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Stocks rose and the dollar wobbled on Monday after dismal US labor data sealed the case for an interest rate cut this month, while the yen fell as investors girded for uncertainty in Japan following the resignation of Prime Minister Shigeru Ishiba.
5 months agoJapan's economy expanded much faster than initially estimated in the second quarter, driven by upward revisions in private consumption and inventories, giving policymakers some assurance as they navigate political and trade uncertainty. ...
5 months agoPresident Donald Trump on Sunday warned foreign companies to obey US law after some 300 allegedly illegal South Korean workers were arrested at a Hyundai-LG battery plant being built in the southern state of Georgia. ...
5 months agoThe recently completed draft regulation on waste, which eliminates tipping fees, has been hailed as a means of reviving long-delayed WtE projects, but issues like land availability and unfairly burdening private developers remain.
5 months agoMore than 300 South Koreans were among 475 people arrested by US immigration officials in a raid on a Hyundai-LG battery plant being built in the southern US state of Georgia, the foreign minister in Seoul said on Saturday. One Indonesian is reportedly among those detained.
5 months agoThe IDX Composite fell as much as 3.6 percent at the market’s opening on Sept. 1, following political unrest that began the previous week, before regaining part of its losses over the course of the week.
5 months agoRice prices eased, mainly because of a fall of Indian prices to three-year lows on rupee weakness and intense competition among exporters.
5 months agoCost competitiveness is a key concern as local footwear producers face dual pressures from both the regional and domestic markets, as well as a potential influx of cheaper goods from China, industry groups say.
5 months agoThe initiative, which could cost around US$100 billion, would involve building solar farms of 1 to 1.5 hectares in villages of every subdistrict across the archipelago.
5 months agoUp to 450 workers at a Hyundai Motor facility under construction in Georgia have been detained in a major raid by US authorities that has led to a pause in the project to build a car battery factory.
5 months agoDespite the post-pandemic recovery, the global petrochemical sector has failed to stabilize. Overcapacity, slowing demand growth and intensifying competition have pushed margins to their lowest levels in more than a decade. Persistent oversupply will remain the dominant challenge through the end of this decade.
5 months agoChina's stocks steadied on Friday after steep losses in the previous session, but remained on course for their biggest weekly falls in five months as market participants took profits following a two-month rally.
5 months agoThe US trade deficit expanded more than expected in July to its widest in four months, government data showed Thursday, on a surge in imports before a fresh wave of President Donald Trump's tariffs kicked in.
5 months agoPresident Donald Trump’s administration said on Wednesday it was "very troubled" by the Norwegian sovereign wealth fund's divestment of US construction equipment group Caterpillar, and is engaging with Norway's government on the issue.
5 months agoSouth Jakarta prosecutors detained three more executives of SOE-backed venture firms in a graft probe over Tanihub investments, spotlighting governance risks in the country's start-up sector.
5 months agoAt 12.46 percent of the overall cost of living, Indonesians spend significantly more on transportation than the global average, according to Transportation Ministry data.
5 months agoAsian stocks moved higher in early trading on Thursday as dovish comments from Federal Reserve officials soothed investor nerves at a time of heightened concerns over global growth and a selloff in bond markets.
5 months agoDays after a weekend marked by riots and the ransacking of officials’ houses, including her own, Finance Minister Sri Mulyani Indrawati has sought to reassure the public and investors about the state of the country’s economy and her own role in it.
5 months agoThe energy minister said private fuel retailers seeking additional import quotas should instead tap existing national reserves by striking B2B deals with state-owned Pertamina.
5 months agoThe central bank has announced a continuation of its burden-sharing scheme with the government and has purchased trillions of rupiah worth of government bonds this year, but an economist questions the legal basis for continuing a policy initially intended as a crisis response.
5 months agoThe at-risk stock is suspected to be a mix of imported rice from mid-2024 and lower-quality unhusked rice previously procured by Bulog.
5 months agoThe landmark ruling came after Judge Amit Mehta found in August 2024 that Google illegally maintained monopolies in online search through exclusive distribution agreements worth billions of dollars annually.
5 months agoA global slide in long-dated bonds extended into Asia on Wednesday, while gold climbed to a new peak as concerns mounted over government debt and economic growth.
5 months agoAn interplay of external and domestic factors has determined the rupiah's performance this year to date, and keeping an eye on established risks through approaches like monetary discipline and deepening regional cooperation will help safeguard currency stability toward improved economic resilience.
5 months agoThe government is urging the European Union not to appeal a recent World Trade Organization (WTO) ruling that supports Indonesian biodiesel exports.
5 months agoRetailers have suffered an estimated Rp 500 billion (US$33 million) in lost sales over five days of unrest, while small businesses saw revenue plunge by up to 90 percent as demonstrations disrupted operations and supply chains.
5 months agoBroader economic uncertainty is weighing on investment and household purchasing power, while the impact of recent government policies on the real sector and financial services has yet to be felt, according to an industry association.
5 months agoIn early 2025, foreign arrivals declined steadily from January, falling to a low of 984,770 in March before rebounding in the following months.
5 months agoGold climbed to a new record Tuesday as investors sought out safe havens, while Japan's Nikkei and the Hang Seng pushed higher waiting for Wall Street's return after the Labor Day holiday.
5 months agoDegraded land, polluted air and water stress pose a direct global economic threat but using natural resources more efficiently could cut pollution by half, one of the World Bank’s senior managing directors told Reuters.
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