Indonesia’s foreign debt growth slows in Q4 last year
Indonesia's foreign debt was recorded at 404.3 billion USD at the end of the fourth quarter last year, comprising public debt (government and central bank) of 202.9 billion USD, and private debt, including state-owned enterprises, of 201.4 billion USD.
A man exits the Bank Indonesia headquarters in Jakarta. (Photo: Bloomberg)
Jakarta (VNA) – Indonesia's foreign debt was recorded at 404.3 billion USD at the end of the fourth quarterlast year, comprising public debt (government and central bank) of 202.9billion USD, and private debt, including state-owned enterprises, of 201.4billion USD.
Indonesia’s foreign debt decelerated to 7.7 percentyear-on-year (yoy), from 10.4 percent yoy in the previous quarter, according tothe Bank Indonesia (BI).
The government’s foreign debt totalled 199.9billion USD in the fourth quarter of 2019, up 10.3 percent yoy. The growth wassupported by an influx of foreign capital to the domestic government securitiesmarket and the issuance ofdual currency global bonds, specifically in the Euro and US dollar.
These conditions mirrored solidinvestor confidence in Indonesia’s economic outlook and attractive financialmarkets, as well as less uncertainty in global financial markets.
The largestportion of the government’s foreign debt was directed towards productive sectors that could promote economic growth and boost publicwelfare, such as the human health and social work activities sector, which accounted for 19.1 percent of the totaldebt; the construction sector,16.6 percent; the educationsector, 16.2 percent; the publicadministration, defense and compulsory social security sector, 15.4 percent;and the financial andinsurance sector, 13.3 percent.
Meanwhile,private foreign debt grew 6.5percent yoy, down from 10.8 percent yoy during the last quarter.
The debt wasdominated by the financial and insurance; electricity, gas, and water supply;manufacturing; and mining and drilling sectors, amounting to 76.9 percent of the total private foreign debt.
Indonesia has maintained a healthy foreign debt structure supported by theapplication of prudential principles in its management.
By the end oflast year, foreign debt made up36.1 percent of Indonesia’s gross domestic product (GDP). The structure continued to be dominated bylong-term debt, accounting for 88.3 percent of the total foreign debt./.
Standard and Poor’s (S&P) Global Ratings’ recent upgrade of its long-term sovereign credit rating for Vietnam, the first time since 2010, was expected to help the country to attract more foreign investments into the economy and expand exports.
Indonesia’s external debt remained under control at healthy levels, apparent from its about 37 percent external debt-to-Gross Domestic Product ratio at the end of February, relatively unchanged from the earlier month and within the average of peer nations, according to a statement from the Bank Indonesia (BI).
All public debt indicators were under strict control and fell within the permissible limits set by the National Assembly’s Resolutions as of the end of 2018, according to the Finance Ministry.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
A man exits the Bank Indonesia headquarters in Jakarta. (Photo: Bloomberg)
