Halong export seafood processing joint stock company

Share to Twitter Share to Linkedin Indonesia’s Harita Group is selling shares in its nickel unit Trimegah Bangun Persada in a large initial public offering that could make the net worth of billionaire owner Lim Hariyanto Wijaya Sarwono soar. According to the company’s prospectus , Trimegah Bangun Persada will raise between 14.7 trillion rupiah ($960 million) and 15.1 trillion rupiah ($983 million) by offering up to 12.1 billion shares, or 18% of its total, at a price range of 1,220 rupiah to 1,250 rupiah. The Indonesian miner is aiming to tap rising demand for materials needed to make batteries for electronic vehicles. Trimegah Bangun Persada was founded in 2004, and bought three years later by Harita Group. It has a concession to mine nickel on Obi Island in North Maluku province. Underwriters for the IPO include, among others, BNP Paribas, Citi, Credit Suisse and Mandiri Sekuritas. The shares will begin to trade on the Indonesian Stock Exchange … [Read more...] about Indonesia’s Harita Group Aims To Raise Nearly $1 Billion In Nickel Unit IPO

Share to Twitter Share to Linkedin On March 19 th , 2023, Kazakhstan held competitive elections for its lower house – the Mazhilis – to decide the political direction of the young democracy established after the collapse of the Soviet Union. Despite some reported problems , the parliamentary elections were the freest in the country’s history and a vital step forward for Kazakhstan’s democratization and political pluralism. These election results are not only domestically important, serving to boost President Kassym-Jomart Tokayev’s reform agenda, but vital internationally, for their geopolitical and economic impact. Yet, the great powers, China and Russia, and even the Central Asian neighbors, were less than enthusiastic about Kazakhstan democratic progress, as their internal vectors are pointing in the opposite direction. Kazakhstan is important strategically and economically. It is the size of Western Europe and spans two times zones … [Read more...] about Kazakhstan’s Parliamentary Elections Affect Energy Flows From Eurasia

President Yoon Suk Yeol speaks on the normalization of Korea-Japan relations at a Cabinet meeting held at the presidential office in Yongsan, central Seoul, Tuesday. [JOINT PRESS CORPS] South Korea's Foreign Ministry confirmed Tuesday that the government has fully restored the General Security of Military Information Agreement (Gsomia), the country's bilateral military intelligence-sharing with Japan. The Foreign Ministry said that it had notified Japan through diplomatic channels of its decision to formally withdraw its 2019 suspension of Gsomia, completing a technical process, as a follow-up to the bilateral summit between President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida last week. The two leaders during the bilateral summit last Thursday agreed to normalize Gsomia, a move to strengthen bilateral security cooperation, particularly regarding North Korea's nuclear and missile threats. President Yoon in a televised Cabinet meeting Tuesday stressed the … [Read more...] about Korea fully restores military intel pact with Japan

Lee Won-duk The author is a professor of Japanese studies at Kookmin University and an advisor to the JoongAng Ilbo’s Reset Korea Campaign. President Yoon Suk-yeol’s foreign policy initiatives — starting with his presentation of a solution to the issue of compensation for Japan’s wartime forced labor and his summit with Japanese Prime Minister Fumio Kishida in Tokyo — will be backed by his visit to Washington for a summit with U.S. President Joe Biden and his participation in the G7 Summit in Hiroshima. The diplomatic itinerary represents his determination to resolve the complex diplomatic equation Korea faces. The wartime forced labor is an issue of “history” between Korea and Japan. Since 2012, Korean governments shunned dealing with the issue for fear of its repercussions. During his term, President Moon Jae-in said it was undesirable to liquidate the Japanese wartime employers’ assets in Korea to compensate the victims after the Supreme Court’s ruling in favor of the … [Read more...] about [Column] Toward a new Korea-Japan partnership

Share to Twitter Share to Linkedin What happens when you repeatedly let cocaine dealers, crooks, and kleptocrats use your bank? The Swiss National Bank approves you for a loan up to 50 billion francs ($54 billion). Credit Suisse demonstrated yet again the advantage of being a global systemically important bank . Central banks, bank regulators and treasuries rescue big banks for fear of the havoc that Too Big To Fail banks can cause around the globe. A Decades-Long History Of Trouble Tuesday, Credit Suisse announced significant weaknesses in its financial reporting in 2021 and 2022. This is hardly the first time that Credit Suisse has shown its significant operational risk exposure, that is, problems with its employees, processes, and technology. In their February 2022 article for The Guardian , Crooks, Kleptocrats, and Crises , Kalyeena Makortoff and David Pegg walked us down an over two-decade memory lane of recidivist behavior at Credit Suisse. … [Read more...] about From Ferdinand Marcos To Russian Oligarchs, Troubled Credit Suisse Is A Repeat Offender

Blacklisted Bitcoin? Frankfurt’s Bankhaus Scheich has a budding business cleaning crypto and getting it back into circulation. J ust before sunset on a chilly Spring day in 2019 armed German special agents broke down the door to the Frankfurt home of a 22-year-old hacker who the government has only identified as Coder420, the developer of a dark web exchange called Wall Street Market. At its peak, the enterprise was the largest of its kind, conducting about €50 million in sales between October 2016 and April 2019, selling everything from cocaine to credentials. At the time of Coder420’s arrest, he had roughly 1,000 bitcoins, then worth $5.5 million. The operation was a huge success. The German state of Hesse, home to Germany’s finance capital Frankfurt, seized 2,200 bitcoin and other cryptocurrencies from Coder420 and two collaborators. “It was a classical takedown of a darknet marketplace,” says Jana Ringwald, 41, a senior prosecutor for the attorney general of Frankfurt. … [Read more...] about Legal Money Laundering: How A German Bank Is Cleaning Tainted Bitcoin And Other Dirty Cryptos

The controversy over proposed state and federal bans of Chinese-produced apps has sparked debate about the wisdom of country-of-origin bans in general. On the surface, banning TikTok and other controversial products coming from China appears reasonable. But the deeper you dig, the less these ideas make sense. This is especially true when bans are based on national security concerns and talked about in the context of “decoupling” our economy from China’s. National security is important, of course, but abusing this argument to blindly close off America to Chinese imports may isolate us in ways that could weaken our security. This is true even if one agrees that China engages in forced technology transfer, forced labor and other terrible behaviors. National security is an elusive concept. Politicians have long understood the potency of waving the national-security flag to push policies, even if unrelated to national security. Since the cost of government meddling in the economy is … [Read more...] about VERONIQUE DE RUGY: Here Are The Major Downsides To Banning Chinese Products That Politicians Ignore

MANILA, Philippines—Cargill Philippines Inc. and the Philippine Business for Social Progress (PBSP) on Wednesday announced a joint project meant for the rehabilitation of coconut farms in Leyte that Super Typhoon Yolanda ravaged in November 2013. The project, which costs P11 million, is designed to have a total of 140,000 seedlings planted in 600 hectares of farm over a two-year period starting in the second half of 2014. Cargill officials said in a briefing the initiative will roll out in Barangay (village) Inangatan in Tabango, Leyte. PBSP and the company will work with the Philippine Coconut Authority and the Department of Agriculture, as well as the Visayas State University, to plant 35,000 seedlings of the fast-growing variety in 150 hectares of farms for the initial half year of implementation. Also, these farms will be intercropped with corn to maximize the use of the land and the farmers’ time while waiting for the coconuts to be productive. Aside from the propagation … [Read more...] about Cargill to rehab Visayas coconut farms