Media Monitoring

Capital market fundraising slow

Friday, 05 Oct 2018
Capital market fundraising slow
A trading floor of the Indonesia Stock Exchange (IDX). (JP/Wienda Parwitasari)

Capital market fundraising slow

Bisnis Indonesia, Headline

Fundraising in the capital market during the fourth quarter of 2018 is expected to be lower than that in the same period last year. High volatility and strong external pressure have curbed investors and companies’ interest to take major action in the financial market. PT Ciptadana Sekuritas president director Asia Ferry Budiman Tanja said fundraising will not be as compelling as last year since market condition is highly unsupportive. Ferry added that high credit interest rate is what hindering business actors to fundraise publicly. According to Financial Services Authority (OJK) bond and sukuk (Islamic bonds) emissions are recorded at Rp 85.07 trillion by September 2018, half the number from September 2017 that reached Rp 156.71 trillion.

 

Palu’s economy to resume

Media Indonesia, p. 2

A number of traditional markets in Palu, one of the regions in Central Sulawesi which were affected the most by the earthquake and the tsunami, has started to buzz with activities. Although the activities in the market have yet to be as lively as it used to prior to the disaster, a number of foods and basic needs can be found in the market. However, as the supplies of the goods are limited and imported from other regions, the sellers admitted that the price of the goods had increased. The economic transactions in these markets are heavily guarded by the Indonesian Army and the National Police. This is to ensure that raids, which becomes a common phenomenon in central Sulawesi following the disaster, do not take place in the markets.