Page 11 - Indonesia

Unilever Indonesia de-rating underscores valuation risk to India FMCG

Currently, HUL trades at 58 times its estimated earnings for FY23. Nestle is the most expensive FMCG with 69x its FY23 P/E, while ITC is the cheapest at 17.5x

US bond tapering impact may hurt India, Indonesia less than other nations

Bonds from the two countries are already leading gains in emerging Asia this quarter, offering 3%-5% returns to dollar-based investors

Indonesia prison fire kills at least 41 drug inmates, injuring 39

Authorities are still investigating the cause of fire that started at Block C of Tangerang prison on the outskirts of Jakarta designated for drug offenders, said a govt official

TVS Srichakra forays into Indonesian market with Eurogrip range of tyres

The manufacturer of two and three-wheeler tyres, TVS Srichakra, on Tuesday announced its foray into the Indonesian market, with the Eurogrip range of tyres

6.0 magnitude quake jolts Indonesia's easternmost province of Papua

An earthquake with a magnitude of 6.0 rocked Indonesia's easternmost province of Papua on Saturday, but no preliminary reports on damages or casualties were issued, an agency and an official said.

Strong undersea quake shakes central Indonesia; no tsunami warning

In January, a magnitude 6.2 earthquake killed at least 105 people, injured nearly 6,500, and displaced more than 92,000 in West Sulawesi province.

Indonesia reports 38,679 new Covid cases in a day; tally reaches 3,166,505

The government is considering relaxing the restrictions on Monday if coronavirus cases decrease significantly

E-commerce firm Bukalapak prices Indonesia's biggest IPO at top end: Report

Indonesian e-commerce firm Bukalapak has raised $1.5 billion in its initial public offering, the country's largest issue, after pricing it at the top of an indicated price range

World Coronavirus Dispatch: Britons nervous as UK heralds 'Freedom Day'

Canada surpasses US in vaccinations after initial lag, Indonesia's daily infections higher than India and Brazil, and other pandemic-related news across the globe

Jet lag: Asia's air travel may take three years to recover from Covid-19

Asia's jet fuel usage accounted for a third of global consumption in 2019. Right now, the region's overall flight numbers -- domestic and international -- are 70% of pre-virus levels

Indonesia's Covid-19 surge has nervy traders recalling India stock rebound

New daily cases climbed to a record 54,517 on Wednesday, higher than India's, while the seven-day moving average jumped to 41,521 from less than 6,000 at the end of May

Indonesia short on oxygen, seeks emergency supplies as virus cases soar

Just two months ago, Indonesia was coming to a gasping India's aid with thousands tanks of oxygen

Indonesia to give Covid-19 booster shots to health workers next week

Indonesia is planning to inject the third doses of Covid-19 vaccine to healthcare workers across the country next week, a minister said

1,031 Indonesian medical workers die from Covid since onset of pandemic

At least 1,031 medical workers in Indonesia have died from Covid-19 since the onset of the pandemic in the country in March 2020 until June 2021, according to authorities

Foreigners entering Indonesia required to show Covid-19 vaccination cards

Foreigners entering Indonesia will be required to show Covid-19 vaccination cards and negative results of polymerase chain reaction (PCR) tests from Tuesday onwards, an official said

Indonesia begins inoculating pregnant women, breastfeeding mothers, kids

Indonesia has launched a Covid-19 vaccination program for pregnant women, breastfeeding mothers, and children aged 12 to 18, Vice President Ma'ruf Amin announced here

Indonesia examines use of Sinovac, Pfizer Covid-19 vaccines for kids

Indonesia is currently examining the use of the Sinovac and Pfizer Covid-19 vaccines for people under 18 years of age after detecting many cases among children and youths

Indonesia's doctors becoming patients after taking China's Covid vaccine

Indonesia's doctors are at the centre of the crisis as many have died after being vaccinated by the Chinese Covid-19 vaccine - Sinovac.

GMR Infrastructure to sell stake in Indonesia mine to raise $400 million

GMR had acquired 30 per cent stake in PT GEMS for $550 million in March 2018

6.1-magnitude earthquake jolts Indonesia, no casualties; rescue underway

An earthquake measuring 6.1 on the Richter scale jolted Indonesia's eastern province of North Maluku, with no casualties or damages reported so far, according to officials