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Jakarta to hand out seeds to small farmers

The Indonesian government will distribute 35 million seeds and seedlings of main commodities such as cacao, coffee and rubber to small-scale growers.
The Agriculture Ministry’s plantation director general, Bambang, said his office had distributed 25 per cent of them.
“The seeds and seedlings had been prepared since last year,” Bambang said in Jakarta, as reported by kompas.com.
Bambang was speaking at a press conference for the World Plantation Conference and Exhibition 2017 in Jakarta.
He said the funds for the 35 million seeds and seedlings had been allocated in the 2017 state budget to improve plantations nationwide. 
With the distribution of the seeds/seedlings, the growers are expected to be able to increase their production, Bambang said.
Previously, Coordinating Economic Minister Darmin Nasution stressed the importance of the seed distribution to increase productivity and improve the quality of life of growers.
In the 2017 state budget, the government allocated Rp 2.4 trillion (US$178 million) for the program in the 2017 state budget. The allocation will be increased to Rp 5.5 trillion next year. – The Jakarta Post

Cambodia bond market guide to spur interest

The Securities and Exchange Commission of Cambodia (SECC) says it will publish an updated Cambodia Bond Market Guide by the end of this year, with the hope that it will raise public awareness for the new financial tool that received a formal regulatory framework in August.
The announcement came as members of the SECC met with experts from the Asia Development Bank yesterday for a workshop meant to prepare Cambodian companies for the first issuance of a corporate bond.
Sok Dara, deputy director of SECC, said that the guide will be an important asset for firms and investors to learn about the financial tool. The guidebook will focus on teaching companies how to monitor the market as well as outlining the terms and conditions for bond issuance. 
Stakeholders in the market can take this guidebook and use it as a fundamental tool that will pave the way for investors, companies and other parties to learn more about this new market mechanism,” he said, adding that the document, once completed, will be publicly available on the SECC website. – The Phnom Penh Post

Axiata-Telekom re-merger seen boosting valuations

A potential re-merger in Malaysia between Axiata Group and Telekom Malaysia TM could reduce the valuation differential with Axiata’s peers, says AmInvestment Research.
The research firm has maintained its Buy call on Axiata with unchanged forecasts and a sum-of-parts-based fair value of RM 6.30 a share.
Axiata has been approved as one of the five participants in Indonesia's 2300MHz spectrum auction. The Indonesian government is auctioning 2 x 5mHz blocks of 2100MHz and a 30MHz block of 2300MHz.
AmInvestment Research notes that while XL Axiata has no need for additional 2100MHz spectrum, it has indicated interest in the 2300MHz band for the "right" price. 
“Assuming a 20-year amortisation charge and a final successful bid price which is 20 per cent above the reserve price, “it said.
"We view Axiata’s struggles in regaining forward momentum in subscribers and ARPUs in Malaysia and regionally as underpinning the need for the group’s re-merger catalyst with TM. – The Star
 

Published : October 17, 2017

By : Asia News Network