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Candidates for Indonesia's presidential election
  + stars: | 2023-10-18 | by ( ) www.reuters.com   time to read: +6 min
A recent poll of potential candidates by Lembaga Survei Indonesia showed Prabowo top with the support of 34% support. After losing the 2019 election, Jokowi appointed Prabowo defence minister, a move analysts say helped heal divisions. Prabowo chairs the Great Indonesia Movement (Gerindra) party, which endorsed him as its presidential candidate last year. Erick Thohir - A businessman-turned-politician who once owned Italian football giant Inter Milan, Erick, 53, heads Indonesia's football association and serves as State Owned Enterprises Minister. Khofifah Indar Parawansa - One of Indonesia's most prominent female politicians, the popular, 58-year-old East Java governor has been courted by all three presidential candidates.
Persons: Ganjar Pranowo, Mohammad Mahfud Mahmodin, Antara, PRABOWO SUBIANTO, Joko Widodo, Jokowi, Prabowo, Gibran Rakabuming Raka, Gibran, Erick Thohir, Erick, Indar, Khofifah, Ganjar, Mahfud, BASWEDAN, Anies, Basuki Tjahaja, Muhaimin, Imin, Abdurrahman Wahid, Gus Dur, Ananda Teresia, Stanley Widianto, Martin Petty Organizations: Indonesian Democratic Party, Struggle, Lembaga, Great Indonesia Movement, Inter Milan, State Owned Enterprises, Ulama, Indonesia's, Indonesian Democratic Party of, Israel, Islamic Prosperous Justice Party, National Awakening Party, Thomson Locations: Jakarta, Indonesia, JAKARTA, Surakarta, Italian, Central Java, Jokowi, Chinese, East Java
There was no immediate response to a Reuters request to the Saudi Arabian government for comment on Kakar's remarks. If confirmed, a series of investments worth $25 billion would be the biggest ever by the kingdom in Pakistan. Pakistan's state owned enterprises have long been an area of concern with bleeding financials adding to financial stress. Recently Pakistan added struggling state-run Pakistan International Airlines to the privatisation list again. Reporting by Gibran Peshimam; Additional reporting by Aziz El Yaakoubi in Riyadh; Editing by William MacleanOur Standards: The Thomson Reuters Trust Principles.
Persons: Akhtar Soomro, Anwaar, Haq Kakar, Kakar, Gibran Peshimam, Aziz El Yaakoubi, William Maclean Organizations: REUTERS, Rights, International Monetary Fund, Barrick Gold Corp, Pakistan's, Barrick, Pakistan International Airlines, Thomson Locations: Karachi, Pakistan, Rights ISLAMABAD, Saudi Arabia, Saudi, Saudi Arabian, Riyadh, Balochistan
Real estate problems persist with once-healthy developer Country Garden now on the brink of default. Real estate dragChina's massive real estate sector, where the majority of household wealth is parked, has reemerged as an area of concern that it could drag down the broader economy. Developer Country Garden announced over the weekend it was suspending trading in at least 10 of its mainland-China traded yuan bonds. The more the government tries to help the real estate industry, the longer it takes for the industry to find a reasonable bottom. State-owned developers have also fared better in terms of recent sales than non-state-owned developers, data show.
Persons: Aly Song, Lu Ting, corporates, Xiangrong Yu, Goldman Sachs, Louis Lau Brandes, Louis Lau Organizations: Bund, Reuters, Nomura, Citi New, Citi, Garden, ., Country Garden's U.S, China U.S, Goldman, Louis Lau Brandes Investment Partners, Brandes Investment Partners Locations: Pudong, Shanghai, China, Reuters BEIJING, Japan, today's China, corporates, State, South Korea
Morgan Stanley has decided to take a break, downgrading MSCI China to equal weight while recommending a few consumer and industrial names. The Politburo meeting signaled policy easing, but outstanding issues — of debt, property, jobs and geopolitics — need significant improvement for sustainable inflows, the Morgan Stanley analysts said. Morgan Stanley has so far only changed it once this year: a cut in July to 5%. And despite their downgrade of Chinese stocks, the analysts added two mainland-traded A shares to their focus list. In its latest report, Morgan Stanley analysts also turned overweight on India.
