The Bank Indonesia (BI) consumer survey recorded the Consumer Confidence Index (IKK) for the period of January 2021 at 84.9. This figure is lower than the previous month which was at the level of 96.5. This decline was driven by a decline in two of its components, namely: weakening consumer expectations of economic conditions in the next 6 months, and a decline in the current Economic Condition Index (IKE). The current CECI is recorded at 63.0 or lower than 68.6 in December 2020. Meanwhile, consumer expectations of the current economic conditions have weakened due to the policy of Enacting Restrictions on Community Activities (PPKM) in several regions, particularly Java and Bali. Yesterday, the yield on 10-year Government Securities (SUN) increased by 4.8 bps to a level of 6.24%.
Waskita and Indomobil Finance Bonds are Due Soon. Waskita Karya Tbk (WSKT) and Indomobil Finance Indonesia stated their readiness to pay maturing bonds. The total value of the principal and bond interest to be paid reaches IDR 1.41 trillion. Indomobil Finance Indonesia has prepared funds to pay off the principal and interest on the bonds that will mature on February 15, 2021. The value of the principal and interest of the 2018 Phase II Sustainable Bonds III reaches IDR 240 billion. On the other hand, Waskita Karya also prepared funds for the payment of the Phase II 2018 Series A Sustainable Bonds worth IDR 1.17 trillion. The bonds will mature on February 23, 2021. (Investor Daily)
Government Injects Capital for Nine State-Owned Companies worth IDR 42.48 Trillion. These funds are included in the state capital participation mechanism (PMN) for the 2021 fiscal year. State-owned enterprises (BUMN) that will receive the capital injection are, first, the state electricity company (PLN). ) in the amount of IDR 5 trillion; Second, the Wijayakusuma Industrial Estate (KIW) worth IDR 977 billion; Third, Bahana Business Development Indonesia (BPUI) amounting to IDR 20 trillion; Fourth, Hutama Karya (HK) worth IDR 6.2 trillion; Fifth, Pelindo III worth IDR 1.2 trillion; Sixth, PAL in the amount of IDR 1.28 trillion; Seventh, Sarana Multigriya Financial (SMF) amounting to IDR 2.25 trillion; Eighth, LPEI worth IDR 5 trillion; and Ninth, Indonesia Tourism Development Corporation (ITDC) amounting to IDR 470 billion. (Kontan)
Projected Sukuk Auction Oversubscribed. The auction of State Sharia Securities (SBSN) is projected to reach IDR 25 trillion, or exceed the indicative target of IDR 12 trillion. In addition to the extension of the strict Large-Scale Social Restrictions (PSBB) policy, market players are also waiting for the effectiveness of the Covid-19 vaccination. SBSN or Sukuk will remain attractive, because the instruments are scalable and have very good liquidity. In addition, the risks in the market are high because the Covid-19 pandemic is not over. Market participants can look at PBS027, PBS017, PBS029, PBS004, and PBS028. The five sukuk are series offered at today’s sukuk auction.