Indonesia’s foreign debt rises in May as foreign investors make comeback

first_imgThe central bank said that the higher debt position was due to higher capital inflow to the debt market amid lowering uncertainty in the global financial market and highly attractive domestic financial assets, adding that investors’ positive sentiment helped bring down the borrowing cost.“The management of the government’s external debt is conducted in a prudent and accountable manner to support government spending toward priority sectors, particularly on COVID-19 handling and boosting national economic recovery,” BI said in a statement.Indonesia’s budget deficit is expected to widen to 6.34 percent of GDP to cover the Rp 695.2 trillion ($47.5 billion) earmarked to strengthen the healthcare system and bolster economic growth. The government faces the daunting task of raising Rp 900.4 trillion worth of sovereign debt papers (SBN) in the second half of the year as debt financing swells significantly to fund the country’s coronavirus response. It raised Rp 630.5 trillion worth of SBN as of June this year.The government’s foreign debt rose 3.1 percent yoy in May to $192.1 billion, driven by the weekly issuance of SBN to fund the budget deficit in 2020. Public sector debt, raised by the government and the central bank, amounted to $194.9 billion.The private sector’s external debt grew 6.6 percent to $209.9 billion in May, compared to 4.4 percent in April, driven by higher debt from nonfinancial sectors.The external debt is largely disbursed across four sectors accounting for 77.3 percent of overall private borrowing, namely mining, manufacturing, financial services and insurance, and electricity, gas and steam procurement.The central bank deemed the overall external debt level to be healthy as the foreign-debt-to-GDP ratio was recorded at 36.6 percent by the end of May, up from 36.2 percent the previous month. Long-term loans account for 89 percent of the current outstanding debt.Topics : Indonesia’s foreign debt rose in May, driven mainly by foreign inflows to the country’s debt market as the government issues more debt papers to fund the coronavirus response and boost economic recovery, the latest data has shown.External debt, which includes government and private sector borrowings, was recorded at US$404.7 billion in May, a growth of 4.8 percent year-on-year (yoy), Bank Indonesia (BI) data showed Friday. The growth rate of Indonesia’s external debt increased from an annualized rate of 2.9 percent in April.Private sector foreign debt, which includes borrowings of state-owned enterprises, grew at a faster rate than government debt, supported by the mining, manufacturing, financial services and insurance sectors, as well as electricity, gas and steam procurement.last_img read more

Hector Bellerin will only sign new Arsenal deal if Mikel Arteta delivers on improvement

first_img Comment Coral BarrySunday 31 May 2020 12:46 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link1.9kShares Advertisement Advertisement Hector Bellerin will only sign new Arsenal deal if Mikel Arteta delivers on improvement Bellerin has been at Arsenal since he was 16 (Picture: Getty)Hector Bellerin remains committed to Arsenal, but will reportedly only sign a new long-term deal if he sees sustained improvement in performances.Mikel Arteta has been tasked with rejuvenating Arsenal and Bellerin is considered a vital figure in the squad as one of the longest serving players at the club.Bellerin has repeatedly been linked with moves away from Arsenal with Serie A duo Inter Milan and Juventus the latest clubs to be eyeing up a move for the right-back.ESPN claim Bellerin is not thinking about a move at the moment and has three years left on his deal.AdvertisementAdvertisementADVERTISEMENTBellerin is completely onboard with Arteta’s vision for the future, but wants to see the targeted improvement on the pitch and in results.Arsenal are ninth in the Premier League table ahead of the restart of the 2019/20 season and appear set to miss out on Champions League football again.Bellerin penned a six-and-a-half year deal in 2016, but he will only agree to sign another long-term contract if Arteta delivers on his promises. Bellerin has three years left on his deal (Picture: Getty)The first-team squad will get a 12.5 per cent pay cut if they fail to qualify for the Champions League.As Arsenal’s Professional Footballers’ Association representative, Bellerin played a key role in convincing the squad to take a wage deduction amid the coronavirus pandemic.Bellerin is Arsenal’s second longest serving player having joined the Gunners youth academy as a 16-year-old in 2011. Arsenal players are gearing up for a return to action on 17 June when they will take on Manchester City.MORE: The astonishing total cost of David Luiz’s transfer from Chelsea to Arsenal revealedMORE: Dennis Bergkamp let’s Mikel Arteta know where he has been going wrong at ArsenalFollow Metro Sport across our social channels, on Facebook, Twitter and Instagram. For more stories like this, check our sport page.last_img read more

