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The default rate of peer-to-peer lending in the fintech industry has worsened, with the ratio of 90 days past due (TWP90) loans to total loans standing at 4.33 percent in November, up from 2.52 percent in November 2024, according to Financial Authority Services (OJK) data.
31 minutes agoThe former Indonesian’ finance minister’s appointment will bring valuable perspective thanks to her distinguished experience in economic and development policy, the foundation said.
24 minutes agoTotal bilateral trade with Iran stood at merely $206.9 million in 2023, according to the Trade Ministry.
3 hours agoIndustry associations are concerned about a drastic cut to this year's beef import quota for private companies, warning of potential layoffs, stymied domestic competition and negative impacts on the market and consumers.
5 hours agoDuring the 2015-2024 period, wages grew by 16.1 percent in compound annual growth rate (CAGR), significantly outpacing productivity per worker, which increased by only 2.4 percent.
6 hours agoThe long-awaited Balikpapan refinery upgrade, beset by multiple delays since the project broke ground in 2018, came onstream on Monday in a ceremony led by the President, with the energy ministry hailing the integrated facility's potential to significantly reduce fuel imports.
8 hours agoA surge in Japanese shares led Asia higher on Tuesday amid investor bullishness over all things AI, while the cloud of uncertainty over Federal Reserve independence favored gold even as it weighed on the dollar.
11 hours agoThe retail sales index was projected to climb to 231.7 points in December while the consumer confidence index dropped slightly to 123.5 points.
1 day agoGrok has faced global backlash after it emerged the feature allowed users to sexualize images of women and children using simple text prompts such as "put her in a bikini" or "remove her clothes."
3 days agoThe "Edit Image" button feature first rolled out in late December on Grok allows users to modify any image on the platform, with some users deciding to partially or completely remove clothing from women or children in pictures, according to complaints.
1 week agoTaiwanese tech titan TSMC has started mass producing its cutting-edge 2-nanometer semiconductor chips, the company said in a statement seen by AFP on Wednesday.
1 week agoIn a high-security Shenzhen laboratory, Chinese scientists have built what Washington has spent years trying to prevent: a prototype of a machine capable of producing the cutting-edge semiconductor chips that power artificial intelligence, smartphones and weapons central to Western military dominance.
3 weeks agoPresident Donald Trump's administration warned on Tuesday the United States could impose fees or restrictions on European service providers in response to what it called “discriminatory” actions against US firms.
3 weeks agoThe integration between power generation, storage and energy management system will become an important foundation to ensure supply reliability and emission efficiency.
6 days agoThe stores earmarked for closure include one in suburban Shanghai, another in Guangzhou, and several more in second-tier Chinese cities such as Nantong, Xuzhou and Harbin, IKEA said in the statement posted to its official WeChat account.
6 days agoDeputy Mining Minister Yuliot Tanjung told reporters the approval was "currently being consolidated" and declined to give an indication of the quota.
1 week agoUS President Donald Trump said on Friday he was calling for a one-year cap on credit card interest rates at 10 percent starting on January 20 but he did not provide details on how his plan will come to fruition or how he planned to make companies comply.
3 days agoAuthorities seized more than 4.1 million hectares of land last year, arguing it was being illegally operated in forest areas by both large palm oil companies and smallholder farmers.
5 days agoA surge in Japanese shares led Asia higher on Tuesday amid investor bullishness over all things AI, while the cloud of uncertainty over Federal Reserve independence favored gold even as it weighed on the dollar.
11 hours agoAsian equities posted gains Monday while the dollar dipped as investors digested news that the US Justice Department subpoenaed the Federal Reserve, raising fears over US central bank independence.
1 day agoAsian markets rose Friday after a two-day stutter as traders look ahead to the release of crucial US jobs data and a possible Supreme Court ruling on Donald Trump's sweeping global tariffs.
4 days agoUS President Donald Trump said Venezuela will be "turning over" up to 50 million barrels of oil to be sold at its market price following the toppling and capture of the nation's leader.
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