Persons: Morgan Stanley, Laura Wang, Fran Chen, Wood, Warren Buffett, behemoth BlackRock, Biden, Liqian Ren, Ren, Hang Seng, Jack Ma's Alibaba, Morgan Stanley's, Morgan, WisdomTree's Ren doesn't, Ren doesn't, Michael Bloom Organizations: U.S, Chinese Communist Party, China ETF, WisdomTree Trust, Owned Enterprises ETF, Wall, JPMorgan, Baidu, State, Owned Enterprise Fund, Ping An Insurance Locations: China, . U.S, WisdomTree, WisdomTree Trust China, Morgan, Morgan Stanley's China, Hong Kong, India
During her first day of meetings in Beijing, Treasury Secretary Janet L. Yellen criticized punitive measures the Chinese government has taken against American firms. I’ve made clear that the United States does not seek a wholesale separation of our economies. Ms. Yellen conveyed her objections to China’s top officials, including Premier Li Qiang, in what was the first visit to China by a Treasury secretary in four years. A Treasury Department official said Ms. Yellen had discussed the outlook for the economy in an informal discussion with her former counterparts that lasted more than an hour. “The United States will, in certain circumstances, need to pursue targeted actions to protect its national security,” Ms. Yellen said.
Persons: Janet L, Yellen, I’ve, Biden, Yellen’s, Li Qiang, Ms, “ I’ve, Mark Schiefelbein, Wang Yong, Wang, , Shi Yinhong, , China’s, Michael Hart, “ We’ve, Mr, Hart, Liu He, Yi Gang, Li, Li’s, ” Claire Fu, Christopher Buckley Organizations: U.S, American Chamber of Commerce, Boeing, Bank of America, Cargill, Group, Bain & Company, Beijing, Biden, of, People, ., Center for American Studies, Peking University, , Renmin University, U.S . State Department, Chamber of Commerce, Treasury, People’s Bank of China, Treasury Department Locations: Beijing, United States, China, American, Shanghai, U.S, States
Sydney/Hong Kong CNN —Australia’s defense ministry will remove Chinese-made cameras from its offices over spying concerns, the country’s Minister for Defence Richard Marles has said. The concerns were raised by Senator James Paterson of the opposition Liberal Party, who said Wednesday that he had conducted an “audit” of Chinese-made security devices in use on Australian government premises. The audit found 913 devices, including cameras, access control systems and intercoms, made by Chinese-state owned enterprises Hikvision and Dahua, Paterson noted. “These companies have a very close relationship with the Chinese Communist Party, and they are subject to China’s National Intelligence laws, which require all Chinese companies and individuals to secretly cooperate with Chinese intelligence agencies if requested,” Paterson said in a radio interview Wednesday. And where those particular cameras are found they’re going to be removed.”Asked about the Australian government’s concerns over Chinese-made cameras, a spokesperson for Beijing’s foreign affairs ministry said China opposes “generalizing national security, abuse of state power and acts that discriminate and suppress Chinese companies.”
Investments in Indonesia's nickel industry
  + stars: | 2023-02-06 | by ( ) www.reuters.com   time to read: +4 min
Here are some of the major investment deals involving nickel in Indonesia:Jan. 2020: Indonesia bans exports of unprocessed nickel to attract investment in downstream processing. Dec. 2020: Indonesia's investment ministry signs an MOU with LG Energy Solution (373220.KS) on integrated EV battery investment with total investment of $9.8 billion. 2021: Indonesia establishes the Indonesia Battery Corporation (IBC), a joint venture of state owned enterprises to cooperate with foreign investors in developing an EV battery supply chain. Jan. 2022: Indonesia's Investment Ministry signs an MoU with Foxconn (2317.TW), Gogoro Inc, IBC and Indika Energy (INDY.JK) for investment in electric vehicle and battery development. Sept 2022: Vale Indonesia signs an agreement with Zhejiang Huayou to build a second plant to produce nickel MHP with 60,000 tonnes capacity.
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