The Latest: FIBA suspends some international basketball

first_img“Euroleague and the participating clubs cannot ask from players to put their health and that of their families at risk,” the Euroleague Players Association said.The players’ union asked for the season to be suspended “until health, safety and freedom of movement can be guaranteed.”___10 a.m.The Juventus player who tested positive for the coronavirus says he’s “OK” and wants “to reassure everyone who is worrying about me.” 9:55 a.m.The season-ending men’s World Cup ski races were canceled Thursday to prevent the spread of the coronavirus, giving Norwegian skier Aleksander Aamodt Kilde his first overall title.Giant slalom and slalom races were scheduled for this weekend in Kranjska Gora, near Slovenia’s border with Italy.The cancellations mean Henrik Kristoffersen, another Norwegian, becomes the season champion in both disciplines by tiny margins.A four-race finals week in Cortina d’Ampezzo, Italy, was canceled last week by the International Ski Federation. The International Basketball Federation says it is suspending all competitions indefinitely from Friday.FIBA says the decision was made “in order to protect the health and safety of players, coaches, officials and fans.”The suspension includes games in the Basketball Champions League, which is a rival competition to the better known Euroleague, and the second-tier FIBA Europe Cup. The Champions League is part-way through its playoffs.Men’s qualification for the Tokyo Olympics is expected to resume in June with a series of qualifying tournaments overseen by FIBA. Women’s qualifying has already concluded.___ Juventus announced late Wednesday that defender Daniele Rugani and “those who have had contact with him” are being isolated. It also said Rugani is not showing any symptoms of the disease.Rugani sent a post on Twitter overnight in Italian.“You’ll have read the news and that’s why I want to reassure everyone who is worrying about me. I’m OK. I want to remind everyone to respect the rules, because this virus doesn’t make distinctions! Let’s do it four ourselves, for those dear to us and for those around us,” he wrote.Rugani is the first player in the country’s top soccer division to test positive for the virus.___ 10:25 a.m.The hockey-like game of bandy has postponed its world championships in Russia because of the spreading coronavirus.The Swedish Bandy Association says the tournament, scheduled to be played from March 29-April 5 in Irkutsk, has been postponed until October.International Bandy Association president Boris Skrynnik says “we know that there are concerns in other countries when it comes to travel and spending time with larger groups.”The under-15 world championships in Arkhangelsk, Russia, at the end of the month will also be played at a later date. “The health and welfare of the athletes and all other participants, as well as the general public are in the forefront and the priority of FIS and all stakeholders,” the governing body said Thursday.Kilde’s runner-up finish in what proved to be the season-ending race — a downhill last Saturday in Kvitfjell, Norway — lifted him to the overall title above French rival Alexis Pinturault.Pinturault also finished runner-up to Kristoffersen in giant slalom. Another Frenchman, Clement Noel, was runner-up to Kristoffersen for the season-long slalom title by only two points, 552-550.Kristoffersen had an outside chance of winning the overall title if the final two races had gone ahead.Kilde succeeds Austrian great Marcel Hirscher, who won eight straight overall titles before retiring in the offseason. ___10:15 a.m.Denmark’s top soccer leagues are shutting down for at least two weeks because of the spreading coronavirus.The Danish league made the move a day after the national government announced a lockdown. The small Scandinavian country has 514 cases of people testing positive.“We will look at exactly what this will mean for the running of the tournaments for the weeks to come,” said Danish league director Claus Thomsen, adding more information on what will happen with the postponed matches and the rest of the season will be announced later. ___10:10 a.m.The Swiss hockey league has ended the season in the top two divisions before the playoffs because of the spreading coronavirus.The league’s decision comes less than two months before Switzerland is due to host the world championships in Zurich and Lausanne.The league says decisions on awarding titles, and promotion and relegation places, will be decided at a special meeting on Friday.center_img Associated Press The Swiss soccer leagues have been suspended through March, and Basel is unable to host a Europa League game next week against Eintracht Frankfurt.___10:05 a.m.After the NBA suspended its season, the Euroleague is considering doing the same.The league says it is consulting with clubs about a suspension, something which its players are demanding. The Latest: FIBA suspends some international basketball March 12, 2020 ___More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports Share This StoryFacebookTwitteremailPrintLinkedinRedditLONDON (AP) — The Latest on the coronavirus outbreak’s affect on sports around the globe (all times local):___10:30 a.m.last_img read more

Djokovic gives no choice to Raonic and will face Federer

first_imgWith nice ease and sensations diametrically opposed to those who Roger Federer had in his match in opposition to Tennys Sandgren, Novak Djokovic bought rid with out too many issues of Milos Raonic (7-4, 6-3 and 7-6 (1) in 2h: 49 ) and will face the Swiss on Friday within the semifinals of the Australian Open. Djokovic, who has solely misplaced a set to date within the match (within the first spherical in opposition to Struff), made a affected person recreation and overcame the Canadian punch, who positioned 18 aces.Outcomes of the lads’s staff of the Australian Open. (ADVANCE)last_img