Indonesia Morning News For April 20

Indonesia Morning News For April 20

PowerChina to build hydropower plants for $17.8 billion Power Construction Corporation of China (PowerChina) has signed a memorandum of understanding (MoU) with PT Indonesia Kayan Hydropower Energy to jointly build hydropower plants with a total investment of US$17.8 billion on the Kayan River in North Kalimantan. — The Jakarta Post By End of March, IDR185,60 […]

Philippines Morning News For April 20

Philippines Morning News For April 20

Philippines’ GSIS defers U$$384 million land auction The Philippines’ state-run Government Services Insurance System (GSIS) has deferred plans to auction off its Port Area property, prime real estate in the Manila Bay area. — Asia Asset Management Government to build P5-B bus terminal beside Philippine Arena The Duterte administration has taken another measure to address […]

Indonesia Morning News For April 19

Indonesia Morning News For April 19

Indonesia seeks to limit cash transactions to fight bribery Indonesia’s government has proposed a law to parliament to limit cash transactions to curb bribery and money laundering in Southeast Asia’s biggest economy, the head of the country’s anti-money laundering watchdog said on Wednesday. — Reuters West Java has largest number of officials charged with corruption […]

Philippines Morning News For April 19

Philippines Morning News For April 19

Duterte spooks foreign investors with tax ‘sword of Damocles’ Philippine President Rodrigo Duterte’s administration received an impassioned plea from within its ranks on the night of April 11. — Nikkei Asian Review (metered paywall) Philippine Business Bank raising P5 B for capital expenditure Philippine Business Bank (PBB) hopes to raise P5 billion as it continues […]

Indonesia Morning News For April 18

Indonesia Morning News For April 18

Indonesia expected to drop 264t rupiah worth of infrastructure projects Indonesia’s chief economic minister said on Monday that 14 infrastructure projects, worth 264 trillion rupiah (S$25.1 billion), are expected to be dropped from the government’s strategic development plan due to lack of progress. — The Business Times Rp2.3 billion allocated to help homeless, beggars: Ministry […]

Philippines Morning News For April 18

Philippines Morning News For April 18

Philippines: PLDT to sell part of its Rocket Internet stake for $202m PLDT Online Investments, an indirect subsidiary of listed telco giant PLDT, has accepted a public share purchase offer by Germany’s Rocket Internet SE, according to a disclosure. — Deal Street Asia Cebu Pacific invests $25 million for training of future pilots GOKONGWEI-LED Cebu […]

Indonesia Morning News For April 13

Indonesia Morning News For April 13

Pertamina to give victims’ families Rp 200m State-owned oil and gas company PT Pertamina plans to give the families of five people who were killed in a recent Balikpapan oil spill in East Kalimantan Rp 200 million (US$14,521) for compensation. — The Jakarta Post Indonesian tin mining company invests $26 million in Nigeria Indonesian tin […]

Philippines Morning News For April 13

Philippines Morning News For April 13

World Bank sees 6.7% PH growth The World Bank sees the Philippine economy growing by 6.7 percent this year and next, similar to the pace of expansion last year, amid expectations of strong growth prospects across the region. — Philippine Daily Inquirer China lends P3.14B for Chico river irrigation project The Philippine and Chinese governments […]

Indonesia Morning News For April 12

Indonesia Morning News For April 12

ADB Puts GDP Growth Forecasts for Indonesia at 5.3% in 2018 & 2019 The Asian Development Bank (ADB) stated in its Asian Development Outlook (ADO) report, which was released on Wednesday (11/04), that it expects the Indonesian economy to expand by 5.3 percent year-on-year (y/y) in 2018 and 2019 on the back of rising investment […]

Philippines Morning News For April 12

Philippines Morning News For April 12

Philippines in ‘golden age’ of growth – ADB The Philippines is experiencing a unique period of growth and is expected to continue along that path in the short term, according to the Asian Development Bank (ADB). — Rappler PAL posts P4.6-B loss as fuel, rental costs rise FLAG carrier Philippine Airlines (PAL) swung to a […]

Indonesia Morning News For April 11

Indonesia Morning News For April 11

Indonesia’s Lion Air buying 50 Boeing 737’s in $6.2 bn deal Indonesia’s Lion Air is buying 50 Boeing 737 MAX 10 airplanes in a deal valued at about $6.2 billion, the firms said Tuesday, as the carrier looks to cash in on a transport boom in the Southeast Asian nation. — Gulf Times Indian tourist […]

Philippines Morning News For April 11

Philippines Morning News For April 11

$9.5B in Chinese investment deals to create 10,800 PH jobs President Rodrigo Duterte on Tuesday witnessed the signing of an estimated $9.5 billion worth of investment agreements with Chinese businessmen, which could generate some 10,800 jobs for Filipinos. — Philippine Daily Inquirer Airline swings to loss on high fuel cost Philippine Airlines reported a net […]

Indonesia Morning News For April 10

Indonesia Morning News For April 10

Maybank Indonesia Set to Distribute Cash Dividends worth IDR360.8 Billion PT Bank Maybank Indonesia Tbk has held the Annual General Meeting of Shareholders (AGMS) and Extraordinary GMS (EGMS) in Jakarta. — Netral News Uber’s exit in Indonesia sets off driver hunt by Grab and Go-Jek The departure of ride-hailing company Uber Technologies from much of […]

Philippines Morning News For April 10

Philippines Morning News For April 10

Duterte earmarks P2-billion for Boracay under state of calamity, junks casino PRESIDENT Rodrigo Duterte said he would place Boracay Island under a state of calamity to release P2 billion in calamity funds for workers and residents hurt by the six-month closure, adding he would not also allow any casino to be built in the world-famous […]

Indonesia Morning News For April 9

Indonesia Morning News For April 9

GATF Day 2, Garuda Books Hundreds of Billions Transaction Value PT Garuda Indonesia again held the Garuda Indonesia Travel Fair (GATF) 2018 at Jakarta Convention Center, Senayan, South Jakarta. As of Saturday April 7, 2018, Garuda Indonesia has recorded transactions valued approximately IDR 200 billion. — Tempo.co Pertamina Oil Spill May Lead to Possible Ecological […]

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