Indonesia Financial News

Looking into the rate of crypto adoption and the share of cryptocurrency owners in 56 countries as of February 2024, Nigeria and Turkey lead the pack, according to data from Statista.

Competing with over 40 foreign banks in India, Maybank Indonesia's Global Banking Director, Ricky Antariksa, said the Bank seeks to continue supporting business and trade relations between Indonesia and India. "Maybank Indonesia has been present in India for over ten years, and we are committed to further support and capture our business flows while continuing to serve trade clients through our branch in Mumbai.

ALSO READ: Lok Sabha Election 2024 dates out : 10 key highlights of seven-phase voting In India, general elections will be held across 28 states and eight Union territories. Besides, India became the world's most populous country across the world last year. So far, 17 general elections, over 400 state assembly elections, 16 presidential elections and Vice presidential elections have been conducted in the country.

By Herbert Lash and Harry Robertson

Indonesia has witnessed an impressive surge in cryptocurrency transactions, with the total reaching IDR 30 trillion ($1.92 billion) in February, according to the country’s crypto regulator. 

digital revolution that’s overshadowed many global markets, rapid urbanisation, growth of the premium consumer segment, and an increasingly robust regulatory framework, India seems poised to achieve its target of becoming a $10-trillion economy. Broad-based recovery, higher private capex, loans to tier II and tier III areas, better capitalisation of investments and a massive push on education and upskilling are critical components of this growth trajectory. Piramal Group chairman Ajay Piramal, Larsen & Toubro managing director SN Subrahmanyan, Nykaa founder Falguni Nayar and Hindustan Unilever managing director Rohit Jawa talked about what it will take for India to achieve its targets in a discussion moderated by Arijit Barman. Edited excerpts: In the last one year, the retail sector has seen a decline in value and volume growth in rural and lower income markets. Is this year’s recovery because of a lower base or is consumption demand returning?

Global crypto gains reached $37.6 billion in 2023 following severe losses in 2022, blockchain intelligence firm Chainalysis reveals in a new report released Thursday.

high-level panel on 'one nation, one election' studied election processes in six countries including South Africa, Sweden and Belgium, before recommending simultaneous polls for Lok Sabha and state assemblies in India. The other countries where simultaneous elections are conducted are Germany, Japan, Indonesia, the Phillipines and Belgium. The panel led by former president Ram Nath Kovind submitted its report to President Droupadi Mumu on Thursday, recommending simultaneous elections for Lok Sabha and state assemblies as the first step followed by synchronised local body polls within 100 days. According to the report, a comparative analysis of other countries was drawn while dealing with the issue of simultaneous elections. The aim was to study and adopt the best international practices to ensure fairness and transparency in elections.

Mint on 28 December 2023 reported that legal scrubbing of both the pillars had started and the deal is expected to be signed in 2024. “Both the pillars are very important for the country. The clean economy (Pillar-III of the IPEF) is aimed at cooperation on research, development and commercialisation of clean energy and climate-friendly technologies," the second person said.

JAKARTA (Reuters) — Indonesia's February trade surplus is expected to have widened slightly from the previous month as exports likely contracted at a slower pace, while imports rose ahead of the Muslim fasting month of Ramadan, a Reuters poll showed on Thursday.

Spotify takes on Apple: Audiobooks and subscriptions available in-app, bypassing 30% fee Explaining the reason behind the new feature, the company said in a blogpost, “Spotify is where fans go to dive deeper into an artist’s music. So whether you’re a superfan who wants to rewatch the videos you love and share them with friends, or a casual fan on the lookout for new releases, music videos create a new point of connection with artists." The beta version of the Spotify app with the music videos feature rolled out in select markets yesterday with compatibility for a limited number of catalogue for music vidceos like hits from artists like Ed Sheeran, Doja Cat and Ice Spice.

The Financial Services Authority (OJK), Indonesia’s financial services watchdog, released new rules on March 13 that will cover cryptocurrencies and will come into force in January 2025.

AirAsia chief Tony Fernandes plans to seek fresh funding in Southeast Asia’s equities markets after a much-touted SPAC listing in the U.S. later this year. Options for fundraising include revisiting plans for an initial public offering of aviation assets in the Philippines, doing a share placement in Indonesia, and eventually listing a host of nonaviation units, Fernandes said in an interview.

The Asia Pacific (APAC) region, with over 50 diverse countries, is currently experiencing phenomenal economic growth. Home to more than half the world’s population (52% in 2023) and economic giants like Japan and India, the region’s GDP (35.4% of the world’s in 2023) has surpassed that of North America and Europe. This trajectory is projected to continue, with APAC projected to grow at 4.2% in 2024 by the International Monetary Fund, significantly faster than the global pace of 2.9%, with the economies of countries like India and Bangladesh expected to expand at double the world’s rate.

roti-kapda-makan (food, clothes, housing) troika dropped to below 50% in 2019-20, making way for other items that improve the quality of life—notably health, education, transport, communication, and recreation. A fortunate confluence of factors has the potential to seed rapid consumption growth in the coming two to three decades. First, the much-touted demographic dividend puts India at an advantage over East Asian rivals such as China and Thailand.

captain of the flight reportedly asked his junior to take over the command as he needed to rest. The 28-year-old took the responsibility of flying the aircraft but dozed off as he was tired of helping his wife with the childcare of their one-month-old twin babies. Meanwhile, the Air Traffic Controller (ATC) attempted to contact the pilots on board Batik Air flight but received no response.

France’s leaders will use a Napoleon-era press to seal the right to abortion into the country's constitution

skillsets of employees as the nature of work is changing. Companies are taking care to embed a culture of learning so that the process is continuous. According to LinkedIn’s recent Workplace Learning Report, 94% of companies that took part in the survey said it plans to enhance employees’ skills in 2024. The survey was conducted by Censuswide with a sample of about 4,323 hiring managers (middle management) aged 18-77 years in countries such as the UK, Ireland, France, Germany, Italy, Spain, the USA, India, Australia, Singapore, Japan, Indonesia, China, the Netherlands, Sweden, MENA and Brazil. The data was collected between the middle of December and early January 2024.

developing countries’ ideas for growth are staggeringly ambitious. India and Indonesia hope to become high-income countries within 25 years. Muhammad bin Salman, Saudi Arabia’s crown prince, wants to diversify and develop its economy just as rapidly.

Investing.com — Sea Limited 's (NYSE:SE) e-commerce unit will likely drive positive revisions in the Singaporean conglomerate's near-term outlook, according to analysts at JPMorgan.

BlackRock sees India and Indonesia as two Asia-Pacific countries offering a lot of investment opportunities, its head of research for the region said on Tuesday. Manjesh Verma, BlackRock Head of APAC Credit and Fixed Income Research, at an investment forum in Jakarta said the two emerging market countries were advantageous due to their large populations.