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Asian stocks sank Friday amid fresh worries over vast investments in artificial intelligence. Jakarta seemed to be stabilizing after a rout over the previous two days sparked by index compiler MSCI calling on regulators to look into ownership concerns.
2 weeks agoGoldman Sachs estimates that foreign investor outflow could reach $7.8 billion if Indonesia is downgraded to frontier market, a scenario the investment bank and some investors deem unlikely. ...
2 weeks agoBoth Indonesia Stock Exchange (IDX) and the Financial Services Authority (OJK) have promised to act fast and change stock market regulations pursuant to points made by Morgan Stanley Capital International (MSCI) that prompted a massive sell-off. ...
2 weeks agoThe Martabe gold mine in North Sumatra, operated by PT Agincourt Resources, will be transferred to state control under the newly formed National Mineral Company (Perminas), ending recent speculation about one of Indonesia's major gold assets.
2 weeks agoThe country’s biggest private bank by assets has announced a plan to repurchase up to Rp 5 trillion (US$298.6 million) worth of its shares following a sharp decline in the Indonesian Stock Exchange (IDX) Composite index.
2 weeks agoMSCI's warning is the latest setback for Southeast Asia's largest economy as foreign capital flows out due to concerns about how President Prabowo Subianto is widening the fiscal deficit and ramping up the state's involvement in financial markets.
2 weeks agoThe job cuts, which follow already flagged plans to trim its workforce by 14,000 posts, were aimed at "reducing layers, increasing ownership, and removing bureaucracy," senior vice president Beth Galetti said in a statement.
2 weeks agoHong Kong’s attractiveness for both Mainland Chinese and international businesses has reached a record high, as shown in the latest survey, which recorded 11,070 companies based in the city in 2025.
2 weeks agoThe Indonesia Stock Exchange (IDX) Composite index has nosedived for a second day in a row due to investability flags from Morgan Stanley Capital International (MSCI), prompting another trading halt.
2 weeks agoNoting broad internal support for the decision, Powell said the Fed remains "well-positioned" to assess when or whether another rate cut may be needed.
2 weeks agoSouth Korean tech giant Samsung Electronics posted record quarterly profits Thursday, riding massive market demand for the memory chips that power artificial intelligence.
2 weeks agoInstagram-owner Meta on Wednesday boosted its capital spending plans for the new year by 73 percent in the pursuit of "superintelligence," an effort to offer deeply personalized artificial intelligence to its large social media user base.
2 weeks agoThe Indonesia Stock Exchange (IDX) temporarily halted trading on Wednesday after shares plunged on a warning from global index provider MSCI that it could downgrade Indonesian stocks to frontier-market status.
2 weeks agoEvery day, thousands of Indonesians donate blood and plasma, often unaware of the complex scientific and safety-driven processes that transform a single donation into life-saving therapies. As Indonesia advances toward domestic production of plasma-derived medicines, the “donor-to-drug” journey is becoming increasingly relevant for patients, healthcare professionals, policymakers and the wider public.
2 weeks agoUp 18 percent in a year, Indonesia’s US$1 billion gross merchandise value (GMV) growth is the highest in the region.
2 weeks agoAs investors have grown increasingly nervous about their exposure to US assets, other currencies and gold have shot up in the past couple of weeks.
2 weeks agoThe Public Service Obligation (PSO) subsidy for MRT Jakarta in the 2026 regional budget (APBD), which had been cut to Rp 536.7 billion (US$32.11 million), is to be increased to approximately Rp 700 billion, according to MRT president director Tuhiyat.
2 weeks agoThe Indonesia Stock Exchange (IDX) Composite index nosedived as trading opened on Wednesday following an evaluation by Morgan Stanley Capital International (MSCI) that flags Indonesian stocks.
2 weeks agoPresident Donald Trump on Tuesday said the United States and South Korea will work out a solution when asked about his surprise Monday announcement that he would increase tariffs on imports from the Asian ally to 25 percent.
2 weeks agoFailure to meet those commitments allows the government to draw down bank guarantees posted by the companies as penalties.
2 weeks agoIncoming Bank Indonesia (BI) deputy governor Thomas “Tommy” Djiwandono has suggested ending the so-called burden-sharing scheme between the government and the central bank but wants to harmonize fiscal and monetary policies in other ways to push economic growth.
2 weeks agoThe new oil deposit, discovered off Riau by EMP's subsidiary Imbang Tata Alam, estimates an OOIP of 31 million barrels for a potential production increase by up to 1,500 barrels of oil per day.
2 weeks agoChinese athletic goods giant Anta Sports will buy a controlling stake in historic German sportswear brand Puma for US$1.79 billion, a stock exchange filing showed Tuesday, as it expands its international presence.
2 weeks agoPT North Sumatra Hydro Energy (NSHE), which runs the Batangtoru hydropower facility, is among the 28 firms whose permits were revoked after the floods. The company is controlled by China's state-run SDIC Power Holdings Co. Ltd.
2 weeks agoThe coal sector to come under further pressure this year, as the correction in coal prices is likely to continue in line with a deeper decline in Indonesia’s coal production.
2 weeks agoIndonesia continues to face a persistent development financing gap, particularly amid rising infrastructure needs. Addressing this challenge requires innovative and sustainable funding sources to ensure the smooth implementation of national development priorities.
2 weeks agoGerman companies' investments in China hit a four-year high in 2025, according to data compiled for Reuters, underscoring how US President Donald Trump's trade war is pushing industries and governments to boost business ties elsewhere.
2 weeks agoThe new unit will produce 250,000 tonnes of coated steel per year, adding to the company’s existing output of 500,000 tonnes.
2 weeks agoAsian shares advanced on Tuesday as investors hoped for the best from a barrage of US mega-cap earnings, though uncertainty caused by President Donald Trump’s latest tariff moves on South Korea limited broader gains while boosting gold and silver.
2 weeks agoPresident Prabowo Subianto nominated Thomas, his nephew, on Jan. 19 to replace former deputy BI governor Juda Agung, who resigned with immediate effect on Jan. 13, according to BI.
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