Indonesia

Earlier this month, Reuters reported on a rumor of Tesla Inc (NASDAQ: TSLA) in talks to build a new factory in Central Java, Indonesia. Now it looks like talks are progressing, as Tesla gets closer to building the factory. A story from CNBC Indonesia reports Elon Musk is exploring the...

Singapore tech company Sea Limited (NYSE: SE) has seen its shares surge in 2020 thanks to its dominant position in video games and growing e-commerce business. About Sea Limited: Sea Limited operates with three main business segments. Garena is a developer of games and an esports organizer. Shopee...

BlackRock Inc. (NYSE: BLK) in its Asia outlook report on Wednesday said the continent "stands out" as a beneficiary when global growth returns to a normal pace at the earliest in 2022, Reuters reported. What Happened The world's largest asset manager said it sees oil stocks, and...

Facebook Inc. (NASDAQ: FB) and PayPal Holdings Inc. (NASDAQ: PYPL) have invested in Indonesian ride-hailing giant GoJek, TechCrunch reported Tuesday. What Happened The two companies didn't disclose the amount they invested or the stake they have acquired in GoJek as a result. GoJek told...

Indonesia President Joko Widodo, on Thursday, said that Microsoft Corporation (NASDAQ: MSFT) is very keen on investing in data centers in the country. What Happened "Microsoft wants to invest immediately in Indonesia," Widodo said after the meeting with the technology giant's...

Amazon.com, Inc. (NASDAQ: AMZN) and Indonesia-based Gojek are in early conversations about an investment by Amazon in Gojek's delivery market and infrastructure.   While representatives from both companies withheld details, inside sources provided this update to Reuters and the Wall Street Journal...

Taiwan-based box-shipping line, Yang Ming, has set up shop in Jakarta, Indonesia, with joint venture partners. The new subsidiary will be known as “PT Yang Ming Shipping Indonesia”.  Heading up Yang Ming in Indonesia The subsidiary will be headed up by Benson Chou, who has been...

Kargo Technologies, an Indonesia-based logistics startup, has raised $7.6 million in its seed round of funding, led by Sequoia Capital India. The investment round also saw Uber founder Travis Kalanick's 10100 Fund join the funding round, along with Patrick Walujo, the co-founder of Northstar...

Among the many curveballs the global economy has thrown at investors this year, one of the least expected might be the traction emerging markets have seen in the opening months of the year. Take a look at the year-to-date chart for the Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSE: EDC...

Trade ministers from Indonesia and Australia signed a new free trade agreement (FTA), the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA), in Jakarta, Indonesia, on March 4. The are a wide range of beneficial outcomes from the agreement. For instance, the new agreement...

Few if any emerging markets were spared in last year's bloodbath. The 2018 decline of 15.3 percent for the MSCI Emerging Markets Index ensnared a slew of developing economies from Asia to Latin America and beyond. The MSCI Emerging Markets Index is up 5.23 percent to start 2019, indicating...

Apple Inc.'s (NASDAQ: AAPL) global expansion continued Friday after the company pledged to invest $44 million in Indonesia over the next three years. In return, the company has been granted the rights to sell its iPhone 7 in the country. Indonesia's national laws dictate that sellers of...

After months of negotiations and disputes, OPEC has reportedly agreed to its first crude oil production cut since 2008. At a meeting in Vienna, sources said OPEC has finalized a deal that is in line with a plan discussed in September to cut production from 33.6 million barrels per day (bpd) to...

The Market Vectors Indonesia Index Etf (NYSE: IDX) and the iShares MSCI Indons Invstbl Mrkt Indx Fd (NYSE: EIDO) are each up just over 28 percent year-to-date. That easily outpaces the 18.5 percent returned by the MSCI Emerging Markets Index. Indonesia ETFs' resurgence is market by some of the...

Exchange-traded funds holding emerging market bonds, including the iShares JPMorgan USD Emer Mkt Bnd Fd ETF (NYSE: EMB), have had the wind at their backs this year, as the Federal Reserve has held off on raising interest rates, suppressing the dollar in the process. Contextual Backdrop The case for...