Indonesia Financial News

India (SEA). «The overall import of vegetable oils during the first ten months of the current oil year (November 2023 to August 2024) is reported at 136.8 lakh tonnes compared to 141.2 lakh tonnes during the same period of last year; down by 3%,» said SEA in a media release. The trade estimate for import of edible oils during September and October is about 27 to 28 lakh tonnes. «The total import of cooking oils during the 2023-24 oil year is likely to be 160 -165 lakh tonnes, which is similar to the previous year. The total stock as on September 1, stands at 29.25 lakh tonnes, up by 23,000 tons from the 29.02 tonnes reported on August 1, 2024,» said SEA.

palm oil imports in August fell more than a quarter from a month ago, primarily driven by sufficient domestic stocks and negative margins that discouraged refiners from purchasing more of the tropical oil, a leading trade body said on Thursday. Lower purchases by the world's biggest importer of vegetable oils could lead to higher stocks of palm oil in key producers Indonesia and Malaysia, weighing on benchmark futures. India's palm oil imports fell 26% in August from July to 797,482 metric tons, the Solvent Extractors' Association of India (SEA) said in a statement.

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₹800-900," Tewari said. A key priority for Tewari is to get its strategy on artificial intelligence right. The company isin the process of tying up with a large US AI-led tech company, which will power its next version of Glance in the US.

Elon Musk, the founder of SpaceX, Tesla, and the social networking company X, has the potential to become the first trillionaire in history by 1027. Informa Connect Academy, a wealth tracking organization, released a new analysis that produced this finding. The pace of growth in Musk's fortune has been 110% annually. Upon the publication of the report, the Bloomberg Billionaires Index listed him as the richest person in the world, owning $251 billion, as per the reports of The Guardian. Other people who might become trillionaires were also highlighted in the research. If Gautam Adani, the founder of an Indian business empire, continues to grow at his current rate of 123% every year, he may become a trillionaire by 2028. If their present growth continues, Prajogo Pangestu, an Indonesian oil and mining magnate, and Jensen Huang, the CEO of tech company Nvidia, may also reach the trillion-dollar threshold in 2028. By 2030, two individuals are predicted to become trillionaires: Mark Zuckerberg, the CEO of Meta, and Bernard Arnault, the head of LVMH Moet Hennessy Louis Vuitton.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Somnis: Rumble Rush, a blockchain game developed by Overtake, has made a significant impact in the global gaming market, attracting widespread attention just three weeks after its official launch on August 20. Overtake CEO Oh Seung-hwan announced that the game’s launch has far exceeded expectations, with over 30,000 cumulative registrations within three weeks—a remarkable achievement in the blockchain gaming space, where active user bases are typically smaller. This success reflects the strong interest and growing popularity of Somnis: Rumble Rush among global gamers, following the game’s highly successful Closed Beta Test (CBT).

Nehru’s First Recruits: The Diplomats Who Built Independent India’s Foreign Policy, is a reminder that India’s foreign policy did not take shape in the hands of the current external affairs ministry, but has been built on a long legacy of a storied foreign service founded in 1948 by India’s first Prime Minister Jawaharlal Nehru. As the title suggests, Bhattacherjee’s book is about India’s very first diplomats, the men and women recruited to the Indian Foreign Service (IFS) in the first dozen years after independence who helped shaped an independent foreign policy for a country that had been a British colony for nearly two centuries.

Michelle Obama's eldest daughter, Malia, has gained notoriety ever since her father was elected to the U.S. Senate in 2004. The family became well-known worldwide after Barack Obama was elected president in 2008. In 2009, Malia and her sister Sasha relocated to the White House, where they attended the esteemed Sidwell Friends School in Washington, D.C, as per the reports of Yahoo entertainment. Malia worked hard to maintain as much of a normal existence as she could during her early years in the White House. She took part in regular children's activities like summer camps and school functions even though she was in the spotlight. As she got older, Malia and her father were more visible in society, going to important functions like state dinners and foreign travel. She got to know notable people like Nelson Mandela and Pope Benedict XVI, and she even served as an interpreter while visiting Cuba. Time magazine recognized Malia and Sasha among the influential teens of 2014.

