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Spending during Ramadan this year marked an overall shift in composition as consumers moved away from leisure toward necessities, giving policymakers clues as to how best to realign seasonal measures.
45 minutes agoMarkets were taken on a rollercoaster ride at the start of the week after Trump added five days to his Saturday ultimatum for Iran to reopen the Strait of Hormuz within 48 hours, citing productive talks with unidentified Iranian officials, which Tehran has denied.
3 hours agoPresident Prabowo Subianto has declared that Indonesia’s aggressive push for food and energy self-reliance is not rooted in ideology but in "common sense", as it is required to survive a volatile global landscape.
17 hours agoCoordinating Economy Minister Airlangga Hartarto also recommended that the private sector enforce the rule, which aims to reduce energy consumption amid global market volatility.
23 hours agoThe International Energy Agency is consulting with governments in Asia and Europe on the release of more stockpiled oil "if necessary" due to the Iran war, Executive Director Fatih Birol said on Monday.
1 day agoFreeport to restart Grasberg Block Cave output within weeks, targeting a gradual ramp-up.
1 day agoIran said on Sunday it would strike the energy and water systems of its Gulf neighbors if US President Donald Trump followed through with a threat to hit Iran's electricity grid in 48 hours.
1 day agoDespite global headwinds, the finance minister expects economic resilience, buoyed by spending over and beyond Idul Fitri, will help achieve 5.5-5.7 percent growth in the first quarter.
1 day agoOpenAI will begin showing ads to all users of the free and Go versions of ChatGPT in the United States in the coming weeks, a company spokesperson said in an emailed statement to Reuters.
2 days agoIf Meta settles on the 20 percent figure, the layoffs will be the company's most significant since a restructuring in late 2022 and early 2023 that it dubbed the "year of efficiency."
1 week agoJury deliberations are set to begin Friday in a landmark social media addiction trial accusing Meta and YouTube of intentionally trying to hook young internet users.
1 week agoTrump had ordered the government to stop using Anthropic, calling it a threat to national security after it refused to agree to unconditional military use of its Claude models.
3 weeks agoSpending during Ramadan this year marked an overall shift in composition as consumers moved away from leisure toward necessities, giving policymakers clues as to how best to realign seasonal measures.
45 minutes agoChinese Premier Li Qiang pledged on Sunday to further open up the economy and fully implement national treatment for foreign enterprises, as the country seeks to reassure the outside world amid rising global trade tensions.
1 day agoUS Treasury Secretary Scott Bessent said Thursday that Washington might lift sanctions on Iranian oil that is already being shipped, as energy prices soar due to the war in the Middle East.
4 days agoLast year, China sent Brazil, Indonesia and Thailand roughly a fifth of their fertilizer imports and that figure stood at a third for Malaysia and New Zealand, according to International Trade Centre data. For India, it was around 16 percent, according to its trade data.
4 days agoÖzlem Fidanci, chief of Philips International Region and member of the Royal Philips Executive Committee, spoke to The Jakarta Post during her visit to Jakarta about Philips’ initiatives and healthcare technology innovations, underscoring the company’s longstanding commitment to expanding equitable access to quality health care in Indonesia.
1 week agoIn a world where travel has become the norm, travelers are continuously searching for an experience that has the ability to enrich their adventures, without dealing with any obstacles or hassles. Therefore, businesses have to evolve and innovate in order to meet the expectations of their consumers.
1 week agoMarkets were taken on a rollercoaster ride at the start of the week after Trump added five days to his Saturday ultimatum for Iran to reopen the Strait of Hormuz within 48 hours, citing productive talks with unidentified Iranian officials, which Tehran has denied.
3 hours agoThe International Energy Agency is consulting with governments in Asia and Europe on the release of more stockpiled oil "if necessary" due to the Iran war, Executive Director Fatih Birol said on Monday.
1 day agoIran said on Sunday it would strike the energy and water systems of its Gulf neighbors if US President Donald Trump followed through with a threat to hit Iran's electricity grid in 48 hours.
1 day agoThe waiver will bring some 140 million barrels of oil to global markets and help relieve pressure on energy supply, United States Treasury Secretary Scott Bessent posted on X.
2 days agoPresident Donald Trump said Friday that he was considering "winding down" military operations against Iran, as the United States temporarily eased sanctions on Iranian oil shipments to stem a global supply crisis.
3 days agoIran's huge Pars gas field was hit on Wednesday in the first reported strikes on Iranian energy infrastructure in the Gulf during the US-Israeli war, a major escalation that prompted Tehran to warn its neighbors to evacuate their energy installations.
5 days agoAsia spot LNG prices have doubled to three-year highs in the second major supply shock in four years, as shipping through the Strait of Hormuz has all but stopped and No.2 global exporter Qatar has halted shipments.
6 days agoShare your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.
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