meeting in Uzbekistan."Energy and digital access will define the region's future," said Kanda. "These two initiatives build the systems Asia and the Pacific need to grow, compete, and connect. By linking power grids and digital networks across borders, we can lower costs, expand opportunity, and bring reliable power and digital access to hundreds of millions of people."The pledge comes as the ADB sharply downgraded its forecast for the APAC region, citing energy disruptions from the ongoing Middle East conflict.On Wednesday, the ADB slashed its GDP growth outlook for developing Asia and the Pacific to 4.7% in 2026 from the previous 5.1% forecast.Inflation for 2026 is projected to accelerate to 5.2% in 2026 from 3% in 2025, before easing to 4.1% in 2027."Our revised outlook is a significant downward revision for growth and a sharp increase in inflation following a special update to reflect the deepening crisis," Kanda said at the time.The bank's new outlook assumes that oil prices average around $96 a barrel in 2026, well above the $69 per barrel average in January and February before the Middle East conflict. The bank expects oil prices to ease to around $80 per barrel in 2027."We are confronting systemic, long-lasting disruptions to global energy and trade networks, not just temporary volatility. ADB will remain an agile partner in protecting the region's economy; tracking fast-moving risks, and moving with urgency to scale up our support," Kanda added.Diesel prices across several Southeast Asian countries have increased by more than 100% since late February, the ADB said in its updated outlook report.The ADB also noted in its Wednesday report that the energy shock is also affecting fertilizer prices, which it said could add to food inflation, particularly for economies most dependent on Middle East imports.Against that backdrop, the ADB is committing $70 billion to build new energy and digital infrastructure in Asia and the Pacific by 2035.The largest investment, worth $50 billion, will be allocated towards cross-border power infrastructure to unlock renewable energy at scale, the ADB said.The project will focus on transmission and grid integration, including cross-border lines, substations, storage, and grid digitalization, according to the lender.By 2035, the bank aims to integrate about 20 gigawatts of renewable energy across borders, connect 22,000 circuit-kilometers of transmission lines, and cut regional power sector emissions by 15%, while improving energy access for around 200 million people.The remaining $20 billion will fund the Asia-Pacific Digital Highway, targeting digital corridors, data infrastructure, and AI-ready economies.The project aims to bring first-time broadband access to 200 million people and cut connectivity costs in remote and landlocked areas by about 40%.The South Korean government will back a new Center for AI Innovation and Development in Seoul with a $20 million contribution. The center will aim to train about 3 million people in digital and AI-related skills by 2035.Separately on Sunday, the ADB also unveiled a Critical Minerals-to-Manufacturing Financing Partnership Facility designed to help the region move beyond mining into higher-value industries such as processing, manufacturing, and recycling.Japan committed $20 million to the grant window, the UK contributed $1.6 million, and the Korea Eximbank and the Korean Trade Insurance Corporation each signed $500 million memorandums as the facility's first partners.

ASX 200^BSE^HNX^HOSEHang Seng^JKSEFTSE Bursa Malaysia KLCIKOSPINikkei 225^NSE^NZ50^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted
Asia

Middle East War Poses Greatest Credit Risk for Asia-Pacific's Financial Institutions, S&P Says

The Middle East war's spillover effects serve as the largest credit risk for Asia-Pacific financial institutions, S&P Global Ratings said in a Thursday release.The region's banks are not directly exposed to the Middle East, while indirect exposure is manageable, S&P Asia-Pacific sector lead for financial institutions Gavin Gunning said.Lenders also have ample buffers to absorb linked constraints at current rating levels under a scenario of a deal that will open the Strait of Hormuz by the end of May, Gunning said.However, a downside scenario of a prolonged conflict could cause a 25% rise in credit losses for banks, S&P said.This scenario would mean larger increases in credit losses to total loans in Vietnam, Indonesia, and India, the rating agency said.China will account for the largest share in the total forecast credit losses at about $130 billion.Other countries' banking systems will be stronger at current rating levels, given their buffers, S&P said.Nonbank fund finance will remain a talking point, albeit being more muted, especially for US funds amid uncertainties in the software sector, the rating agency said.Al is also a major concern given the diverging impact it has on the ratings of the region's financial institutions in the coming years, according to S&P.

