Indonesia Financial News

policy environment in 2024 have boosted most Asian currencies versus the dollar, but the rupee's gains have paled in comparison as the Indian central bank looks to build a reserves buffer and preserve export competitiveness amid a global scarcity of the greenback. On Thursday, the rupee closed at 83.3275 per US dollar, just 0.09% stronger than 83.4025/$1 at previous close. Meanwhile, currencies such as the Thai baht and the South Korean won notched up gains of around 2% versus the US dollar on Thursday while the Indonesian rupiah strengthened 1%, Bloomberg data showed. The Malaysian ringgit, the Taiwanese dollar, the Chinese yuan, the Philippine peso, and the Singapore dollar also outstripped the rupee's gains on Thursday, with the domestic currency extending the underperformance it showed versus its Asian peers last month.

Crossfit Golden Gate Gym owner Danielle Rabkin sounds off on San Francisco officials after the city’s homeless and drug problem returned following Xi Jinping’s visit.

Established in 2020,  Coinstore, the world’s leading cryptocurrency exchange, is celebrating its 3rd anniversary by launching a series trading competitions with over 30k USDT prize pool and a series community airdrops, listing carnival and CS Lives. Many enthusiasts are joining in to mark the day.

Investing.com — U.S. stock futures were little changed on Monday as investors geared up for the Federal Reserve's upcoming two-day policy meeting later this week.

Realme GT 5 Pro with Snapdragon 8 Gen 3 launched. Check full specs, pricing and more According to a GizmoChina report, the Realme 12 Pro and Realme 12 Pro+ with model numbers RMX3842 and RMX3840 respectively received India's BIS certification on December 8.

MetaMask, a prominent cryptocurrency software wallet, has announced its expansion into six countries through new partnerships. 

Indonesia's biggest tech firm GoTo Gojek Tokopedia said on Friday it was in talks with short video app TikTok over a potential e-commerce partnership in the Southeast Asian country. No final deal has been reached, GoTo added in a statement. The company also said the discussions did not include a takeover plan or any sale of more than 50% of its shares to any party.

By Tetsushi Kajimoto

UPI will continue to grow at about 60% in terms of volume above 2023 UPI transactions; P2M will continue to trend higher than that of P2P transactions; P2M will be about 60% of the total UPI volume," said Mehul Mistry, Global Head-Strategy, Digital Financial Services & Partnerships, Wibmo, A PayU Company. “The forecast for 2024 envisions UPI as a pivotal player in promoting financial inclusivity, offering a convenient and interoperable solution for users nationwide.

India is seen as a rising star among Asian peers along with Indonesia and Philippines in 2024 to emerge as one of the fastest growing economies in the region foreign brokerage and Investment Bank Nomura said. Despite a slowdown in investment and consumption, coupled with global spillovers leading to disappointing GDP growth of 5.7% in 2024, it is going to be one of the fastest growing economies along with the Philippines in the region. The projection reinforces the popular view of a pause in policy rates by the monetary policy committee this week even as inflation worries continue. “We remain optimistic on the medium-term outlook, but strong near-term growth momentum is unlikely to be sustained into 2024” said Sonal Varma and Aurodeep Nandi, India economist at Nomura.

The well-known fiat-crypto payment gateway Alchemy Pay hasreached a noteworthy milestone when it obtained a Money Services License in the US state of Iowa. This achievement, which was declared on November 23, 2023, comes after they were successful in getting an Arkansas money transmitter license earlier. Obtaining these licenses is a significant milestone in Alchemy Pay's ambitions to increase its market presence internationally as well as evidence of its regulatory compliance.

Indian Navy has planned to deploy both its aircraft carriers INS Vikramaditya and INS Vikrant on the eastern seaboard during Milan-2024, a flagship international naval exercise hosted by Vizag from February 19-27 next year, a senior official said on Sunday. «The event will be held under the aegis of the Eastern Naval Command (ENC) of the Indian Navy with likely participation from nearly 50 friendly countries as a delegation, and 20 foreign warships along with one maritime patrol aircraft,» said Vice Admiral Rajesh Pendharkar, Flag-Officer Commanding-in-Chief (FOC-in-C) Eastern Naval Command.

earthquake that shook the southern Philippines killed at least one villager and injured several others as thousands scrambled out of their homes in panic and jammed roads to higher grounds after a tsunami warning was issued, officials said Sunday. The U.S. Geological Survey reported that the quake Saturday night had a magnitude of 7.6 and struck at a depth of 32 kilometers (20 miles).

equity gauges Friday towered above shrinking benchmarks in export-focused Asian economies to leap to a record, with higher-than-expected economic growth, softer energy prices and subdued US bond yields drawing both overseas and local funds to domestic risk assets. Traders have factored in victories for the BJP in the latest round of state polls and their results, to be announced Sunday, may have a bearing on the short-term directional trend for stocks, although most analysts believe the indices will climb through December. The Nifty gained 134.75 points, or 0.67%, to close at 20,267.90, after an intraday high of 20,291.55. The Sensex climbed 492.75 points, or 0.74%, to close at 67481.19.

₹220 crore from a Indonesian ship that docked at Paradip port. Customs officials were notified after a crane operator spotted 22 suspicious packets. The Vietnamese crew has been detained for questioning and officials are conducting a thorough search of the ship with the help of sniffer dogs “Twenty-two packets were recovered from a crane on the ship.

NEW DELHI : The Indian economy shot past expectations to clock an impressive 7.6% growth in the September quarter, retaining its crown as the world’s fastest-growing major economy. That’s a major step-up from 6.3% in the corresponding period of the previous fiscal year. While manufacturing, mining and construction put up a robust show, agriculture cooled thanks to an erratic monsoon, National Statistical Office (NSO) data showed.

Rice prices are on track for a new 15-year high, threatening to spark more angst in Asia and Africa where the grain is the staple for billions. Thai white rice 5% broken — an Asian benchmark — has jumped by $57 over the past two weeks to $640 a ton following a period of relative calm, putting prices just short of the highest level since October 2008. That milestone was reached in early August in the wake of sweeping export curbs from top shipper India. Increased demand for Thai rice from unexpected buyers such as Brazil and the Philippines has contributed to the rise, said Chookiat Ophaswongse, an honorary president of the Thai Rice Exporters Association.

Digital asset investment platform Fasset was granted an operational license on Nov. 29, according to a listing on the Dubai Virtual Asset Regulatory Authority (VARA) website.

Onion prices have nearly doubled in a year. The all-India retail price of onions increased 94.39% to Rs 57.85 a kilogram on November 29 from Rs 29.76 per kg a year ago, according to the government data. This happened despite India continuing to be the world's second largest grower of onions and producing multiple crops a year. How have onion prices moved in the past few months? Onion prices started to climb in Maharashtra’s Pimpalgaon and Lasalgaon wholesale markets, Asia’s largest, in the second week of August.

China and India will be granted visa-free entry to Malaysia for a duration of up to 30 days from December 1, as announced by Prime Minister Anwar Ibrahim during a speech at the People's Justice Party congress on Sunday. The visa exemptions, confirmed by Malaysia's Home Affairs Ministry in a statement on Monday, will be in effect until December 31, 2024. As reported by PTI, China and India represent Malaysia's fourth and fifth-largest tourist markets.

Asia and Russian leadership and erstwhile Soviet leadership have long sought to play a greater role in the Asia-Pacific (or what India terms as the Indo-Pacific region). This role is gaining further momentum following rupture in ties with the West in the aftermath of the Ukraine conflict.