Category: News Group

Stocks markets in Asia retreated on Tuesday afternoon, after the World Health Organization (WHO) announced Monday that it was convening an emergency meeting on the coronavirus that spread quickly across China. At the same time,...

The Bank of Japan (BoJ) left its key short-term interest rate unchanged at -0.1% during its January meeting, and kept the target for the 10-year Japanese government bond yield at around 0%. At the same time, policymakers revised...

The People’s Bank of China left its benchmark 1-year Loan Prime Rate (LPR) unchanged for the second consecutive month at 4.15% on January 20th 2020. The 5-year LPR, generally used for new mortgage loans, was also left on...

REL Oil and Gas Pte Ltd (REL), a wholly owned subsidiary of the Singapore-based Eneco Energy Ltd plans to divest 100% participating interest in the West Jambi block, located onshore South Sumatra. RISC A&D Pty. Ltd., has...

Stock markets in Asia were mixed on Monday, after the People’s Bank of China maintained the one-year loan prime rate (LPR) unchanged at 4.15% for January. The five-year LPR was also left unchanged at 4.80%. The Shanghai...

Oil prices soared on Monday after two crude production bases in Libya started shutting down amid a military blockade. Also, heightening tensions in the Middle East and a production halt in North Africa weighted on sentiment....

Taiwanese state-owned oil refiner CPC Corp. is committed to investing US$22 billion for the development of the Balongan petrochemical refinery. In 2018, the company and Indonesia’s oil and gas holding PT Pertamina has signed a...

The government is ready to build a hydroelectric power plant in Maung Banjar Negara, Central Java after received an investment injection of US$650 million from South Korea’s power generation industry, Korea Southern Power Co.,...

Indonesian car sales dropped 10.8% during 2019 amid the weak demands and other factors. The car manufacturer association (Gaikindo) reported, the producer only sold 1.03 million units from a year ago 1.15 million cars. In...

The Chinese economy advanced 6.0% year-on-year in the December quarter of 2019, the same as in the previous quarter. This remained the weakest growth rate since the first quarter of 1992, amid trade pressure from the US and...

Major stock markets in Asia were mixed on Friday after official data showed Chinese economy grew 6% yoy in Q4 2019, matching market expectations. For full 2019, the economy advanced 6.1%, the slowest pace in 29 years but remains...

Hacktiv8, a “Bootcamp” school based in Jakarta, announced has raised a US$3 million Pre-A series round led by East Ventures, said the company on Wednesday (Jan 15). Joined with the deal are Sovereign’ Capital, SMDV, Skystar...