Indonesia Financial News
28.08 / 13:49
country
Russian President Vladimir Putin holds phone call with PM Modi ahead of G20 Summit in India: Report
Narendra Modi as reported by Russian news agency TASS. The call between the two top leaders were held after reports last week indicated that Russian President will not personally attend the G20 summit to be held in New Delhi in September and the Kremlin announced on Friday, saying he has a "busy schedule" and the main focus is still the "special military operation" in Ukraine. The G20 world leaders' summit is scheduled to be held in New Delhi on September 9 and 10.
27.08 / 22:13
27.08 / 16:05
UPS
Provident
FIVE
Platform
Gap
expansion
We have valid reasons to be wary of BRICS expansion
the future of BRICS-Plus. The Johannesburg summit of BRICS leaders, which ended on 23 August 2023, agreed to induct six new members: the United Arab Emirates (UAE), Saudi Arabia, Argentina, Iran, Egypt and Ethiopia. Along with the existing five members—Brazil, Russia, India, China and South Africa—the expanded grouping of 11 members now presents an interesting alchemy of geo-political and geo-economic interests.
27.08 / 08:23
UPS
FIVE
Cooper
Sky News
Helicopter
Three US Marines die in 'tragic' Australia helicopter crash
By Samuel McKeith
27.08 / 08:17
Provident
FIVE
stage
Three US Marines dead after aircraft crashes during drills in Australia
US Marines died Sunday after an Osprey aircraft crashed on a remote tropical island north of Australia during war games, US military officials said. Five Marines had been rescued from the crash site and flown to a hospital in Darwin in a «serious condition», the US officials said, while Australian police said they were triaging the rest of the injured crew at the scene. «There were a total of 23 personnel on board,» US military officials said in a statement. «Three have been confirmed deceased while five others were transported to Royal Darwin Hospital in a serious condition.» Rescue efforts were complicated by the location of the crash — the remote and sparsely populated Melville Island about 60 kilometres (37 miles) north of the Australian mainland. «Recovery efforts are ongoing,» US officials said, adding that an investigation into the cause of the incident had been launched. Prime Minister Anthony Albanese described the incident as «tragic» and «regrettable» but stressed that authorities were still trying to piece together what happened. «We want to make sure that any information that is provided is absolutely accurate,» he told reporters. The Osprey — a mix between a helicopter and a plane — was taking part in the Predators Run exercises, a joint series of warfighting drills involving thousands of soldiers from the US and Australia, as well as other militaries such as Indonesia and the Philippines. Northern Australia has become an increasingly important staging ground for the US military in recent years, as Washington and Canberra work together to counter China's growing clout in the Asia-Pacific region. — Troubled aircraft — The Osprey aircraft has a troubled history, blighted by a string of fatal crashes over the
27.08 / 05:37
BLOCK
Booking
country
musician
G20 Summit: ITC Maurya, Taj Palace and other hotels selected for top world leaders
G20 summit, close to 3,500 rooms across big and small hotels in Delhi and Gurgaon have been booked, reported TOI. To cater to the needs of the leaders, over 10,000 hospitality professionals have been instructed to be present across 30 prominent hotels across central and south Delhi, Aerocity and Gurgaon. Delhi Police, Ministry of External Affairs and other embassies have already started security drills almost two months ago, according to TOI quoting a Hyatt Regency Hotel spokesperson. Hotel Arrangements for World Leaders Several luxury hotels across Delhi and other nearby locations have been selected to host the leaders. US President Joe Biden is expected to stay at ITC Maurya while Chinese President Xi Jinping is set to be hosted by Taj Palace. Other hotels such as Shangri La's Eros expected to have UK PM Rishi Sunak and German delegation, The Imperial may host the Australian PM and Indonesian delegation, Taj Mahal to have UAE delegation; Leela Palace expects Saudi Arabia delegation, The Lalit to have Canadian and Japanese delegations, The Claridges expects French president Emmanuel Macron and The Oberoi will host Russian delegation. During the stay, several preparations are in place to give the world leaders a taste of the Indian culture. «Indian musicians, especially the ones good at playing dhol, tabla, sitar, sarod and shehnai, are being signed up for welcoming the guests and also for playing soft music through the day in lobby,» explained a hotel manager. Another hotel's representative explained that from 'organising a traditional Indian welcome with a popular local music or dance performance and signature Indian welcome drinks to stocking the rooms with specially curated amenities, such as Indian coffee, teas,
25.08 / 11:09
country
Russian President Vladimir Putin to skip G20 Summit in New Delhi; Here's why
BRICS 15th Summit in Johannesburg, South Africa and addressed the event virtually. In the BRICS 15th Summit the Russian delegation was led by Russia's Foreign Minister Sergey Lavrov.
