Category: News Group

Energy holding company, PT Pertamina has establised a new sub-holding for shipping, PT Pertamina International Shipping by integrating assets and shipping business lines. Currently, the new sub-holding having six ports, five...

BP Indonesia prepares an investment values of US$4 billion for Ubadari field to explore proven gas reserves in the block. BP plans to develop Ubadari field to support Tangguh LNG refinery and and Carbon Capture, Utilization and...

Sales volume of cement producers in Indonesia showed an improvement in the first quarter (Q1) of 2021. State cement maker Semen Indonesia (SMGR) reported that sales volume increased 2.1% to 9.69 million tons (MT) year on year...

Bibit.id, a digital investment app in Indonesia, has raised US$65 million of funding from Sequoia Capital India, joined by Prosus Ventures, Tencent and Harvard Management Company. Existing investors including AC Ventures and...

Financial technology (FinTech) firm, PT Amartha Mikro Fintek, received new funding worth US$28 million led by Women’ World Banking Capital Partners (WWB) II together with PT MDI Ventures. The funding round is also supported by...

The economy of Hong Kong grew 7.8 percent year-on-year during the first three months of 2021, rebounding from a downwardly revised 2.8 percent decline in the prior period, advance estimates showed. It was the fastest pace of...

Major stock markets in Asia rose on Tuesday, amid strong earnings momentum and signs that the US manufacturing sector continued to grow in April. The ASX led the gains after the Reserve Bank of Australia reaffirmed its...

Gold prices consolidated above the $1,780 an ounce level on Thursday after the US Federal Reserve reiterated its ultra-accommodative monetary policy, which also spooked investors away from the dollar. Fed officials left rates...

Oil prices rose on Thursday after jumping 1% in the prior session, amid a narrative of a recovery in US oil demand. EIA data showed the US crude oil inventories edged up 0.09 million barrels in the April 23rd week, after a 0.594...

Major stock markets in Asia mostly rose on Thursday after US President Joe Biden proposed a sweeping new $1.8 trillion plan aimed at families on Wednesday. Traders also welcomed the US Fed’s decision to stay dovish and...

The Federal Reserve is expected to keep monetary policy unchanged during its April 2021 meeting, with the fed funds rate at 0-0.25% and bond-buying at a $120 billion monthly pace. Fed Chair Powell is unlikely to provide any...

Oil prices rose on Wednesday, amid optimism about rising global demand on the back of a robust global recovery. Sentiment was also supported by reports that the Biden administration was easing travel restrictions on Chinese and...