Foreign demand for Indonesian local currency debt remains strong, with net foreign ownership at a record 169 trillion rupiah
or over a quarter of all outstanding debt.
Another seller, 22-year-old graphic designer Andi, said a European and a Chinese have separately offered to buy his kidney for 200million rupiah
-- four times his asking price.
Further, new investments made by life insurance companies in Indonesia during the first half of 1999 dropped significantly, totaling only 305 billion rupiah
compared with 3.
It is interesting to consider the market price, of RSS1 in Kuala Lumpur for instance, expressed respectively in Malaysian ringgit sen, Thai baht, Indonesian rupiah
The fall of the rupiah
and (television) advertising has slowed up their acquiring of programming,'' said Neil Persky, president and co-owner of the decade-old San Fernando Valley company.
After hitting a record low of 16,500 Thursday before recovering, the rupiah
has lost about 80 per cent of its a value since Asia's currency crisis erupted in July.
is the second worst performing currency in emerging Asia after Malaysia's ringgit.
hit a fresh 17-year low of 14,135 against the U.
Indonesian property developer PT Sitara Propertindo is planning to raise up to 460 billion rupiah
(US$39 million) from an initial public offering next month, its underwriter said on Tuesday.
The hike is very important because of global economic uncertainty," he added, referring to a sell-off on emerging markets this month that has sent Jakarta stocks and the rupiah
State owned pharmaceutical company PT Indofarma (Persero) Tbk (INAF) said it suffered badly because of the rupiah
depreciation against the US dollar as 99% of its basic materials are imported.
Pertamina's finance director Ferederick Siahaan said previously the company planned 22 trillion rupiah