25.08 / 06:05
COST
UPS
Manufacturing
SENSEX
Bayer
dividend
Top 5 Beaten-Down Dividend Stocks That Look Undervalued
BSE Sensex has run up quite a bit in recent months. After touching its all-time high of 67,619 in July 2023, it currently trades at 65,400 levels. In this bullish market, most stocks have climbed up the ladder, commanding rich valuations.
25.08 / 05:21
MET
BLOCK
Progressive
country
Explainer
Mint Explainer: Modi, Xi meet on sidelines of BRICS Summit. Why is it important
Narendra Modi and President Xi Jinping of China met on the sidelines of the BRICS Summit in Johannesburg, South Africa. The two leaders held “candid and in-depth" exchange of views on current China-India relations and other questions of shared interest. Mint explains the significance of the meeting.
25.08 / 04:03
Google
Mobile
Meta shutting down Messenger Lite app for Android
Meta is shutting down the Messenger Lite app, the lightweight stripped-down version of Messenger, on Android.Currently, users of the app are receiving a message that advises them to «use Messenger to keep chatting», reports TechCrunch. The app has already been removed from the Google Play Store for new users and will no longer be available after September 18 for existing users. «Starting August 21, people using the Messenger Lite app for Android will be directed to Messenger or FB Lite to send and receive messages on Messenger,» a Meta spokesperson told TechCrunch in an email. In 2016, Meta (then known as Facebook) had introduced Messenger Lite for Android for users with less-powerful Android devices, offering only the essential features of the instant messaging app to consume less storage space and processing power. Even thoughMeta released Messenger Lite for iOS, the company had discontinued it in 2020. According to mobile analytics firmdata.ai, the Lite versions of the app had combined downloads of around 760 million globally, with India holding the single largest portion, followed by Brazil and Indonesia. Meta recently announced that Messenger will drop SMS support next month. It had notified users that they «will no longer be able to use Messenger to send and receive SMS messages sent by your cellular network when you update your app after September 28, 2023». Earlier this week, Meta had announced its plans to release default end-to-end encryption on Messenger by the end of this year.
24.08 / 15:05
UPS
DISH
BWF
show
Satwik-Chirag duo enters quarters, Treesa and Gayatri bow out of World Championships
Satwiksairaj Rankireddy and Chirag Shetty stood one step away from another World Championships medal after reaching the quarterfinals with a three-game win over Indonesia's Leo Rolly Carnando and Daniel Marthin here on Thursday. The world number two pair, which had claimed a maiden bronze in the last edition, bounced back from a mid-game slump to outwit Carnando and Marthin, ranked 10th, 21-15 19-21 21-9 in the round of 16 match that lasted a little over an hour. The Commonwealth Games champions, who won four titles this season, will meet either 11th seeds Kim Astrup and Anders Skaarup Rasmussen from Denmark or Malaysian seventh seeded combination of Ong Yew Sin and Teo Ee Yi next. Earlier, the women's doubles pair of Treesa Jolly and Gayatri Gopichand, who reached the semifinals of the All England Championships in the last two editions, couldn't sustain the attack and went down 14-21 9-21 in 42 minutes against top seeded Chinese duo of Chen Qing Chen and Jia Yi Fan. It was only the second meeting between Gayatri-Treesa and the Chinese pair with the Indians having lost to the world number one Chinese team at the German Open last year. Chen and Jia are three-time gold medallists at the World Championships, won three BWF titles, and finished runner-up twice this season. Satwik and Chirag showed great anticipation and execution to dish out an attacking game. Chirag was simply superb with his interceptions as he glided through the court and punished any weak returns from their rivals. The Indian pairs had a slow start but Chirag and Satwik soon stepped up, bringing more discipline in their approach. The Indians rained down their cross court returns with Chirag patrolling the front court.
24.08 / 09:47
country
Time
BRICS Summit 2023: PM Modi, Xi Jinping hold brief conversation, second time after G20 meet | Video
ANI, Prime Minister Narendra Modi was seen brief conversation with Xi Jinping before the conference began of the Brazil, Russia, India, China and South Africa (BRICS) Summit. The brief conversation between the two leaders seems like an interesting development in the backdrop of the famously estranged relationship between the two countries following the Eastern Ladakh standoff, that began in 2020 and has failed to reach a solution despite repeated talks among various ranks.
