Asian shares edged lower in early trading on Tuesday, taking their cues from a modestly lower day on Wall Street as U.S. crude oil prices slid, Reuters reported. Nymex’s crude oil rose 0.27% to US$40.17 per barrel in Asian...
Read MoreThe Ministry of Finance reported that investors’ appetite to invest in Indonesia’s Islamic retail bonds or Sukuk was growing. The incoming bids surpassed the offering, such as the retail sukuk (SR008 series) with...
Read MoreAsian stock markets went into deep red territory on Wednesday (Jan. 20). Japan entered a bear market. The Nikkei 225 Index plunged 3.71%. Singapore’s benchmark Straits Times Index hit a more than four-year low after declining nearly 3%, while Philippine stocks dropped to a near-oversold level after falling 1.53%.
Read MoreThe Government can say whatever it wants about alcoholic beverage, but the fact to the matter remains that several government institutions are direct and indirect benefactors of alcoholic beverage businesses. The most glaring...
Read MorePresident of Italy Sergio Mattarella met with President Joko “Jokowi” Widodo on Monday (Nov. 9). Both men signed contracts worth US$1.05 billion in four sectors: logistics, energy, infrastructure, automotive. Jokowi...
Read MoreState gas distributor PT Perusahaan Gas Negara (PGN) Tbk (PGAS) reported 48.2% drop in profit attributable to equity to US$306.32 millionfor the first nine months to September of 2015 period, from US$591.8 million profit in the corresponding period of 2014. Revenues also declined 10.7% to US$2.14 billion from previous US$2.39 billion.
Read MoreInvestment realization for the third Quarter/Q3 (July-September) of 2015 reached Rp140.3 trillion, a 17-percent increase from the third quarter of 2014, the Indonesia Investment Coordinating Board (BKPM) reported Friday last week.
Read MoreAfter getting crushed, falling by more than 1%, on Monday morning (June 22), Gold rose 0.23% to US$1,186.80 per ounce this morning. It’s now back below the key $1,200 level that it crossed on Thursday last week, following...
Read MoreThe Indonesian House of Representatives (DPR) had agrees to accept former President Susilo Bambang Yudhoyono’s last key pieces of legislation—the Perppu 1/2014 and the Perppu 2/2014—into law. Both Government Regulation in Lieu of Law were meant to modify the previously enacted Regional Elections Law (UU Pilkada) that eliminated the people’s right to directly vote for the governor/regent/mayor of their choosing, and consequently transferred that right to the regional representatives at the level of province/municipality/regency DPRD.
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