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Rising interest rates are driving up funding costs and squeezing net interest margins (NIM) of banks, with analysts saying lenders will need to step up operational efficiency to sustain profitability.
10 hours agoPresidential Chief of Staff Dudung Abdurachman revealed that state-owned surveyor PT Sucofindo, which administers the testing program, would soon release 85 delayed surveyor reports after they had indicated the presence of rare earth elements.
15 hours agoThe finance minister said the full year GDP growth this year was projected to hover between 5.6 and 6 percent despite the likelihood of a slowdown in the second quarter.
16 hours agoDespite an annual tobacco production shortfall of just 75,000 to 100,000 tonnes, Indonesia imports more than twice that volume from abroad.
17 hours agoSouth Korea's Kospi swung between gains and losses, with chip giants SK hynix and Samsung, which have been the poster boys of a month-long AI-themed rout, center of attention again.
19 hours agoCommunications and Digital Minister Meutya Hafid said the government had begun reviewing the Constitutional Court's ruling and would assess whether regulations needed to be revised.
23 hours agoThe purchasing managers’ index (PMI) climbed back above 50 last month as output edged higher and business confidence hit a six-month high, but weak exports and high input costs are keeping manufacturers wary.
1 day agoData from Statistics Indonesia (BPS), released on Monday, showed that the June shortfall narrowed from the $1.61 billion deficit recorded in May.
1 day agoThe "create image" tool, unveiled Thursday, had integrated Google's Nano Banana 2 image-generation technology into Google Earth, letting users zoom into locations and build pictures in seconds based on the program's satellite, aerial and 3D-mapping data.
3 days agoAI safety experts say the new disclosures paint a portrait of a group of cutting-edge labs whose ability to develop dangerous autonomous hacking agents outstrips their ability to keep them under control.
3 days agoThe announcement was made as President Lee Jae Myung visited San Francisco for talks with the heads of major US technology companies, including OpenAI CEO Sam Altman and Nvidia's Jensen Huang.
1 week agoIn the United States, Boring Company runs the Vegas Loop in Las Vegas, Nevada, which began transporting passengers in 2021.
1 week agoPresident Lee's push to make South Korea a central player in the global AI supply chain comes as demand for chips and computing infrastructure outpaces supply, driving tech companies into closer partnerships with the country's semiconductor and memory leaders.
1 week agoThe European Commission on Thursday fined Google 890 million euros (US$1 billion) for breaching the Digital Markets Act (DMA), the bloc's landmark law policing the conduct of dominant online platforms.
1 week agoUkraine has hit the warehouses of Russia's largest online retailer Wildberries around a dozen times since mid-July, killing at least eight people and knocking out a large chunk of the company's storage capacity.
2 days agoUS petroleum giants ExxonMobil and Chevron released blowout profits Friday due to the Middle East war, as executives cautioned that elevated gasoline prices will probably continue to strain consumers.
3 days agoHow BSD City and D-HUB SEZ are helping shape Indonesia’s journey toward Indonesia Emas 2045
6 days agoDespite an annual tobacco production shortfall of just 75,000 to 100,000 tonnes, Indonesia imports more than twice that volume from abroad.
17 hours agoSouth Korea's Kospi swung between gains and losses, with chip giants SK hynix and Samsung, which have been the poster boys of a month-long AI-themed rout, center of attention again.
19 hours agoThe yen leapt on Monday, keeping traders on alert for further intervention from authorities to shore up Japan's historically weak currency, days after Tokyo and Washington jointly intervened in the foreign exchange market.
1 day agoAsian markets rallied hard with Wall Street on Friday as South Korea's battered market made a record comeback, stirring hopes that the recent selloff in AI-linked assets may be near an end.
4 days agoBrent futures slipped below US$90 per barrel, after jumping over 7 percent a day earlier as fighting in the Middle East escalated, although data showed tankers continued to make their way out of the region despite the continued strikes.
5 days agoOil prices jumped after fresh attacks in the Middle East shattered the relative calm of recent days in the US-Iran war as investors fret about the impact of depleting supplies on prices and global rates.
6 days agoSK hynix and Samsung lost around 13 percent, dragging the Kospi index down 10.2 percent, having earlier been paused for a 20-minute circuit-breaker.
1 week agoConcerns about the sustainability of the AI boom and questions over the eye-watering sums pumped into the sector continue to dog traders, as tech firms bear the brunt of selling.
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