Demonstrations are heating up, investors are starting to leave Thailand in large numbers

ILLUSTRATION. Protests in Bangkok. REUTERS / Jorge Silva

Source: Reuters | Editor: Tendi Mahadi

KONTAN.CO.ID – BANGKOK. Investors are busy releasing their shares on the Thai stock exchange today. Analysts warn of a possible sell-off of the currency, as growing concerns escalating confrontation between authorities and anti-government protesters could drag Asia’s worst performing market to these lower levels.

Thailand’s benchmark equity index SETI fell 2% to its lowest level in six months in the first trade since police pointed water cannons at protesters in downtown Bangkok on Friday night in the loudest clashes in months of demonstrations.

Today’s sell-off was the sharpest in four months as the large number of protesters at daily protests since the ban on meetings announced last week added to tensions on both sides.

Also Read: Thai police order an investigation into the media for covering protesters

“Recent political developments ranging from demonstrations to the declaration of a state of emergency for Bangkok are on the nerves of investors,” said Kobsidthi Silpachai, head of capital market research at Kasikornbank.

“An atmosphere like this encourages investors to reduce their risk because of the increasingly severe conditions business not as usual, ”He continued.

Thai baht on the other hand fell 0.1% on the day as the US currency weakened against most other currencies.

Prakash Sakpal, senior Asia economist at ING, said a currency that has survived so far could also succumb to increasing political risks. “Today’s equity market selloff appears to be the start of that trend,” he said.

Also Read: The demonstrators continued to hold actions, the Thai PM held an extraordinary meeting with the parliament

The protesters themselves are calling for the removal of Prime Minister Prayuth Chan-ocha, who was the former leader of the junta, and reforms to reduce the monarchy.

Thailand has experienced a record US $ 9.3 billion equity outflow so far this year as the COVID-19 pandemic devastates the country’s economy.




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Stocks that were widely collected by foreigners when the JCI strengthened, Monday (19/10)

ILLUSTRATION. Investors are watching the stock movement board at the Jakarta Indonesia Stock Exchange, Wednesday (7/10).

Reporter: I knew Laoli | Editor: I knew Laoli

KONTAN.CO.ID – JAKARTA. Composite Stock Price Index (IHSG) rose 22.91 points or rose 0.45% to 5,126,330 at the close of trading, Monday (19/10).

During trading, JCI moved from the lowest level of 5,090,777 to the highest level of 5,126,330.

Quoting RTI data, six stock sectors made it to the green zone and four others entered the red zone. Sectors with the highest increase included the mining sector, which rose 1.43%. Then followed by the financial sector rose 1.07% and the miscellaneous industry sector rose 0.84%.

While sectors that enter the red zone include, among others, sectors agriculture down 0.79%, then the infrastructure sector fell 0.50% and the consumer goods sector fell 0.47%. A total of 221 stocks rose, 201 shares fell and 178 stocks were stagnant.

Also Read: JCI rose 0.45% to 5,126 foreigners buying up shares of BMRI, ASII & BBCA, Monday (19/10)

The total volume of shares trading on the Indonesia Stock Exchange today reached 12.91 billion shares with a total value of Rp 8.36 trillion.

Foreign investors collect shares of PT Bank Mandiri Tbk (BMRI) IDR 63.7 billion. BMRI shares closed up 2.24% to Rp 5,700 per share. The total trading volume of BMRI shares reached 40 million with a transaction value of Rp 225.1 billion

Foreigners also bought up shares of PT Astra International Tbk (ASII) IDR 48.6 billion. ASII shares closed up 1.42% to Rp 5,000 per share. The total trading volume of ASII shares reached 40 million with a transaction value of Rp 199 billion.

Also Read: The half-day IHSG only rose 0.14%, the sector index jumped 1.29%!

Shares of PT Bank Central Asia Tbk (BBCA) also collected by foreigners of IDR 24.1 billion. BBCA shares rose 2.43% to Rp 29,500 per share. BBCA’s total share trading volume reached Rp 29.8 million with a transaction value of Rp 849.5 billion.

