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Asian airline shares remained under pressure on Tuesday as the US and Israeli war against Iran escalated, with carriers closely monitoring fuel price spikes and many seeing a surge in bookings as passengers switch from Middle Eastern airlines.
6 months agoTo mitigate further impacts, Indonesia is seeking alternative oil import sources outside the Middle East, including from the US. ...
6 months agoShipments of crude palm oil (CPO) surged 59.6 percent in January, while coal and steel exports declined by 16.04 percent and 0.13 percent, respectively. ...
6 months agoInvestors are closely watching developments around shipping in the crucial Strait of Hormuz which was disrupted by retaliatory Iranian attacks.
6 months agoBank Permata chief economist Josua Pardede projected that headline inflation would remain above 3 percent in the first quarter of 2026 before moderating below 3 percent toward the end of the year.
6 months agoThe country’s headline Purchasing Managers’ Index (PMI) rose to 53.8 in February from 52.6 in January, marking the highest reading since March 2024. The index remained above the 50-point threshold, which separates expansion from contraction.
6 months agoAnalysts do not rule out the possibility of oil prices hitting US$100 a barrel, a level last seen at the start of the war in Ukraine.
6 months agoMaersk stated that the firm will continue to prioritize the Trans-Suez route once the situation stabilizes and security conditions permit again.
6 months agoThe OJK as well as industry observers have welcomed the Finance Minister's move to extend the liquidity injection policy for another six months in a bid to generate higher loan growth, while suggesting that a subsequent extension could be on the books when the current period ends in March.
6 months agoBrent crude jumped 10 percent to about US$80 a barrel over the counter on Sunday, oil traders said, while analysts predicted that prices could climb as high as $100 after US and Israeli strikes on Iran plunged the Middle East into a new war.
6 months agoLocal think tanks are weighing in on the limited policy space and domestic benefits of the new US-Indonesia trade deal, even as businesses and policymakers wait to decide next moves amid the limbo left by the US Supreme Court's ruling.
6 months ago"Garuda Indonesia continues to actively coordinate with aviation authorities and relevant stakeholders to monitor the evolving situation," the company said in a statement Sunday.
6 months agoMultiple vessels in the area have received VHF transmission from Iran's Revolutionary Guards that "no ship is allowed to pass the Strait of Hormuz".
6 months agoTrump had ordered the government to stop using Anthropic, calling it a threat to national security after it refused to agree to unconditional military use of its Claude models.
6 months agoThe administration argued Friday for a delay of up to four months, before litigation on refunds is brought up again before the US Court of International Trade.
6 months agoAn analysis by Mandiri Institute showed that 72.3 million people experienced a talent mismatch last year, meaning their education levels did not align with their job requirements.
7 months agoS&P Global Ratings warned that escalating debt-servicing costs are increasing the risks to Indonesia’s sovereign credit profile and could trigger a negative rating action if sustained.
7 months agoThe approval was made "on the condition that strict security requirements are met," the Ministry of Land, Infrastructure and Transport said in a statement.
7 months agoThe coal price cap for power plants is set lower than that for cement factories and mineral smelters, leaving them with the lowest priority among suppliers.
7 months agoParamount Skydance emerged as the winner in a months-long battle to acquire Warner Bros Discovery, after streaming giant Netflix on Thursday refused to raise its bid for the storied Hollywood studio.
7 months agoUncertainty surrounds the rollout of the Red and White Cooperatives (KDMP) program as village cooperative managers grapple with changing regulations and unclear funding.
7 months agoLast year, PT Tamaris Hidro acquired Batu Gajah hydroelectric power plant in Langkat regency, North Sumatra, which has a total installed capacity of 16 megawatts (MW) across three units.
7 months agoLast year, online transportation aps determined the bonus based on driver activity, the number of completed orders, online hours and performance ratings.
7 months agoNew data centers -- warehouse-like facilities that store online files and power AI tools from chatbots to image generators -- are mushrooming worldwide, and the sector is growing particularly fast in Asia.
7 months agoAsian stocks advanced on Thursday after upbeat earnings from Nvidia soothed concerns over AI-driven disruption and rising costs, while the yen was in the doldrums, bogged down by a murky rate outlook in Japan.
7 months agoIndustry players warn that a push to diversify investment in Indonesia’s minerals sector under the Agreement on Reciprocal Trade (ART) signed with the United States last week must not disrupt the nickel ecosystem.
7 months agoState-owned Agrinas claimed that domestic manufacturers were unable to fulfill the large-scale orders within the specified timeframe, while local industry stated otherwise.
7 months agoFollowing the expiry of the Feb. 24 implementation deadline, the government is preparing to assess the EU's compliance with a 2025 WTO dispute ruling over its discriminatory policies against Indonesian palm oil.
7 months agoINA CEO Ridha Wirakusumah completed his term on Feb. 15, and a successor has yet to be appointed, while chief risk officer Thomas Oentoro left last October to join national flag carrier Garuda Indonesia.
7 months agoRising demand from hydropower plants, floating solar plants and data centers is intensifying supply pressure, highlighting the need for accelerated investment in dams, reservoirs and distribution networks.
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