HALISTER: Buffett-Backed BYD Seeks Tesla-Like Buzz for Its Dynasty Cars

Buffett-Backed BYD Seeks Tesla-Like Buzz for Its Dynasty Cars

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
BRK/A US (Berkshire Hathaway Inc)
TSLA US (Tesla Motors Inc)
1211 HK (BYD Co Ltd)

People
Stella Li (Byd Co Ltd)
Warren Buffett (Berkshire Hathaway Inc)
Elon Musk (Tesla Motors Inc)
Wang Chuan-Fu (Byd Co Ltd)

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UUID: 7947283

HALISTER1: INSIDE INDONESIA: Rupiah Steady; Long Dated Bonds May Be Sold

INSIDE INDONESIA: Rupiah Steady; Long Dated Bonds May Be Sold

(Bloomberg) -- Rupiah little changed at 13,129 per dollar after gaining for the past 3 days. IDR’s top forecaster expects the currency’s rally to be derailed by the Fed and global headwinds.
  • Indonesia considers selling longer bonds for pension fund, Investor Daily Indonesia reports, citing vice FM Mardiasmo
  • Portfolio inflows, particularly for bonds, on the back of interest rate cuts and government stimulus measures will help support rupiah, ANZ analysts write in note dated April 11
    • However, the need to fund external deficit means IDR will remain vulnerable beyond near term as Fed is expected to hike rates further and global capital flows remain volatile
  • 5-year credit-protection costs for Indonesia dropped 3 bps yesterday to 205 bps, below 50-DMA at 220 bps: CMA data
  • USD/IDR is consolidating below its 50-DMA
    • 1st resistance: 13,245, March 31 low; 2nd at 13,329, 50- DMA; 3rd at 13,440, March 29 high
    • 1st support: 13,119, April 4 low; 2nd at 13,033, March 18 low; 3rd at 13,010, March 14 low
  • Global funds were net buyers of 1.5t rupiah ($114.2m) in Indonesian bonds on April 7, according to finance ministry data; net sellers of $32.7m in local equities yesterday: exchange data
  • 10-year govt bond yields steady at 7.541%
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: INSIDE PHILIPPINES: Peso Steady; Exports Fall More Than Estimate

INSIDE PHILIPPINES: Peso Steady; Exports Fall More Than Estimate

(Bloomberg) -- Peso little changed as exports fall 4.5% y/y in Feb. vs median est. of 3.2% decline in Bloomberg survey.
  • Vehicle sales rose 17% y/y last month, industry group says
  • Philippines needs stronger anti-money laundering law, World Bank said yesterday
  • Peso at 46.130 per dollar, according to bankers’ association data
    • USD/PHP has traded below 21-DMA, now at 46.304, since Feb. 24
  • Peso’s one-month forwards slide 0.1% to 46.17 per dollar
  • Remittance growth probably remained soft at +2.2% y/y in Feb., ANZ writes in April 11 note; says levels usually taper off in 1Q; sees 25 bps policy tightening in late 4Q, assuming implementation of interest-rate corridor in 2Q is policy neutral
  • NOTE: Feb.’s remittance data is due on April 15; median est. in Bloomberg survey is for 4.0% increase
  • International investors bought net $6.3m of local equities yesterday, first inflow in six days: exchange data
  • Yield on 8% govt bonds due July 2031 rises 2 bps to 3.9150%, according to Tradition pricing
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER: Buffett’s Business Wire Resumes Statements After Power Failure

Buffett’s Business Wire Resumes Statements After Power Failure

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
BRK/A US (Berkshire Hathaway Inc)

People
Richard Deleo (Business Wire)
Warren Buffett (Berkshire Hathaway Inc)
Cathy Tamraz (Business Wire Inc)
Robert Markel (Business Wire Inc)

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UUID: 7947283

HALISTER1: Rizal Bank CEO Sues Branch Manager Over Cyber Heist Testimony

Rizal Bank CEO Sues Branch Manager Over Cyber Heist Testimony

(Bloomberg) -- Rizal Commercial Banking President and CEO Lorenzo Tan filed on Monday civil complaint against former manager of Jupiter branch Maia Deguito for allegedly implicating him as mastermind of $81m money laundering, according to filing with Makati City court.
  • Tan, in e-mailed statement, accused Deguito of libel and false testimony given at Senate
  • Deguito lawyer Ferdinand Topacio indicated he wouldn’t make any immediate comment in response
  • NOTE: Senate to conduct 5th hearing Tuesday on how $81m funds stolen from Bangladesh foreign reserves found their way into Rizal Bank, moved to remittance co. Philrem Service Corp., transferred to casinos
  • Tan included Topacio in 31-page civil complaint where Tan is seeking 32m pesos for damages and reimbursement for legal costs
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
RCB PM (Rizal Commercial Banking Corp)

People
Lorenzo Tan (RCBC Savings Bank Inc)

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UUID: 7947283