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According to Bloomberg, Haji Isam previously offered around US$3 billion in cash to acquire a 62 percent stake in Bayan Resources, that would represent a discount of approximately 80 percent relative to the current market price.
9 hours agoSpeaking at a media briefing, Fernandes said AirAsia was adept at managing cash and expected to raise more than $1 billion, mostly to refinance existing debt, by December or January.
10 hours agoBusiness association Apindo has pointed to delayed tax refunds potentially impacting cash flow and liquidity to affect companies' wider operations.
11 hours agoThe spending limits have come under the spotlight since President Prabowo Subianto took office in October 2024 after making costly campaign promises and setting an 8% economic growth target.
19 hours agoThe law requires products or restaurants without the certification in October to declare they do not comply with Islamic law, a step that could hit sales. In the absence of compliance, such products could be pulled from the market.
21 hours agoPLN detailed that the aggregate generation capacity of the hydroelectric plants fell from approximately 850 megawatts (MW) to 250 MW.
1 day agoNewly-appointed Finance Minister Suahasil Nazara expressed appreciation for the proposal and said that DPD proposals would be a key topic in upcoming discussions with lawmakers on the 2027 state budget draft.
1 day agoDiscussions between the government and Malaysia Airlines and Batik Air have increased in recent weeks, the people said, amid growing concerns over financial pressures faced by AirAsia.
1 day agoIndonesia's next digital leap, rather than helping democratize access, must lead toward democratizing capability: using AI to generate value.
3 days agoSeveral incidents in which AI models from developers including OpenAI accessed external systems during testing have highlighted the difficulty of containing unexpected behaviour in advanced agents, and prompted calls for tighter safety regulations.
1 week agoThe Chinese companies copied US AI labs’ intellectual property through a technique known as distillation, according to a statement from US law enforcement and intelligence officials.
1 week agoThe US wants to discuss cooperation on monitoring AI-directed cyberattacks, and has floated a proposal to ask US and Chinese AI labs to "police themselves" and share information to prevent AI-linked cyberattacks.
1 week agoThe deal brings sweeping changes to Meta's Facebook and Instagram platforms in the United States, including imposing a default two-hour limit on its apps for users under the age of 18.
3 weeks agoThe spending limits have come under the spotlight since President Prabowo Subianto took office in October 2024 after making costly campaign promises and setting an 8% economic growth target.
19 hours agoThe Fed's Federal Open Market Committee voted unanimously to raise rates by 25 basis points to between 3.75 and 4.00 percent.
1 day agoKnown for his candor, Purbaya Yudhi Sadewa's tenure was marked by the fastest economic growth in three years, but also the widest budget deficit in over twenty years outside of the pandemic, and credit rating outlook downgrades by ratings agencies Fitch and Moody's.
3 days agoSpeaking at a media briefing, Fernandes said AirAsia was adept at managing cash and expected to raise more than $1 billion, mostly to refinance existing debt, by December or January.
10 hours agoDiscussions between the government and Malaysia Airlines and Batik Air have increased in recent weeks, the people said, amid growing concerns over financial pressures faced by AirAsia.
1 day agoAirAsia owes state-linked airport operator Malaysia Airports Holdings Berhad (MAHB) at least 500 million ringgit (US$123.6 million) for services including landing and parking fees.
2 days agoHistory has been made. Representing Indonesia on the world stage, Sinarmas World Academy (SWA) has broken into the top five International Baccalaureate (IB) schools in the world, according to the newly released 2026 results from IB-Schools.com*.
2 days agoThe US dollar hit a seven-week high against its major peers, underpinned by a jump in short-term Treasury yields as markets ramped up wagers that the Fed may have to lift rates again, with a move by December fully priced in.
1 day agoStocks made tentative gains at the start of the Asian trading session on Wednesday as a rise in global bond yields and oil prices paused ahead of the Federal Reserve's policy decision due later in the day.
2 days agoThe dollar inched up to trade near a two-week high on Tuesday as surging oil prices lifted Treasury yields and reinforced expectations that the Federal Reserve will raise interest rates this week.
3 days agoAnthropic CEO Dario Amodei called on AI companies to slow the rate at which they advance model capabilities amid mounting fears of misuse of artificial intelligence. Both Elon Musk, who runs xAI, and Sam Altman, CEO of OpenAI, said that they agree with Amodei.
4 days agoOil prices had been expected to rise on Monday amid growing concerns about risks to supply from Saudi Arabia, the world's largest oil exporter, whose East-West oil pipeline was shut on Friday by a drone strike that originated in Iraq.
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