Indonesia Financial News

Indonesia, following its recently concluded elections, wants to usher in new socio-economic initiatives under President-elect Prabowo and has approached India to adopt best practices in mid-day meal scheme and digital inclusion. Notwithstanding the Ramadan period and election process in India, Mochammad Firman Hidayat, Deputy Coordinating Minister of Maritime Resources, Coordinating Ministry of Maritime Affairs and Investment, Indonesia led a high-level delegation on a visit to India last week. The working visit was aimed at fostering collaboration in the field of biotechnology, digital inclusion, agriculture, and to study the world’s largest free school lunch programme with the objective of implementing a similar programme to provide quality meals to school students in Indonesia, officials said. The proposal for mid-day meal schemes in schools is mentioned in Prabowo’s election manifesto.

United Nations, India on Friday abstained in the UN Human Rights Council on a resolution that called for an immediate ceasefire in Gaza and also demanded that Israel immediately lift its illegal blockade on the strip. The draft resolution on the 'Human rights situation in the Occupied Palestinian Territory, including East Jerusalem, and the obligation to ensure accountability and justice' was adopted by the Geneva-based Council with a vote of 28 in favour, 6 against and 13 abstentions. India abstained on the resolution, along with France, Japan, Netherlands, and Romania among others. Those voting against the resolution included Argentina, Bulgaria, Germany and the US.

Southest Asian finance ministers and central bank governors have ended meetings in the Laotian city of Luang Prabang citing progress in building stronger regional institutions, but also noting serious challenges due to geopolitical tensions and volatil...

McDonald’s is buying its restaurants in Israel from a longtime franchisee, hoping to reset sales that have slumped due to boycotts in the region

Mint. Fourth Partner Energy, which counts TPG Capital’s RISE Fund and Norway’s Norfund as investors, has a current installed green energy capacity of 1.35 gigawatt (GW), with operations in Vietnam, Bangladesh, Sri Lanka and Indonesia; and plans to reach an installed capacity of 3.5GW by 2025. It was founded in 2010 as a solar component and engineering, procurement and construction (EPC) firm.

Senior finance and central bank officials from Southeast Asia and major economies are meeting in the scenic Laotian city of Luang Prabang to discuss ways to help the region build resilience against shocks like the COVID-19 pandemic and natural disaster...

Treasury Secretary Janet Yellen has arrived in a China for five days of meetings in a country that's determined to avoid open conflict with the United States

survey of around 19,000 respondents conducted in 19 countries shows that 80 per cent support cutting plastic production to save biodiversity and the climate. Around 80 per cent of the participants are concerned about the impact of plastic on the health of loved ones, according to the survey conducted by the independent environmental network Greenpeace International in January and February. The survey collected responses from 19,088 participants from the UK, the UAE, Canada, India, Brazil, Egypt, Germany, Mexico, South Africa, Philippines, Indonesia, Japan, Thailand, South Korea, China, Malaysia, Austria, Norway and the US. The survey shows strong support for cutting the production of plastic, with more than eight in 10 people (82 per cent), and for protecting biodiversity and the climate by reducing plastic production (80 per cent).

India slipped to their lowest level since early February this week, pressured by sluggish demand, while Thai rates declined for the fourth consecutive week due to a weaker baht. Top exporter India's 5% broken parboiled variety was quoted at $540-$548 per ton this week, down from last week's $550-$558. Prices hit a record high of $560 last month after customs officials changed the calculation method for the 20% export duty, resulting in a higher levy. Demand from Asian buyers was subdued, which brought down prices from the last month's highs, said Himanshu Agarwal, executive director at Satyam Balajee, a leading exporter.

Quality Care, one among India's largest hospital chains backed by private equity (PE) investors Blackstone and TPG, on Thursday announced two key appointments to its leadership to drive the hospital platform’s rapid growth in South Asia. It named Dr Hari Prasad, as Group chairman & non-executive director and Varun Khanna as the Group managing director Prasad, with over 30 years of experience, was most recently the president of Apollo Group Hospitals, where he played a pivotal role in shaping the journey of Apollo Hospitals having overseen the growth from 1,200 beds to 10,000 beds. He also serves as the executive chairman of Society for Emergency Medicine, India. He has been honored with a Fellowship by Royal College of Emergency Medicine, UK and International Federation of Emergency Medicine. He has helped establish Apollo Health City in Hyderabad, Asia’s first operational health city.

visa, the passenger will not have a visa sticker in their passport. "When checking in at the airport, you will be asked to display a 'visa issuance notice' on your device (e.g.

Starting in January 2025, crypto firms seeking to operate in Indonesia must undergo evaluation in a regulatory sandbox before being licensed. This regulatory change will come into effect as supervision of the crypto industry transitions to the Financial Services Authority (OJK).

Chinese electric vehicle makers are showcasing their latest models, including a flying car, as they take on global rivals at the Bangkok International Motor Show

Vietnamese automaker VinFast plans to sell its electric vehicles in Thailand

Holland America Line cruise ship were killed on Friday following an “incident” in one of the ship’s engineering rooms, according to a statement from the U.S.-owned cruise line.The fatalities occurred on the Nieuw Amsterdam cruise ship while it was docked at Half Moon Cay in the Bahamas.Holland America said the two employees were killed during an “accidental steam release” around 9:20 a.m. local time.

Boeing CEO David Calhoun will step down from the embattled plane maker at the end of the year as part of a broad management shakeup Monday after a series of mishaps at one of America’s iconic manufacturers

Sultan Gustaf Al Ghozali, the Indonesian college student who became an internet sensation in 2022 for selling millions of dollars worth of NFTs featuring his daily selfies, is back in the spotlight with a meme coin presale.

If you’re into alternative history — thought experiments regarding things that might have happened to alter the course of history — you’ve run across the term hinge points.

coal to history, the dirtiest fossil fuel is having a moment. Thanks to a combination of China’s energy insecurity — pushing Beijing back to trusted power sources — plus rising Indian demand, the continued fallout from the war in Ukraine and faltering international programs to wean developing economies off fossil fuels, coal is proving remarkably resilient. Output hit a record last year, and producers are preparing for a future where they will be required for decades yet to balance renewable energy. Even prices are holding up. While thermal coal is trading at just a fraction of the lofty levels reached in 2022, after Russia’s invasion of its neighbor, prices are still well above historic norms. Benchmark Newcastle coal futures are changing hands just under $130 a ton, roughly a quarter of the peak but higher than any level between 2011 and 2020.

Lord Buddha, along with those of his disciples Arahant Sariputta and Arahant Maha Moggallana, after 26 -days returned to the National Museum in Delhi on March 19 and was open to brief exposition to the New Delhi based diplomatic corps on March 20. Minister of State for External Affairs Meenakshi Lekhi participated in the ceremony of prayers and chanting in the presence of representatives of the diplomatic corps from 15 countries. Those present on the occasion were Kshenuka Dhireni Senewiratne, High Commissioner of Sri Lanka; Pattarat Hongtong Ambassador, Thailand; Yasiel Alines Burillo Rivera, Ambassador of Panama; Vahagn Afyan, Ambassador of Armenia; Kenneth da Nobrega, Ambassador of Brazil; Guillermo Rubio Funes, Ambassador of El Salvador; Moe Kyaw Aung, Ambassador of Myanmar; Colin Kao, Deputy Director of the Division, Taipei Economic and Cultural Centre in India and senior diplomats from Indonesia, Bhutan, Myanmar, Romania, Peru and Serbia.

A South Korean tanker has capsized off an island in southwestern Japan