Here are 10 stocks with the largest foreign net buy on Monday trading:

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As tensions rise, the US sends USS Ronald Reagan back to the South China Sea

ILLUSTRATION. Several aircraft from Carrier Air Wing 5 fly in formation aboard the Navy aircraft carrier USS Ronald Reagan in the South China Sea on October 9, 2019.

Reporter: I knew Laoli | Editor: I knew Laoli

KONTAN.CO.ID – The Ronald Reagan Carrier Strike Group has returned to the South China Sea for the third time from deployment in 2020.

The carrier strike group includes the Navy’s only aircraft carriers USS Ronald Reagan (CVN 76) and Carrier Air Wing (CVW) 5, the USS Antietam (CG 54) Ticonderoga-class missile cruiser, and the Arleigh Burke, the USS-class guided missile destroyer. Halsey (DDG 97) and USS John S. McCain (DDG 56).

While in the South China Sea, attack groups conducted maritime security operations, which included fixed-wing and rotary flight operations, maritime strike drills, and coordinated tactical training between surface and air units.

Sailing nearly 56,000 nautical miles so far this deployment, the attack group is committed to upholding US security agreements with regional allies and partners, and demonstrating the ability of forward-deployed naval forces to rapidly respond to any eventuality across the region.

Also Read: Tensions in the South China Sea mount, China sends spy ships

“During our deployment, we continued our long tradition of demonstrating the United States’ commitment to lawful use of the sea and maintaining open access to international interests,” said Rear Adm. George Wikoff, commander, Ronald Reagan Carrier Strike Group, as quoted by Navy.Mil, Thursday (15/10).

“The focus of our operations has always been, and will continue to be, working with our Indo-Pacific allies and partners in promoting regional stability,” he added.

Throughout the 2020 deployment, Ronald Reagan and his escort units routinely integrated with allied and partner naval forces to build high-end war readiness through air defense, anti-submarine warfare, maritime attack and force protection exercises. The strike group recently operated in the Indian Ocean, made two transits through the Strait of Malacca, and completed various multinational exercises across the Indo-Pacific.

In this timelapse video, USS Ronald Reagan (CVN 76) crosses the Strait of Malacca, 8 October.

Also Read: China is suspected of increasing military exercises on the islands around Taiwan



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Warren Buffett calls success comes to you after learning this rare trait

ILLUSTRATION. A rare trait that brings success, according to Warren Buffett, is patience.

Source: Inc. | Editor: I knew Laoli

KONTAN.CO.ID – There is no doubt that the legendary investor Warren Buffett is one of the most successful people in the stock market to date.

Apart from his skills in managing portfolios on the stock exchange, Buffett is also known for his advice on life.

Founder dan Chief Human Officer, Leadership From the Core, Marcel Schwantes in his article written at Inc. says, over the years, he has collected a number of classic tips from Buffett that deal well with investing decisions and making good decisions in life.

In his opinion, one of Buffett’s best advice is somewhat counterintuitive. According to him Buffett counts Father Time as a wonderful business companion.

Also Read: Obama accused Trump of being a symptom and accelerating misinformation

Buffett says the key to success is having the faith to believe that good things will happen to those who wait.

It doesn’t matter how great talent or effort a person has. “You can’t have a baby in one month by impregnating even nine women,” Schwantes wrote.

For entrepreneurs starting their businesses, instant gratification is just a dream. Buffett strongly believes in the important lessons of long-term thinking (thinking long term).

Also Read: Warren Buffett reveals three things that distinguish high achievers from daydreams

The long and arduous journey and trials of 14 hours a day and sleepless nights will eventually bear fruit and pave the way to success, making the journey much sweeter. The key word for making this happen boils down to one rare trait: patience.

The benefits of patience

Researchers have found that people who display the rare trait of patience make more progress toward their goals and are more satisfied when they achieve them (especially if those goals are difficult) than people who are less patient.

Other research has also found that people who are patient tend to experience less depression and less negative emotions and are better able to cope with stressful situations.



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We stand firm and clear for human rights in China

ILLUSTRATION. Canadian Prime Minister Justin Trudeau in Montreal, Quebec, Canada October 17, 2019.

