10:58 pm March 27, 2015 | No Comment
Sinar Mas Group, a diversified conglomerate owned by tycoon Eka Tjipta Widjaja, secured $1.5 billion in loans from Chinese financial firms, as President Joko Widodo continues to foster business ties between Indonesia and China during a four-day visit to the world’s second largest economy.
10:49 pm March 27, 2015 | No Comment
The Indonesian unit of UK-based Aberdeen Asset Management plans to start offering its signature mutual fund for retail and institutional investors in the next quarter, as it embarks on a path to serve the local market and become one of Indonesia’s 10 largest mutual funds by 2020.
10:46 pm March 27, 2015 | No Comment
The Financial Services Authority, known as OJK, on Friday launched its branchless banking service as part of the government’s efforts to attract more customers, especially in rural areas.
10:33 pm March 27, 2015 | 7 Comments
Alcohol can be a hard sell in Indonesia, which has more Muslims than any other country. It’s about to get a whole lot tougher.
8:15 pm March 27, 2015 | No Comment
Lippo Karawaci, Indonesia's biggest listed property developer, posted a record profit in 2014 on the back of a mall asset sale and recurring revenue from malls and hospitals, setting a strong foot hold for further growth this year.
8:05 pm March 27, 2015 | No Comment
Buhler Indonesia, the local arm of Swiss industrial machinery company Buhler, opened its first food-processing trial facility, in Tangerang, outside Jakarta, to serve growing demand in the country.
7:33 pm March 27, 2015 | No Comment
Four months after Chinese equity investors got unprecedented leeway to send their money outside mainland markets, the only thing they seem interested in buying is more Chinese shares.
7:10 pm March 27, 2015 | No Comment
Standard Chartered’s Paul Horsnell forecasts oil will rise to $90 a barrel in the fourth quarter. Bank of America Merrill Lynch’s Francisco Blanch predicts $58. Six months ago, they were just $1 apart.
6:36 pm March 27, 2015 | No Comment
Japan remains cautious about joining the China-led Asian Infrastructure Investment Bank, or AIIB, Finance Minister Taro Aso said on Friday, as a March 31 deadline draws near for becoming a founding member.
6:28 pm March 27, 2015 | No Comment
A $50 portable media player is providing many North Koreans a window to the outside world despite the government’s efforts to keep its people isolated — a symbol of change in one of the world’s most repressed societies.
6:07 pm March 27, 2015 | No Comment
South Korea hopes its infrastructure companies will benefit from the country joining the China-backed Asian Infrastructure Investment Bank (AIIB), the finance ministry said on Friday.
5:39 pm March 27, 2015 | No Comment
Luisa Joao sits all day in the sparse roadside shade on the outskirts of Angola’s capital, Luanda, buying US dollars with a stack of kwanzas, the local currency that she doles out from her purse.
5:24 pm March 27, 2015 | No Comment
Thailand’s two biggest industrial groups are raising their R&D spending to develop higher-end products, leading a growing troop of Thai companies under pressure to quickly evolve their low-value and increasingly uncompetitive business models.