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Country: Malaysia Tag

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05 Jan [Premium] Country Update: 19 December 2018 – 4 January 2019

Indonesia Indonesia Closes the US$3.85 billion Freeport-McMoRan Mine Deal (21 Dec 2018) Indonesia’s state-owned mine company PT Inalum took control of the local unit of Freeport-McMoRan Inc on 21 December, Friday, giving it control of the massive Grasberg copper mine. The deal hands Inalum a 51.23% stake...

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The illuminated temple of Wat Arun on the Chao Phraya river at sunset in Bangkok, Thailand

19 Dec [Premium] Country Update: 8 December – 18 December 2018

Indonesia Jokowi to Double Cash Handouts under PKH (11 Dec) Social Affairs Minister Agus Gumiwan Kartasasmita told reporters that the PKH aid programme would double in scope from US$1.3 billion to US$2.6 billion in 2019. The programme, aimed at 10 million families, will be dispersed in four...

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07 Dec [Premium] Country Updates: 24 November – 7 December 2018

Indonesia 212 Reunion Rally Turns Political (2 Dec) Hundreds of thousands of Indonesian Muslims gathered in Central Jakarta on Sunday, 2 December, to commemorate the second anniversary of widespread protests against Jakarta’s then-governor, Basuki “Ahok” Purnama. The rally also took on a political tone as Islam Defenders...

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23 Nov [Premium] Country Updates: 10 – 23 November 2018

Indonesia Surprise Rate Hike by Bank Indonesia due to Widening Current Account Deficit (15 Nov) Indonesia’s central bank surprised observers with its sixth rate hike in 2018, bringing its benchmark rate to 6%. Bank Indonesia Governor Perry Warjiyo explained that the hike was aimed at reducing the...

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09 Nov [Premium] Country Updates: 27 October to 9 November 2018

Indonesia GDP Growth – Better than Expected in the Third Quarter, but Dark Clouds Ahead Indonesia’s economy experienced 5.17% year-on-year growth in the third quarter, according to Statistics Indonesia. This is above estimates by agencies such as Reuters. However, economists foresee the growth rate weakening further due...

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