CreditSights makes Strategic Investment in Alphastream

New York, New York, Sept. 03, 2020 (GLOBE NEWSWIRE) — CreditSights, a leading provider of independent fixed income research today announced that it has taken a minority stake in Alphastream, a fintech company based in Singapore. As part of the investment, Bala Subramanian, Chief Product and Technology Officer of CreditSights, will join Alphastream’s board. Alphastream develops […]

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IHSG strengthening forecast as market awaits US trade balance data

  Jakarta The Jakarta Composite Share Price Index (IHSG) is projected to strengthen on Thursday, as the market awaits the release of the US trade balance data. The Indonesian Stock Exchange (BEI) index rose 12.59 points, or 0.24 percent, to reach 5,324.56, while the index of the 45 most liquid stocks increased 2.86 points, or 0.34 percent, to touch 846.03. “We think that the decline in IHSG early this week will be sufficiently compensated by investors, so the accumulation will potentially boost the IHSG to strengthen,” he stated. Furthermore, the…

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Satria satellite to boost digital economic transformation: Kominfo

  Jakarta Satellite of the Republic of Indonesia (Satria), scheduled to operate in 2023, will strengthen digital economic transformation, including supporting digital payment systems in rural areas, with inadequate internet infrastructure, Communication and Informatics Ministry (Kominfo) stated. “The acceleration of digital transformation, directly and indirectly, supports the digital payment ecosystem during and after the pandemic,” Dedi Permadi, special staff to the Minister of Communication and Informatics, remarked while addressing a webinar on digital payment here on Thursday. The COVID-19 pandemic has triggered digital economic growth, as people are left with…

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Police arrest married couple over crystal meth trafficking charges

  Mataram, W Nusa Tenggara The police arrested a married couple on charges of trafficking crystal methamphetamine in the West Nusa Tenggara provincial capital of Mataram. The duo, identified by their initials as HS and RP, was apprehended along with three other residents, identified by their initials as M, AY and I, believed to be couriers, Chief of the Drugs Detective Unit of the Mataram City Police Adjunct Commissioner Elyas Ericson stated here on Thursday. “They belong to the same drug ring. We arrested them when they were at HS’…

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Indef pegs government’s COVID-19 vaccine procurement costs at Rp75 tln

Jakarta The government will require at least Rp75 trillion (US$5 billion) to procure the COVID-19 vaccine, Ariyo D. P. Irhamna, a researcher at the Institute for Development of Economics and Finance (Indef), stated. “I attempted to do a simple calculation on the costs to be incurred in procuring the COVID-19 vaccine because Mr President (Joko Widodo) has planned to provide the vaccine in Indonesia next year,” Irhamna noted during an online discussion here on Thursday. The cost, estimated at Rp75 trillion, was based on the price of Sinovac’s vaccine at…

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Garuda continues to operate flights on Jakarta-Kuala Lumpur route

  Kuala Lumpur National flag carrier Garuda Indonesia will continue to operate flights thrice a week on the Jakarta-Kuala Lumpur route despite Malaysia barring entry to long-term pass holders from Indonesia, the Philippines, and India. “Until now, we continue to operate flights thrice a week on Tuesdays, Thursdays, and Sundays,” Garuda Indonesia Country Manager for Malaysia H. M. Fredrik Kasepo noted here on Thursday. Kasepo made the statement in response to the Malaysian government’s policy to bar entry to long-term immigration pass holders from Indonesia, the Philippines, and India from…

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