Category: News Group

PT Industri Kereta Api (INKA) and PT Kereta Api Indonesia (KAI) together with Swiss’ company train manufacturer Stadler Rail AG has formed a joint venture company (JVC) to build a rolling stock factory in Banyuwangi, East Java....

The Indonesian Investment Coordinating Board (BKPM) signed an agreement with Korea Overseas Infrastructure & Urban Development Corporation (KIND) to explore the potential investment in the field of infrastructure and urban...

The Shanghai Composite index fell 29 points, or 1% to 2,977 on Monday, as investors monitor trade developments between Washington and Beijing after Chinese officials unexpectedly cancelled a planned visit to farms in Nebraska...

Indonesia and the United Arab Emirates (UAE) are exploring plans to establish a sovereign wealth fund (SWF) which will be a pooling of investment from various countries of up to US$10 billion, officials said today. The fund can...

Japan’s consumer price inflation fell to 0.3% year-on-year in August 2019 from 0.5% in the previous month. It was the lowest inflation rate in six months, amid a slowdown in food and fuel, electricity and water prices and...

China’s one-year loan prime rate (LPR) was set at 4.2% in September 2019, down from 4.25% in the previous month, the People’s Bank of China (PBOC) said in a statement on its website. The decision came after the...

Julo, a lending platform based in Indonesia, has extended its Series A funds to US$15 million as the scale businesses rocketed. To date the startup has pocketed funs $16 billion from global investors. Based on TechCrunch...

The Bank of Japan (BoJ) left its key short-term interest rate unchanged at -0.1% at its September meeting, as widely expected, hours after the Federal Reserve lowered rates for the second time this year. Policymakers also kept...

Bank Indonesia (B.I.) reduced its 7-day reverse repo rate by 25bps to 5.25% during its September meeting, in an attempt to boost economic growth amid low inflation expectations. It was the third straight cut in three months,...

The Euro Area current account surplus narrowed to EUR 29.8 billion in July 2019 from EUR 30.2 billion in the corresponding month of the previous year and compared with market expectations of a EUR 26.2 billion surplus. The...

National car sales dropped 11.54% to 90,403 units in August 2019 from 102,197 units in the same month of 2018. Cumulatively, the car sales during January–August 2019 rose 13.5% to 660,286 units from 763,444 units in the same...

Nuclear power firm ThorCon International Pte. Ltd., committed to allocate funds of Rp17 trillion (US$1.21 billion) to develop nuclear power plants in Indonesia. But, to realize the planned, the Company asked for legal certainty...