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Indonesia's manufacturing sector suffered its sharpest contraction in a year, with the PMI plunging to 46.9 in June as new orders dried up and factory-gate prices rose at the fastest pace in nearly 13 years, intensifying calls for government help.
7 hours agoThe Indonesian Quarantine Agency (Barantin) said it is currently simplifying 22 agency regulations and coordinating with multiple ministries to implement a single submission and single inspection system.
12 hours agoJakarta Governor Pramono Anung said that the move came as a response to the “Rp 15 trillion cut” in regional transfer funds (TKD) from the central government, which brought “fiscal pressure” on the capital province.
13 hours agoOpenAI has discussed giving the US government a 5 percent stake, the Financial Times reported on Thursday, as AI firms face growing scrutiny in Washington over the potential misuse of advanced models and whether Americans will share in the sector's profits.
14 hours agoAsian shares skidded on Thursday as investors rotated out of chipmakers following a stellar quarter, while currency and bond markets braced for US jobs data that could gives hints about the risk of interest rate hikes.
17 hours agoIndonesia’s balance of trade has turned negative for the first time in six years as skyrocketing oil prices pushed up imports while weak global demand weighed on exports.
1 day agoGasoline was the largest contributor to transportation inflation, with a contribution of 0.21 percentage points, followed by airfare and engine lubricants.
1 day agoFollowing the President's instruction in May to "reactivate" Husein Sastranegara airport, the Transportation Ministry has announced that preparations were underway for the West Java capital to start welcoming domestic and international passengers on both propeller and jet aircraft in September.
1 day agoOpenAI has discussed giving the US government a 5 percent stake, the Financial Times reported on Thursday, as AI firms face growing scrutiny in Washington over the potential misuse of advanced models and whether Americans will share in the sector's profits.
14 hours agoVenture capital and private equity investments in China totaled $91.6 billion in the first five months of this year, jumping nearly 60 percent from a year earlier, according to ChinaVenture Investment Consulting.
1 week agoThe presidential regulation lays out a roadmap for ministries and regional governments to adopt AI from 2026 to 2029, targeting "economic growth through development, facilitation and use of AI especially in the president's priority programs."
1 week agoUS President Donald Trump's administration is expected to formally declare on Wednesday that it will not extend the US-Mexico-Canada Agreement on trade, starting a decade-long clock to wind down the 32-year-old North American free trade zone as the three countries haggle over proposed changes.
1 day agoOn the demand side, home sales fell by 25.7 percent year-on-year (yoy) in Q1, according to a Bank Indonesia survey.
2 days agoThe maker of Lucky Strike and Dunhill cigarettes aims to save £600 million ($792 million) a year by 2028 in a restructuring that will affect around 20 percent of BAT's 47,000-member workforce, it said in a statement.
3 days agoVolkswagen is considering shutting four German factories and ramping up job cuts to as many as 100,000, two people familiar with the matter said on Friday, in what could be the biggest ever overhaul in the industry.
5 days agoSamsung Group will announce on Monday plans to invest 1,000 trillion won (US$647.53 billion) in South Korea over 10 years, including a potential 300 trillion won to build chip factories in the southwest of the country, a media report said on Friday.
6 days agoAsian shares skidded on Thursday as investors rotated out of chipmakers following a stellar quarter, while currency and bond markets braced for US jobs data that could gives hints about the risk of interest rate hikes.
17 hours agoThe yen slumped to levels not seen since 1986 on Tuesday, stoking worries that direct intervention from Tokyo was around the corner, while the dollar backed away from 13-month highs ahead of jobs data that could influence the US rate outlook.
2 days agoAsian stocks wobbled toward the end of a sparkling quarter on Tuesday, while a resurgent dollar pushed the yen to a four-decade low and was headed for a fourth straight quarterly rise.
2 days agoAsian stocks wobbled on Monday after Iran and the United States agreed to halt renewed hostilities that had cast a shadow over an interim peace deal and kept oil prices supported, while the dollar stood tall near a one-year high on rate-hike bets.
3 days agoAn attack on a ship Thursday in the Strait of Hormuz led the UN to suspend efforts to evacuate trapped mariners as the United States warned against Iran charging fees for passage through the vital waterway.
6 days agoAsian equities surged on Thursday after strong earnings and forecasts from chip giants Micron and Qualcomm helped alleviate some concerns over the red-hot AI rally that has pushed global stocks to record highs.
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