On Thursday, four Indonesian ministers gathered to witness the signing of an agreement between state-owned mining holding group PT Indonesia Asahan Aluminium (Inalum) and Freeport-McMoran (FCX), the owner of PT Freeport Indonesia (PTFI). Under the agreement, Indonesia will take control of 51 percent of Freeport Indonesia’s equity, and hence hold a majority stake in the […]
Read MoreThe Hanoitimes – The auction will take place after several delays as the shipping firm underwent a prolonged revamp. Vietnam National Shipping Lines (Vinalines) is scheduled to offer 20% stake or over 280 million shares in its initial public offering (IPO) at the Hanoi Stock Exchange (HNX) in early August, according to the government portal. The […]
Read MoreSINGAPORE (BLOOMBERG) – For South-east Asia’s biggest economies, 2018 wasn’t supposed to be like this. If a widening trade war wasn’t enough to contend with, a global wave of policy tightening, strong oil prices and domestic politics are also weighing on growth prospects for the region. Policy makers are rewriting economic strategies as volatility surges, […]
Read MoreMANILA, Philippines — The implementation of the tax reform law at the start of the year boosted the sales of convenience store giant Philippine Seven Corp. (PSC) by 23 percent in the first half. Lawrence de Leon, head of finance at PSC, said in a disclosure that system-wide sales amounted to P22.17 billion from January […]
Read MoreCIRCULAR ECONOMY, or the reuse and recycling of products, is expected to grow in a big way as consumers, manufacturers and policymakers are becoming increasingly aware of the worsening environment due to expanding economic activities. Kees Rade, the Netherlands’ ambassador to Thailand, said there was not much debate in Thailand about the circular economy compared […]
Read MoreThe agreement made on Thursday between PT Indonesia Asahan Aluminium (Inalum) and United States mining company Freeport-McMoran Inc. (FCX) was largely welcomed by the government, which claimed that the future of PT Freeport Indonesia (PTFI) was now clearer. It added that the heads of agreement (HoA) signed by FCX and Inalum, which represents the government, […]
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Thailand
