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Economists interpret the rating agency’s latest assessment as a serious corrective signal, noting that a downgrade in Indonesia’s credit rating could sharply raise borrowing costs and pile pressure on the rupiah.
7 hours agoIn what appears to be a coordinated role swap, the President has appointed a former BI deputy governor to fill the deputy finance minister post left vacant by his nephew Tommy Djiwandono, who is set to take up his new job as BI deputy governor.
12 hours agoThe benchmark Jakarta Composite Index lost 2.5 percent while the rupiah dropped as much as 0.37 percent to 16,888 per dollar, its lowest since January 22 and down 1 percent for the year.
10 hours agoThe government has announced a temporary waiver on value-added tax (VAT) for airline tickets for the upcoming Idul Fitri holiday period, when travel demand spikes across the country.
13 hours agoGlobal stocks extended losses into a third day on Friday as a selloff on Wall Street intensified, leaving investors dazed as wrenching volatility gripped precious metals and cryptocurrencies.
15 hours agoIndonesian stocks and currency traded weaker in early trade on Friday after Moody's lowered the country's credit rating outlook, the latest jolt in a turbulent start to the year for Southeast Asia's largest economy.
15 hours agoRio Tinto has walked away from takeover talks with Glencore, ending months of negotiations over a tie-up that would have reshaped the global mining industry.
15 hours agoEconomic growth improved slightly last year but failed to meet the government’s target set out in the state budget.
1 day agoThe collaboration is expected to push digital innovation and ensure the safety, scalability and performance of organizations in Indonesia.
4 days agoStarlink collects vast amounts of user data, spanning location information, credit card information, contact information and user IP addresses.
6 days agoIndia's central bank has proposed that BRICS countries link their official digital currencies to make cross-border trade and tourism payments easier, two sources said, which could reduce reliance on the US dollar as geopolitical tensions rise.
2 weeks agoInitial figures showed platforms were taking meaningful action to remove underage users, Australia's eSafety Commissioner Julie Inman Grant said.
3 weeks agoThe climb-down by Musk, who initially laughed off the trend, highlights the difficulty of policing AI tools that make it cheap and easy to create explicit content. It is the latest clash between Europe and Musk, following rows over election interference, content moderation and free speech.
3 weeks agoIndonesian stocks and currency traded weaker in early trade on Friday after Moody's lowered the country's credit rating outlook, the latest jolt in a turbulent start to the year for Southeast Asia's largest economy.
15 hours agoThe figures come days after the country's stock market suffered its worst crash in decades after index compiler MSCI threatened a downgrade over the transparency of the free-float stocks.
1 day agoRio Tinto has walked away from takeover talks with Glencore, ending months of negotiations over a tie-up that would have reshaped the global mining industry.
15 hours agoThe region, which has trailed other parts of the world in recovering from the Covid-19 pandemic's impact on aviation, is now catching up fast as travel rebounds and new opportunities emerge, said the firm's vice president of commercial marketing Darren Hulst.
1 day agoAlphabet is taking on OpenAI with a gusto that underscores Wall Street's perception that the Google parent is the leader in AI, a turn of events from a year ago when investors thought it was badly lagging behind rivals and punished its stock.
1 day agoThe need for sustainable infrastructure has gained increasing prominence amid Indonesia’s efforts to accelerate national development in line with the government’s Asta Cita agenda. The challenges of climate change, development disparities and growing demand for a green economy have driven the adoption of new approaches that go beyond physical outputs, ensuring that social and environmental benefits are delivered to communities.
1 week agoThe benchmark Jakarta Composite Index lost 2.5 percent while the rupiah dropped as much as 0.37 percent to 16,888 per dollar, its lowest since January 22 and down 1 percent for the year.
10 hours agoGlobal stocks extended losses into a third day on Friday as a selloff on Wall Street intensified, leaving investors dazed as wrenching volatility gripped precious metals and cryptocurrencies.
15 hours agoAsian stocks fell Thursday to track more losses on Wall Street, where tech firms were again under pressure as fears over vast AI investments and extended valuations gained momentum.
1 day agoHigher palm oil imports by India, the world's largest buyer of vegetable oils, could help reduce inventories in top producers Indonesia and Malaysia, supporting benchmark Malaysian palm oil futures, while pressuring US soy oil futures.
3 days agoStocks rallied while precious metals and crude rebounded as some stability returned Tuesday following a rout fueled by a perfect storm that sent shivers through across Asian trading floors.
3 days agoOil prices tanked Monday on easing US-Iran tensions while precious metals swung wildly following last week's dollar-fueled collapse sparked by Donald Trump's hawkish pick to lead the Federal Reserve.
4 days agoShare your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.
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