Indonesia Financial News

Biden and Xi have not engaged in any discussions since their last meeting in November, which took place on the sidelines of the Group of 20 summit in Bali, Indonesia. Tensions between the world's leading economies have remained consistently elevated throughout the past year.

New Delhi: Karma Group, a members-only hotel enterprise overseeing 45 resorts worldwide including 15 in India, is looking to invest $100 million over the next three to four years, a top company executive said. The company is working with EY to assess financing options including debt, private equity, and a potential initial public offering (IPO), chairperson and CEO John Spence said in an interview. The funds will be used to develop and acquire new resorts to support its current 10-15% annual revenue growth.

Pearl Global Industries shares have been performing exceptionally well on Dalal Street, rewarding their shareholders massively in a relatively short period of time. In just three months, the stock more than doubled investors' wealth by delivering a return of nearly 121%. Over the last six months, the stock has seen a significant increase in value, climbing from ₹438 apiece to ₹1,404, generating a return of 220%.

BEIJING/MANILA (Reuters) -China and the Philippines traded accusations over a collision in disputed waters of the South China Sea as Chinese vessels blocked Philippine boats supplying forces there on Sunday in the latest of a series of maritime confrontations.

The Central Banks of China and the United Arab Emirates (UAE) have recently signed memoranda of understanding (MoUs) relating to digital currencies during the third "Belt and Road" International Cooperation Summit Forum in Beijing this week. 

Olympic Games are the biggest sports events but they are mega business events too which need to be planned and executed keeping in mind all the possible costs and benefits. India, which is now trying to join the ranks of advanced economies and could become the world's third largest economy in a few years, has decided to throw its hat in the Olympics ring. Prime Minister Narendra Modi has confirmed India’s bid for the 2036 Olympics while inaugurating the 141st International Olympic Committee (IOC) session on October 14.

(Reuters) -Copper miner Freeport-McMoRan (NYSE:FCX) beat Wall Street estimates for third-quarter profit on Thursday and slightly raised its full-year copper sales outlook as it began shipments from Indonesia.

NEW DELHI : Indians will spend $410 billion on travel and accommodation by the end of the decade aided by a growing economy, swelling incomes and youthful population, a new study said. This is about three times the amount ($150 billion) spent in 2019, the last pre-covid year of normal consumption. Indians are keen on non-traditional accommodation such as hostels, campsites, vacation rentals and chalets, the study by Booking.com with knowledge partner McKinsey & Company said.

2034 World Cup, Indonesian soccer leader Erick Thohir said on Wednesday that his federation now supports Saudi Arabia. Thohir's change of plan was detailed in a statement on the Indonesian soccer federation website hours before an online meeting of the Asian Football Confederation, whose 47 members include Australia, Indonesia and Saudi Arabia. During the meeting, FIFA President Gianni Infantino urged AFC members to «be united for the 2034 World Cup.» Infantino has long been a close ally of Saudi soccer and the kingdom's Crown Prince Mohammed bin Salman, and FIFA's surprise decision two weeks ago to fast-track bidding for the 2034 men's tournament was seen as favourable for them.

Financial Times which claimed that Adani buys coal from Indonesia and its price double when it reaches India. The Congress leader further blamed Adani for the rising electricity prices in India and said that the citizens' money was going to Adani's pockets through overpricing. “People are paying more for each unit.

Adani is being protected by the Prime Minister of India, said Congress leader Rahul Gandhi on Wednesday during a press conference. Launching a scathing attack on the ruling party, Gandhi said, “Why is the government not getting Adani investigated?” Rahul Gandhi cited a media report to accuse Adani Group of over-invoicing in coal imports and taking away Rs 12,000 crore from people. Electricity costs for common people going up due to inflation in cost of coal import by Adani, he added.

fundamentally strong stocks that took a hit due to falling profit margins. These stocks are market leaders in their respective industries and have a competitive edge over their peers. They could potentially stage a comeback in 2024.

Air Asia CEO Tony Fernandes recently held a meetin... moreAir Asia CEO Tony Fernandes recently held a meeting shirtless, while getting a massage.

China’s Belt and Road Initiative looks to become smaller and greener after a decade of big projects that boosted trade but left big debts and raised environmental concerns

An Australian online classifieds marketplace is beefing up its Asian footprint ahead of a potential ASX listing.

Malaysian energy major Petronas, Indonesia's renewables firm Sun Energy and global commodities company Vitol are in talks to acquire TPG Capital's Rise Fund-backed Fourth Partner Energy, a renewables company that supplies green energy to commercial and industrial establishments, said two sources aware of the development. The majority stake sale is likely to value the company's equity base at around $450-$500 million, the sources said. TPG, which owns close to 50% stake in the business, is looking to completely exit the company through this transaction, the sources added.

South Korea's leading cryptocurrency exchange Upbit by volume has secured in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). 

fertiliser to more than double over the past year, but he is bitterly aware of the consequences. At his farm in northeastern Nigeria, he can no longer afford enough fertiliser, so his corn is stunted and pale, the scraggly plants bending toward the powdery earth. Inside his mud house, he has grown accustomed to explaining to his two young children and pregnant wife why they must make do with two meals a day — and sometimes only one — even as hunger gnaws. As he and his neighbours commiserate over the calamity unfolding across much of Africa, they exchange theories on one source of trouble: Russia's war on Ukraine, which disrupted shipments of key ingredients for fertiliser. «We are in two different worlds, separated by airplanes and oceans,» Chubado said.

NEW DELHI : India may sign a memorandum of understanding (MoU) with its key diplomatic partner Indonesia to sell up to 1 million tonnes (mt) of white rice annually, two government officials said. India’s 20 July ban on non-basmati white rice exports comes even as Indonesia plans to safeguard food security against disruptions caused by the El Nino weather pattern and difficulties with supplies from Vietnam, the current major supplier. Although Indonesia is self-sufficient in rice production, it procures rice through MoUs when there is uncertainty in meeting its domestic demand.

SAIL plans to start the trial production of head hardened (HH) rails, used in metro rail and freight corridor projects, by month-end, its Chairman Amarendu Prakash said. The steel PSU was earlier looking to start the trial production of HH rails in August but deferred it due to the demand for normal rails like 880 grade from the Indian Railways, Prakash told PTI in an interview. «We have the technology.

Global steel demand needs revival for domestic prices to rise HH rails are special rails used in high-speed freight corridors and metro rail projects. Such rails are manufactured using head hardening technology to bear about 50 per cent higher pressure compared to normal rails. SAIL has set up facilities for the production of HH rails at the new Universal Rail Mill (URM) at its Bhilai Steel Plant (BSP) in Chhattisgarh, and the cold trials for the same have already been completed.