Indonesia’s Financial Services Authority plans to publish scorecards rating companies on the quality of their corporate governance as it begins supervising capital markets in Southeast Asia’s biggest economy.
Indonesia trimmed the size of its planned sales of Islamic and yen-denominated debt because of concern that Greece’s debt crisis will spread, a finance ministry official said. “We will only sell at benchmark size,” Rahmat Waluyanto , director general of the debt management office, said in a telephone interview in Jakarta. A benchmark sale typically means $500 million. “The sales will be in the second half of this year.”
The Indonesian government may reduce the net sales target for bonds this year, Rahmat Waluyanto, a director general at the Finance Ministry’s debt management office, said in a mobile-phone text message today, without providing a reason.