Early 2020 Double Jackpots
YEAR of 2020 arrived with a pair of boons for Indonesia. Firstly, the US-Iran war does not come yet, and the oil prices does not tapered off.
Indonesian government bonds—both rupiah denominated bonds valuing Rp20 trillion and global bonds worth US$2 billion and 1 billion euros—have sold out with lower coupons. Secondly, the US-China trade war has also deescalated. Both parties signed an agreement on January 15. As global trade is no longer hampered, investors can look forward to a faster-moving world economy.
The positive effects of those boons has been felt. The f...