A dismissed town mayor who fled the Philippines after being accused of helping establish an illegal online gaming and scam center catering to clients in China has been arrested near Indonesia’s capital

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Coal India (CIL) fell by 4% to a low of Rs 500.70 on the BSE on Wednesday after the company posted sales volumes of 52.1mt on Monday, down 12% YoY. Domestic brokerages like Nuvama and JM Financial are still optimistic about the stock because a few dips do not change the future. CIL reported sales volumes of 52.1mt in August 2024, down 12% YoY, owing to a weak power demand amid heavy rainfall. However, volumes clocked a decline of 5.7% YoY during Jul-Aug '24 negating the impact of only monsoon for the decrease, implying that CIL’s volume was under pressure owing to weak demand.

Pope Francis on Wednesday urged political leaders in Indonesia, the world's most populous Muslim-majority country, to guard against religious extremism, which he said distorted people's religious beliefs through «deception and violence». In his first speech during an ambitious 12-day journey across Southeast Asia, where Christians are a small minority of the regional population, the pontiff said the Catholic Church would increase its efforts toward inter-religious dialogue in hopes of helping tamp down extremism. «In this way, prejudices can be eliminated, and a climate of mutual respect and trust can grow,» the 87-year-old pope said in an address to some 300 politicians and religious leaders at Jakarta's Merdeka Presidential Palace.

international travel. A recent report by MakeMyTrip, covering the period from June 2023 to May 2024, highlights a significant rise in the number of Indians taking international trips, with a 32% growth in people going on two or more international journeys. Those taking three or more trips have grown by 37%, underscoring India's growing appetite for global travel.

Pope Francis arrived in Muslim-majority Indonesia on Tuesday to kick off a four-nation tour of the Asia-Pacific that will be the longest and farthest of the 87-year-old's papacy. The head of the world's 1.3 billion Catholics touched down in Jakarta for a three-day visit devoted to inter-religious ties, and will then travel to Papua New Guinea, East Timor and Singapore. The 12-day tour will test the pontiff's increasingly fragile health, but he is often energised by being among his flock and he emerged from the 13-hour flight smiling and waving.

Indian tennis star Rohan Bopanna and his Indonesian partner Aldila Sutjiadi entered the semifinals of the US Open mixed doubles with a hard-fought win over Australian Matthew Ebden and Barbora Krejcikova of the Czech Republic here. The eighth seeded Indian-Indonesian pair registered a 7-6(4) 2-6 10-7 win over fourth seeds Ebden and Krejcikova in the quarterfinal that lasted one hour and 33 minutes on Monday night. Bopanna and Sutjiadi had earlier defeated Australian duo of John Pears and Katerina Siniakova of the Czech Republic 0-6 7-6(5) 10-7 in a second-round match. Bopanna and Sutjiadi will play American pair of Donald Young and Taylor Townsend in the semifinals.

MUFG), Japan's largest mega bank with close to $3 trillion in assets, last week placed its biggest bet in India: It doubled an existing investment with a further commitment of ₹4,712 crore on DMI Finance. Masakazu Osawa, Asia Pacific CEO for the bank, tells Joel Rebello the group has only started its investment journey in India and would increase exposure in the economy tipped to be the world's third biggest soon. Edited excerpts: You doubled down on your investment in DMI Finance last week. What is the strategy for investments in India?

Mandeep Kaur and Palak Kohli conceded defeat in their respective quarterfinal bouts at the ongoing Paris Paralympics on Sunday. Mandeep failed to dominate in the women's singles SL3 quarterfinal match against Nigeria's Mariam Eniola Bolaji on Sunday. In the first set, the Indian para shuttler conceded an 8-21 defeat. In the second set, Mandeep failed to make a comeback and lost 9-21 against her Nigerian opponent.

Yuki Bhambri and Albano Olivetti advanced to the men's doubles third round of the US Open with a hard-fought win over 15th seeds Austin Krajicek and Jean-Julien Roger here. The Indo-French pair defeated the USA-Dutch team 4-6 6-3 7-5 in the second round that lasted two hours and five minutes on Friday. This is only the second time that Bhambri has reached the third round at a Grand Slam, having reached the same stage at the Australian Open back in 2014. Second seeds Rohan Bopanna and Matthew Ebden also moved to third round with a 6-2 6-4 win over Spain's Roberto Carballes Baena and Federico Coria from Argentina.

Indonesia last week was rocked by large demonstrations attended by tens of thousands in several cities against a move in parliament aimed at relaxing electoral laws. The amendment, aborted in the face of the protests, would have allowed President Jokowi’s 29-year-old son, Kaesang Pangarep, to contest regional elections in central Java.