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Asian stock markets jumped on Wednesday as strong earnings and a resurgence of demand for tech lifted Wall Street to record peaks, while hopes for progress on opening the Strait of Hormuz dragged on oil prices and bond yields.
1 month agoRising interest rates are driving up funding costs and squeezing net interest margins (NIM) of banks, with analysts saying lenders will need to step up operational efficiency to sustain profitability. ...
1 month agoPresidential Chief of Staff Dudung Abdurachman revealed that state-owned surveyor PT Sucofindo, which administers the testing program, would soon release 85 delayed surveyor reports after they had indicated the presence of rare earth elements. ...
1 month agoThe finance minister said the full year GDP growth this year was projected to hover between 5.6 and 6 percent despite the likelihood of a slowdown in the second quarter.
1 month agoDespite an annual tobacco production shortfall of just 75,000 to 100,000 tonnes, Indonesia imports more than twice that volume from abroad.
1 month agoSouth Korea's Kospi swung between gains and losses, with chip giants SK hynix and Samsung, which have been the poster boys of a month-long AI-themed rout, center of attention again.
1 month agoCommunications and Digital Minister Meutya Hafid said the government had begun reviewing the Constitutional Court's ruling and would assess whether regulations needed to be revised.
1 month agoThe purchasing managers’ index (PMI) climbed back above 50 last month as output edged higher and business confidence hit a six-month high, but weak exports and high input costs are keeping manufacturers wary.
1 month agoData from Statistics Indonesia (BPS), released on Monday, showed that the June shortfall narrowed from the $1.61 billion deficit recorded in May.
1 month agoThe losses widened from Rp 4.9 trillion recorded for the whole of last year, according to the latest financial report released by state-owned railway company PT Kereta Api Indonesia (KAI).
1 month agoConsumer price index growth cooled to 2.88 percent year-on-year in July despite ongoing pressure from high global oil prices, according to the latest report from Statistics Indonesia (BPS).
1 month agoThe yen leapt on Monday, keeping traders on alert for further intervention from authorities to shore up Japan's historically weak currency, days after Tokyo and Washington jointly intervened in the foreign exchange market.
1 month agoBali is seen as a possible location for the planned Indonesia International Financial Center (PFII), but can the resort island benefit from the development without becoming overburdened?
1 month agoAll eyes are on President Prabowo Subianto, who is set to unveil next year's state budget in two weeks, which will reveal whether transfers to regional governments will face another round of cuts.
1 month agoLow-cost airline Citilink has expanded its fleet 21 percent in the first half of 2026 from the previous semester, as part of a nearly $370 million first-phase funding provided by Danantara to parent company Garuda Indonesia to improve its MRO business.
1 month agoUkraine has hit the warehouses of Russia's largest online retailer Wildberries around a dozen times since mid-July, killing at least eight people and knocking out a large chunk of the company's storage capacity.
1 month agoUS petroleum giants ExxonMobil and Chevron released blowout profits Friday due to the Middle East war, as executives cautioned that elevated gasoline prices will probably continue to strain consumers.
1 month agoThe "create image" tool, unveiled Thursday, had integrated Google's Nano Banana 2 image-generation technology into Google Earth, letting users zoom into locations and build pictures in seconds based on the program's satellite, aerial and 3D-mapping data.
1 month agoAI safety experts say the new disclosures paint a portrait of a group of cutting-edge labs whose ability to develop dangerous autonomous hacking agents outstrips their ability to keep them under control.
1 month agoIn 2024, Singapore secured an exclusive deal with Taylor Swift to make the country her only stop in Southeast Asia, despite her massive fan base in neighboring markets, including Indonesia.
1 month agoLess than a week after Perry Warjiyo resigned as the head of Bank Indonesia (BI), names of potential candidates for his replacement have begun to surface.
1 month agoThe government is accelerating the operational launch of the 510-megawatt Batang Toru hydroelectric power plant to reinforce Sumatra’s electricity system, which remains under strain following a hydrological disaster that toppled five transmission towers in November last year.
1 month agoThe President has announced plans to step up railway development across the country, beginning with a cross-island network on Sumatra, as a cost-efficient “instrument of economic democratization” that would improve public transport connectivity, particularly for lower-income communities and people in smaller towns.
1 month agoChina's factory activity unexpectedly slid in July, official data showed Friday, as leaders in the world's second-largest economy struggle to reignite domestic demand.
1 month agoBusiness spending on equipment increased at a 15.2 percent pace, notching a second straight quarter of double-digit growth.
1 month agoAsian markets rallied hard with Wall Street on Friday as South Korea's battered market made a record comeback, stirring hopes that the recent selloff in AI-linked assets may be near an end.
1 month agoBeijing condemned the duties imposed on China and 59 other countries over alleged forced labor concerns, and warned Washington against waging a trade war.
1 month agoThe mass mortgage signing ceremony on July 30 came as the government attempts to revive housing distribution in spite of the mounting challenges facing Prabowo's "3 million homes" program, including slower disbursements, rising construction costs and weaker spending power amid unwavering demand.
1 month agoThe Rokan zone alone drills nearly 500 wells annually, the highest tally of any single operating area in Indonesia.
1 month agoThe financing package comprises a concessional loan of approximately 230 million euros and a 6-million-euro technical assistance grant from KfW, alongside counterpart funding from the Indonesian government.
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