MNI BRIEF: Canada PM Carney Derides Trump's 51st State Idea

MNI BRIEF: Carney Sworn In As PM, Names Champagne To Finance

MNI China Daily Summary: Friday, March 14

MNI BRIEF: China February M2 Stays At 7% Y/Y

RPT-MNI INTERVIEW2: Lag Justifies Faster CNB Easing - Holub

BAKER HUGHES CANADA RIG COUNT 199; OIL RIGS 139; GAS RIGS 60

MNI: BAKER HUGHES US RIG COUNT 592; OIL RIGS 487; GAS RIGS 100

EZ/UK T-Bill Calendar: DE, NL and FR Due Monday

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

INDONESIA: Country Wrap:  Indonesia Launches SWF. 

INDONESIA
EM BulletBulletIndonesiaAPACEmerging Market News
  • President Prabowo addressed the World Government’s Summit yesterday and spoke of Indonesia’s development of a new sovereign wealth fund, mandated to invest in infrastructure, renewable energy, advanced manufacturing and food production to support his goal of annualized GDP growth of 8%.  (source: BBG).
  • According to the Plantation Fund Management Agency, Indonesia collected IDR25 tn in levies and is expecting an increase in the government levy in 2025 (source: BBG).
  • The Jakarta Composite’s week was poor again, down -1.7% for the week, despite modest gains today of +.14%.  Despite a very strong Wednesday the index has been under constant downward pressure with data showing foreign investors selling.
  • IDR: the rupiah’s strong day today (gaining +0.54%) was enough to bring the currency to flat for the week.
  • Bonds: bonds rallied across the curve today, lower by 1-5bps.  INGDOGB 10YR fell 4bps to 6.79%.  
141 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • President Prabowo addressed the World Government’s Summit yesterday and spoke of Indonesia’s development of a new sovereign wealth fund, mandated to invest in infrastructure, renewable energy, advanced manufacturing and food production to support his goal of annualized GDP growth of 8%.  (source: BBG).
  • According to the Plantation Fund Management Agency, Indonesia collected IDR25 tn in levies and is expecting an increase in the government levy in 2025 (source: BBG).
  • The Jakarta Composite’s week was poor again, down -1.7% for the week, despite modest gains today of +.14%.  Despite a very strong Wednesday the index has been under constant downward pressure with data showing foreign investors selling.
  • IDR: the rupiah’s strong day today (gaining +0.54%) was enough to bring the currency to flat for the week.
  • Bonds: bonds rallied across the curve today, lower by 1-5bps.  INGDOGB 10YR fell 4bps to 6.79%.