February 04, 2025 05:57 GMT
INDONESIA: Country Wrap: Indonesia to Set up SWF.
INDONESIA
- Indonesia’s parliament passed an amendment to the state-owned enterprises law, laying the legal foundation for a new entity expected to manage state assets while actively seeking investments domestically and potentially overseas (source: BBG).
- Indonesia wants to produce 735 million tons of coal in 2025, higher than last year’s target, even as prices trade near the lowest in three years. This year’s target is 4% higher than in 2024 and domestic demand could reach about 230 million tons this year, Tri Winarno, director general of minerals and coal at the energy ministry, said on Monday. (source: BBG)
- The Jakarta Composite is bouncing back today up +0.95%.
- IDR: the rupiah has had a better day, following yesterday's decline. The rupiah gained +0.40 to be 16,382.
- Bonds: best risk appetite was good for bonds with yields across the curve lower. INDOGB 10YR 7.007% (-0.5bp)
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