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INDONESIA MUST ACCELERATE DELIVERY OF DIGITAL STRATEGY TO ACHIEVE GOVERNMENT'S "TOP 10 GLOBAL ECONOMY BY 2030" AMBITIONS, SAYS GSMA REPORT

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금요일, 12월 8, 2023

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JAKARTA, Indonesia, Dec. 8, 2023 /PRNewswire/ -- The Indonesian government has made strong steps towards becoming a leading digital nation, according to a report published today at the GSMA's Indonesia Digital Nations Summit in Jakarta. However, the country needs to adopt a "whole-government" approach and be more joined-up around critical policy requirements, if Indonesia is to achieve its goals of digitally transforming society and becoming a top 10 global economy by 2030.

Key Points:

By doing so, Indonesia stands to unlock circa $18 billion in investment from the mobile industry between 2024 and 2030, mostly on 5G networks.
Digital nations incorporate digital technologies and services into all sectors of the economy, with the aim to drive productivity and improve the livelihoods of citizens.
The report findings were published as the GSMA hosted its Indonesia Digital Nations Summit at The Westin Jakarta.
To download the Indonesia Digital Nations report, please click here .

CELEBRATE A MEMORABLE FESTIVE MOMENT AT THE RITZ-CARLTON, BALI

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화요일, 12월 5, 2023

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BALI, Indonesia, Dec. 4, 2023 /PRNewswire/ -- This year, The Ritz-Carlton, Bali, invites guests to experience and celebrate the most anticipated time of the year at the award-winning tropical beachfront resort. The resort has curated exciting activities and a dining program to help guests reconnect with their loved ones for this year-end holiday, special menus and wellness offerings to family-friendly activities inspired by the resort's surroundings and rich Balinese culture.

Key Points:

BALI, Indonesia, Dec. 4, 2023 /PRNewswire/ -- This year, The Ritz-Carlton, Bali, invites guests to experience and celebrate the most anticipated time of the year at the award-winning tropical beachfront resort.
"Celebrate the festive season with fun-filled holiday activities, a sumptuous dining program, or find serenity with sea-inspired treatments at our The Ritz-Carlton, Spa," said Subin Dharman, General Manager of The Ritz-Carlton, Bali.
"Our Ladies and Gentlemen are committed to providing genuine service and comfort while you stay with us for a memorable festive holiday," he added.
Feast on a sumptuous Indonesian buffet spread specially curated by our talented culinary team to celebrate a memorable year-end at Bejana.

GSMA WARNS OF $14BN (IDR 216TN) PRODUCTIVITY LOSS TO INDONESIAN ECONOMY UNLESS FUTURE MOBILE SPECTRUM PRICES ARE SUSTAINABLE

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목요일, 11월 9, 2023

JAKARTA, Indonesia, Nov. 9, 2023 /PRNewswire/ -- With new mobile spectrum auctions fast approaching in Indonesia, a new report by the global mobile industry association, the GSMA, has warned that the country's roadmap for digital transformation could be held back, unless it reassesses how it prices 5G mobile spectrum.

Key Points:

With spectrum supply set to expand significantly in Indonesia, GSMA analysis shows that, to avoid total costs spiralling, a reduction in unit spectrum prices is vital.
Lower Reserve Prices: The GSMA recommends setting more conservative reserve prices for upcoming auctions of new spectrum bands.
Future-Proof Clear Spectrum Roadmap: Indonesia should lay a robust foundation for its mobile ecosystem by crafting a clear and comprehensive spectrum roadmap.
This additional spectrum will more than double the current total supply of mobile spectrum.

BRI's Financial Performance Draws Analysts' Recommendations for its Shares

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목요일, 11월 9, 2023

ROA, Yoy, CAR, MSME, US, Government, Santana's El Nino, Pressure, IDX, Projection, Multimedia, ROI, Growth, BBRI, GGM, CGS, Price, BRI, DuPont, IDR, Chartered Financial Analyst, Security (finance), Bank

(IDX: BBRI)'s financial performance in Q3 2023 has ignited recommendations among analysts, who now advise 'buy' or 'hold' due to promising performance in the microsegment sector.

Key Points:

(IDX: BBRI)'s financial performance in Q3 2023 has ignited recommendations among analysts, who now advise 'buy' or 'hold' due to promising performance in the microsegment sector.
PT UBS Sekuritas Indonesia's report raises BRI's target price to IDR 6,925, a 2-3% increase from their previous projection of IDR 6,700.
Furthermore, BNI Sekuritas targets BRI's price at IDR 6,000, in line with its current 1-year Price-to-Book Value of 2.3x, matching its 5-year average.
Despite asset quality challenges in Q3-2023 for mass-market-focused financial institutions, Q4 improvements propelled by election-related funding are expected.

Credit Surges by 12.53%, BRI's Profit Soars to IDR 44.21 Trillion in 9 Months

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수요일, 11월 1, 2023

(IDX: BBRI) grew by 9.93% to IDR 1,851.97 trillion, net profits increased by 12.47% to IDR 44.21 trillion, and credit disbursement rose by 12.53% to IDR 1,250.72 trillion in the first nine months of 2023.

Key Points:

(IDX: BBRI) grew by 9.93% to IDR 1,851.97 trillion, net profits increased by 12.47% to IDR 44.21 trillion, and credit disbursement rose by 12.53% to IDR 1,250.72 trillion in the first nine months of 2023.
BRI's entire credit portfolio grew, with MSME loans up by 11.01% from IDR 935.86 trillion in Q3 2022 to IDR 1,038.90 trillion in Q3 2023, now accounting for 83.06% of the total credit.
Furthermore, the bank's commitment to ESG principles is shown by an 11.89% growth in ESG-related loans, totaling IDR 750.91 trillion, making up 66.1% of the credit portfolio.
Maintaining credit quality lowered Credit Cost to 2.44% in Q3 2023, with Non-Performing Loan Coverage at 228.65%.

