Business News
Indonesia Issues US$ 2.27b Global Green Sukuk
The government has tapped into the global sukuk (Islamic bonds) market, recently issuing bonds worth US$ 750 billion with a five-and-a-half-year maturity period and a 10-year tenor of $1.52 billion, both of which were oversubscribed.The sukuk will be registered in the Singapore Stock Exchange and NASDAQ Dubai in the United…
Government increases domestic allocation requirement for coal
The Indonesian government is requiring coal miners to increase their allocation of coal for the domestic market this year to 128 million tons, an increase of 5.79 percent over 2018’s requirement of 121 million tons. Energy and Mineral Resources Ministry spokesman Agung Pribadi said in Jakarta on Wednesday that the…
Indonesia invites Japanese firms to invest in fish shipment
The government has invited Japanese companies to invest in fish shipment and cold storage services to take advantage of Indonesia’s growing fish production, especially in the eastern part of the country. The Maritime Affairs and Fisheries Ministry held a meeting recently with 13 Japanese companies, including trading company Hanwa, temperature-controlled…
Government to issue sharia sovereign bonds worth US$2 billion
Jakarta, (ANTARA News) - The Indonesian government is set to issue US$2 billion worth of State Sharia Sovereign Bonds (SBSN), or sukuk wakalah global, to continue its commitment to sustainable green financing. The sharia sovereign bonds comprise two series with settlement date on Feb 20, 2019, the Directorate General of…
