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Recent identification of eight prospective rare earth element mining deposits may add non-Chinese supply options for global players, but will not impact market that is heavily centered on Beijing, due to lack of supply and processing ability.
1 month agoCritics say the order could instead be filled through the domestic automotive industry, which is struggling with weak consumer demand. ...
1 month agoThe publicly listed miner, while confirming the closure of a site within subsidiary CPM's forest concession over illegal land clearing, has underlined that the targeted area was not operational and so will not affect its overall operations. ...
1 month agoThe government's decision to reverse its plan for the early retirement of the Cirebon 1 power plant in West Java has raised fresh doubts about Jakarta's energy transition commitment and dashed the hopes of locals who blame the plant for environmental and health problems.
1 month agoInbound visitors totalled 3,597,500, the Japan National Tourism Organization (JNTO) said, falling for the first time since January 2022.
1 month agoPT Perusahaan Mineral Nasional and Danantara may also enter negotiations for equity or debt participation in the Maboumine project, according to a statement, though no value or timeline has been disclosed.
1 month agoWith much of the global conversation currently focused on developments in and around the United States, attention often gravitates toward politics, policy shifts and geopolitical implications. Less visible, but equally important, is how US businesses continue to operate and invest overseas amid this evolving global context.
1 month agoPrivate funds could flow elsewhere without coal cuts, the German ambassador to Indonesia warns, saying renewables cannot scale while coal remains dominant.
1 month agoUnited States President Donald Trump's administration on Tuesday announced three projects valued at US$36 billion to be financed by Japan, including an oil export facility in Texas, an industrial diamonds plant in Georgia and a natural gas power plant in Ohio.
1 month agoThe government has issued a loosely-worded statement days ahead of the expected signing of a tariff agreement with the United States, following a weekend meeting at President Prabowo Subianto’s Hambalang estate in Bogor, West Java.
1 month agoAs an archipelagic country, Indonesia is endowed with diverse economic potential across regions, reflected in regional economic structures and export profiles.
1 month agoAs artificial intelligence evolves at a blistering pace, world leaders and thousands of other delegates will discuss how to handle the technology at the AI Impact Summit, which opens Monday in New Delhi.
1 month agoThe dollar held gains on Tuesday as markets awaited signals, expected later this week, about the potential timing of rate cuts by the Federal Reserve.
1 month agoThe energy minister has taken an "all stick, no carrot" strategy to pressure firms into start pumping oil and gas from stalled projects, threatening hundreds of wells with the prospect of losing their permits.
1 month agoAccording to the ministry's renewables director general, the Bangka Belitung Islands and West Kalimantan are two priority provinces under consideration as a potential site for developing Indonesia's first nuclear power plant toward a 2032 on-grid target.
1 month agoAsian markets were subdued on Monday, as the extended Lunar New Year holiday approached and Japan reported lackluster economic growth.
1 month agoJapan's economy limped back to meager growth in the fourth quarter, significantly missing market expectations in a key test for Prime Minister Sanae Takaichi's government as cost-of-living pressures drag on confidence and domestic demand.
1 month agoSome technology firms deliberately avoid using personally identifiable information in their AI models to reduce compliance risks, despite the limitations this places on their ability to improve operational efficiency.
1 month agoVietnam has granted a license to Elon Musk's Starlink to operate its satellite internet services in the communist country, a government agency said.
1 month agoChina's ByteDance has rolled out its Doubao 2.0 model, an upgrade of the country's most widely used artificial-intelligence app, the company said on Saturday.
1 month agoIt has been reported that Karimun, Riau Islands, has been part of a system of traders, shippers and transshipment points, including the floating hub along the Malacca and Singapore straits and Fujairah in the United Arab Emirates, that has helped keep Russian oil and products flowing, despite the sanctions.
1 month agoSellers of nian gao or kue keranjang in Glodok’s Chinatown area as well as parts of West and Central Java reporting softer sales compared to previous years.
1 month agoPresident Prabowo Subianto has emphasized the need to be realistic in a speech on the Indonesian economy, where he promoted key initiatives of his administration to drive gross domestic product growth.
1 month agoThe issue related to items that were not declared in the import notification, resulting in the sealing of the jeweler’s outlets in Plaza Senayan, Plaza Indonesia and Pacific Place.
1 month agoCumulative sales in high-rise condos stood at just 56 percent last year in a continuation of a decade-long downward trend, while new launches remained subdued in a lackluster market.
1 month agoEuropean Union leaders agreed on Thursday on a wide-ranging set of commitments to improve how the bloc's border-free internal market works so Europe's businesses can be competitive and survive aggressive economic rivalry from the US and China.
1 month agoAsian shares retreated from record highs on Friday as worries about shrinking margins in the tech sector hit the likes of Apple, driving investors into safe-haven bonds ahead of key US inflation data.
1 month agoIndonesia has enjoyed a surplus in chicken meat production since 2020, Statistics Indonesia (BPS) data show, with excess supply continuing even after the free meals program began.
1 month agoDivested assets include hospital groups currently managed by Indonesia Healthcare Corporation (IHC), as well as aviation subsidiary Pelita Air, which is set to be merged with national flag carrier Garuda Indonesia.
1 month agoHashim Djojohadikusumo, who is the special envoy for climate change and the brother of President Prabowo Subianto, said the five IDX and OJK officials who resigned soon after last month’s market crash did so in direct response to the President’s order.
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