Articles by admin

Indonesian President Joko Widodo said on Monday he wanted “innovative” ministers in his cabinet for a second term, as the co-founder of tech startup Gojek said he would join and a former chairman of Inter Milan soccer club was tipped for a post. The make-up of the cabinet is being closely watched to see how many are technocrats, who are more likely to fall in with Widodo’s reform agenda. There has also been speculation that Widodo’s challenger in April’s bitterly fought presidential election, Prabowo Subianto, or other members of the opposition could join. …read more […]

German payments company Wirecard has hired KPMG to conduct an independent audit to address allegations by the Financial Times that its finance team had sought to inflate reported sales and profits, it said on Monday. It has rejected the newspaper’s latest allegations, based on internal spreadsheets and correspondence, that Wirecard’s senior finance team had sought to inflate reported sales and profits at its businesses in Dubai and Ireland. The FT’s reporting has however led to calls on Wirecard from investors and corporate governance advocates to hire an outside auditor both to clear up the matter and to …read more […]

Owner Michael Kudrna launched the four spinoffs earlier this year in a matter of weeks as he races to keep his Chicago-area business ahead of a growing trend: restaurants conceived only for delivery or take-out. Thousands of restaurants are experimenting with these virtual spinoffs tucked inside their own kitchens. Others are opening “ghost kitchens,” where food is prepared strictly for delivery or pick-up. …read more […]

Today we will run through one way of estimating the intrinsic value of AstraZeneca PLC (LON:AZN) by taking the… …read more […]

(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. China’s policy makers are preparing for two key policy meetings in the coming weeks with fresh evidence that sooner rather than later, the number for gross domestic product growth will start with a 5.Data released Friday showed an economy expanding at just 6.0%, the slowest in almost three decades, and with broad investment growth too tepid to rely on an upturn down the road.People’s Bank of China Governor Yi Gang responded to the data not by hinting at much greater …read more […]

Oct.21 — Lin Jing Leong, Asia fixed income investment manager at Aberdeen Standard Investments, discusses Indonesian bonds and where she’s seeing opportunity. She speaks on “Bloomberg Markets: Asia.” …read more […]

Oct.21 — Colin Graham, chief investment officer of multi-asset solutions at Eastspring Investments, discusses the Brexit vote, its impact on the pound and his outlook for markets. He speaks on “Bloomberg Markets: Asia.” …read more […]

(Bloomberg) — Indonesian President Joko Widodo has offered the 35-year-old co-founder of the country’s biggest startup, Gojek, a position in his new cabinet, affirming the importance of the internet sector in propelling Southeast Asia’s largest economy.Nadiem Makarim on Monday told reporters he has accepted a cabinet post after resigning with immediate effect as chief executive officer of the ride-hailing giant he started nine years ago. That leaves the $10 billion startup, one of Southeast Asia’s largest, without its most visible leader at a time it’s pursuing funding to compete with arch-rival Grab Holdings Inc. Gojek said President Andre Soelistyo and …read more […]

The recent spate of bad news for Libra isn’t necessarily a death knell for the project, writes Mike J. Casey. …read more […]

Singapore state investor Temasek Holdings [TEM.UL] is offering to take control of Keppel Corp in a S$4.1 billion (2.32 billion pounds) deal that will shore up support for the conglomerate, which is battling difficult business conditions. Temasek, which directly owns 20.5% of Keppel, said in a statement that the pre-conditional offer is subject to it obtaining domestic and foreign regulator approvals, which could take many months. Keppel, whose businesses range from rig-building to property development, has been facing business challenges in its main sectors. …read more […]