Apr 18, 2016 | Industries, Market
The World Bank and the International Monetary Fund (IMF) have predicted that the global growth would continue to disappoint this year given several substantial downward risks. In their Spring Meetings 2016 held on Saturday last week, the World Bank and the IMF...
Apr 18, 2016 | Industries, Market
The central bank (Bank Indonesia/BI) announced on Friday (April 15) that it would adopt a new monetary tool per 19 August 2016, i.e., is to replace the existing BI rate which is considered too inefficient to influence market liquidity as it is not directly tied to...
Apr 18, 2016 | Industries, Market, News Group
Tumbling crude oil futures dragged down Asian shares on Monday after producers’ weekend talks failed to agree a plan to curb the global supply glut, and Tokyo shares dropped as investors assessed the impact of a devastating earthquake in southwestern Japan,...
Apr 17, 2016 | Industries
International finance firms continued to show their strong interest in funding education industry in Indonesia. This time, we’re talking about new loan facilities provided by International Finance Corporation (IFC), an investment arm of World Bank, to Atma Jaya...
Apr 17, 2016 | Industries, Market
Bentoel International (RMBA), the fourth largest cigarette producer in Indonesia controlled by British American Tobacco (BAT), plans to issue 36.84 billion new shares, which could significantly heating up competition between four major players in the industry. Portion...
Apr 15, 2016 | Industries, Market
Government of Singapore Investment Corp (GIC) has decided to enter into partnership with Argo Manunggal Group in the development of logistics warehouse in Indonesia. This is the second major investment commitment from GIC year-to-date. GIC said in a statement today...
Apr 15, 2016 | Industries, Market
UK Export Credit and Finance has expressed its interest to provide US$1 billion of financing to support infrastructure projects built by state-owned companies. Germany’s KfW, meanwhile, offers financing for electricity, transportation, and other infrastructure...
Apr 15, 2016 | Industries, Market, News Group
SGX-listed Golden Energy and Resources Limited (GEAR) reported a net loss of approximately U$8.15 million in 2015 as compared to a net profit of approximately US$10.82 million in 2014. The Group recorded lower revenue of US$359.77 million, as compared to US$435.95...
Apr 15, 2016 | Industries, Market
On Wednesday, the International Monetary Fund (IMF) reported that in the context of fragile and uneven global economic recovery, a comprehensive policy response was needed to reduce vulnerabilities and improve growth prospects. Most countries, the largest in emerging...
Apr 15, 2016 | Industries, Market, News Group
Asian stocks were off to a subdued start on Friday as caution toward a weekend meeting of oil producers tempered risk sentiment, while the dollar’s advance slowed in wake of soft U.S. inflation data, Reuters reported. Oil prices have pulled back from recent...
