Indonesia Financial News
17.09 / 15:53
Citi
country
Coast Guard ship Samudra Prahari on overseas deployment to ASEAN countries
ICG) ship Samudra Prahari, a specialised pollution control vessel, is currently on an overseas deployment to ASEAN countries, officials said on Sunday. The deployment is from September 11 to October 4, according to an official statement. This deployment is part of India's ASEAN initiatives for marine pollution response, showcasing the pollution response capabilities of the ICG and its commitment to addressing marine pollution issues and enhancing capacity in the region, the statement said. The ship is equipped with a Chetak helicopter in pollution response configuration, enhancing its capabilities in the area.
15.09 / 02:23
Citi
show
India export duty stifles activity, prices ease in other hubs
parboiled rice exports crippled activity in India this week, while Vietnamese and Thai export rates eased further from recent highs. India's 5% broken parboiled rice prices remained at $525-$535 per metric ton, still near a record $520-$540 hit on Aug. 31. «Trade is paralyzed… It could restart after duty (on parboiled rice) becomes nil post Oct.
14.09 / 17:19
UPS
Lowe's
country
India's vegetable oil imports up 33 per cent in Aug: SEA
India's vegetable oil imports rose 33 per cent year-on- year to 18.66 lakh tonne in August due to lower duties and a revival of demand after a fall in domestic rates, according to industry body SEA.
14.09 / 16:55
business
event
Adoption
Web3
Web3 company to have balloons featured during Macy's Thanksgiving Day Parade
The Macy's Thanksgiving Day Parade, one of the most iconic events surrounding the United States holiday in November, will feature characters from the crypto and blockchain space for one of the first times in its 99-year history.
14.09 / 12:57
Waters
Manufacturing
Assurant
Parke
Hyundai
country
rock
park
New Indonesian industrial park on Borneo, feted as 'green,' will be powered by coal, report says
An industrial park being built in Indonesia on the tropical island of Borneo that has attracted billions of dollars in foreign and domestic investment is damaging the environment in an area where endangered species live and migrate
14.09 / 11:49
14.09 / 06:01
13.09 / 23:41
COST
Digital
Ripple
XRP
performer
SBI extends Ripple XRP to new remittance corridors
SBI Remit, part of Asian fintech powerhouse SBI, has been tapping Ripple for its international money transfer service since 2017.In 2021 it began using XRP as a bridge between two fiat currencies to perform cross border remittances from Japan to a digital wallet in the Philippines. From this month, the effort will be expanded to bank accounts in the Philippines, Vietnam, and Indonesia.
13.09 / 20:07
Action
country
WTO
reform
2024
WTO reform, food security, ecomm among issues for 2024 ministers' meet: WTO DG Ngozi Okonjo-Iweala
Ngozi Okonjo-Iweala on Wednesday said food security, reform of the multilateral trade watchdog, development agenda, moratorium on ecommerce transactions, and fisheries subsidies agreements are the deliverables for the ministerial conference (MC) next year. She also said that work is on to introduce «deliberative sessions» at the MC13 for ministers to discuss issues related to carbon taxes, climate, MSMES, women, industrial subsidies and trade. «For MC13, we're trying to get a breakthrough in food security and agriculture but the issues are tough. Some members want to look at trade distorting subsidies and others want to work on stockholding (issues) like India,» she said. Public stockholding is a policy tool used by governments to purchase, stockpile and distribute food when needed.
13.09 / 16:17
COST
UPS
Citi
Inside
Indonesian leader takes a test ride on Southeast Asia's first high-speed railway
Indonesian President Joko Widodo has taken a test ride on Southeast Asia’s first high-speed railway, a key project under China’s Belt and Road infrastructure initiative
13.09 / 14:31
Provident
VISA
awards
country
cover
GREAT Scholarship: Eligibility, how to apply and more
GREAT Scholarship is given to individuals who want to pursue higher studies in the UK. More than 200 scholarships are awarded every year. A minimum amount of £10,000 is given to candidates chosen. Individuals who come from India, China, Malaysia, Thailand, Indonesia, and Turkey are eligible for this scholarship. The chosen postgraduate program should begin in September. Indians are given the most number of scholarships. The scholarship covers the full tuition fees for one-year postgraduate programs or the tuition fee for the first year of master’s degree programs with a duration of two years.Eligibility
13.09 / 00:59
UPS
Progressive
performer
rock
Grant
Grant Samuel slings Singapore lenders for Stanmore’s BHP coal tilt
Stanmore Resources is fronting lenders once again as it hunts for nearly $1.25 billion in debt to bankroll its bid for BHP’s up-for-grabs Blackwater and Daunia mines in Queensland.
