indonesia

SUTL Enterprise wins new marina management contracts in Indonesia, China

SINGAPORE (Sept 28): SUTL Enterprise is adding Indonesia and China to its ONE15 network of marinas, bringing the total from two to four.
Singapore is world’s second most competitive economy in 2016

Singapore is world’s second most competitive economy in 2016

SINGAPORE (Sept 28): Singapore has narrowly missed out on the top spot in the World Economic Forum’s (WEF) Global Competitiveness Index 2016, coming in second to Switzerland in the study involving 138 countries.

SMRT part of consortium to bid for metro rail project in Bandung

SINGAPORE (Sept 26): SMRT Corporation, as part of a consortium, is bidding for a metro rail project in Bandung city, Indonesia.

Broker's Calls

Delfi now a more delectable option to OCBC

SINGAPORE (Sept 22): OCBC Investment Research has upgraded its previous “sell” call on cocoa manufacturer and distributor Delfi to “hold” with an unchanged fair value estimate of $2.34.

Grab raises US$750 mil in latest fundraising round

SINGAPORE (Sept 20): Ride-hailing service Grab has raised US$750 million ($1.02 billion) in its latest round of fundraising, led by SoftBank as well as other existing and new investors.

CWT financial services arm to set up physical commodity exchange in Indonesia

SINGAPORE (Sept 19): Straits Financial Group, the financial services arm of CWT Limited, has obtained the regulatory licence to operate a physical commodity exchange it brands as Asia Commodity Marketplace (ACM) along with its dedicated clearing house in

Could drybulk shipping be on cusp of recovery?

SINGAPORE (Sept 19): Axia Capital Markets believes the worst is over for drybulk shipping as the demand for iron ore imports from China grew faster than expected from its stimulus programme.

‘Good progress’ on Indonesia tax amnesty, but expenditure still an issue: Nomura

SINGAPORE (Sept 19): Nomura is maintaining its 2016 fiscal deficit forecast for Indonesia at 2.9% of GDP despite noting “good progress” of the nation’s recent tax amnesty deal.

Indonesians declare $12.2 bil of Singapore assets for tax

SINGAPORE (Sept 17): Indonesians have declared 117.3 trillion rupiah ($12.2 billion) of assets held in Singapore under the government’s tax amnesty, though only a small proportion of that figure has been brought back home, Indonesia’s Finance Ministry

Broker's Calls

One-tanker Indonesian subsidiary does little for Ezion’s profits: OCBC

SINGAPORE (Sept 16): OCBC Investment Research is maintaining its “hold” call on Ezion Holdings with an unchanged target price of 30 cents, with the view that the group’s recent acquisition of an Indonesian shipping company has “little impact on ea
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