![]() While 2012 saw overall net foreign inflows into Indonesian shares, there was a cumulative net outflow of $352 million in offshore equity mutual funds investing in the country last year, according to data from Lipper, a Thomson Reuters company.įor sure, some remain bullish on Indonesia, whose benchmark hit a record highs on Thursday and Friday. We might see foreign outflows for a while,” said Jemmy Paul, head of equities at Jakarta-based Sucorinvest Asset Management, which manages about $280 million. “We see foreign interest in Indonesia subsiding, especially in the second half of 2013. It jumped 87 percent in 2009 and 46 percent in 2010.) (In 2012, the benchmark index gained 13 percent. In late 2012, some foreign investors cashed in after years of gains to put their 2013 bets elsewhere. Throw in share prices that are high relative to earnings, forecasts for a pick-up in inflation in the new year and political uncertainty ahead of elections in 2014, and Indonesia has lost some shine. The domestic demand that shielded Southeast Asia’s largest economy from the global downturn and made it one of the world’s hottest emerging markets is part of the root of the problem, as imports are robust while commodity exports have faltered, creating worrying deficits. ![]() By 2025, HYZON's expected turn-key capacity will be more than 40,000 fuel cell vehicles annually.JAKARTA, Jan 7 (Reuters) - Indonesia’s benchmark index started 2013 with a record high, yet economic concerns could make fund investors turn away this year from a country that high domestic growth transformed into a popular safe haven during recent global turbulence.įor some foreign portfolio investors, the concern isn’t growth - Indonesia might again grow at least 6 percent - but a series of rare trade deficits and a shaky currency. HYZON expects to deliver thousands of fuel cell trucks and buses over the next three years. HYZON also launched its European operations in the Dutch City of Groningen with JV partner Holthausen Clean Technology. HYZON expanded existing operations by opening its new US headquarters and Engineering Center in Honeoye Falls, New York. HYZON Motors is a global supplier of hydrogen fuel-cell powered commercial vehicles, including heavy duty trucks, buses, and coaches. HYZON's innovative truck and bus designs incorporate industry leading fuel cell technology along with an extremely cost competitive hydrogen fueling capability". "HYZON presents a unique total cost of ownership opportunity for global fleet truck and bus operators. Walter Nasdeo, Ardour Managing Director and Chief Investment Officer of Ardour's asset management platform, New American Energy, commented: 11, 2020 /PRNewswire/ - Ardour Capital Investments, a leading investment bank focused on environmental technology and alternative energy, announced that it completed, as exclusive placement agent, an investment into hydrogen mobility and clean energy company HYZON Motors led by International broad energy group Total's venture capital arm, Total Carbon Neutrality Ventures.Īrdour has been active in the hydrogen fuel cell space since its founding in 2002 and sees considerable potential in HYZON's zero carbon transportation solution for heavy duty trucking.
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