The state-owned oil and gas giant's renewable energy arm is aiming to increase capacity at its geothermal plants to capitalize on future growth in both carbon credit demand and prices.
1 day agoAsian stocks inched lower on Friday as traders pondered the near-term US monetary policy path after Federal Reserve officials suggested that interest rates may need to stay higher for longer even as inflation shows early signs of easing. ...
2 days agoAsian stock markets rallied on Thursday, buoyed by Wall Street's surge to all-time peaks overnight after a milder US inflation report raised expectations the Federal Reserve will deliver at least two rate cuts this year. ...
3 days agoAsian markets rose Thursday after US data provided a fresh indicator that inflation was easing and Federal Reserve boss Jerome Powell soothed worries about the bank's plans to cut interest rates this year.
1 month agoThe dollar held near an over four-month peak on Wednesday, pinning the yen close to its lowest its decades though the heightened threat of currency intervention by Tokyo capped further declines in the Japanese currency.
1 month agoAsian markets tumbled Wednesday as investors grow increasingly skeptical that the Federal Reserve will cut interest rates as much as hoped this year, while a massive earthquake in Taiwan added to the sense of gloom.
1 month agoDespite being in the red for most of Tuesday, the IDX Composite strengthened at the market closing amidst strengthening stock exchanges in other parts of Asia.
1 month agoThe price has passed the government’s assumption stipulated in the state budget set at $80 per barrel this year.
1 month agoAsian stocks rose on Tuesday and the dollar firmed, keeping the yen pinned near the 152-per-dollar levels that has traders worried about possible intervention, as expectations that the Federal Reserve was close to cutting interest rates faded.
1 month agoAs the second quarter of 2024 begins, the IDX Composite fell 1.15 percent. Insights about inflation and sectoral shifts have emerged amid market activity and the upcoming holiday.
1 month agoChinese shares led a rally around most of Asia on Monday amid a broadly optimistic global economic backdrop, but Japanese shares tumbled with the yen pinned near levels that have traders on guard for a currency intervention.
1 month agoThe IDX Composite declined for a second consecutive day on Thursday, the last trading day of the week, slipping 0.29 percent to close at 7.288,81.
1 month agoAsian investors trod carefully Thursday after a Federal Reserve official floated the idea of delaying or reducing interest rate cuts, while the yen held gains having briefly hit a 34-year low the day before.
1 month agoThe fall raised speculation that authorities would step into markets to support the currency after officials warned in recent days against speculation.
1 month agoAsian equities climbed on Tuesday but could not break this month's highs as mixed messages from US Federal Reserve policymakers left doubts hanging over the timing of interest rate cuts.
1 month agoBeekeepers in Java and Sumatra lament a lack of government support and note that Vietnam has created honey quality benchmarks and provides bees and land for farmers.
1 month agoIndonesia's palm oil product exports slipped in January and February, raising concerns less of the edible oil will be available domestically because of the tie between overseas sales quotas and internal quotas, official said on Monday.
1 month agoAsian markets were mixed on Monday as investors set their sights on the release of key US inflation data due at the end of the week.
1 month agoThe emergence of a food-versus-fuel dilemma in Indonesia has added to concern that a push for palm oil-based biodiesel will drive deforestation.
1 month agoThe Indonesia Stock Exchange (IDX) Composite rose 0.16 percent on Friday to finish the trading day at 7,350.15, making for a 0.30 percent weekly increase and a 1.06 percent year-to-date increase.
1 month agoSubstantial amounts of international investment have been pulled out of Indonesian bonds following Prabowo Subianto’s win in the general election.
1 month agoAsian stocks were near a weekly gain on Friday and the Nikkei charged to a record high, riding a rally from its global counterparts after a surprise rate cut from the Swiss National Bank had investors wagering who could be next.
1 month agoGold rallied to a fresh record above $2,200 on Thursday as traders welcomed a Federal Reserve signal that it would cut interest rates three times this year.
1 month agoAsian markets rallied Thursday after Wall Street's record-breaking day as traders welcomed news that the Federal Reserve still saw three interest rate cuts this year even after recent data pointed to a bounce in inflation.
1 month agoThe US Federal Reserve voted Wednesday to keep interest rates at a 23-year high for a fifth consecutive meeting, while signaling it still expects to make three cuts this year.
1 month agoThe IDX Composite declined by 0.08 percent to 7,331.13 at the market close on Wednesday as BI finally announced that it would keep the interest rate at 6 percent.
1 month agoAsian shares were hesitant on Wednesday on concerns the Federal Reserve could signal a slower path of rate cuts this year, while the yen plumbed a fresh four-month low on expectations that policy in Japan will remain accommodative for a while longer.
1 month agoThe IDX Composite rose 0.47 percent despite recent declines. Investors are waiting for Bank Indonesia and the US Fed benchmark interest rate decisions, which will come out this week.
1 month agoJapanese shares fell on Tuesday along with regional markets, while the yen was steady heading into a pivotal Bank of Japan meeting that could end eight years of negative interest rates and usher in the nation's first policy tightening since 2007.
2 months agoAsian shares firmed on Monday as Chinese data surprised on the upside for once, while investors looked to navigate a minefield of central bank meetings this week that could see the end of free money in Japan and a slower glide path for US rate cuts.
2 months agoThe IDX Composite fell by 1.42 percent on Friday, following a downward trend in Asian and global stock markets.
2 months agoBitcoin eased to a one-week low in volatile trade on Friday, as investors took profit from its run to a record high and as another upside surprise on US inflation dimmed prospects of early rate cuts there and dented demand for riskier assets.
2 months agoAsian stocks slumped on Friday, tracking tech-led declines on Wall Street overnight after hotter-than-forecast US inflation knocked back bets for how soon and often the Federal Reserve will cut interest rates.
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