JAKARTA (Reuters) – Indonesia expects to soon sign a deal with Freeport-McMoRan to give a local partner a 12% stake in its Indonesian unit PT Freeport Indonesia, the investment minister said on Wednesday, without giving a precise date. The state mining holding company MIND ID so far owns 51% of PT Freeport Indonesia, which runs …
Indonesia expects deal soon with Freeport-McMoRan on divestment plan Read More »
By Stefanno Sulaiman JAKARTA (Reuters) -A new draft of a contentious bill dealing with Indonesia’s financial system has watered down an earlier clause allowing the parliament to dismiss the chief of the central bank, a document reviewed by Reuters on Wednesday showed. The new draft, however, still increases parliament’s role in evaluating the performance of …
Parliamentary review on central bank is watered down in new Indonesia bill Read More »
JAKARTA (Reuters) -Indonesian state energy firm Pertamina said on Wednesday private fuel retailers have yet to buy gasoline, because of concerns about fuel specification, despite thinning stocks. Last month Indonesia told private retailers to import more fuel through Pertamina after Shell, BP-AKR – the operator of BP’s fuel stations – and others ran low on …
Indonesia’s Pertamina says fuel retailers yet to buy gasoline on specification concerns Read More »
By Kitiphong Thaichareon and Orathai Sriring BANGKOK (Reuters) -Thailand’s finance minister said on Wednesday that he had urged the central bank to ensure the Thai baht is not too volatile, as the government rolled out measures to boost consumption and tourism to revive the struggling economy. The new government under Prime Minister Anutin Charnvirakul has …
Thai finance minister urges central bank to tackle baht volatility amid economic strains Read More »
By Yantoultra Ngui and Jun Yuan Yong SINGAPORE (Reuters) -Asia excluding China has attracted about $100 billion in capital inflows over the past nine months as global investors diversify beyond the United States, Kevin Sneader, Goldman Sachs’ president for Asia-Pacific ex-Japan, said on Wednesday. Japan has been a key beneficiary of the trend, while China’s …
By Jonathan Cable and Leika Kihara LONDON/TOKYO (Reuters) -Factory activity shrank in much of the world last month, private surveys showed on Wednesday, as signs of a slowdown in U.S. growth and the anticipated impact of President Donald Trump’s tariffs added to pressure from weak Chinese demand. Euro zone manufacturing slipped back into contraction as …
Factories struggle in September as soft demand in China and US take toll Read More »
By Trixie Yap SINGAPORE (Reuters) -Exxon Mobil Corp expects to cut staff numbers in Singapore by 10% to 15% and move its office to its Jurong plant on the island by the end of 2027, the company said on Wednesday, in a global restructuring effort. The steps come after the U.S. major unveiled plans on …
Exxon expects cut of 10% to 15% in Singapore workforce by end-2027 Read More »
By Yantoultra Ngui SINGAPORE (Reuters) -Sriwijaya Capital, a Southeast Asia-focused private equity firm, has raised more than $200 million for its debut fund and aims to hit a $300 million hard cap within six to 12 months, two people with knowledge of the matter said. The Singapore and Jakarta-based firm plans to take strategic minority …
KUALA LUMPUR (Reuters) -Malaysia’s Petronas Gas Berhad has received tax exemption approval from the Finance Ministry for a proposed restructuring plan that will transfer its core businesses to three wholly-owned subsidiaries, it said on Wednesday. Petronas Gas, a unit of state-owned Petronas Group, said in a stock exchange filing that the Ministry gave the go-ahead …
Malaysia’s Petronas Gas gets nod for internal reorganisation Read More »
SINGAPORE (Reuters) -Kumpulan Wang Persaraan’s Chief Investment Officer Hazman Hilmi Sallahuddin said the Malaysian pension fund is looking to increase its private market exposure to 30% from 20% in the next five years. Hazman, who spoke at the Milken Institute Asia Summit 2025 in Singapore, noted that the fund’s allocation to private markets has increased …
Kumpulan Wang Persaraan targets 30% private market allocation in 5 years Read More »