Source: Channel News Asia | Editor: SS Kurniawan

KONTAN.CO.ID – OTTAWA. Prime Minister Justin Trudeau has sworn that Canada will continue to defend human rights in China, after a top Chinese diplomat warned Ottawa not to accept Hong Kong pro-democracy activists.

China’s Ambassador to Canada Cong Peiwu on Thursday (15/10) warned Canada not to grant asylum to Hong Kong activists. This is because, in his opinion, it could have an impact on “health and safety” for the 300,000 Canadians living in Hong Kong, a region that is theoretically autonomous to China.

Canadian Daily, The Globe and Mail reported, Ottawa recently granted asylum to a Hong Kong spouse, which the Canadian Government has not confirmed or denied.

“We will stand firmly and clearly for human rights, all over the world, whether it talks about the situation faced by the Uighurs, whether it speaks of a very concerning situation in Hong Kong, whether it is calling on China for its coercive diplomacy,” Trudeau said. , Friday (16/10), when asked about the comments of the Chinese Ambassador, he was quoted as saying Channel News Asia.

But he added: “We don’t want to increase (tensions with China)”.

Also Read: 39 Countries condemn China for its policies in Xinjiang, Hong Kong

As a sign of escalating tensions between the two countries, Canadian Foreign Minister Francois-Philippe Champagne had previously condemned the Chinese Ambassador’s statement as “completely unacceptable and disruptive”.

Meanwhile Canadian conservative opposition leader Erin O’Toole asked the Chinese ambassador to completely retract his words and issue a public apology.

“If the (Chinese) ambassador does not do it immediately, we hope the (Canadian) government will revoke its credentials,” O’Toole said.

Relations between Beijing and Ottawa have been frozen since December 2018 when Canada, acting on a United States warrant, arrested him chief financial officer (CFO) Huawei, China’s telecommunications giant.

Washington accuses CFO of Huawei of violating US sanctions on Iran and encouraging its extradition.

Shortly after the CFO of Huawei’s arrest, China jailed former Canadian diplomat Michael Kovrig and Canadian businessman Michael Spavor on spying charges, actions widely seen in Western countries as retaliatory measures by Beijing.



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Purchasing 6,050 Telkomsel towers will increase Mitratel’s bargaining power at the IPO

ILLUSTRATION. PT Telkom Indonesia (Persero) Tbk (Telkom) is structuring its portfolio through its two subsidiaries Mitratel and Telkom

Reporter: Nur Qolbi | Editor: Herlina Kartika Dewi

KONTAN.CO.ID – JAKARTA. Telecommunication infrastructure provider PT Dayamitra Telekomunikasi (Mitratel) will buy 6,050 units of PT Telekomunikasi Seluler (Telkomsel) tower worth Rp 10.3 trillion. Takeover transaction between subsidiaries of PT Telekomunikasi Indonesia Tbk (TLKM) or Telkom is carried out in stages and is targeted to be completed by the end of the first quarter of 2021.

Telkom Strategic Portfolio Director Budi Setyawan Wijaya said this corporate action was part of the TelkomGroup portfolio arrangement in order to optimize the business and assets owned, and increase shareholder value.

“This step is also an effort value creation tower business and ensure that each subsidiary can focus on strengthening their respective business lines, “Budi said in a written statement, Friday (16/10).

Meanwhile, President Director of Mitratel Theodorus Ardi Hartoko said that this corporate action is one of the business strategies to improve Mitratel’s telecommunication infrastructure capabilities.

Also Read: Mitratel will buy 6,050 Telkomsel towers worth Rp 10.3 trillion

“We believe the transfer of ownership of 6,050 telecommunication towers belonging to Telkomsel will fundamentally strengthen Mitratel’s business and create added value for Mitratel,” he said.

Theodorus also believes that the telecommunications tower business is still promising. Given that telecommunications operators are still expanding to improve network quality and expand their service coverage.

What’s more, 5G technology will enter and be implemented in Indonesia in a few years. That way, the telecommunications tower business is predicted to continue to post positive performance going forward.

After the transfer of ownership is complete, Mitratel will have more than 22,000 towers spread across various regions and serve all cellular operators in Indonesia.
“This transfer of ownership of Telkomsel’s telecommunications tower can make Mitratel as one of the largest tower providers in Indonesia,” said Theodorus.