12.09 / 17:59
Digital
Progressive
Manufacturing
Strategy
country
WTO
Time
WTO flags rising trade barriers, says time to re-globalize
NEW DELHI : The World Trade Organization (WTO) on Tuesday flagged growing fragmentation in international trade with an over-ninefold increase in the number of trade concerns raised in just the last six years. Trade concerns raised at WTO committees are seen as an early indicator of trade disputes.
12.09 / 14:19
Citi
Provident
Art
Dreams
beautiful
exclusive
symphony
Premium
Indian
From Banarsi silk to Andhra's premium Araku coffee, take a look at Indian souvenirs gifted to G20 leaders
G20 Summit concluded with a successful adoption of declaration after bringing all the G20 leaders into common ground. Apart from the diplomatic success, the whole summit served as a platform to highlight India's rich culture and heritage. G20 summit's main aim was to introduce the global leaders with India's rich culture and heritage.
12.09 / 06:50
UPS
Provident
Target
MET
CEO
country
Power
How WA’s regional power provider thinks it can help East Java
Remote communities of East Java present a unique opportunity for Western Australia’s regional power provider, according to its chief executive, who says technology used to deliver electricity to outback communities can be rolled out in Indonesia.
12.09 / 04:43
UPS
Manufacturing
Platform
Entertainment
country
electronic
cricket
Top 5 Stocks to Benefit from the Upcoming Cricket World Cup 2023
upcoming Cricket World Cup 2023 has been building up for some time. Fans across India are hoping that ‘conservative’ India can lift the trophy after 12 years on home soil. India triumphed over Sri Lanka in the 2011 Cricket World Cup.
11.09 / 21:59
Waves
Lowe's
Target
Ripple
Continental
Marketmind: Japan waves ripple far and wide
By Jamie McGeever
11.09 / 19:05
COST
Progressive
Strategy
performer
rock
Fertiliser downturn at Incitec Pivot but sale talks still on
Explosives and fertiliser group Incitec Pivot says it is still in talks about a potential sale of its fertilisers business in a complicated transaction, even though the asset is performing below expectations as farmers switch to lower-margin products.
11.09 / 18:17
UPS
Lowe's
show
What’s cooking? Another surge in edible oil imports
Mint explains. During the rain-fed kharif crop season (June to October) the major oilseed crops grown are soya bean and groundnut. Soya bean, which is the largest kharif oilseed, has been planted in more than 12.5 million hectares—marginally more than last year—but the crop is in a poor state due to a prolonged dry spell in major producing states such as Madhya Pradesh and Maharashtra.
11.09 / 14:55
Lowe's
SUN
Platform
stage
country
voice
World media hails India's successful organisation of G-20 Summit, describes outcome as diplomatic victory for PM Modi
G-20 Summit, describing its outcome as a diplomatic victory for Prime Minister Narendra Modi who is pushing to increase the country's influence on the world stage and pressing for reforms in global institutions, including the United Nations. India managed to hammer out the unexpected consensus among the G20 countries on the contentious Ukraine conflict through a series of hectic negotiations with emerging economies such as Brazil, South Africa and Indonesia playing a leading role in reaching the agreement on the declaration on the first day of the summit. The New Delhi summit declaration also called for reforming of international financial institutions, managing debt vulnerabilities of low and middle-income countries and the start of the exchange of tax-relevant information on crypto assets by 2027. «Some experts saw the agreement as a win for Russia, while others read it as an achievement for the West.
11.09 / 12:33
UPS
Citi
show
Lulu Group to set up large shopping mall in Ahmedabad, Chennai: Yusuff Ali
LuLu Group International Yusuff Ali on Monday said his group is going to set up two large shopping malls in India — Ahmedabad and Chennai. Speaking to ANI, Ali said, «We are going to construct one of the largest shopping malls in Ahmedabad and Chennai and we are opening our shopping mall in Hyderabad end of this month. Also we are going to different states for shopping malls and food processing.» Hyderabad will be the sixth city after Kochi, Thiruvananthapuram, Bengaluru, Lucknow, and Coimbatore where the group has its shopping mall presence. Lulu Group, headquartered in Abu Dhabi, UAE, has been known as a trendsetter in the retail industry in the Middle East and North Africa region.
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