Indonesia


South China Sea tensions spike, as oil and gas drilling continues

South China Sea tensions spike, as oil and gas drilling continues

(ATF) South China Sea developments are grabbing headlines once again. Chinese state media reported on Thursday that China had drilled deep in the controversial waterway to retrieve sediment core from the seabed.Chinese scientists on a marine research vessel used a domestically built “Sea Bull II” drilling system to obtain a …

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Singapore aims for tighter rules than US to attract SPAC listings

Singapore aims for tighter rules than US to attract SPAC listings

(ATF) Singapore plans to impose more stringent rules than the US for so-called blank-cheque companies that seek a listing in the southeast Asian city state.On Wednesday, Singapore Exchange started a public consultation on a regulatory framework for listing special purpose acquisition companies (SPACs), which are shells that launch with the …

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Big auto port planned in Chongqing for ASEAN trade

Big auto port planned in Chongqing for ASEAN trade

(ATF) Officials in Chongqing – a sprawling megacity of about 30 million on the Yangtze River in southwestern Sichuan – are planning major infrastructure projects, such as high-speed rail links and a large wharf at home.But businesses in the city are also planning developments in different parts of Southeast Asia, …

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Lithium’s frenzied rise could have a calming geopolitical effect

Lithium’s frenzied rise could have a calming geopolitical effect

(ATF) The price of lithium has risen almost 90% since the start of 2021, putting the metal on course to more than double in price by the end of the first quarter. A global commodity boom appears to be underway but even among in-demand metals lithium is seeing particularly keen …

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Indonesia eyeing strong rebound as mass vaccination plan starts

Indonesia eyeing strong rebound as mass vaccination plan starts

(ATF) Indonesia – Southeast Asia’s biggest economy – will be propelled by consumption in the months ahead in a boost that will raise corporate revenues and reduce leverage, according to Fitch Ratings.“The economic recovery in 2021 for Indonesia will be driven by consumer spending. And for the specific sectors we …

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Tsingshan plans nickel smelter in Indonesia powered by renewables

Tsingshan plans 'clean' nickel production facility in Indonesia

(ATF) Chinese steel and nickel producer Tsingshan Holding Group, the world’s top nickel and stainless steel maker, plans to build a 2,000-megawatt 'clean-energy' facility in Indonesia within the next three to five years, while laying the groundwork for further green development, the Wenzhou-based company said last week.It will build solar …

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Banker named CEO of Indonesian sovereign wealth fund

Banker named CEO of Indonesian sovereign wealth fund

(ATF) Indonesian President Joko Widodo has picked a senior banker as head of the country's new sovereign wealth fund, which has been set up to help fund infrastructure projects.The Indonesia Investment Authority (INA) will be headed by former Bank Permata chief executive Ridha Wirakusumah. The wealth fund has $5 billion …

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Parts falling into place for Jakarta's bid to be an EV supplier

Parts falling into place for Jakarta's bid to be an EV supplier

(ATF) Freeport Indonesia and China's Tsingshan Holding Group are close to reaching a deal on building a $2-billion copper smelter in Weda Bay, on Halmahera in the Malaku Island group in the east of the Indonesian archipelago.Weda Bay is a site of a huge nickel deposit, estimated to have over …

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South-east Asia's Grab hoping US IPO move can deliver $2 billion 

South-east Asia's Grab hoping US IPO move can deliver $2 billion 

South-east Asian ride-hailing and food delivery giant Grab is exploring a listing in the United States this year.The firm have been encouraged by robust investor appetite for IPOs, a source has revealed, and the move could raise at least US$2 billion – which would make it the largest overseas share …

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China's CATL to put $5bn into lithium battery plant, Jakarta says

China's CATL to put $5bn into lithium battery plant, Indonesia says

China's Contemporary Amperex Technology (CATL) plans to invest $5 billion in a lithium battery plant in Indonesia, Indonesia's deputy minister at the coordinating ministry of maritime and investment affairs said on Tuesday. The lithium battery plant will start production in 2024, deputy minister, Septian Hario Seto, told a virtual briefing."The …

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