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A coal barge sails the western Java Sea on Oct. 31, 2023, as it heads to a coal terminal near the Suralaya coal-fired power plant in Cilegon, Banten.
A coal barge sails the western Java Sea on Oct. 31, 2023, as it heads to a coal terminal near the Suralaya coal-fired power plant in Cilegon, Banten.`
Regulations premium

Govt to establish new domestic mineral exchange

The government plans to launch a new exchange for minerals and strategic commodities next year. The initiative will allow Indonesia to establish benchmark prices and is hoped will strengthen the country’s position as a key global mineral producer, as well as enhance transparency in commodity trading.        

4 hours ago
Markets

Rout in Seoul stocks leads Asian losses as AI tech rally hits wall

Seoul's Kospi stock index dived more than 8 percent to lead a rout across Asia on Monday as tech firms were hammered and strong US jobs data fueled bets on a Federal Reserve interest rate hike.

4 hours ago
Economy premium

Gas shortages raise deindustrialization risks

The limited supply of subsidized gas priced at US$7 per MMBTU has forced many manufacturers to source additional gas at prices ranging from $11.5 to $15 per MMBTU.

5 hours ago

The Latest

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Markets

China, Hong Kong stocks hit two-month lows but investors see buying opportunity

China and Hong Kong stocks slid to their lowest levels in two months on Monday, tracking a global tech selloff, but pared losses by midday with some investors using the correction as a buying opportunity.

7 hours ago
Markets

Dollar climbs to two-month peak as Fed hike bets ramp up

The dollar was perched near a two-month high on Monday after a blowout US jobs report sent traders ramping up bets on a Federal Reserve rate hike this year, while the yen teetered further into the intervention zone.

10 hours ago
Regulations premium

New export earnings rules raise concerns over banking competition

The impact of the regulation on the banking industry would be uneven, as private banks may lose up to half of their export forex funds.

13 hours ago
Economy premium

Tax revenue grows considerably in May, Purbaya says

The finance minister has hailed "real improvement" across the board in tax collection, which the government said was the result of stronger economic activity and improved implementation of the Coretax platform.

1 day ago
Companies

Indonesian hotel chain confirms exit from Cuba

Foreign businesses including several international hotel chains have ended or vastly reduced their presence in Cuba ahead of a Friday deadline from US President Donald Trump to sever ties with military conglomerate GAESA, which controls much of the island's economy and is sanctioned by Washington.

1 day ago
tech

The vitality of volcanoes: a new method in the fight against stunting

Jadrianna Sutrisno, 16-year-old student from Jakarta Intercultural School (JIS), examines the correlation between soil used for agriculture complemented by volcanic ash, and the statistics of stunting in each province.

3 days ago
tech

Anthropic calls for pause of global AI development

Artificial intelligence company Anthropic suggested Thursday a global pause on building the most powerful AI systems as the latest models are beginning to show signs they could escape human control.

3 days ago
tech

UK allows websites to opt out of Google AI search

Website publishers, particularly media outlets, claim that artificial intelligence models take their content without compensation.

5 days ago
tech

EU to unveil plan to wean itself off US, Asia tech

The EU will set out on Wednesday how the 27-country bloc hopes to slash its dependence on American and Asian technology, and favor European digital alternatives.

5 days ago
tech

From lottery draws to fiscal spending, China broadens digital yuan footprint

China's central bank is making a broad push to increase the use of digital yuan at home and abroad, several industry sources said, setting Beijing on a different – and potentially competing – path from the United States in shaping the future of money.

1 week ago
companies

Indonesian hotel chain confirms exit from Cuba

Foreign businesses including several international hotel chains have ended or vastly reduced their presence in Cuba ahead of a Friday deadline from US President Donald Trump to sever ties with military conglomerate GAESA, which controls much of the island's economy and is sanctioned by Washington.

1 day ago
companies

Mixue to expand market, investment in Indonesia

The Chinese beverage company, famed for its boba teas and sundaes, is focusing on market expansion as part of its long-term development strategy for Indonesia.

1 day ago
companies

Airline chiefs grapple with fuel shock, fare test at Rio summit

Global airline chiefs open their annual summit in Rio de Janeiro on Saturday facing a sharper test of the industry's post-pandemic recovery, as the Iran war drives up fuel costs and disrupts airspace while carriers try to cushion the blow with higher fares and tighter capacity.

1 day ago
companies

SoftBank vows to spend $87.5 billion on AI centers in France

Japanese tech investor SoftBank will spend 75 billion euros (US$87.5 billion) on artificial intelligence infrastructure in France, its founder Masayoshi Son told a French newspaper in an interview released Saturday.

1 week ago
regulations

Chinese investors scout alternatives as policy changes bite

Tsingshan Group is considering a major development in Madagascar, the country's mines ministry said, while Lygend Resources, opens new tab is looking at a project in Tanzania as well ‌as restarting the Koniambo operation in New Caledonia, according to industry sources.

3 days ago
regulations

Indonesia passes bill allowing lawmakers to evaluate central bank performance

As the rupiah plummeted to a historic low against the dollar, the House gave the green light for a legislative amendment that has raised alarm bells over central bank independence.

4 days ago
regulations

US proposes tariffs of 10% or 12.5% on goods from 60 economies over forced labor failures

The trade agency said it would impose additional duties of 12.5 percent on the remaining 45 countries that it investigated.

5 days ago
markets

Rout in Seoul stocks leads Asian losses as AI tech rally hits wall

Seoul's Kospi stock index dived more than 8 percent to lead a rout across Asia on Monday as tech firms were hammered and strong US jobs data fueled bets on a Federal Reserve interest rate hike.

4 hours ago
markets

China, Hong Kong stocks hit two-month lows but investors see buying opportunity

China and Hong Kong stocks slid to their lowest levels in two months on Monday, tracking a global tech selloff, but pared losses by midday with some investors using the correction as a buying opportunity.

7 hours ago
markets

Dollar climbs to two-month peak as Fed hike bets ramp up

The dollar was perched near a two-month high on Monday after a blowout US jobs report sent traders ramping up bets on a Federal Reserve rate hike this year, while the yen teetered further into the intervention zone.

10 hours ago
markets

BI, Finance Ministry agree to boost asset yields to aid rupiah

Bank Indonesia (BI) and the Finance Ministry on Saturday agreed to increase yields on Indonesian assets to attract portfolio inflows and support the rupiah, after the currency hit record ​lows in the past few weeks.

1 day ago
markets

Yen hits key 160 level for third session, dollar buoyed by Gulf woes

The Japanese yen is testing the 160 barrier on Friday, prompting pushback from Japanese officials, while the US dollar is on track for a weekly gain as Gulf tensions fuel safe-haven flows.

3 days ago

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