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Mining firms are urging the government to revise the domestic coal price benchmark, arguing that rising production costs make the current domestic market obligation (DMO) scheme unviable, even as authorities consider raising the mandatory sales quota.
9 hours agoPT Medco Power Indonesia plans to export its first green electricity to Singapore in 2028 as part of a broader strategy to tap the country’s vast renewable energy potential and rising regional demand.
14 hours agoBased on the latest projections, the Finance Ministry expects to collect less than half of what the state had hoped to secure from tax evaders by the end of the year.
16 hours agoJapan's economy shrank almost 2 percent in the three months through September, as a drop in exports in the face of US tariffs resulted in the first contraction in six quarters, government data showed on Monday.
19 hours agoAsian markets struggled Monday on simmering concerns that the Federal Reserve will not cut interest rates as hoped next month, while fears of a bubble continue to weigh on sentiment.
20 hours agoJordan's King Abdullah II has invited state asset fund Danantara to invest up to US$1.3 billion in infrastructure and energy projects in his country. The offer, extended during a two-day visit to Jakarta, opens the door to a major overseas move for the fund.
20 hours agoThe government’s move to effectively restrict new smelter projects has drawn industry concern over the scope of the smelter moratorium, specifically whether it applies to companies that secured their business licenses before the new rules took effect.
1 day agoThe Energy and Mineral Resources Ministry has approved the reopening of the Deep Mill Level Zone (DMLZ) and Big Gossan mines, both of which had been shut down as part of a broader halt following a deadly accident at the Grasberg mining site in September.
1 day agoGoogle-owned YouTube is now the leading destination for podcasts in the United States, with 33 percent market share according to Edison Research, and more than one billion consumers worldwide.
2 days agoA swarm of artificial intelligence "crawlers" is running rampant on the internet, scouring billions of websites for data to feed algorithms at leading tech companies - all without permission or payment, upending the online economy.
3 days agoAs AI adoption races ahead, the same tools driving personalization and efficiency are also unlocking new dangers, from biased credit scoring and data misuse to ever more cunning financial scams.
1 week agoOn a day when Facebook-parent Meta's share price plunged on the heels of disappointing quarterly earnings, demand for its bonds was reportedly four times greater than supply in a market keen to hold the social networking titan's debt.
2 weeks agoJapan's economy shrank almost 2 percent in the three months through September, as a drop in exports in the face of US tariffs resulted in the first contraction in six quarters, government data showed on Monday.
19 hours agoUS President Donald Trump on Friday rolled back tariffs on more than 200 food products, including such staples as coffee, beef, bananas and orange juice, in the face of growing angst among American consumers about the high cost of groceries.
1 day agoThe Trump administration has been stepping up efforts to convince Americans of the economy's strength as affordability concerns emerged as a key issue in this month's elections for New York City mayor, and the governors of New Jersey and Virginia.
2 days agoChina's factory output and retail sales grew at their weakest pace in over a year in October, piling pressure on policymakers to revamp the US$19 trillion export-driven economy as mounting supply and demand strains threaten to further curtail growth.
3 days agoToday’s business and financial environment is becoming increasingly complex, driven by persistent geopolitical tensions, trade disruptions and volatile markets.
4 days agoAsian markets struggled Monday on simmering concerns that the Federal Reserve will not cut interest rates as hoped next month, while fears of a bubble continue to weigh on sentiment.
20 hours agoStocks and gold paused for breath on Thursday as the US Congress voted to end the longest government shutdown on record, with markets waiting for the resumption of US economic data to gauge the rates outlook.
4 days agoEquities rose in Asia on Wednesday as the US shutdown nears an end and after fresh jobs data boosted the chances of a third successive Federal Reserve interest rate cut.
5 days agoAsian markets rose Thursday to claw back some of the previous day's hefty losses as investors tracked a bounce on Wall Street sparked by jobs data that soothed worries about the US economy.
1 week agoTech companies led a sharp sell-off across Asia on Wednesday as investors grow increasingly worried about an AI bubble following a rally this year that has seen valuations hit record highs.
1 week agoThe eight key members of the OPEC+ alliance, including Saudi Arabia and Russia, on Sunday said they had agreed a further slight hike to their oil production.
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