Previously, Mitratel also planned to carry out an initial public offering or initial public offering (IPO).

Henan Putihrai Sekuritas analyst Muhammad As’ad said the purchase of 6,050 towers from Telkomsel would increase Mitratel’s bargaining power at the IPO.

“The reason is that additional tower ownership can increase Mitratel’s competitiveness with competitors. Currently, the issuer holding the most tower rentals is PT Sarana Menara Nusantara Tbk.TOWR), “kata As’ad.

Also Read: Measuring TLKM Stock Prospects: from Mitratel’s IPO to Omnibus Law Impact

As of June 2020, TOWR owns 21,271 towers or the equivalent of 22% of the total number of telecommunication towers in Indonesia.

The tower purchase will also have a positive impact on Telkom’s performance in line with Mitratel’s additional revenue. This is because the purchase of this tower allows an increase in collocation and the number of rentals that Mitratel has recorded.

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October 20, Mitsubishi releases products for those who like adventure

ILUSTRASI. Logos of Mitsubishi Motors Corp is seen at a showroom of the company’s headquarters in Tokyo, Japan November 26, 2018. REUTERS/Toru Hanai

Source: Kompas.com | Editor: Barratut Taqiyyah Rafie

KONTAN.CO.ID – JAKARTA. PT Mitsubishi Motors Krama Yudha Sales Indonesia (MMKSI) does not want to be left behind with other car manufacturers that have released new products in the midst of a pandemic. Currently, Mitsubishi is also preparing its new product which will be released shortly.

In an official statement received by the editorial staff, Mitsubishi informed that the new model that will be launched is part of an effort to present a product that answers the hopes and needs of its consumers.

“This model is designed with ‘passion‘to provide a more enjoyable adventure experience. Look forward to his presence exclusively on October 20, 2020, “wrote the official statement of MMKSI, Wednesday (14/10/2020).

It is further explained that the model to be launched has a strong and different character, but still considers the moment of being with family.

Also Read: The cheaper it is, the price of a used Honda BR-V this year is starting at Rp. 140 million

Although it is not clear what the newest model is, when referring to the word family, most likely it will come from the multi-purpose vehicle (MPV) segment, or it could also be from a sport utility vehicle (SUV) which has a 7-seater configuration.

While the characters are strong and different, it is emphasized again from the theme selection “Adventure in Black”. It could be that it shows a new model or indeed a special variant like a special edition.

Also Read: The cheaper it is, the price of a used car Daihatsu Luxio starts at Rp. 60 million

From the silhouette of the image shown, it can be seen that the design on the car casing looks like it has a big fuel like an SUV or MPV proposition. Interestingly, the headlights that are turned on already carry an LED with a shape that looks thin like its flagship LMPV, namely Xpander.

Unfortunately, it hasn’t been clear until now that there is no definite clarity about what model Mitsubishi will launch, even there was news some time ago, to balance the Fortuner. facelift which launched October 15, Mitsubishi will also refresh the Pajero Sport.

This article has been published on Kompas.com with the title “Two new Mitsubishi cars ready to launch next week
Author: Stanly Ravel
Editor : Aditya Maulana

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Hong Kong and Singapore announced planned travel bubble policies

ILLUSTRATION. Changi Airport. REUTERS / Edgar Su

Source: Reuters | Editor: Handoyo.

KONTAN.CO.ID – HONG KONG / SINGAPORE. Hong Kong and Singapore will create a travel bubble, the two cities announced on Thursday, as they rebuild overseas travel routes and lift quarantine hurdles for visiting foreigners.

Hong Kong Trade Secretary Edward Yau and Singapore Transport Minister Ong Ye Kung said travelers under the scheme need to get a negative COVID-19 test result and travel on a special flight.

Further details, including the launch date, will be refined in the coming weeks, they said.

“This is a safe, cautious but significant step forward to revive air travel, and provide a model for future collaborations with other parts of the world,” said Singapore’s Ong.

For Hong Kong, which has banned non-residents since March, the deal with Singapore is the first resumption of travel ties with other cities. Travelers from mainland China and neighboring Macau are still facing 14 days of quarantine.

