The U.S.-China trade escalation has taken a toll on Asian stocks for much of 2018. Suresh Tantia, investment strategist at Credit Suisse, told CNBC he sees investment opportunities in China, Singapore and Indonesia. Asian stocks have been hit by waves of uncertainty this year, stemming from the escalating trade tensions between the U.S. and China.
Malaysian palm oil imports from neighbouring producer Indonesia almost doubled in the past month and the import trend looks set to extend throughout November, despite local stocks that are near historical highs, industry sources said. Traders, analysts and importers told Reuters that high output and inventories are forcing Indonesian sellers to lower prices of the edible oil as demand remains weak, making the shipments cheaper than Malaysian oil even with shipping costs. Malaysian palm oil imports (MYPOMI-PO), which are typically around 40,000-60,000 tonnes a month, touched a three-year top of 117,269 tonnes in October, based on the latest government data.
State-owned Semen Indonesia is raising US$1.25bn through a bridge loan for its proposed acquisition of the local business of Swiss company LafargeHolcim, catapulting Indonesia to the centre of event-driven financing activity in Asia. One tranche will fund the purchase of LafargeHolcim's 80.6% stake in Holcim Indonesia and the other a mandatory tender offer for the remainder. The borrowing is Semen Indonesia’s first outing in the offshore loan markets in two years and the second sizeable M&A financing from Indonesia this month.
Asian stocks have been hit by waves of uncertainty this year, stemming from the escalating trade tensions between the U.S. and China. "Asian markets are down 15 percent this year because of the U.S.-China trade dispute and concerns about (an) economic ... slowdown," Suresh Tantia, investment strategist at Credit Suisse, told CNBC's "Street Signs" on Friday. Asian economies will "definitely" experience a slowdown next year, he added. The MSCI Asia ex-Japan index has fallen more than 20 percent from its 2018 highs, and Tantia is seeing opportunities amidst the turmoil. "I like Asian markets because I think there's a big divergence between fundamentals and prices," he said. "Prices have moved far
An Indonesian woman who exposed her cheating boss has been slapped with a six-month jail term for her trouble. The supreme court's shock ruling overturned an earlier court decision that had cleared the woman, Baiq Nuril Maknun, of breaking a controversial law against spreading indecent material. "I'm saddened and shocked by this sentence," Maknun's husband Lalu Muhamad Isnaini said Friday in reaction to the ruling, which was issued last week.
The Jakarta Composite Index climbed 1 percent to close at 6,012.35, while the Philippine Composite Index gained 1.9 percent to 7,083.34 following Thursday’s surprise increase by Bank Indonesia and a move by its Philippine counterpart to raise rates for a fifth straight meeting. “I sense a shift taking place that will be more enduring than the previous rate hikes,” said Alan Richardson, who manages an Asean equity fund at Samsung Asset Management.
It was just after dawn prayers when the caretaker at a Jakarta mosque noticed a man stealing from the donation box, prompting a furious mob to beat him to death -- for taking the equivalent of $130. The lynching was one of hundreds of vigilante killings across Indonesia in recent years, highlighting a brutal trend driven by rising religious conservatism and low faith in a corruption-riddled justice system. Mob violence has also been aggravated by rapid urbanisation that brings together strangers from across the Southeast Asian nation in often poor, overcrowded neighbourhoods, raising stress levels and fuelling mistrust, observers say.
Indonesia still faces some big challenges if it is to successfully continue the building of the telecommunications infrastructure required to support a large population spread over what is a uniquely complex geography. Indonesia is ranked 17th on the Asian Telecoms Maturity Index with an Index score of 33. Indonesia is also ranked 10th in the 'Market Challengers" category out of 16 countries.
* Singapore snaps 4 straight sessions of declines * Indonesia c.bank raises benchmark interest rate * Philippine c.bank hikes rates for fifth time By Aman Swami Nov 15 (Reuters) - Most Southeast Asian ...
A safety feature added to the updated 737 Max, which was designed to prevent pilots from losing control, has been implicated by Indonesian investigators in a Lion Air jet's sudden dive into the Java Sea after taking off from Jakarta on Oct. 29. The pilots were attempting to deal with several malfunctions when the crash occurred, the investigators said.
Satan’s Slaves filmmaker Joko Anwar has signed with Paradigm Talent and Good Fear Film + Management. Satan’s Slaves was released as Pengabdi Setan in Anwar’s native Indonesia in 2017 and finished that year as the highest-grossing Indonesian film of that year. The supernatural thriller also finished its theatrical run as Indonesia’s biggest domestic horror film ever. The film has been sold in 42 countries and is now streaming on Shudder. Satan’s Slaves was produced by…
International air travel has become remarkably safe in recent years, with deadly accidents like last month's Lion Air crash in Indonesia becoming rarer.
JAKARTA, Indonesia , Nov. 14, 2018 /PRNewswire/ -- Plastics & Rubber Indonesia 2018 , the Indonesia's premiere exhibition for the plastics and rubber industry organised by PT Pamerindo Indonesia , opens ...
A man of his people, indeed. The post Indonesian president Joko Widodo gets mobbed by fans during outing to eat fried duck in Lucky Plaza appeared first on Coconuts.