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In a House or Representatives hearing on Monday, Bank Indonesia (BI) Governor Perry Warjiyo said “we believe” the rupiah will end up averaging around Rp 16,800 per United States dollar, within the Rp 16,500 to Rp 16,900 target range set in the 2026 state budget.
6 hours agoAuthorities noted that unfavorable weather conditions and attacks from plant pests and diseases had temporarily disrupted agriculture production in several areas.
11 hours agoMinisters are set to discuss the economic fallout from the conflict and volatility on global bond markets, which are of particular concern to Japan, as they also seek common ground on tackling economic tensions and global imbalances.
11 hours agoAccording to a Bloomberg report on Wednesday, citing unnamed sources, the INA has appointed investment banker Oki Ramadhana as its new chief executive officer.
12 hours agoBetter-than-expected exports and China's domestic fuel-pricing controls have helped weather the energy shock, but higher input costs threaten to squeeze already weak factory margins and further dampen consumer spending if the conflict drags on.
14 hours agoThe Indonesia Stock Exchange (IDX) Composite index plunged as the market opened on Monday, extending its downward trend following the MSCI index rebalancing announced last week.
15 hours agoSigns of a flight to safer assets also emerge in the first quarter as rupiah weakness and heightened uncertainty prompt people to diversify wealth and seek protection from depreciation.
20 hours agoPresident Prabowo Subianto has downplayed the depreciation of the rupiah with statements economists say may send a dangerous signal to the market, potentially dealing a further blow to the currency.
1 day agoNusantara 5 (N5) satellite is Asia's biggest with a capacity of 160 Gigabits per second (Gbps) using the very high throughput satellite (VHTS) specification
1 day agoBeyond introducing new regulations, it is equally important to understand how institutions make decisions, coordinate implementation and respond to emerging challenges in practice.
1 day agoWall Street is licking its chops over an unprecedented slate of massive IPOs set to arrive in the coming months, beginning with Elon Musk's SpaceX in June.
1 day agoIn a landmark trial, a Los Angeles jury on March 25 found Meta and Alphabet's Google negligent for designing social media platforms that are harmful to young people.
2 days agoA lawyer for Elon Musk hammered at the credibility of OpenAI CEO Sam Altman on Thursday, near the end of a trial over whether to hold the ChatGPT maker and its leaders responsible for allegedly transforming the nonprofit into a vehicle to enrich themselves.
3 days agoThe European Union is working on new rules to protect children from the addictive designs of social media such as TikTok, Meta and X, EU Commission President Ursula von der Leyen said on Tuesday.
6 days agoMinisters are set to discuss the economic fallout from the conflict and volatility on global bond markets, which are of particular concern to Japan, as they also seek common ground on tackling economic tensions and global imbalances.
11 hours agoBetter-than-expected exports and China's domestic fuel-pricing controls have helped weather the energy shock, but higher input costs threaten to squeeze already weak factory margins and further dampen consumer spending if the conflict drags on.
14 hours agoTrump left Beijing on Friday after two days of talks with President Xi Jinping that featured pageantry and warm rhetoric but limited detail on concrete outcomes across trade and investment.
1 day agoA looming 18-day strike at South Korean chip giant Samsung that has triggered worries within the government, rattled foreign investors and threatened global supply chains rests on one crucial question: who should share in the spoils of the AI boom?
2 days agoCountries are tapping into oil inventories and strategic reserves at a "record pace" due to the "unprecedented" supply disruptions caused by the Middle East war, the International Energy Agency said Wednesday.
4 days agoBuyers in Indonesia, the world's second-largest wheat importer, last week signed deals to purchase at least 150,000 tonnes of new-crop Black Sea wheat for July shipment, while Thai millers booked 125,000 tonnes of US wheat, two Singapore-based traders said.
4 days agoOil prices climbed on Tuesday as US-Iran talks stalled, while markets were mixed as traders appeared to shrug off uncertainty over the 10-week-old war.
6 days agoJapan and the US reaffirmed their close cooperation in dealing with exchange rate moves, including on currency intervention, Japanese Finance Minister Satsuki Katayama told reporters after a meeting in Tokyo with her US counterpart, Scott Bessent, on Tuesday.
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