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Easy cash ends for Indonesia state firms

JAKARTA: Indonesia is shutting off the public funding tap for state-owned companies, pushing them to turn to the markets for capital. From toll-road operator PT Jasa Marga to electricity producer PT Perusahaan Listrik Negara, these 118 companies – with combined sales of US$133bil – must embrace new sources of fundraising starting next year, State-Owned Enterprises […]

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Philippines: Government eyes trade surplus in 2022

MANILA, Philippines — The Philippines is eyeing to get out of its trade slump in five year’s time as it moves to attract more manufacturers to set up shop and significantly jack up domestic production, enabling the country to ship out more products. Trade Secretary Ramon Lopez said the government plans to significantly trim the […]

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