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Why Sea Limited Is Up 240% This Year And Worth More Than Activision, Nintendo
Monday, September 14, 2020 - 7:45am | 644Read More...Singapore tech company Sea Limited (NYSE: SE) has seen its shares surge in 2020 thanks to its dominant position in video games and growing e-commerce business. About Sea Limited: Sea Limited operates with three main business segments. Garena is a developer of games and an esports organizer. Shopee...
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BlackRock Sees These Opportunities As Best In Asia To Outlast Coronavirus
Wednesday, June 3, 2020 - 9:14am | 262Read More...BlackRock Inc. (NYSE: BLK) in its Asia outlook report on Wednesday said the continent "stands out" as a beneficiary when global growth returns to a normal pace at the earliest in 2022, Reuters reported. What Happened The world's largest asset manager said it sees oil stocks, and...
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Facebook, PayPal Join Google As Investors In Indonesian Tech Giant GoJek
Wednesday, June 3, 2020 - 5:16am | 439Read More...Facebook Inc. (NASDAQ: FB) and PayPal Holdings Inc. (NASDAQ: PYPL) have invested in Indonesian ride-hailing giant GoJek, TechCrunch reported Tuesday. What Happened The two companies didn't disclose the amount they invested or the stake they have acquired in GoJek as a result. GoJek told...
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Microsoft Keen On Investing In Indonesia, Says The President, Promises Simpler Regulations
Thursday, February 27, 2020 - 10:10am | 276Read More...Indonesia President Joko Widodo, on Thursday, said that Microsoft Corporation (NASDAQ: MSFT) is very keen on investing in data centers in the country. What Happened "Microsoft wants to invest immediately in Indonesia," Widodo said after the meeting with the technology giant's...
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Amazon Considers Investment In Gojek, Indonesia's Super App
Thursday, August 29, 2019 - 4:05pm | 376Read More...Amazon.com, Inc. (NASDAQ: AMZN) and Indonesia-based Gojek are in early conversations about an investment by Amazon in Gojek's delivery market and infrastructure. While representatives from both companies withheld details, inside sources provided this update to Reuters and the Wall Street Journal...
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Box Line Yang Ming Sets Up Shop In Indonesia
Thursday, May 30, 2019 - 11:34am | 751Read More...Taiwan-based box-shipping line, Yang Ming, has set up shop in Jakarta, Indonesia, with joint venture partners. The new subsidiary will be known as “PT Yang Ming Shipping Indonesia”. Heading up Yang Ming in Indonesia The subsidiary will be headed up by Benson Chou, who has been...
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Indonesian Digital Freight Startup Kargo Technologies Raises $7.6 Million In Seed Funding
Thursday, March 21, 2019 - 11:31am | 652Read More...Kargo Technologies, an Indonesia-based logistics startup, has raised $7.6 million in its seed round of funding, led by Sequoia Capital India. The investment round also saw Uber founder Travis Kalanick's 10100 Fund join the funding round, along with Patrick Walujo, the co-founder of Northstar...
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What Trade War? Emerging Markets Defy The Odds By Rolling With The Punches
Monday, March 11, 2019 - 10:42am | 1407Read More...Among the many curveballs the global economy has thrown at investors this year, one of the least expected might be the traction emerging markets have seen in the opening months of the year. Take a look at the year-to-date chart for the Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSE: EDC...
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Indonesia and Australia sign new free trade agreement
Friday, March 8, 2019 - 11:16am | 969Read More...Trade ministers from Indonesia and Australia signed a new free trade agreement (FTA), the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA), in Jakarta, Indonesia, on March 4. The are a wide range of beneficial outcomes from the agreement. For instance, the new agreement...
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A Pleasant Emerging Markets Surprise
Thursday, January 17, 2019 - 10:20am | 462Read More...Few if any emerging markets were spared in last year's bloodbath. The 2018 decline of 15.3 percent for the MSCI Emerging Markets Index ensnared a slew of developing economies from Asia to Latin America and beyond. The MSCI Emerging Markets Index is up 5.23 percent to start 2019, indicating...
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Apple Gets Into The Indonesian Market
Friday, December 16, 2016 - 11:39am | 266Read More...Apple Inc.'s (NASDAQ: AAPL) global expansion continued Friday after the company pledged to invest $44 million in Indonesia over the next three years. In return, the company has been granted the rights to sell its iPhone 7 in the country. Indonesia's national laws dictate that sellers of...
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OPEC Cuts Production: Everything You Need To Know
Wednesday, November 30, 2016 - 11:11am | 403Read More...After months of negotiations and disputes, OPEC has reportedly agreed to its first crude oil production cut since 2008. At a meeting in Vienna, sources said OPEC has finalized a deal that is in line with a plan discussed in September to cut production from 33.6 million barrels per day (bpd) to...
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An Important Sector Firms For Indonesia ETFs
Thursday, September 22, 2016 - 3:44pm | 562Read More...The Market Vectors Indonesia Index Etf (NYSE: IDX) and the iShares MSCI Indons Invstbl Mrkt Indx Fd (NYSE: EIDO) are each up just over 28 percent year-to-date. That easily outpaces the 18.5 percent returned by the MSCI Emerging Markets Index. Indonesia ETFs' resurgence is market by some of the...
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Another Catalyst For EM Bond ETFs
Thursday, September 8, 2016 - 2:05pm | 604Read More...Exchange-traded funds holding emerging market bonds, including the iShares JPMorgan USD Emer Mkt Bnd Fd ETF (NYSE: EMB), have had the wind at their backs this year, as the Federal Reserve has held off on raising interest rates, suppressing the dollar in the process. Contextual Backdrop The case for...
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BMO Weighs In On Newmont Mining's Batu Hijau Sale
Friday, July 1, 2016 - 11:51am | 241Read More...BMO Capital Markets views Newmont Mining Corp (NYSE: NEM)'s recently announced sale of stake in the Indonesian mine as a positive development as it de-levers the risk profile of Newmont. Newmont agreed to sell its 48.5 percent stake in the operator of the Batu Hijau copper and gold mine in...
