Monday, August 21, 2017

Softer exports and sustained import growth weigh on Japan’s current-account surplus in June

By Harumi Taguchi, Principal Economist, IHS Markit Key Points: Ÿ Japan’s current-account surplus for June rose 8.7% month on month (m/m) to JPY1.5 trillion (USD13.8 billion) on a seasonally adjusted basis,...

Indonesia Forex Reserve Increases in July 2017 US$128b

JAKARTA (TheInsiderStories) - The Indonesia’s official foreign exchange reserve position stood at US$127,76 billion in July 2017 or increases than position at the previous month at $123.09 billion, partly...

Japan Tobacco to Purchase Gudang Garam’s Unit for US$677m

JAKARTA (TheInsiderStories) - Japan Tobacco Inc. (TSE: 2194) or JT Group has agreed to acquire Gudang Garam (IDX: GGRM) subsidiary, PT Karyadibya Mahardhika (KDM) and its distributor PT Surya...

Indonesia’s GDP Growth at Slower Pace in Q2 2017

JAKARTA (TheInsiderStories) - Indonesia’s Gross Domestic Product (GDP) growth in the second quarter of 2017 reached 5.01 percent or lower compared to the same period last year which grew...

Finally Geothermal Fund is Used for Flores Island since Launched in 2011

JAKARTA (TheInsiderStories) - Since launched six years ago, Indonesia finally use the Geothermal Fund Facility (GFF) for the first project Waisano region in the Flores island. The GFF was actually...

Indonesia Targets Russian and Eurasian Markets, Barter Palm Oil With Jet

JAKARTA (TheInsiderStories) - Indonesian Trade Ministry intensively boosted exports to global markets. One of the targets export to Russia and Eurasia as an entrances to Eastern Europe, said one senior...

North Korean Economy in Crisis as UN Imposes Tough New Sanctions

by Rajiv Biswas, Asia Pacific Chief Economist for IHS Markit The United Nations Security Council passed Security Council Resolution 2371 on 5 August to impose tough new economic sanctions on...

North Kalimantan Govt: We Need Sustainable Economy

JAKARTA (TheInsiderStories) - As a new and the youngest province in Indonesia, North Kalimantan needs big investment, especially infrastructure to accelerate the development. However, the North Kalimantan try to make...

Kroll : Intra-regional M&A drives competition and integration in the ASEAN

In 2016, ASEAN saw 534 deals worth US$57.9bn; Q1 2017 kept momentum with 118 deals worth US$14.7bn JAKARTA (TheInsiderStories) – In Q1 2017, the ASEAN recorded 118 deals worth US$14.7bn,...

Moody’s upgrades Chandra Asri to Ba3; outlook stable

Singapore, August 03, 2017 -- Moody's Investors Service has upgraded the corporate family rating (CFR) of Chandra Asri Petrochemical Tbk (P.T.) to Ba3 from B1. The outlook on the ratings is stable. RATINGS...

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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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