^BSE^HNX^HOSEI^JKSENifty 50Shanghai Composite^SZSE
International

ADB Cuts Economic Growth Projections for Developing Asia Amid Middle East Crisis

The Asian Development Bank sharply downgraded its economic growth forecasts for developing Asia and the Pacific while raising inflation projections, citing prolonged disruptions from the Middle East conflict that are driving up energy prices and tightening financial conditions.The bank now expects regional growth of 4.7% in 2026 and 4.8% in 2027, down from its earlier forecast of 5.1% for both years. Meanwhile, inflation is projected to accelerate to 5.2% this year before slowing to 4.1% in 2027, according to the latest ADB report.ADB said the revisions reflect sustained pressure on oil and gas prices, with crude expected to average about $96 per barrel in 2026, significantly higher than pre-conflict levels, weighing on fuel-importing economies.Under a more severe scenario, growth could ease further to 4.2% this year and 4% next year, while inflation may spike to 7.4% in 2026, the bank added, urging targeted fiscal support and measured monetary responses.

^DSE^HNX^HOSEHang Seng^JKSEFTSE Bursa Malaysia KLCI^KOSDAQKOSPINifty 50^PSEI^SETShanghai Composite^STI^SZECTaiwan Weighted^YSX
Asia

Market Chatter: Indonesia Endorses Plan for Trade Agreement Between ASEAN and EU

Indonesia supports ASEAN's proposal to sign a trade pact with the European Union, The Jakarta Globe reported Wednesday.The parties, which are yet to decide when to begin formal negotiations, reiterated their resolve to enter a bloc-to-bloc free trade agreement at ministerial talks held Tuesday, according to the report.The parties are working toward this in the longer term, according to a 63-point joint statement released after the talks.Deputy Foreign Minister Arrmanatha Nasir also indicated that a strategic agreement was in the works and would expand market access for ASEAN and EU businesses.EU Official Kaja Kallas told reporters following the talks that "the EU is and will remain a reliable and predictable partner" to ASEAN, The Jakarta Globe reported.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^JKSE
Asia

Market Chatter: Indonesia to Form Financial Special Economic Zone

Indonesia is setting up a financial special economic zone to attract capital from global investors as geopolitical tensions prompt investors to look for safer investment avenues, The Jakarta Globe reported Wednesday.The government is currently looking into key instruments global investors require to invest with greater confidence, the report said.The initiative aims to position Indonesia as a credible international financial hub, the country's Chief of Economic Affairs Minister Airlangga Hartarto reportedly said during an investor daily roundtable.The zone will allow the country to stand at par with financial centers in Hong Kong, Singapore, and Abu Dhabi, the online daily reported.The strategy will also encompass the development of data centers, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^JKSE
Asia

Market Chatter: Indonesia Moves to Remove Import Duties on Plastic Materials, LPG

Indonesia plans to remove import duties on some plastic materials and liquefied petroleum gas (LPG) used by the petrochemical industry to ease supply pressures, Reuters reported Tuesday, citing Coordinating Economic Minister Airlangga Hartarto.The measure, set to take effect in May, comes as domestic plastic prices have surged between 50% and 100% due to disruptions in naphtha supply from the Middle East amid the Iran conflict.Under the policy, import duties on key raw materials such as polypropylene, LLDPE and high-density polyethylene will be cut to 0% for six months. The duty on LPG imports for petrochemical use will also be reduced to zero from 5% over the same period, reportedly.Indonesia currently imposes duties of between 5% and 15% on plastic products, and the government will reassess the policy after six months, the news agency said..(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^JKSE
Asia

Market Chatter: Indonesia Government Targets 5.7% GDP Growth in Q2

The Indonesian government is looking to grow its second quarter GDP to 5.7%, The Jakarta Post reported Monday."We will give the economy a push" to achieve the target growth, Finance Minister Purbaya Yudhi Sadewa said while speaking at a media briefing April 24 , according to the report.He added that a focus on expedited government spending and enhanced budget management may also be used to support the growth.An increase of over the usual 5% will be pushed despite adverse external conditions amid the ongoing Middle East conflict.GDP growth in the first quarter is also expected to surpass 5% due to a surge in consumer spending in Ramadan and Eid ul Fitr Holidays, and a base effect as the Q1 GDP in 2025 was relatively low.Statistics Indonesia (BPS) will announce Q1 GDP next week, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^JKSE
Asia

