From weddings to funerals and iPhones to cars, emerging middle-class consumers in Makassar and Indonesia’s other booming second-tier cities are increasing their spending, and investors are stepping up their efforts to exploit these fast-growing and relatively untapped markets. The FT reports.
BANGKOK-- Asian stock markets rose Thursday after an unexpectedly strong U.S. housing report renewed confidence in the world's biggest economy and the latest data from China suggested the worst of its slump is over.
Vera Eve Lim, CFO-Director, Bank Danamon Indonesia expects Indonesia's banking industry to continue its strong growth. She explains why.
First Solar Inc. and PT. First Solar said that Indonesia has an increasingly urgent need for reliable, cost-effective energy resources and the company believes the market has great potential to make solar power part of that mix. Shares of First Solar jumped $1.84, or more than 8 percent, to close at $24.09.
Ismael Pili, Head of Financials Research, Asia, Macquarie Securities said Asian banks are growing their market share even as their Western counterparts continue to deleverage.
BANGKOK-- European stocks rose and some Asian markets staged a comeback Monday as investors looked ahead to the release of U.S. earnings reports and Softbank's $20 billion deal for Sprint showed optimism amid economic turbulence.
KUALA LUMPUR, Malaysia-- Southeast Asia's top budget carrier AirAsia said Monday it has aborted an $80 million deal to buy Indonesia's Batavia Air because it will be too risky for shareholders. Our aggressive focus in Indonesia remains and we will push our Indonesian IPO plans while still maintaining close co-operation with Batavia Air. "
GENEVA, Oct 12- West African crude oil differentials were assessed slightly lower on Friday as traders reported slow sales for the remaining November cargoes due partly to Chinese refinery outages.
LONDON, Oct 12- Asian spot prices of liquefied natural gas steadied this week amid early signs that potential supply disruption from Nigeria and Indonesia may offset weak Japanese demand.
BANGKOK, Oct 12- Most Southeast Asian stocks posted small gains on Friday as large caps and stocks such as Wilmar International. The index was down 2.13 percent on the week, its worst weekly loss since May and Southeast Asia's worst performing market. Among weak spots, Malaysia eased 0.13 percent on Friday, down 0.4 percent on the week.
BALI, Indonesia-- A decade after bombs ripped through two Bali nightclubs, Friday was filled with reminders of what was lost in this tropical paradise, and what was not.
JAKARTA, Oct 12- Indonesia's Tangguh oil and gas project, operated by British energy giant BP, faces production delays that could hamper its capacity to deliver cargoes of liquefied natural gas, the state oil and gas regulator said.
JAKARTA, Oct 12- Inflation in Indonesia, Southeast Asia's biggest economy, will be lower than 4.6 percent this year, Central Bank Director Perry Warjiyo said on Friday.
Coal miner PT Berau Coal soared as much as 20 percent to 240 rupiah, following Bakrie Group's proposal to buy back its shares from London- listed parent company, Bumi Plc. Miner PT Bayan Resources Tbk jumped 9.1 percent to 12,000 rupiah and shares of Asia's biggest thermal coal exporter, Bumi Resources jumped as much as 5.55 percent to 760 rupiah.
JAKARTA, Oct 12- Indonesia's central bank will maintain the rupiah at 9,500-9,600 per U.S. dollar until the end of the year due to an economic slowdown in Southeast Asia's biggest economy, Governor Darmin Nasution told reporters on Friday. Bank Indonesia "sees and is trying to maintain and promote it so that it is at its fundamental...
JAKARTA, Oct 12- Domestic cement sales in Indonesia, an indicator of economic growth, soarded to a record high in September after dipping a month ago due to fewer working days during the Muslim festivities, data from the country's largest cement producer PT Semen Gresik Tbk.
Morgan Stanley Research said it is positive on Indonesia's cement sector as there are signs of higher infrastructure spending and as the industry's growth prospects remained intact, underpinned by higher-than-expected cement consumption in September.
*Q2 GDP revised to show q/q growth* Analysts warn Singapore could face further inflows. SINGAPORE, Oct 12- Singapore defied forecasts on Friday by keeping monetary policy tight and allowing the local dollar to appreciate at its current pace, bucking the regional trend as it warned of persistent inflationary pressures in a slowing economy.
JAKARTA, Oct 12- Following is some company-related and market news that could have an impact on the local market. SE ASIA STOCKS-Global concerns weigh; late buying lifts Bangkok, Jakarta.
EADS boss Tom Enders has been accused of being "naive" for misunderstanding the nature of Berlin's political structure and failing to approach Germany directly over the group's proposed merger with BAE Systems.