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Indian Prime Minister Narendra Modi heads overseas on Thursday to meet the leaders of China, Japan and Russia, seeking to build closer diplomatic ties as New Delhi battles fallout from US President Donald Trump's escalating tariff offensive.
2 months agoOfficials estimate that at least 50 hectares of rice fields in South Sulawesi have been damaged and hundreds of ha may be impacted without prompt remediation. ...
2 months agoChinese GEM already operates a nickel processing facility in Morowali, Central Sulawesi, through a joint venture with China’s Tsingshan and CATL’s Brunp, South Korea’s Ecopro and Japan’s Hanwa. ...
2 months agoAccording to Boeing's 2025 outlook, Indonesia will need over 600 aircraft to revamp its aging fleet and increase capacity to match its regional peers in competitiveness.
2 months agoAI powerhouse Nvidia reported quarterly earnings Wednesday that beat expectations, but shares slipped amid concerns about an AI chip spending bubble and the company's stalled business in China.
2 months agoSeveral conglomerates have publicly voiced support for the privately placed bond, which is reportedly oversubscribed ahead of the launch.
2 months agoA lack of research and development spending complicates a government push to develop the economic potential of Indonesia’s rare earth elements, a member of the National Energy Council (DEN) has said.
2 months agoTrump has raised pressure on India over the energy transactions, a key source of revenue for Moscow's war in Ukraine, as part of a campaign to end the conflict.
2 months agoThe Rice and Grain Milling Entrepreneurs Association (Perpadi) welcomed the move, as rising production costs had made it difficult for mills to operate under the previous price cap.
2 months agoUS Treasury Secretary Scott Bessent said on Tuesday that customs duty revenues from President Donald Trump's tariffs may top US$500 billion a year, with a substantial jump from July to August and likely a bigger jump in September.
2 months agoQRIS transaction volume had risen by 163 percent year-on-year (yoy) in July, while BI-FAST handled 414.6 million transactions, up 38 percent yoy, with a total value of Rp 1 quadrillion.
2 months agoThe existing incentives consist of exemptions from import duties and luxury taxes for completely built-up battery electric vehicles (BEVs).
2 months agoA plan to cut local content requirements for goods made by foreign suppliers rather than in-house could dent investment as the country aims to woo foreign capital, businesses say.
2 months agoThe exemption will take effect once both sides reach a final pact, but no timeline was set as the US was busy in tariff talks with other countries.
2 months agoDanantara Indonesia plans to raise Rp 50 trillion through so-called patriot bonds to fund waste-to-energy facilities and strategic projects in what the government bills as a move to boost public-private collaboration for long-term national development.
2 months agoUS President Donald Trump said he wants to make more investments in healthy US companies on Monday. Whether Corporate America is on board is another story.
2 months agoSources said earlier that the Trump administration was considering imposing sanctions on European Union or member state officials responsible for implementing the bloc's landmark Digital Services Act.
2 months agoUS President Donald Trump moved to fire Federal Reserve Governor Lisa Cook "effective immediately" on Monday, citing allegations of false statements on her mortgage agreements -- as he expanded pressure on the independent central bank.
2 months agoBank Indonesia is set to pilot its Quick Response Indonesia Standard (QRIS) system in China next month, following its recent Japan launch that marked the payment system’s first expansion beyond ASEAN.
2 months agoPresident Prabowo Subianto on Monday inaugurated a slate of officials to lead two newly established agencies, a move seen as central to his administration's economic and infrastructure agenda.
2 months agoHowever, royalties and taxes will still be calculated using the government’s coal benchmark price (HPB) and mineral benchmark price (HPM).
2 months agoThe Indonesian Filament Yarn Producers Association (APSyFI) accused the government of bowing to “import mafia” interests at the expense of local producers of similar goods who are struggling to survive.
2 months agoIn a letter dated August 20, the regulator said it received 414 reports of the issue in various Honda and Acura vehicles' 3.5-liter V6 engine.
2 months agoIndonesia’s life insurance industry posted higher revenue in this year’s first half as premium collection increased while claims declined.
2 months agoMassive transformation and digitalization of banking services requires the strengthening of information security and consumer protection to withstand the high potential of cyberattacks.
2 months agoCoal accounts for around half of China's power generation, down from three-quarters in 2016.
2 months agoGlobal central bankers gathered at a US mountain resort over the weekend are starting to fear that the political storm surrounding the Federal Reserve may engulf them too.
2 months agoThe Trade Ministry on Monday urged the European Union to immediately remove countervailing duties on biodiesel imports, after the World Trade Organization backed the Southeast Asian country on several key claims in a complaint to the trade body.
2 months agoPresident Prabowo Subianto has suggested that Daya Anagata Nusantara (Danantara) will play a big role in his short-term plan to balance the budget, but critics say that runs counter to the state asset fund’s design.
2 months agoIndian Prime Minister Narendra Modi's push to slash consumption taxes on everyday goods could deliver billions of dollars in annual relief and boost demand in an economy bracing for painful US tariffs, experts say.
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