Indonesia Financial News

The President of Indonesia Joko Widodo has raised concerns over the use of cryptocurrencies in money laundering.

Indonesia and Australia’s taxation authorities on Monday signed a pact in Jakarta to establish a crypto information-sharing arrangement.

action plans for around 20 agricultural products including banana, mangoes, potato and baby corn to boost their exports and these are likely to be ready in the next 3-4 months. “We have identified 20 products. At present, India’s share is low in global exports. We are working on a detailed action for all these products,” said Rajesh Agarwal, additional secretary, department of commerce, adding that the action plan will be discussed with all the stakeholders including states for further action. Fresh grapes, pomegranate, watermelon, guava, green chilly, capsicum, okra, garlic, onion, groundnut, alcoholic beverages, cashew nut, buffalo meat, jaggery, natural honey, and ghee are the other products included in the exercise as India aims to increase its share in global exports to 4-5% in the next few years from 2.5% now.

Lok Sabha Elections 2024 Phase 1 Polling: Live updates Nigeria's regu

We are constantly being told that solar and wind are now the cheapest forms of electricity. Yet governments around the world felt they had to spend US$1.8 trillion on the green transition last year.

Asian central banks’ need for assertive defense of their currencies is driving traders to turn less dovish on monetary policies in the region.

Apple CEO Tim Cook said the company is “looking at” manufacturing in Indonesia as he met with Indonesian President Joko Widodo on Wednesday

Japan recorded a trade deficit for the third straight fiscal year as the costs of energy and other imports rose and the yen remained weak

The rupee has fallen to a new low of 83.5 against the dollar. This has wide ramifications, making exports lucrative but imports expensive. Mint looks at why the currency is falling, how it impacts everybody and what can RBI do.

ProcMart, an online business-to-business (B2B) marketplace specialising in supply chain solutions, has raised $30 million (about Rs 250 crore) in an equity funding round led by Infosys cofounder Nandan Nilekani’s venture fund Fundamentum Partnership and Edelweiss Discovery Fund. The round also saw participation from South Korea’s Paramark Ventures. The funds will be used for exploring strategic acquisitions for backward integration, enhancing client offerings, investing in talent acquisition and technology, and expanding presence in new markets within India and globally.

Hollywood Con Queen, which delves into the notorious scam that targeted several high-profile figures in Hollywood. The series, produced by Chris Smith of Tiger King and Fyre fame, will premiere on May 8. Storyline

Read full story) At least 19 people have been found dead and two more are missing after a landslide in central Indonesia, local authorities said on Sunday. (Read full story) Shreyas Iyer-led Kolkata Knight Riders will face Lucknow Super Giants at Eden Gardens in Kolkata on Sunday.

Tesla gets ready to import German-made EVs to India Stellantis, which was formed after the merger of Italian-American conglomerate Fiat Chrysler Automobiles and French PSA Group, currently sells its Jeep and Citroen brands in India. "It is also important for us as a player in the Indian automotive space to be competitive. We want to leverage India as a 'best cost country', which is what we call 'India for the world," Stellantis India CEO & MD Aditya Jairaj said.

Carnegie Endowment said the US has limited ability to influence the trajectory of emerging powers such as India. In a report released Tuesday, it said besides India, other emerging powers—Argentina, Brazil, Indonesia, Mexico, Nigeria, Saudi Arabia, South Africa, Thailand and Türkiye—have taken stances that contrast or directly clash with US positions on China and Russia over the past few years.

The New York Stock Exchange is actively engaged with a pipeline of Japanese companies, some of which may consider a US listing over the next 18 months, according to the bourse’s vice chairman.

currency's gains after it touched the strongest level in nearly three weeks. The rupee closed at 83.1850 against the U.S. dollar, up 0.16%, compared with its previous close at 83.3150. The currency rose to an intra-day high of 83.16, its strongest level since March 21.

Officials say an Air Canada Boeing 737 flight headed from Mexico City to Vancouver, Canada, had an in-flight emergency and made an unscheduled landing at Boise, Idaho, airport

Joint Plant Committee, India has registered a 38 per cent surge in imports of finished steel to 8.319 million tonnes (MnT) over 6.022 MnT imported during the preceding 2022-23 fiscal. «The surge in predatory imports from China is a big threat to the Atmanirbharta in steel. The country becoming net importer is a warning signal to our march towards Atmnirbharta (self-reliance),» Alok Sahay, secretary general of apex industry body Indian Steel Association (ISA) said. Looking at the situation, it is very important to arrest predatory imports, he said and demanded for a trade remedial action on an urgent basis to arrest the inbound shipments.

Boeing CEO David Calhoun is getting compensation valued at $33 million for last year, nearly all of it in stock awards

MUMBAI : Homegrown private equity firm Everstone Capital has returned almost $1.2 billion through exits in the last five years, a senior official at the firm said in an interview with Mint. The firm has also been backing founders of Indian origin who aim to build global businesses out of the US across healthcare and IT services, which has yielded good returns, said Avnish Mehra, vice chairman – private equity, at Everstone Capital, in an interview. “In the last five years, we have deployed about $600 million and returned to our investors close to $1.2 billion.

PTI. “The ship was sailing to Singapore from Indonesia. We got a call on Friday night from the shipping company's Mumbai office, saying our kid had vanished while he was on board.