Also Read: A corona case emerged, the Qingdao Government in China removed the head of the Health Commission

Singapore has announced pacts on important business and official travel from China, Indonesia, Japan, Malaysia, South Korea, and opened unilaterally to general visitors from Brunei, New Zealand, Vietnam and most of Australia.

This week, Singapore reduced its quarantine to just seven days for travelers from Hong Kong, from the previous 14 days. That has placed the city on a list of low-risk places.

International travel in Asia has collapsed during the pandemic due to border closures, with passenger numbers down 97% in August, said the Association of Asia Pacific Airlines.

Following the news, shares of Hong Kong airline Cathay Pacific jumped more than 7 percent in afternoon trading.

Hong Kong’s daily coronavirus infections have fallen mostly to single digits since August and have eased some social distancing restrictions. Singapore also has daily cases dropping below 10.




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The 5 richest countries in the world, 2 of them in Southeast Asia

ILLUSTRATION. The list of the 5 richest countries in the world is actually inhabited by countries that do not have a large area.

Author: Virdita ratriani

KONTAN.CO.ID – The list of the 5 richest countries in the world is actually inhabited by countries that do not have a large area. Two of them are in Southeast Asia.

Some small but wealthy countries benefit from having sophisticated financial sectors and tax regimes to attract foreign investment and professional workers into their territories.

From the list of the 5 richest countries in the world, three of them are in Asia. Meanwhile, two countries from the list are in the Southeast Asia region.

There are several things that make a country the richest country in the world. For example, from per capita income of the population to gross domestic income (GDP).

Also Read: Bahrain allows UAE-Israel flights across its airspace

List of the 5 richest countries in the world

Summarized from Global Finance, here’s a list of the 5 richest countries in the world:

1. Qatar

This country in the Middle East became the first richest country in the world with GDP reaching US $ 132,886.

The source of Qatar’s wealth is the country’s huge reserves of oil and gas and petrochemicals, ultramodern architecture, luxurious shopping centers, and culinary delights that can attract foreign investors and tourists to come.

While the population is very small, only 2.8 million people. This has allowed Qatar to top the list of richest countries in the world for 20 years.

However, Qatar is also one of the countries affected by the new corona virus pandemic, with more than 100,000 positive cases confirmed.

However, surprisingly, Qatar’s economy is projected to continue growing in the medium term amid increasing gas production and investment ahead of the 2022 World Cup.

Also Read: List of the 100 safest countries from Covid-19, Indonesia is ranked 97




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5 richest countries in the world, 2 of them in ASEAN

ILLUSTRATION. Logo of the 2020 World Cup at Doha Tower, Qatar REUTERS / Naseem Zeitoun

Reporter: Virdita Rizki Ratriani | Editor: Virdita ratriani

KONTAN.CO.ID – The list of the 5 richest countries in the world is actually inhabited by countries that do not have a large area.

Some small but wealthy countries benefit from having sophisticated financial sectors and tax regimes to attract foreign investment and professional workers into their territories.

From the list of the 5 richest countries in the world, three of them are in Asia. Meanwhile, two countries from the list are in the Southeast Asia region.

There are several things that make a country the nickname of the richest country in the world, for example, from the per capita income of its citizens to the amount of Gross Domestic Product (GDP).

Summarized from Global Finance, here’s a list of the 5 richest countries in the world:

Also Read: Bahrain allows UAE-Israel flights across its airspace

List of the 5 richest countries in the world

1. Qatar

This country in the Middle East became the first richest country in the world with GDP-PPP reaching US $ 132,886.

The source of Qatar’s wealth is the country’s huge oil, gas and petrochemical reserves, ultramodern architecture, luxury shopping centers, and culinary delights that can attract foreign investors and tourists to visit the country.

Meanwhile, the population is very small, reaching only 2.8 million people. This has made Qatar successfully top the list of richest countries in the world for 20 years. However, Qatar is also one of the countries affected by the corona pandemic with more than 100,000 confirmed positive cases.

However, surprisingly, the economy is projected to continue growing in the medium term amid increased gas production and investment ahead of the 2022 World Cup.

Also Read: List of the 100 safest countries from Covid-19, Indonesia is ranked 97



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