Tag: Indonesia
3 Fast Facts on Maynilad’s Joint Venture Deal with Moya Indonesia
Maynilad Water Services Inc (Maynilad), the private firm managing the water services of the western zone of Metro Manila in the Philippines, has signed...
Garuda Indonesia Posts Strong Net Income Growth in Q3
Indonesia’s flag carrier, Garuda Indonesia (IDX:GIAA), posted net income of US$19.6 million during the third quarter of this year as an outcome of the...
Indonesia’s Wintermar Offshore Marine Posts 197% Profit Rise in 9 Months
Wintermar Offshore Marine (IDX:WINS), an Indonesian offshore marine services firm, has posted profit growth of 197%, year-on-year, to USD7.1 million in the first nine...
Philippines to Participate in 2nd Asean Insurance Summit
The Insurance Commission, together with the insurance industry players in the country, will join the insurance regulators, leaders, policymakers and practitioners from the different...
Indonesia’s LiveWell Global To Meet Korean Beauty Firms for Opportunities
JAKARTA - LiveWell Global (LWG) - an Indonesian company which focuses on offering health and beauty products - is scheduled to meet with some...
INAGRITECH 2016 Opens in Jakarta This Week
INDONESIA - About 250 exhibitors and 15,000 trade visitors from 15 countries have signed up to attend the 4th Indonesia International Agricultural Machinery, Technology...
Manulife Names Indren Naidoo as Indonesia CEO
Manulife Indonesia has announced the appointment of Indren S. Naidoo as the new Chief Executive Officer in Indonesia.
Based in Jakarta, Indren will be responsible for leading the...
Chubb Names New Indonesia General Insurance Head
Publicly traded property and casualty insurer Chubb has named Tai-Kuan Ly as its new president director in Indonesia.
Ly will head Chubb’s general insurance operation...
Foreign Workers in Indonesia Ordered to Sign Up for State Insurance
The Indonesian government has ordered all companies in the country that are employing foreigners to have their workers covered by state insurance program.
Manpower Minister...
Company Shares of Aboitiz Power Corporation (PSE:AP) Up In Early Trading
PHILIPPINES - Aboitiz Power Corporation (PSE:AP)'s stock inched higher in the opening hour at the Philippine Stock Exchange (PSE) on news that it has...
Aboitiz Power’s Stock Gains on Indonesia Acquisition Report
Aboitiz Power Corporation (PSE:AP)'s stocks inched up on Monday's trading session on news that it has acquired a participating interest in a 110-megawatt geothermal...
Indonesia Plans Lowering Corporate Income Tax in 2017
INDONESIA - The Indonesian government announced plans to trim the country's corporate income tax rate in 2017, a move seen by analyst as among...
Indonesia Closely Monitoring Insurance Industry
Indonesia's Financial Services Authority (OJK) revealed that it was closely monitoring the country's insurance industry, especially the industry's exposure to bonds and stocks.
Authority head...
Briefly: Indonesia To Allow Higher Foreign Stakes in Local Banks
From the current limit of 40 percent, Indonesia's Financial Services Authority has hinted that it is open to lifting the curb and allowing a...
S&P Revises Indonesia’s Sovereign Credit Outlook to Positive
INDONESIA - American financial services firm Standard and Poor's (S&P) revised Indonesia’s rating outlook from Stable to Positive and affirmed the rating at BB+.
The...
Hanwha Life of Korea To Double Number Of Financial Consultants in Indonesia
JAKARTA, INDONESIA – South Korea’s first life insurance company, Hanwha Life Insurance, is seeking to hire 650 new financial consultants in Indonesia within this...
Philippine President to Personally Appeal Veloso’s Execution in Indonesia
MANILA, PHILIPPINES - Philippine President Benigno Aquino III vowed to personally appeal the case of Mary Jane Veloso, the 30-year-old Filipina who is in...
Indonesia Sentences American Couple From Chicago for Mother’s Murder
JAKARTA, INDONESIA - An Indonesian court has sentenced to 10 years and 18 years in prison an American couple, from the state of Chicago,...
Execution of Australian Bali Nine Members to Push Through, Indonesian Court Says
INDONESIA - Despite Australia's appeal for clemency for the planned executions of two Australian drug smugglers, who are members of the Bali Nine, an...
