Indonesia Financial News

Here is the list of award money athletes get for finishing on the podium in Olympics. Hong Kong and Singapore top the list for the highest cash payouts for Olympic victories.

PARIS—Carlos Yulo won two Olympic gold medals for the Philippines. As it turned out, that was just the beginning of the gymnast’s epic prize haul. At home, he will get a congressional medal and at least $350,000 from the government.

Bangladesh, two days after the Sheikh Hasina government collapsed. A special evacuation flight returned to New Delhi early in the morning with 199 adults and six infants on board. The flight, which took off without any passengers, was arranged at a «very short notice», according to people with knowledge of the matter.

Coinfest Asia, the biggest Web3 festival in Asia, returns on 22-23 August 2024 for its third edition. Coinfest Asia will present many exciting activities in Nuanu City, Tabanan, Bali.

Turkey's government will hold talks with Instagram officials on Monday after blocking access to the social media platform last week, Transport and Infrastructure Minister Abdulkadir Uraloglu said in a post on X. The move came after a senior Turkish official accused Instagram of blocking condolence posts following the assassination of Ismail Haniyeh, leader of the Palestinian militant group Hamas. Uraloglu said Turkey had expressed certain sensitivities regarding compliance with Turkish laws in a previous meeting with representatives of Instagram last week.

trade agreement (FTA) in goods will be held in November, the commerce and industry ministry said on Saturday. ASEAN or the Association of Southeast Asian Nations comprises 10 countries. The third round of the negotiations was concluded on August 1 in Jakarta, Indonesia. The AITIGA (Asean-India trade in goods agreement) was signed in 2009.

trade agreement in goods will be held in November, an official statement said on Saturday. The third round of the negotiations was concluded on August 1 in Jakarta, Indonesia. Eight sub-committees have been constituted under the India-Asean Free Trade Agreement Joint Committee for undertaking negotiations on different areas related to the review of the pact. «The next meeting of the AITIGA (Asean-India Trade in Goods Agreement) Joint Committee will be held in India from 19-22 November 2024,» the Commerce Ministry said.

Deepika Kumari on Saturday qualified for the quarterfinals of the women's individual archery event after defeating Germany's Michelle Kroppen in the 1/8 elimination round but Bhajan Kaur crashed out following the loss to Indonesia's Diananda Choirunisa 6-5. Deepika will be in action again later on Saturday. Deepika defeated her German rival 6-4 in the elimination round after recording a score of 27-24 in the first set to garner two points. The two then shot 27-27 in the second set to share the points. Deepika won the third set 26-25 for two more points. In the fourth set, the German took two points with a 29-27 win but Deepika was already ahead by two points heading into the final set.

Apple on Friday reported yet another quarterly revenue record in India for the third quarter ending June 29, 2024, continuing the high pace of growth in the world’s second largest smartphone market where consumers are continuing to buy premium products. Apple chief executive officer Tim Cook told analysts in its third quarter earnings call that Apple has set “quarterly revenue records in more than two dozen countries and regions, including Canada, Mexico, France, Germany, the UK, India, Indonesia, the Philippines, and Thailand.” The bullish performance by the iPhone maker is when smartphone shipments in India fell 2% year-on-year in the June quarter as per market tracker Counterpoint Research which attributed the decline to the heatwave, seasonal slump, and a sequential slowdown in demand from the March quarter before.

Families of some of the people killed in Boeing Max crashes are asking a judge to reject a plea agreement that the aircraft maker struck with the prosecutors

When Bangladesh makes international news, it’s usually for tragedies: devastating cyclones, massive industrial accidents, grisly terrorist attacks. Even by those dismal benchmarks, the latest story from Bangladesh stands out—the deaths this month of more than 200 people during a government crackdown on student protests. The violence may signal the beginning of the end for 76-year-old Prime Minister Sheikh Hasina, under whose increasingly autocratic rule the country has turned into a de facto one-party state.

