Indonesia raised ¥172.1 billion ($1.1 billion) in its biggest Samurai bond sale in two years as strong investor demand for its credit outweighed concerns about budgetary pressures due to the Middle East war. The regular issuer of yen bonds raised almost 70% more from the Samurai market than its last deal almost a year ago. The biggest tranche of Thursday’s offering , a ¥126.3 billion long three-ye...
Indonesia raised ¥172.1 billion ($1.1 billion) in its biggest Samurai bond sale in two years as strong investor demand for its credit outweighed concerns about budgetary pressures due to the Middle East war. The regular issuer of yen bonds raised almost 70% more from the Samurai market than its last deal almost a year ago. The biggest tranche of Thursday’s offering , a ¥126.3 billion long three-year note was sold at 80 basis points over mid-swaps, slightly higher than the 75 basis points it paid for a comparable tenor in May. Premiums on the five- and seven-year tranches were tighter. The size of the multi-tranche deal reflects confidence in the borrower even amid concerns that tensions in the Middle East may weigh on Southeast Asia’s largest economy by pushing up oil import costs. It’s also the first Samurai bond since the start of Japan’s fiscal year on April 1, when investors typically put new cash to work. Indonesia has been a mainstay in the Samurai bond market since before the pandemic and in 2024 raised the equivalent of $1.3 billion from its biggest-ever such issuance . Even so, the Iran war has complicated the outlook for Indonesia’s economy by pushing up oil imports, and S&P Global Ratings said last week the sovereign’s rating may be particularly at risk in the region if the conflict drags on.
After his project got rejected in Sydney, a rubbish disposal magnate now hopes to build a $630m port and waste incinerator near a tourist gateway city An Australian billionaire’s plan to burn rubbish for energy in Fiji amounts to “waste colonialism” and risks spoiling a “beach paradise”, villagers and the Pacific country’s UN ambassador have said. Traditional landowner Inoke Tora boarded a bus to ...
After his project got rejected in Sydney, a rubbish disposal magnate now hopes to build a $630m port and waste incinerator near a tourist gateway city An Australian billionaire’s plan to burn rubbish for energy in Fiji amounts to “waste colonialism” and risks spoiling a “beach paradise”, villagers and the Pacific country’s UN ambassador have said. Traditional landowner Inoke Tora boarded a bus to the capital, Suva, on Tuesday with a petition from villagers opposing the $630m waste-to-energy incinerator, which is forecast to consume 900,000 tonnes of non-recyclable rubbish each year. Continue reading...
(RTTNews) - The Indonesia stock market has moved lower in three straight sessions, slumping more than 90 points or 1.2 percent in that span. The Jakarta Composite Index now rests just above the 7,540-point plateau although it may stop the bleeding on Thursday.
(RTTNews) - The Indonesia stock market has moved lower in three straight sessions, slumping more than 90 points or 1.2 percent in that span. The Jakarta Composite Index now rests just above the 7,540-point plateau although it may stop the bleeding on Thursday.
Tom Kang, Research Director at Counterpoint, discusses the outlook for SK Hynix as the company reported a five-fold jump in quarterly profit and reiterated plans to ratchet up its capex this year. He speaks with Haidi Stroud-Watts and Paul Allen on Bloomberg: The Asia Trade. (Source: Bloomberg)
Tom Kang, Research Director at Counterpoint, discusses the outlook for SK Hynix as the company reported a five-fold jump in quarterly profit and reiterated plans to ratchet up its capex this year. He speaks with Haidi Stroud-Watts and Paul Allen on Bloomberg: The Asia Trade. (Source: Bloomberg)
Greg Calnon, Global Head of Public Investing at Goldman Sachs Asset Management, discusses his outlook for markets and investment strategy. He speaks with Haidi Stroud-Watts and Paul Allen on Bloomberg: The Asia Trade. (Source: Bloomberg)
Greg Calnon, Global Head of Public Investing at Goldman Sachs Asset Management, discusses his outlook for markets and investment strategy. He speaks with Haidi Stroud-Watts and Paul Allen on Bloomberg: The Asia Trade. (Source: Bloomberg)
Earnings Call Insights: Neptune Insurance Holdings Inc. (NP) Q1 2026 Management view CEO & Chairman Trevor Burgess framed Neptune as “AI native” and said the company’s internal principle has been “No Humans,” explaining it was intended to build systems that work “faster, more consistently and at scale.” He said Neptune believes “the gap between Neptune and traditional insurance platforms is not na...
Earnings Call Insights: Neptune Insurance Holdings Inc. (NP) Q1 2026 Management view CEO & Chairman Trevor Burgess framed Neptune as “AI native” and said the company’s internal principle has been “No Humans,” explaining it was intended to build systems that work “faster, more consistently and at scale.” He said Neptune believes “the gap between Neptune and traditional insurance platforms is not narrowing it is widening,” and positioned AI as a way to expand the market, noting, “Tens of millions of properties in the United States remain uninsured for flood risk.” Burgess highlighted post-quarter product release momentum, saying, “Following quarter end, we launched in a beta release, Atlas+, are a genetic assistant for insurance agents.” He added that early feedback included “examples of policies being sold directly as a result of these interactions,” and said the company expects Atlas+ “to become a core part of the sales workflow.” President & Chief Risk Officer Matthew Duffy said the company rolled out “3 major technology advancements” tied to the platform’s access and build process: Atlas+ (agent conversational workflow), “our Neptune application inside ChatGPT,” and “Proteus, an internally developed AI software developer.” Duffy quantified internal development leverage: “In March alone, Proteus was responsible for over 30% of the engineering tickets completed.” CFO James Steiner emphasized the asset-light MGA structure and operating leverage, stating, “we don’t carry any of the underwriting risk, the carriers do,” and “we scale by writing more code, not by hiring underwriters.” Burgess announced capital return, saying, “today, we announced that our Board has approved a $100 million stock repurchase program,” and added, “We expect to fund this program through free cash flow over the next 2 years.” Outlook Burgess raised full-year expectations and said, “For the full year 2026, we now expect revenue of $195 million and an adjusted EBITDA margin between 60% and 61%.”...