Tag: Investment strategy
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Indonesian president tries out palace in proposed new capital
Indonesia’s future Presidential Palace in the future capital city of Nusantara, in Penajam Paser Utara, East Kalimantan, on July 11, 2024. The new city is scheduled to begin operating as the country’s new political centre on Aug. 17, 2024 during Indonesia’s 79th Independence Day. Yasuyoshi Chiba | Afp | Getty Images Indonesian President Joko Widodo spent his…
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Shareholder payouts hit a record $1.7 trillion last year as bank profits surged
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2024. Brendan Mcdermid | Reuters LONDON — Global dividend payouts to shareholders hit a record $1.66 trillion in 2023, according to a new report by British asset manager Janus Henderson. The Global Dividend Index report, published…
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Can Indonesia’s next president Prabowo deliver on his big promises?
Prabowo Subianto, Indonesia’s presidential candidate and defense minister, center, waves to supporters in Jakarta, Indonesia, on Wednesday, Feb. 14, 2024. Prabowo declared victory in Wednesday’s presidential vote, citing independent pollsters, putting him on course to lead Southeast Asia’s largest economy after two failed attempts. Bloomberg | Bloomberg | Getty Images JAKARTA â Indonesia’s Defense Minister…
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Santa Claus rally is in trouble, may signal weaker stocks
The Santa Claus rally is in trouble. That’s the tendency for the stock market to rise on the last five days of the old year, and the first two days of the new year — typically good for a gain of 1.3%, and historically the best seven-consecutive-day period of the year. But not so far. With…
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TikTok to invest $1.5 billion in GoTo’s Indonesia e-commerce business
TikTok’s logo is displayed on a mobile phone screen in Ankara, Turkiye on December 5, 2023. Didem Mente | Anadolu | Getty Images TikTok will take a controlling stake in an e-commerce unit of Indonesia’s biggest tech firm PT GoTo Gojek Tokopedia, a partnership that will see the short video app invest $1.5 billion over the long term, the two…
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Southeast Asia looks to renewable power for energy security
The floating solar photovoltaic power plant by EDPR Sunseap Group, a unit of Energias de Portugal SA, in Woodlands, in Singapore, on Wednesday, Dec. 7, 2022. Bryan van der Beek | Bloomberg | Getty Images Southeast Asia is home to some of the world’s fastest-growing economies. As energy demand grows, the region is turning to…
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5 things to know before the stock market opens Tuesday, September 5
Here are the most important news items that investors need to start their trading day: 1. Stocks slip Stock futures were slightly lower Tuesday to start the trading week. Futures tied to the Dow Jones Industrial Average were down 8 points, or less than 0.1%. S&P 500 futures slid 0.1%, while Nasdaq 100 futures fell 0.3%. Those moves come after…
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Indonesia’s China-backed high-speed train sparks concerns of debt trap
Indonesia is starting trial runs for its first high-speed train, which will connect the capital Jakarta to a neighboring city of Bandung, after years of delays and cost overruns plagued the project. Bloomberg | Bloomberg | Getty Images A $7.3 billion high-speed electric rail line between Indonesia’s two biggest cities is set to be launched…