Latest News for: Indonesia markets

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China's crackdown on ed tech cos could be India’s gain: Mark Matthews

The Times of India 28 Jul 2021
It is largely on account of China that we have seen the emerging market (EM) pack underperform the developed markets (DMs) ... Countries like Thailand, Malaysia, Indonesia have been hit badly by a same kind of second wave and their stock markets are quite solid too. So, I do not know the reason why but markets are willing to look through this.
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Shikho, an edtech startup focused on Bangladesh’s students, gets $1.3M seed

Crunch 28 Jul 2021
“I tried to understand what edtech was and why it was working in those markets and why it didn’t exist in Bangladesh,” said Chowdhury ... Indian edtech giant Byju’s to expand to international markets ... The market is primed for growth and we believe the team at Shikho is well-fit to lead the charge and take education to the next level.”.
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India, emerging markets power another record quarter for Apple

Indian Express 28 Jul 2021
We set a new June quarter revenue record of $81.4 billion, up 36% from last year, and the vast majority of markets we tracked grew double digits, with especially strong growth in emerging markets, including India, Latin America, and Vietnam.” ... TechnologyIndia, emerging markets ...
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Indonesia’s COVID-19 crisis to test fiscal discipline commitment

Metro USA 27 Jul 2021
JAKARTA (Reuters) – Indonesia’s worsening COVID-19 crisis is raising pressure on the government to lift spending and widen the budget deficit, even as rating agencies warn any loosening of the country’s hard-won fiscal discipline could bode ill for its credit ratings.
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Indonesia reports deadliest day of Covid pandemic, with 2,069 fatalities in 24 hours

Russia Today 27 Jul 2021
Also on rt.com Asian Covid-hotspot Indonesia to receive 45mn Covid vaccines in August, as government eases curbs despite warnings. Even in the worst-hit areas of Indonesia, the relaxation has allowed traditional markets, vendors and open-air restaurants to join some businesses and mosques in reopening, although offices remain under shutdown orders.
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How the pandemic is testing Indonesia's commitment to fiscal discipline

Business Day 27 Jul 2021
JakartaIndonesia’s worsening Covid-19 crisis is raising pressure on the government to lift spending and widen the budget deficit, even as ratings agencies warn any loosening of the country’s hard-won fiscal discipline could bode ill for its credit ratings ... The three agencies give Indonesia the second lowest investment grade rating.
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Indonesia's COVID-19 crisis to test fiscal discipline commitment

Reuters 27 Jul 2021
JAKARTA, July 27 (Reuters) - Indonesia's worsening COVID-19 crisis is raising pressure on the government to lift spending and widen the budget deficit, even as rating agencies warn any loosening of the country's hard-won fiscal discipline could bode ill for its credit ratings.
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Indonesia-based grocery app HappyFresh reaps $65M led by Naver Financial and Gafina

Crunch 27 Jul 2021
HappyFresh, the on-demand grocery app based in Indonesia, announced today it has raised a $65 million Series D. The round was led by Naver Financial Corporation and Gafina B.V., with participation from STIC, LB and Mirae Asset Indonesia and Singapore ... It continues to operate in Indonesia, Malaysia and Thailand.
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How soon the economic recovery? (Part 3)

Manila Bulletin 27 Jul 2021
Our young, growing and English speaking population will continue to be the source of our above-average growth in the coming years, thanks to the remittances of our OFWs, the large dollar earnings of the BPO-IT sector and a big domestic market that makes us partly immune to the ups and downs of the world economy (like China and Indonesia).
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Sustainable finance building momentum

The Jakarta Post 27 Jul 2021
... financial markets ... Despite the fact that developed countries still dominate the market, we have see significant issuance growth from developing countries, including Indonesia.
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China selloff bruises emerging markets

Hong Kong Standard 27 Jul 2021
China’s sharp selloff has caused emerging-market stocks to erase all their gains for the year, Bloomberg reports. The MSCI Emerging Markets Index is now negative for 2021 after a 2.4 percent drop on Monday ... State Street Global Markets recommends allocating only about 20 percent of funds for equities to developing nations.
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IMF reduces growth forecast for ASEAN

Manila Standard Today 27 Jul 2021
The ASEAN-5 groups Indonesia, Malaysia, the Philippines, Thailand, and Vietnam. Commenting on the Emerging Market and Developing economies, the IMF said the forecast for the group was revised down 0.4 ...
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Malaysia, Indonesia agree to discuss MoU on domestic workers

Jakarta News 27 Jul 2021
Malaysia, Indonesia agree to discuss MoU on domestic workers The Edge Markets MY ... .
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Ninja Van 'a year away' from IPO: CEO

Straits Times 27 Jul 2021
SINGAPORE (THE BUSINESS TIMES) - E-commerce logistics player Ninja Van may pursue an initial public offering (IPO) in the US as early as next year ... Founded in 2014, Ninja Van is headquartered in Singapore and has operations in five other regional markets. Malaysia, the Philippines, Indonesia, Thailand and Vietnam ... More on this topic. � ....

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