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Hongshi Cement’s Indonesian Expansion: Kobexindo & Beyond

Debate over development of Nusantara, the new capital city in Penajam Paser Utara, East Kalimantan province, escalated in recent days. Some questioned the government’s inconsistency in granting permit to PT Kobexindo Cement and its Chinese partner Hongshi Holding to build cement factory in the nearby Kutai Timur Regency.

Business

Hongshi Cement’s Indonesian Expansion: Kobexindo & Beyond

Debate over development of Nusantara, the new capital city in Penajam Paser Utara, East Kalimantan province, escalated in recent days. Some questioned the government’s inconsistency in granting permit to PT Kobexindo Cement and its Chinese partner Hongshi Holding to build cement factory in the nearby Kutai Timur Regency.

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Stocks in Asia Trade Mixed

Major bourses in Asia were mixed on Wednesday as investors await a key Fed decision later in the day. Shares in Japan briefly hit a 1-year low, due to an expansion of a quasi-state of emergency following a record of new...

Dollar Muted Ahead of Fed Decision

The dollar index held near 2-week highs around 96 on Wednesday, but remained relatively subdued as investors looked ahead to the Federal Reserve meeting and press conference to gain some clarity on policy direction. The Fed is...

Japan Leading Index Revised Upward

The index of leading economic indicators in Japan, which is a gauge of the economy a few months ahead and is compiled using data such as job offers and consumer sentiment, was revised higher to 103.2 in November 2021 from a...

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Profiles

Suryagen & People behind

Indonesia and Singapore have agreed to cooperate in the development of renewable energy projects in the country. Two groups are widely mentioned in this context. First, a group of PT Trisurya Mitra Bersama (Suryagen)-PLN Batam-SembCorp Industries. The second is a partnership between Medco Power (MEDP), Gallant Venture Ltd (Salim Group), and PacificLight Energy.

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