Market Chatter: Indonesia's Financial Regulator OJK Recognized by MSCI for Capital Market Reforms

Indonesia's financial regulator, Otoritas Jasa Keuangan (OJK), shared the results of a meeting with the MSCI carried out a week ago, Bisnis.com reported Monday.Hasan Fawzi, chief executive of Capital Market, Derivative Finance, and Carbon Exchange Supervision at OJK, said the MSCI recognized Indonesia's achievements in reforming its capital market.The changes revolve around transparency related to share ownership and the classification of investor types from nine to 39 among other actions, according to the report.Hassan said his party hopes to see the results from the reforms reflected in MSCI's quarterly rebalancing, Bisnis.com reported.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^JKSE
Asia

Market Chatter: Bank Indonesia Steps In as Rupiah Slides to Record Low Amid Global Turmoil

Indonesia's rupiah weakened to a historic low on Thursday, prompting intervention from Bank Indonesia, The Jakarta Globe reported the same day.The currency weakened past the 17,300 rupiah per US dollar threshold. Senior Deputy Governor Destry Damayanti attributed the decline largely to external forces, particularly rising geopolitical tensions in the Middle East that have driven investors toward safer assets like the US dollar, according to the report.In response, Bank Indonesia intensified its market operations to stabilize the currency. These measures included interventions in offshore non-deliverable forward markets, domestic spot transactions, and domestic non-deliverable forwards. The central bank has also been actively purchasing government bonds in the secondary market to maintain liquidity and bolster investor confidence, the news outlet reported.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^JKSE
Asia

Market Chatter: Indonesia Says No Levies on Ships Crossing Malacca Strait

Indonesia's Foreign Minister Sugioni clarified on Thursday that there were no plans to apply tolls on ships using key trade route Malacca Strait, The Jakarta Globe reported Thursday.The statement came after concerns surfaced following light-hearted remarks by the Finance Minister Purbaya Yudhi Sadewa about potential Malacca levies, which he followed up with saying "If only that were possible, but that's not the case."Sugiono emphasized that the country's actions comply with UNCLOS, a maritime law that deems any such levies illegal, according to the report.Following Sadewa's remarks, Malaysian and Singaporean Foreign Ministers Mohamad Hasan and Vivian Balakrishnan had reportedly stressed that any decision related to the strait required agreement from all bordering countries and was not subject to unilateral approval.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^JKSE
Asia

Market Chatter: Indonesia to Avoid Immediate Fitch Ratings Downgrade if Deficit Surpasses 3% in Short Term

Indonesia will not see an immediate ratings downgrade by Fitch Ratings on going over its legal fiscal deficit limit of 3% if the change is justified, Reuters reported Friday citing George Xu, sovereign ratings director at Fitch.The exception applies to temporary breaches - that is, a hypothetical increase for one year - in response to an economic fallout resulting from the Middle East conflict, the report said.A higher deficit for over a year could, however, lead to a downgrade, according to the report.The anticipated deficit for 2026 currently stands at 2.9% but could go up to 4% if the situation worsens, according to the report.Fitch recently downgraded Indonesia's rating outlook to negative in March from stable previously.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^JKSE
Asia

Market Chatter: Indonesia Secures 150 Million Barrels of Russian Crude

Indonesia has secured access to up to 150 million barrels of Russian crude oil at preferential pricing, state media Antara reported Thursday, citing presidential special envoy for energy and environment Hashim Djojohadikusumo.He said the arrangement followed President Prabowo Subianto's recent visit to Moscow and discussions with Russian President Vladimir Putin, where initial supply commitments were made. Under the deal, 100 million barrels would be supplied first, with an option to expand by another 50 million barrels depending on Indonesia's needs, reportedly.The supply is intended to strengthen energy security and provide a buffer against global market volatility. Officials said shipments could begin in 2026 as Indonesia continues efforts to diversify its energy imports, the news outlet said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^JKSE

Showing 121-140 of 184