24.08 / 05:55
UPS
Citi
Amazon
Platform
TikTok
TikTok plans to ban links to e-commerce websites such as Amazon: Report
TikTok is reportedly planning to ban links to outside e-commerce websites such as Amazon, as it ramps up its shopping platform in the US. The move is seen as a way for the company to force people to use TikTok Shop if they want to purchase an item that they see on the app, reports 'The Information'. According to the report, TikTok Shop is on track to lose more than $500 million in the US this year. «TikTok Shop, the app's nascent shopping service, is expected to lose more than $500 million in the US this year,» said the report, citing sources. The loss reflects TikTok's heavy investment in hiring, building a delivery network and «subsidising merchants that offer double-digit-percentage discounts and free shipping,» the report added. Consumers in the US are spending around $3-$4 million a day on TikTok Shop. The company expects this figure to exceed $10 million by the end of the year. TikTok, the short video platform owned by ByteDance, launched online shopping service TikTok Shop in 2021, starting in Indonesia.
24.08 / 01:59
COMPOSITE
NIFTY
SENSEX
NVIDIA
Nikkei
6 things that changed for market overnight: Gift Nifty, Nvidia share rally to global market cues for Sensex today
Indian stock market is expected to open higher on Thursday following a rally in global peers. Asian shares gained in the morning trade, while US stock ended higher overnight on renewed hopes that central banks will pause their interest rate hikes after weak economic data. On the domestic front, the Indian equity market rallied on Wednesday with the benchmark Nifty closing above 19,400 level.
23.08 / 17:41
UPS
MAIL
Aware
country
India to export rice to Mauritius & Bhutan in an exception for friends
NEW DELHI : India will supply 14,000 tonnes of non-basmati rice this year to Mauritius and 79,000 tonnes to Bhutan under humanitarian operations, making an exception for two key diplomatic partners. The decision has been taken after India received requests from both the nations to exempt the export prohibition on non-basmati rice, two government officials aware of the matter said. Mint on 20 August reported that after the UN World Food Programme, and three nations—Singapore, Indonesia and the Philippines—had appealed to New Delhi to resume rice exports to their nations following India’s decision to suspend non-basmati white rice shipments to check prices effective from 20 July.
22.08 / 18:39
UPS
Aviat
Aware
CEO
Airlines
Boeing
Air India Express readies flights to take 2nd spot
Air India Express has chalked out an aggressive expansion drive deploying 50 Boeing 737 Max planes by the end of 2024. The airline is aiming to corner a firm second place, behind market leader IndiGo, in the cut-throat Indian domestic market, people aware of the development said. Air India Express, which currently has 25 aircraft, is in the process of being merged with AirAsia India, which has 28 Airbus A320neo planes.
22.08 / 10:51
22.08 / 06:25
MET
track
BRICS 2023: Will PM Modi meet China's President Xi Jinping today? Know details
Narendra Modi is expected to hold a bilateral meeting with Chinese President Xi Jinping on the sideline of the BRICS summit. Giving a hint of the meeting, PM Modi, on Tuesday, said that he looks forward to holding bilateral meetings with "some of the leaders present in Johannesburg". Shedding light upon PM Modi's schedule in Johannesberg during the BRICS summit, Foreign Secretary Vinay Kwatra in a special briefing, said that the schedule for bilateral meetings with leader is still being developed.
21.08 / 14:07
Progressive
country
ASEAN
India, Asean to intensify efforts to conclude FTA review by 2025
India and the 10-nation bloc Asean on Monday said they have directed their officials to intensify their efforts to conclude the review of the existing free trade agreement in goods between the two regions by 2025. The issue was discussed during the twentieth AEM (Asean Economic Ministers)-India Consultation meeting, held at Semarang, Indonesia. According to a joint media statement, the meeting welcomed the progress of the review of the Asean-India Trade in Goods Agreement (AITIGA).
21.08 / 13:01
MET
Remark
country
BRICS Summit: Will PM Modi meet China's Xi Jinping in South Africa. What we know
Narendra Modi on the sidelines of the 15th BRICS Summit in South Africa, Foreign Secretary Vinay Kwatra has said that the Prime Minister's schedule is still being developed. Ahead of Prime Minister Narendra Modi's visit to South Africa and Greece, Kwatra, in a special press briefing said, "As I mentioned in my remarks, the host country South Africa has invited a large number of guest countries, besides of course the BRICS members who would be present there." "The Prime Minister's schedule in terms of bilateral meetings with those leaders who would be present in South Africa is still being developed," Kwatra said.
21.08 / 09:41
FIVE
Cooper
Platform
country
G20 Pandemic Fund grants $25 mn for animal health system in India
New Delhi: The G20 Pandemic Fund has granted $25 million to India's animal husbandry & dairying department to aid pandemic preparedness and response, according to the ministry of fisheries, animal husbandry & dairying. This funding will improve India's animal health system, a crucial part of the One Health approach for pandemic prevention.
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