Archive for August 29th, 2020

The rise of the retail investor: A new force in Indonesia’s pandemic-hit stock market

29-Aug-2020 Intellasia | JakartaPost | 6:02 AM

Not deterred by the pandemic-induced market volatility, the number of retail investors in Indonesia’s stock market continues to rise with new investors hopeful of [...] » More

Smelters likely to be finished late because of lockdowns: Freeport

29-Aug-2020 Intellasia | JakartaPost | 6:02 AM

The development of two metal smelters by gold and copper mining firm PT Freeport Indonesia (PTFI) has fallen well behind schedule because of the pandemic-related lockdowns. [...] » More

Strong human resources can improve Indonesia’s economic growth: Jokowi

29-Aug-2020 Intellasia | JakartaPost | 6:02 AM

President Joko “Jokowi” Widodo hopes human resources development can serve as an opportunity for Indonesia to catch up with economic growth in other countries. [...] » More

Four dead, nine injured in gas explosion in North Sumatra

29-Aug-2020 Intellasia | JakartaPost | 6:02 AM

Four people are dead and nine severely injured after several LPG gas and oxygen cylinders at a welding workshop in Hamparan Perak District, Deli Serdang, North Sumatra, [...] » More

Indonesia expresses condolences over bomb attacks in Philippines

29-Aug-2020 Intellasia | JakartaPost | 6:02 AM

The Indonesian government has extended its deepest condolences to the people of the Philippines over the recent bomb attacks that killed at least 14 people and wounded 75 [...] » More

Government to raise $343m from retail sukuk SR013

29-Aug-2020 Intellasia | JakartaPost | 6:02 AM

The government launched on Friday retail sukuk SR013 to raise Rp 5 trillion (US$343 million) to fund the state budget in the face of the COVID-19 pandemic. The tradable debt [...] » More

Jakarta extends transitional PSBB period for fifth time to September 10

29-Aug-2020 Intellasia | JakartaPost | 6:02 AM

The Jakarta administration is extending the transitional period of large-scale social restrictions (PSBB) for another 14 days, beginning Friday to September 10. Governor [...] » More

BreakingviewsReview: Indonesia’s Jokowi learns limits to change

29-Aug-2020 Intellasia | Reuters | 6:02 AM

There are cruel limits to how much and how fast a nation can change. The constraints are vividly illustrated in the colourful journey of Indonesia’s Joko Widodo. There [...] » More

Indonesia’s impulsive arms trade

29-Aug-2020 Intellasia | PolicyForum | 6:02 AM

Indonesia’s impulsive attempts to purchase jet fighters has gained attention over recent months. In the latest development, Indonesian Defence minister Prabowo Subianto [...] » More

Indonesia gets UN funds to fight climate change, deforestation

29-Aug-2020 Intellasia | Reuters | 6:02 AM

Indonesia has received an injection of cash from the United Nation’s Green Climate Fund to help reduce carbon emissions and tackle forest fires at a time when the [...] » More

Please refrain from accusing govt over recent hacker attacks: Ministry

29-Aug-2020 Intellasia | JakartaPost | 6:02 AM

The Communications and Information Ministry has urged the public not to accuse the government of being behind a recent string of digital attacks against vocal critics, adding [...] » More

Vision of Indonesia 2045 hinges on ‘skilled workforce’

29-Aug-2020 Intellasia | JakartaPost | 6:02 AM

Multiple stakeholders have agreed that collaboration to provide reliable vocational training to produce a skilled workforce is needed more than ever if Indonesia wants to [...] » More

Indonesia hopes development of new capital will restart next year, investors still keen: Planning minister

29-Aug-2020 Intellasia | CNA | 6:02 AM

Indonesia hopes the development of its new capital will restart next year, the minister in-charge of national development planning said on Thursday (August 27). The 466 [...] » More

Source: Goldman made first payment from $2.5b cash settlement to escape 1MDB charges in Malaysia

29-Aug-2020 Intellasia | Malay Mail | 6:02 AM

Malaysia has received part of the $2.5 billion that US investment bank Goldman Sachs agreed to pay for the withdrawal of criminal charges here against it over the 1Malaysia [...] » More

Genting empire keeps dividends even as casino, resorts stung

29-Aug-2020 Intellasia | Bloomberg | 6:02 AM

Genting Bhd. and Genting Malaysia Bhd. are keeping their interim dividend payments of 6.5 sen and 6 sen a share, respectively, the same as in 2019, according to stock [...] » More