Indonesia Financial News

TikTok’S chief executive, Shou Zi Chew, faced angry lawmakers in Washington, who grilled him for five hours on topics ranging from misinformation to mental health. A threat of a ban in America, the short-video app’s largest market, looms large. Other Western governments are making similar noises.

Emerging-market borrowers are piling back into global bond markets, selling about $20 billion in dollar notes in just a few days, all too aware that the window of opportunity may snap shut as suddenly as it opened. 

By Trevor Hunnicutt

recession, but getting inflation back to normal levels may take several years, according to the International Monetary Fund. The growth outlook in Asia looks sour as China struggles to lure foreign investment, Hong Kong growth lags behind and Indonesian exports deteriorate. In the US, inflation expectations continued to climb as consumers anticipated higher gas prices. Separate data from the Census Bureau show how inflation is still inflicting significant financial stress for many Americans. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy: Europe Europe’s economy is unlikely to crash — even as a more-than yearlong bout of interest-rate increases tames inflation, according to the IMF.

The interim chief executive of explosives and fertilisers group Incitec Pivot has rejected suggestions the company might be squandering value by preparing to sell the downtrodden fertilisers business at a low point in the cycle.

In recent years, koi have become hugely popular in Asia, with exports doubling over the past decade

According to Counterpoint Research, Tecno, Infinix and Apple emerged as the fastest-growing brands during the quarter.

Fitch Ratings predicts that higher-than-expected oil prices, stemming from potential disruptions in the Middle East's oil supply due to conflicts, could significantly impact global economic growth and lead to a surge in inflation. According to Fitch's Global Economic Outlook (GEO), a scenario with average oil prices of USD 75 per barrel in 2024 and USD 70 per barrel in 2025 could be upended if oil prices spike to USD 120 per barrel in 2024 and USD 100 per barrel in 2025 due to supply restrictions. The simulations, conducted using the Oxford Economics Global Economic Model, reveal a potential 0.4 percentage point (pp) reduction in world Gross domestic product (GDP) growth in 2024, with a lingering 0.1 pp lower growth in 2025. Despite the modest rebound anticipated in 2025, Fitch suggests a persistent moderate impact beyond the initial shock. The impact of higher oil prices would be felt across the board, with the absence of significant growth rebound in 2025 indicating a potentially longer-lasting effect on GDP levels in most countries. Notably, the negative growth impact in 2024 ranges from 0.1 pp in Indonesia to a substantial 0.9 pp in Korea, with the US, the Eurozone and Japan experiencing impacts of 0.5 pp. Emerging market countries like South Africa and Turkey would face significant impacts of 0.7 pp, while Russia and Brazil, owing to their reliance on oil production, would experience varied effects. The aggregate impact on the Fitch 20 suggests a global GDP growth shortfall of 0.4 pp in 2024 and 0.1 pp in 2025. Moreover, higher oil prices would lead to elevated inflation rates in 2024, with India, Turkey, and Poland experiencing the highest percentage point rises. Developed economies would witness more

Ramsay Health Care and Malaysian conglomerate Sime Darby have agreed to sell their hospital unit to Columbia Asia Healthcare for 5.7 billion ringgit ($1.9 billion), according to a stock exchange filing.

ALSO READ: Earthquake Today: Indonesia hit by 6.9 measure quake The quake was originally pegged at 5.5 magnitude, with a depth of 8 kilometers (4.97 miles), but later downgraded to a magnitude of 4.8 by EMSC, Reuters reported. Earlier on Friday, an earthquake of magnitude 5.7 struck Papua New Guinea region, the European-Mediterranean Seismological Centre (EMSC)said. The quake was at a depth of 10 kilometers (6.21 miles), EMSC said.

₹4,917 crore, a fall of 3.76% YoY (Year-on-Year). The company secured three new non-coking coal mines last fiscal (Utkal B1, B2, and C in Odisha, Gare Palma IV/6 in Chhattisgarh), which are set to commence operations early.

earthquake struck in Indonesia's Banda Sea on Wednesday, the United States Geological Survey said, with no immediate reports of damage or casualties. The shallow quake, located far from the coast, hit at 8:02 pm local time (1302 GMT), the USGS said.

Indonesia’s anti-graft court on Wednesday sentenced a former Cabinet minister to 15 years in prison after finding him guilty of corruption over the construction of mobile phone transmission towers in remote parts of the country

By Gaurav Dogra

Denso Wave Inc. engineer who invented the two-dimensional barcode known as quick response, or QR, had never imagined that his system of labelling automotive parts would one day become a crucial pillar of monetary exchange.

The leaders of Australia and China have welcomed the improvement in relations between their two countries in the past year and emphasized the importance of engaging with each other despite differences on issues such as defense

IndiGo plans to start flights to Bali and Medina in the current fiscal as the airline continues to expand its network, its chief Pieter Elbers said on Monday. The airline is «well on track» to achieve the target of carrying 100 million passengers this financial year, he told reporters here.

The Financial Services Commission (FSC) of Mauritius started collecting feedback from industry stakeholders and the general public regarding the inclusion of metaverse within the financial services industry.

By Jamie McGeever

Schengen Visas and cited that countries most likely to issue visa according to one's citizenship. And, here is a list of countries that have a considerably low rejection rate for visa applications from India: Out of 1,861 visa applicants from India, Iceland has rejected only 5.48% of them, translating into 102 denied applications. However, a reason for the low rejection rate from Iceland can be the relatively low number of applicants, but that is not the case for Germany, which is one of the top destinations for Indian applicants, the report said.

Investing.com-- Most Asian currencies advanced on Friday, while the dollar eased further as traders bet that the Federal Reserve was done with its interest rate hikes, although anticipation of key nonfarm payrolls data kept gains in check.