Sat, 10 Oct 2009
TEMPO Interactive, Singapore: Manulife Financial’s business unit, MFC Global Investment Management, announced their interest in investing in Rupiah and Singaporean Dollars.

The two currencies were chosen since their values have been appreciating along with the acceleration of economic growth in the two countries.

MFC Global regional chief for Asia, Victoria Ip-Cheung, said that Asian countries will increase their loans before the US raises profits from Asian currencies. “Asian currencies will continue to appreciate in the medium and long terms,” she told Bloomberg yesterday.

The profit from Indonesian bonds in a 10-year period is pegged at 9,92 percent. Meanwhile, the Rupiah-denominated term notes provided a 20 percent profit this year. The value was the highest among 10 debt index in the local currencie compiled by HSBC Holdings Plc.

The Rupiah exchange rate strengthened by 16 percent in 2009, the highest among Asian countries. “The exposure on Indonesia will grow,” Ip Cheung said.

EFRI RITONGA



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