Foreign investors, used to double-digit returns from Indonesian stocks, are suddenly deserting equities in favour of bonds following a sovereign rating upgrade and the central bank’s signal that it’s open to more interest rate cuts to spur growth.
When European Central Bank President Mario Draghi gives his policy update later Thursday, his words will reverberate halfway across the world in the tropical climes of Indonesia.Where once the Federal Reserve’s policy outlook was the biggest swing factor for policy makers in Jakarta, an influx of yield hungry European investors is changing all that.
Indonesian Muslims protested outside the Myanmar embassy in Jakarta on Wednesday demanding an end to violence against the country’s Rohingya Muslim minority.Thousands of demonstrators, many in white Islamic robes and skullcaps, walked through the capital’s streets to converge outside the embassy in downtown Jakarta.Persecution of the Rohingya, reviled as illegal immigrants and mostly denied citizenship in Myanmar, has been a lightning rod for anger in Indonesia and across the Muslim world.Pro
Nearly 168,000 Rohingyas have fled Myanmar in the last five years as a result of violence and desperation, according to a new report on forced displacement in South-East Asia published by the UNHCR (UN Refugee Agency). Many Rohingyas seek help by fleeing into neighbouring countries like Bangladesh and Malaysia.
Malaysia celebrates the 60th anniversary of its independence from the British Empire on August 31, 2017. For sixty years, this proud Southeast Asian nation has adopted its own currency that is known today as the ringgit. Following the story and the origins of the ringgit, The ASEAN Post met with a Malaysian currency collector in the outskirts of Kuala Lumpur - the capital city of Malaysia.
Malaysia celebrates the end of the 29th Southeast Asian Games (SEA Games) with a glittering, colourful and sparkling closing ceremony at the National Stadium in Bukit Jalil. The biennial games, also known as Kuala Lumpur 2017, ran between August 19 and 30, 2017. The game coincides with the celebration of Malaysia’s 60th Independence Day. It is the sixth time that Malaysia has hosted the biennial competition.
As Freeport-McMoRan celebrates an arrangement to end a multi-year dispute with Indonesia over the giant Grasberg mine, investors are fretting over the costs.Shares in Phoenix-based Freeport fell the most among mining peers on Tuesday after the company said it reached an “understanding” with the government of Indonesia that will allow it to continue to operate its flagship copper-and-gold asset through 2041.Under the terms of the deal, Freeport will divest an additional 41.64 percent of PTFI,
US mining giant Freeport-McMoRan said Tuesday it had agreed to divest a 51 percent stake in its Indonesian unit, bringing an end to a fierce standoff with the country's government over mining rights.The agreement will allow the firm to continue operating its vast copper and gold mine in Indonesia's Papua province until 2041, but requires it to build a smelter and to give the government a majority stake in the operation."We have agreed to increase Indonesian owners from the curr
The Indonesian flag caused an uproar over the weekend when the SEA Games 2017 official booklet had placed the bicolor flag upside down. Introduced on August 17, 1945, the national flag of Indonesia was instituted as the nation's symbol for courage and purity. The red and white colours are a symbolic representation of the nation's struggle for independence.