NCLA Asks Appeals Court to Block Unlawful Biden Scheme Trying to Cancel Student Loan Debt

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화요일, 10월 10, 2023

Moving on an accelerated schedule to deter court review, the Department of Education announced the unlawful plan in July before the ink was dry on the Supreme Court opinion striking down its old $430 billion student loan debt cancellation plan.

Key Points:

Moving on an accelerated schedule to deter court review, the Department of Education announced the unlawful plan in July before the ink was dry on the Supreme Court opinion striking down its old $430 billion student loan debt cancellation plan.
On October 4, President Biden announced an additional $9 billion in student loan debt cancellation, including $5.2 billion for PSLF borrowers and $2.8 billion for IDR borrowers.
NCLA released the following statements:
“The Supreme Court has declared unlawful the Administration’s $430 billion student loan program to cancel student loan debt by administrative fiat without involving Congress.
The Department of Education’s ongoing campaign to cancel billions of dollars of student loans by rewriting statutes is disgraceful and despotic.”

NCLA Asks Appeals Court to Block Unlawful Biden Scheme Trying to Cancel Student Loan Debt

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화요일, 10월 10, 2023

Moving on an accelerated schedule to deter court review, the Department of Education announced the unlawful plan in July before the ink was dry on the Supreme Court opinion striking down its old $430 billion student loan debt cancellation plan.

Key Points:

Moving on an accelerated schedule to deter court review, the Department of Education announced the unlawful plan in July before the ink was dry on the Supreme Court opinion striking down its old $430 billion student loan debt cancellation plan.
On October 4, President Biden announced an additional $9 billion in student loan debt cancellation, including $5.2 billion for PSLF borrowers and $2.8 billion for IDR borrowers.
NCLA released the following statements:
“The Supreme Court has declared unlawful the Administration’s $430 billion student loan program to cancel student loan debt by administrative fiat without involving Congress.
The Department of Education’s ongoing campaign to cancel billions of dollars of student loans by rewriting statutes is disgraceful and despotic.”

ASEAN High-Level Forum 2023: Disability Inclusive Development and Partnership beyond 2025

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화요일, 10월 10, 2023

This is one of the main issues that emerged in the ASEAN High-Level Forum on Disability Inclusive Development and Partnership beyond 2025.

Key Points:

This is one of the main issues that emerged in the ASEAN High-Level Forum on Disability Inclusive Development and Partnership beyond 2025.
The participants in this forum consist of Ministers and ASEAN Senior Officials who are responsible for social welfare and development in related sectoral bodies, ASEAN affiliated entities and partners.
A number of speakers appeared on the first day of AHLF who focused on identifying challenges in ASEAN to strengthen disability inclusive development.
Fulfilling disability rights is an effort to realize Indonesia's human development design where no one is left behind, including those with disabilities.

BRI Strengthens Commitment to Sustainable Finance with New Green Bonds

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수요일, 10월 4, 2023

The 2023 Green Bonds Phase II was oversubscribed 2.66 times during the book-building period, reaffirming BRI as Indonesia's largest domestic green bonds issuer after an IDR 5 trillion issuance in 2022.

Key Points:

The 2023 Green Bonds Phase II was oversubscribed 2.66 times during the book-building period, reaffirming BRI as Indonesia's largest domestic green bonds issuer after an IDR 5 trillion issuance in 2022.
Proceeds from the Green Bonds issuance will mainly support renewable energy, energy efficiency, pollution control, eco-friendly transportation, and sustainable land use projects.
This highlights BRI's commitment to a Green Economy and Sustainable Principles, with previous issuances including Sustainable Bonds, Sustainable-Linked Loans, Medium-Term Notes, and Subordinated Debt.
"The Green Bonds issuance also saw demand from retail investors, showcasing BRI's commitment to the government's financial inclusion strategy.

GH Research Provides Updates and Guidance on its Clinical Development Program for GH001 in Treatment-Resistant Depression

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금요일, 9월 29, 2023

Psychiatry, IDR, New Drug Application, GHRS, DSM-IV codes, CFR, MADRS, Patient, Grammatical mood, Research, FDA, Letter, TRD, IND, Regulation of food and dietary supplements by the U.S. Food and Drug Administration, Food, Pharmaceutical industry, European

DUBLIN, Ireland, Sept. 29, 2023 (GLOBE NEWSWIRE) -- GH Research PLC (Nasdaq: GHRS), a clinical-stage biopharmaceutical company dedicated to transforming the treatment of psychiatric and neurological disorders, today provided updates and guidance on its clinical development program for GH001, its proprietary inhalable mebufotenin (5-MeO-DMT) product candidate, in treatment-resistant depression (TRD).

Key Points:

DUBLIN, Ireland, Sept. 29, 2023 (GLOBE NEWSWIRE) -- GH Research PLC (Nasdaq: GHRS), a clinical-stage biopharmaceutical company dedicated to transforming the treatment of psychiatric and neurological disorders, today provided updates and guidance on its clinical development program for GH001, its proprietary inhalable mebufotenin (5-MeO-DMT) product candidate, in treatment-resistant depression (TRD).
The double-blind phase is followed by a 6-month open-label extension phase where all patients can receive treatment with the GH001 IDR as-needed, based on the patient’s clinical status.
We are awaiting that follow-up letter from the FDA and look forward to working with them to resolve any outstanding concerns.
We plan to provide an update in our next earnings release in November 2023.