Monday, August 21, 2017

Japan’s Economic Growth Beyond Expectation, Lead Asia Pasific Market Favors

JAKARTA (TheInsiderStories) - Japan’s economic growth in the second quarter (Q2) of 2017 expanded 4 percent on the quarter on quarter (q/q) basis compared to last year, IHS Markit...

Moody’s: Asian high-yield corporates to record low default rate at end-2017

Hong Kong -- Moody's Investors Service says that the default rate for Asian high-yield non-financial corporates will remain low, registering 2.9% at end-2017. "The low projected default rate reflects broad-based global growth,...

MedcoEnergi Issues Global Bonds of US$300 Million

JAKARTA (TheInsiderStories) – Oil and gas producer, PT Medco Energi Internasional Tbk (IDX: MEDC) has issued bond of US$300 million with final coupon of 8.5 percent per annum, said...

Three Smelting Firms Cease Operation

JAKARTA (TheInsiderStories) - Three smelting companies halt their operating following the dropped of nickel price since the beginning year. The firms namely PT Indoferro, PT Bintang Timur Steel located in...

Astra, Jasa Marga eyes Waskita’s Toll Road Projects

JAKARTA (TheInsiderStories) - Publicly listed conglomerate company PT Astra International Tbk (IDX: ASII) and state-owned toll provider PT Jasa Marga Tbk (IDX: JSMR) has expressed their interest to acquiring...

Escalating tensions with North drive widening South Korean credit spreads in July

Rajiv Biswas, Asia Pacific Chief Economist and Sage Patel, Director of Fixed Income Pricing  Key Points: Among the sovereigns, CDS spreads for New Zealand tightened the most, while Republic of Korea...

Oil and Gas Investment Continues to Decline

JAKARTA (TheInsiderStories) - Investment in the oil and gas sector in Indonesia during the first half of this year reached US$4.8 billion or decline compared to the same period...

Airasia Reiterate IPO Plans for Indonesian Unit

JAKARTA (TheInsiderStories) - Low cost flight carries, Air Asia Indonesia has reiterated it plans to list its shares on the Indonesia Stock Exchange in the fourth quarter of 2017....

Investment Will Boost Economic Growth in H2

JAKARTA (TheInsiderStories) - The Indonesia Government believed the investment realization will boost the economic growth in the second half (H2) of this year, said one senior official on Tuesday...

IDX Prepares Acceleration Board for SME’s Go IPO

JAKARTA (TheInsiderStories) – Indonesian Stock Exchange ready to lure the regulation on initial public offering (IPO) for small, medium enterprises (SME’s), through the acceleration board. This initiative will complete the...

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Freeport Indonesia loses $3m due to ex-workers strike

JAKARTA (TheInsiderStories) - Freeport McMoran Inc unit in Indonesia estimates losses reached $3 million after hundreds of former workers damage company's assets over unemployment...

Garuda Indonesia Targets Become Integrated Airlines Services

Jakarta (TheInsiderStories) - PT Garuda Indonesia Tbk (IDX: GIAA), a state-owned flight carriers is ready to become Garuda targets to be an integrated airline...

Fitch: Indonesia Regulation to Benefit Bond Issuers in Long Term

JAKARTA (TheInsiderStories) - Fitch Ratings believes that the Indonesian authorities' recent initiatives to cut borrowing costs and support economic growth will not have immediate...

Govt Proposes $30b Infrastructure Spending in 2018. For What?

JAKARTA (TheInsiderStories) - The Indonesian Government proposed Rp409 trillion or $30.3 billion for infrastructure spending next year to the legislative. Why should the government...

Moody’s assigns definitive B2 rating to Medco; outlook stable

Singapore -- Moody's Investors Service has assigned a definitive B2 corporate family rating (CFR) to Medco Energi Internasional Tbk (P.T.) (Medco). At the same time, Moody's has...

Alibaba Invests $1.1b to lead Tokopedia Become Unicorn After Go-Jek

JAKARTA (TheInsiderStories) - China's e-commerce player, Alibaba Group Holding Ltd. continues to expand its business in Southeast Asia region with poured $1.1 billion investment...
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