Friday, October 20, 2017

Japan’s current-account surplus narrows in May; steady surplus likely to continue

By Harumi Taguchi, Principal Economist, IHS Markit Key Points: ŸJapan’s current account surplus declined 5.7% year on year (y/y) to JPY1.7 trillion (USD145 billion) in May on a non-seasonally adjusted basis,...

GoI Will Issues Tax Rule for Gross Split Sharing Scheme

JAKARTA (TheInsiderStories) - To clarify the taxation of exploration and exploitation activities of oil and gas based on gross split, Government will issue a new presidential decree (PP) later this...

Indonesia’s Foreign Reserve US$123.09 Billion in June

JAKARTA (TheInsiderStories) - Indonesia’s foreign reserve position stood at US$123.09 billion as of end-June 2017, lower than the end of May 2017 level registered at $124.95 billion, Bank Indonesia (BI) reported. According...

Moody’s assigns first-time B2 ratings to Geo Energy Resources

Singapore, July 07, 2017 -- Moody's Investors Service has assigned a Corporate Family Rating (CFR) of B2 to Geo Energy Resources Limited (Geo Energy). At the same time Moody's has assigned...

Malaysian Exports Soar 32.5% in May

Rajiv Biswas, Asia Pacific Chief Economist, IHS Markit  Malaysian exports soared 32.5% year on year (y/y) in May, boosted by double digit growth rates in all major export sectors. ...

Indonesia, Turkey Agreed to Increase Trade Cooperation

JAKARTA (TheInsiderStories) - The governments of Indonesia and Turkey have agreed to restore the positive trend of trade and investment between the two countries. These efforts will be conducted through negotiations...

Indonesian Government Sees Deficit Widened to 2.92% in 2017

JAKARTA (TheInsiderStories) - Indonesia's government proposed the State Budget's deficit in 2017 wider to that almost reaches of the legal limit at 2.92 percent of gross domestic product (GDP), said one senior...

Bank Mandiri Set Up Branches in Malaysia

JAKARTA (TheInsiderStories) - The largest bank in terms of assets PT Bank Mandiri Tbk (IDX: BMRI) announced its plan to set up full branch office in Malaysia after securing the license of...

Medco’s Rights Issue Rp1.93 Trillion, Change in Ownership?

JAKARTA (TheInsiderStories) - Shares of oil and gas producer PT Medco Energi Internasional Tbk (IDX: MEDC) fell 1.74 percent to Rp2,260 per share on Thursday. Year to date, MEDC share has...

Construction in Indonesia — Key Trends and Opportunities to 2021

by ReportLinker Indonesia’s construction will continue to thrive over the forecast period (2017–2021), driven by investment in infrastructure, energy and residential projects. The construction industry’s output grew by 6.2% in...

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PwC: Next generation of family business leaders embracing digital change, but facing hurdles

JAKARTA (TheInsiderStories) - Among the next generation of family business leaders, three in four have big plans to take their business forward. However, generational challenges persist,...

Daily Business Briefing – Oct. 20

JAKARTA (TheInsiderStories) - Good morning, here we provide several pieces of important news that might help your business decisions today: Indonesia Central Bank Holds Fast on...

Indonesian Government to Revises Online Transportation Rule

Jakarta (TheInsiderStories) - The Indonesian Government is going to launch new norm on online transportation, which aims to manage the mushrooming of online services...

Indonesia Government to Extend Masela Contract by 27 years

JAKARTA (TheInsiderStories) - The Indonesian government has agreed to extend Inpex Corp's operational permits for developing Masela natural gas project in the country's east by up...

Solid external demand continues to sustain Japan’s trade surplus in September

By Harumi Taguchi, Principal Economist, IHS Markit Key Points: Ÿ   Japan’s trade surplus widened by 37.7% year on year (y/y) to JPY670.2 billion (USD5.2 billion) in...

China’s Q3 GDP Growth of 6.8% Driven by Services Sector, Booming Online Sales

by Rajiv Biswas, Asia Pacific Chief Economist for IHS Markit Key Points: China’s Q3 2017 GDP growth rate was robust, growing at 6.8% year-on-year (y/y), indicating...