Articles by Ushar Daniele

Singapore joins IEA as SE Asia oil demand set to rise 80% by 2040

Indonesia to become LNG net importer by 2020

The Jakarta Post reported that the annual growth rate of 4% was attributed to the biggest demand coming from the power generation sector.

May 29, 2017

Indonesian oil firm Pertamina 1Q2017 profit slumps due to raw material price surge

Prices of crude oil grew by 59.3% to US$51 per barrel from US$32 per barrel in the same period.

May 26, 2017

UMW to double up Toyota production by 2019

Group president and chief executive officer, Badrul Feisal Abdul Rahim, said Toyota will be introducing four new facelift models in the second half of the year.

May 26, 2017

Bursa Malaysia launches two indexes to capture traction, BNM calls for banks to adopt new innovations

Malaysia's central bank, Bank Negara Malaysia has urged the banking industry to adopt new innovation in their product offering to meet the demands of the new economy.

May 25, 2017

Bank Indonesia calls for structural reform to achieve 7% economic growth

BI was on alert for inflationary pressures after the nation's inflation peaked 4.17% YoY in April.

May 25, 2017

Carrier to supply air conditioners for Malaysia's Merdeka PNB118 tower

Carrier is a world leader in air conditioning, heating and refrigeration solutions.

May 23, 2017

Malaysia mulls TPPA discussion, New Zealand claims little to gain without US

Datuk Seri Mustapa Mohamed said the meeting was an important step to pave the way forward for TPPA.

May 22, 2017

Indonesia-Russia nurture trade through forum in Vladivostok

Trade numbers between Indonesia and Russia rose by 33.6% last year to US$2.6 billion

May 22, 2017

Silencing mosques: Israeli ministers pass bill seeking ban on Muslim call to prayer

Indonesia Trade Ministry deploys task force ahead of Ramadhan to prevent price hike, hoarding

Under the trade ministerial decree, distributors and warehouses must be registered and declare their stocks to the government every 15th of each month.

May 22, 2017

Bank Indonesia retains rates at 4.75% despite risks, Malaysia hits 5.6% growth in 1Q2017

The rate remains unchanged since October last year, citing the high potential inflation and external pressures.

May 19, 2017

Celcom, Ericsson launch Malaysia's first 5G network trial

Malaysian consumers can expect the full 5G network rollout between 2020 and 2025.

May 19, 2017

Indonesia introduces incentive for sugar investors to boost industry

Investors establishing a sugar factory in 2010 onwards are allowed to partially import raw sugar so that it becomes easier to kick-start their own plantation.

May 18, 2017

Indonesia seals US$35 million investments in KEK Palu economic zone

PT Bangun Sulawesi Tengah director and operator of KEK Palu Mulhanan Tomnolotutu signed the MoU at the Central Sulawesi capital Palu.

May 17, 2017

37 South and Southeast Asia corporations protected against US Dollar debt, says Moody's

Moody's Vice President said that the natural hedges limit the risk of unfavourable currency movements against the US Dollar for 19 companies.

May 16, 2017

SBS Transit to open Punggol Point LRT Station on Dec 29

Hong Kong rail operator eyes multibillion dollar link connecting Malaysia, Singapore

Should the project materialise, it would be MRT Corp's first investment under China's "One Belt One Road" (OBOR) plan.

May 16, 2017

Malaysia's MoF confirms 1MDB CEO booted as Bandar Malaysia chairman

Johari also rebuked allegation made by in a report published by Singapore Straits Times on 10 May, claiming two members from the Budiman Committee was relieved of their duties.

May 11, 2017