According to Indonesia's Bureau for Statistics, global demand for the country's assets remained unattractive to foreign investors.
Asia/Pacific
A succession problem looms for China's private businesses, Reuters reports
Reuters reported that China's private businesses could experience succession problem in the next few years.
Chinese regulators urge recall of Fonterra products after latter issues warning of bacteria contamination
Chinese regulators urged local importers of Fonterra's products to recall their contaminated items after the dairy maker warned some infant milk and food products contained botulism-causing bacteria.
Tim Lee sits as chairman for GM’s Chinese unit
General Motors Co appointed Tim Lee as the new chairman of its Chinese unit as it gears up for expansion in its largest single market.
Yes Bank on the lookout for US$250 million refinancing
Yes Bank Ltd announced that they are in the market to secure a US$250 million refinancing deal for the company's loans.
Latest News
India loosened rules for foreign direct investors on the local retail industry as part of its drive to lure more foreign firms.
The Confederation of Indian Industries said that now is the time when India needs foreign direct investments the most.
Biotech Corp said that it has already passed its investment target for this year. Malaysian Biotechnology Corporation, one of the largest biotech firms in Southeast Asia, said that it will be expecting a total of RM3 billion worth of investments in the sector this year.
The executives of Sony said that their electronics enterprise showed signs of rebound after posting US$35 million profit.
Reports said that investments in the Philippines increased by almost 40% after six months. Asia's 'rising economic tiger' posted another increase in local and foreign investments as four major placement agencies approved businesses today.
Five investment projects were approved by Malaysia's National Key Economic Area today. Five new projects in Malaysia with a total investment value of RM388.
Reuters said that Apple CEO Tim Cook and China Mobile chairman Xi Guohua recently met to talk about "matters of cooperation."
Analysts said that China Mobile would play a huge part in China's explosive mobile growth which would allow investors to continuously gain profit.
According to Singapore's GIC, China's credit crunch will have great effects on many economies worldwide.
