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RHB to focus on stockbroking and selective investment banking business in Indonesia

KRHB Banking Group (“RHB” or the “Group”) announced PT RHB Sekuritas Indonesia, a subsidiary of RHB Investment Bank Berhad, has entered into a conditional share purchase agreement (“CSPA”) with Allianz Global Investors Asia Pacific Ltd (“AllianzGI”) and PT Asuransi Allianz Life Indonesia (“Allianz Life Indonesia”). The agreement is for the disposal of its investment management […]

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Indonesia: National Economic Recovery realization reaches Rp277.36 trillion

The 2021 state budget would keep changing through reallocation of various ministry/department expenditures to meet the dynamic demands amid this pandemic. Jakarta (ANTARA) – The realization of  budget for National Economic Recovery (PEN) program has reached Rp277.36 trillion, or 37.2 percent of the Rp744.75-trillion ceiling budget, on July 16, 2021, Finance Minister Sri Mulyani Indrawati said. […]

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Indonesia adopts policies to support circular economy

To support the implementation of circular economic policies, the upstream policies focus on sorting and processing garbage at its source Jakarta (ANTARA) – The Environment and Forestry Ministry has said it has adopted several policies to support a sustainable circular economy in the country by driving the creation of more garbage banks, among other things. […]

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Thailand and Indonesia get serious about plastic

Southeast Asia is one of the biggest sources of plastic waste thanks to rapid urbanisation and a growing middle class, whose consumption of plastic products is continuously rising due to increasing purchasing power and desire for convenience. To make matters worse, during the Covid-19 pandemic, the use of plastics increased exponentially due to increased attention […]

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Indonesia’s growing interest for investment in Cambodia

Indonesia is interested in investment opportunities in Cambodia in the agriculture, agro-industry, renewable energy, construction and real estate sectors. That interest was raised at a meeting between Indonesian Ambassador to Cambodia Sudirman Haseng and Cambodian conglomerates in the agricultural and real estate sectors. The meeting included Lim Heng, vice-president of the Cambodia Chamber of Commerce, […]

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