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Asia Top News and Analysis Indonesia

  • BEIJING-- The World Bank cut its growth forecast for Asia on Monday in a new sign of the impact of weakening global demand and warned China's cooling economy faces the risk of a "more pronounced slowdown." The bank cut its forecast for China, the region's biggest economy, to 7.7 percent from May's 8.2 percent.

  • SINGAPORE, Oct 8- The World Bank on Monday cut its 2012 growth forecast for developing East Asia amid a slowdown in China but said economic activity in the region will likely pick up next year. The bank maintained its 2012 GDP forecasts for Indonesia and Thailand, and raised the outlook for Malaysia and the Philippines.

  • JAKARTA, Oct 8- Following is some company-related and market news that could have an impact on the local market on Monday.

  • HONG KONG, October 8- News and developments in Asia private equity from Reuters News for the week ending October 5.

  • SINGAPORE, Oct 8- U.S. crude eased towards $89 a barrel on Monday, as concerns over the global economy and Europe's debt crisis offset support from an unexpected drop in U.S. unemployment.

  • SINGAPORE, Oct 8- Indonesia is buying submarines from South Korea and coastal radar systems from China and the United States. Vietnam is getting submarines and combat jets from Russia, while Singapore- the world's fifth-largest weapons importer- is adding to its sophisticated arsenal.

  • BEIJING, Oct 8- China is spending $14 billion on pilot projects to turn coal in remote parts of the country into natural gas, a risky bet that could help meet the country's surging demand for the cleaner fuel.

  • JAKARTA, Oct 5- Indonesia's securities depository agency has frozen Merrill Lynch Indonesia's stock trading account, following a court order after a legal battle with an investor, a stock exchange official said on Friday.

  • *Europe Q3 cocoa grind seen falling by up to 20 pct. LONDON, Oct 5- Europe's economic crisis is nibbling away at demand for chocolate, the affordable treat once thought of as recession proof. Times are tough enough now that even the market for this modest luxury is struggling in Europe, analysts say.

  • Oct 05-=============================================================================== Summary analysis-- PT Alam Sutera Realty Tbk.-------------------- 05- Oct-2012=============================================================================== CREDIT RATING: B/Stable/-- Country: Indonesia=============================================================================== Credit Rating History: Local currency Foreign currency 12- Mar-2012 B/-- B/--=============================================================================== Rationale.

  • JAKARTA, Oct 5- Indonesia's securities depository agency has frozen Merrill Lynch Indonesia's stock trading account, following a court order after a legal battle with an investor, a stock exchange official said on Friday.

  • Oct 05- Fitch Ratings says in a new report that Indonesia's external finances came under strain in recent months but it does not believe this has weakened the credit profile materially.

  • BANGKOK, Oct 5- Most Southeast Asian stock markets gained on Friday, with Indonesia hitting an all-time closing high for a second day and Singapore ending at a two-month high, led by commodities-related stocks such as Golden Agri-Resources. Palm oil companies were among actively traded, with Singapore's Golden Agri-Resources Ltd.

  • Oct 05- Fitch Ratings has assigned a rating' A-' for debt proposal PT Aneka Gas Industries, which consists of the £ 200 billion bail bonds and USD 300 billion sukuk ijara, both of which will mature in 2017..

  • BANGKOK-- Better-than-expected U.S. economic data helped boost stock markets Friday ahead of a monthly report on employment in the world's top economy. Government figures showing the number of Americans seeking unemployment benefits for the first time rose to 367,000 last week.

  • Oct 05- Fitch Ratings has assigned Indonesia- based PT Aneka Gas Industri's proposed IDR200bn secured bond and IDR300bn sukuk ijarah bond, both due in 2017,' A-' ratings. The sukuk bonds follow an "ijara" structure and, together with the secured bond, are similar to AGI's IDR160bn Islamic bond and IDR80bn bond I issued in July 2008.

  • SINGAPORE Oct. 5, 2012-- Standard& Poor's Ratings Services said today that it had raised its long-term corporate credit rating on Indonesia- based plantation company PT Bakrie Sumatera Plantations Tbk. and its subsidiary Agri International Resources Pte. Ltd. to' CCC' from' CCC-'.

  • Japan's Nikkei 225 index was 0.2 percent higher to 8,844.93 after the Bank of Japan announced no change in the country's key interest rate following a two-day policy meeting. Benchmarks in Singapore, Indonesia and New Zealand rose.

  • fell 4.5 percent in August, the biggest year-on-year drop in nearly three years, on weaker demand in the European Union and China, and imports rose less than expected, threatening the growth prospects of the Southeast Asian nation.

  • RHB Research has increased its target price on Axiata Group Bhd to 7.15 ringgit from 6.60 ringgit after updating its valuation paramaters on the company. Sri Lanka and Bangladesh may be suitable for consolidation due to the market's overcrowding, it said. STOCKS NEWS MALAYSIA- Kenanga raises KLCC Property's target price.