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SINGAPORE (Dec 6): CGS-CIMB Securities is maintaining “neutral” on the Asean agribusiness sector as Indonesia revises its export levies on palm oil and its derivative products, following a drop in crude palm oil (CPO) prices.
SINGAPORE (Dec 5): RHB Research is maintaining “neutral” on ComfortDelGro (CDG) with an unchanged target price of $2.35, which indicates 11% upside plus 5% FY19F yield.
SINGAPORE (Nov 20): Hyflux has agreed to sell its 50% stake in PT Oasis Waters International, a manufacturer and distributor of bottled drinking water in Indonesia, for $32 million.
SINGAPORE (Nov 15): Indonesian presidential candidate Prabowo Subianto will slash corporate and personal income taxes if he comes to power, part of a plan to compete with low-tax neighbors like Singapore in luring more investment to Southeast Asia’s big
(Oct 5): Indonesia plans to require online merchants to own tax identification numbers starting this year, part of efforts to boost revenue and improve compliance in the fast-growing e-commerce industry.
SINGAPORE (Sept 17): The Ascott Limited, CapitaLand’s serviced residence business unit, is investing about US$26 million ($35.8 million) for a 70% stake in Green Oak Hotel Management, the holding company for Tauzia Hotel Management.
SINGAPORE (Sept 7): United Overseas Bank and Indonesia’s Investment Coordinating Board (Badan Koordinasi Penanaman Modal, or BKPM) have reaffirmed their joint commitment to promote foreign direct investments (FDI) into Indonesia.
SINGAPORE (July 16): Shares of Indonesia coal miner BlackGold Natural Resources have slumped some 32% as at 3.20pm, after allegations of corruption by Indonesia’s anti-graft agency over the weekend.