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Iran's military declared the Strait of Hormuz closed again on Saturday, prompting ships to abandon attempts to transit the waterway and President Donald Trump to warn Tehran against trying to "blackmail" the United States.
1 day agoThe move is part of the administration's effort to control global energy prices that have shot higher during the US-Israeli war on Iran. ...
1 day agoHowever, some prospective buyers said they may hold off on purchasing an EV if incentives are reduced. ...
1 day agoGerman industrial orders in January posted their biggest monthly fall in a year, data showed Friday, underlining the challenges faced by Europe's top economy before a new government takes office.
1 year agoThe first two months of the year saw the opening salvo of a renewed US-China trade war, with US President Donald Trump imposing an extra 10 percent levy on Chinese goods, arguing Beijing had not done enough to stem the flow of the deadly opioid fentanyl.
1 year agoTouting Beijing's cooperation in the fight against the fentanyl epidemic in the United States, Wang Yi said Washington should not "repay kindness with resentment, let alone impose tariffs without reason".
1 year agoThe middle class is not expanding fast enough to meet ambitious development goals, experts and businesses warn, which could scupper President Prabowo Subianto’s plans to boost economic growth to 8 percent and make Indonesia a developed country by 2045.
1 year agoThe US economy is set to experience some "disturbance" from tariffs, President Donald Trump said Tuesday, as trade tensions flare after he imposed sweeping levies on Mexico, Canada and China.
1 year agoCanada and Mexico, which have enjoyed a virtually tariff-free trading relationship with the US for three decades, were poised to immediately retaliate against their longtime ally.
1 year agoTSMC has already begun producing advanced 4-nanometer chips for US customers in Arizona.
1 year agoAsia’s trade environment is shifting rapidly, influenced by trends such as nearshoring, digital transformation and geopolitical realignments. With intraregional trade now making up 57 percent of Asia’s total trade, up from 54 percent in 2000, the region is more interconnected than ever.
1 year agoStrong domestic demand ahead of the fasting month drove Indonesia's manufacturing PMI to a new high last month, but analysts say declining export orders signal trouble ahead amid persisting cost pressures.
1 year agoLast month marks the first month of annual deflation since March 2000, BPS said.
1 year agoAsian share markets made guarded gains on Monday as investors waited anxiously to see if imminent tariffs would go ahead, while bitcoin surged on news it would be included in a new US strategic reserve of cryptocurrencies.
1 year agoThe Purchasing Managers' Index (PMI), a key measure of industrial output, came in at 50.2 in February, according to the National Bureau of Statistics (NBS), above the 50-point mark that separates growth and contraction.
1 year agoDeputy Cooperatives Minister Ferry Juliantono says that dozens of cooperatives have applied to obtain mining permits following the passage of a controversial revision to the 2009 Mining Law.
1 year agoAs an international bank with highly extensive experience in facilitating commerce, HSBC is offering Omni Collect to help streamline domestic payment and collections amid the flourishing digital economy in Southeast Asia.
1 year agoNational Economic Council (DEN) member Chatib Basri acknowledges that the current administration has little room to boost growth through monetary or fiscal policy, making structural reform the only viable option.
1 year agoThe President’s top adviser and brother has said several foreign investors have expressed interest in collaborating on national strategic projects in Indonesia's hydropower, geothermal and solar sectors alongside Danantara as coinvestor.
1 year agoVietnam's goods exports to the United States accounted for 30 percent of its gross domestic product last year, the highest share among US top trade partners, a Reuters review of public data shows, making the country highly vulnerable to reciprocal tariffs.
1 year agoThe drop in inventories in the world's second-largest palm oil producing country after Indonesia could support benchmark futures FCPOc3, and sustain the commodity's premium over competing oils.
1 year agoUS President Donald Trump has signed a memo calling for curbs on Chinese investments in strategic sectors like technology and critical infrastructure, a move Beijing slammed on Saturday as "discriminatory."
1 year agoIndia meets nearly two-thirds of its vegetable oil demand through imports, with palm oil mainly bought from Indonesia, Malaysia and Thailand, while soyoil and sunflower oil imported from Argentina, Brazil, Russia and Ukraine.
1 year agoA top adviser to President Prabowo Subianto has expressed confidence that Indonesia will achieve 8 percent year-on-year GDP growth in this year’s final quarter thanks to the government’s food and housing programs.
1 year agoThe European Union will seek more gas from countries including the United States to replace Russian supplies, and expand renewable energy faster to cut its overall reliance on the fuel, the EU's energy commissioner has said.
1 year agoAnalysts have warned that the situation may deteriorate further this year following the government’s decision to slash infrastructure spending, typically the sector’s main revenue source. They argue that consolidation among these firms is now more urgent than ever.
1 year agoIn 2020, the United States had already agreed to "a great trade deal with China" and a new deal was "possible," Trump told reporters.
1 year agoUS President Donald Trump said on Wednesday he will announce fresh tariffs over the next month or sooner, adding lumber and forest products to previously announced plans to impose duties on imported cars, semiconductors and pharmaceuticals.
1 year agoThe government’s massive budget cuts to fund the free meals program and shower the sovereign wealth fund with cash has garnered a mixed reception from economists, who say the cuts may be overly drastic but still preferable to issuing more debt.
1 year agoUS President Donald Trump expanded his offensive against trading partners on Tuesday, threatening 25 percent tariffs on imported cars, and similar or higher duties on pharmaceuticals and semiconductors.
1 year agoShipments of key Indonesian export commodities including iron and steel as well as crude palm oil (CPO) declined sharply in January, and economists project worse to come as higher US import tariffs hit global trade.
1 year agoAgriculture Minister Andi Amran Sulaiman said on Friday that domestic milk production could only cover around 20 percent of national demand, leaving the country to face a 4.9 million tonnes deficit.
1 year agoJapan's economic growth slowed sharply in 2024, cabinet office data showed on Monday, although the rate for the fourth quarter beat market expectations thanks to strong exports.
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