Paris Olympics group match, Lakshya Sen was at a 1-4 disadvantage in the head-tohead record against third seed Jonatan Christie of Indonesia.

Lakshya Sen's dominating win over Guatemala's Kevin Cordon in the badminton men's singles Group L match at the ongoing Paris Olympics has been 'deleted after the Guatemalan pulled out of the multi-sport event due to a left elbow injury.

Indonesia has launched a long-term visa scheme designed to attract foreign investors. The initiative offers visas of up to 10 years to investors, aiming to draw significant investments into Southeast Asia's largest economy.

Rio de Janeiro next week, following two years of geopolitical disputes that overshadowed their work and raised questions about the very purpose of the G-20. Geopolitical clashes, particularly the conflicts in Ukraine and Gaza, will be addressed in a separate chair statement published by the host nation together with the communique, according to ambassador Mauricio Carvalho Lyrio, the secretary for economic and financial affairs at Brazil's foreign ministry. «We need to resume the production of documents by the G-20,» he told reporters in Brasilia on Friday. «We will no longer demand the inclusion of language about geopolitics in ministerial documents.» Deep disagreements over the wars prevented G-20 finance chiefs from issuing a communique in February, when they met in Sao Paulo under Brazil's rotating presidency of the group. The same happened in India last year and in Indonesia in 2022. President Luiz Inacio Lula da Silva's presidency of the G-20 is facing steep challenges in a tumultuous international climate dominated by contentious elections and the wars. Still, Brazilian authorities say discussions around his main proposals are making progress. The leftist leader has been pushing for the creation of a global minimum tax on billionaires to fund actions against climate change and programmes to eliminate world hunger.

Godrej Consumer Products said its global manufacturing footprint will reduce by 40% by FY26, part of its broader strategy to make more products in India and cut costs to improve profitability. At present, the maker of Cinthol and Good Knight has 36 plants including 14 in India. It also invested Rs 1,000 crore in two manufacturing sites in India last fiscal. «We are also reassessing our manufacturing footprint. We are questioning how much of what we make in international geographies can be made in India and exported out,» Sudhir Sitapati, MD at GCPL, said in its latest annual report.

Small-scale fisher organisations from India, Indonesia, Bangladesh, Ecuador, and Gambia have asked fisheries subsidies negotiations to be kept out of the World Trade Organization (WTO) and said that the ongoing negotiations on curbing overcapacity and overfishing (OCOF) subsidies are “unfair and unbalanced”. They said that the exemptions for small-scale fishers across developing countries is being restricted by imposing irrational conditionalities. The World Forum of Fisher Peoples and World Forum of Fish Harvesters and Fish Workers have raised concerns at the negotiations which seek disciplines on subsidies such as those for construction, acquisition and modernisation of vessels.

Raymond's consumer care business saw its sales fall 18% under its new owner Godrej Consumer Products (GCLP) which acquired the company last year. In its latest annual report, GCPL said the company behind Park Avenue and Kamasutra brands posted sales of Rs466 crore during the eleven months ended March 2024. On an annualised basis, it is roughly Rs508 crore, 18% lower than Rs622 crore in FY23. «The acquisition was in line with the company's strategy to build a sustainable and profitable personal care business in India by leveraging the categories of personal grooming and sexual wellness,» it said in the report. «Revenue and EBITDA of the Raymond Consumer business remained on plan and stable compared to the previous fiscal year.»

Open Society Foundations revealed Tuesday its first new commitment after a years-long internal reorganization, pledging $400 million over eight years to support green economic development

Indonesia has been building out a vast industry for nickel metal, traditionally used in making stainless steel but increasingly for batteries for electric cars and clean electricity projects

NEW DELHI : The Centre may issue so-called composite licences to find and extract critical minerals, in effort to end the fragmented nature of licensing, and tempt mining giants which passed up the blocks that went on auction last year. Critical mineral auction is currently a two-step process. In the first step, exploration licences are auctioned, and the bidder agreeing to share the lowest amount with a future miner wins the licence.