Indonesia Financial News

NEW DELHI : Singapore, Indonesia and the Philippines, key diplomatic partners of India, have appealed to New Delhi to resume rice exports to their nations following India’s decision to suspend non-basmati shipments to check prices. Singapore has requested around 110,000 tonnes of rice from India. In June, Indonesia announced plans to import 1 million tonnes (mt) of rice from India to protect against disruptions caused by the El Nino weather pattern.

free trade agreement on goods between India and the 10-nation Asean bloc may be taken up during a meeting in Indonesia on Monday, an official said. The issue will come up for discussion and decision during the India-Asean economic ministers meeting on Monday. The meeting is being held on the sidelines of the ongoing meeting of the Economic ministers of ASEAN.

paperboard surged by 39 per cent at 409,000 tonnes in the first quarter of 2023-24 against 294,000 tonnes in the year-ago quarter, according to an industry body. In value terms, imports rose by 28 per cent to Rs 3,153 crore in the first quarter of FY2023-24 compared to the year-ago period, Indian Paper Manufacturers Association said citing Directorate General of Commercial Intelligence and Statistics data. The surge in imports comes on the back of a 25 per cent increase in paper and paperboard imports in FY2022-23 over the previous fiscal, according to the official trade data. In FY23, paper and paperboard worth Rs 12,531 crore were imported. In the April-June period of FY24, imports from ASEAN jumped nearly three-fold and from China by 37 per cent in volume terms. Imports of all grades of paper accelerated in the first quarter with the highest jump of 214 per cent seen in imports of uncoated writing & printing paper, 28 per cent in coated paper and paperboard, 15 per cent in kraft paper and 65 per cent in tissue paper imports. The top import sources of uncoated writing & printing paper are Indonesia, Singapore and China. The top import sources of coated paper and paperboard are China, Japan and South Korea, the Indian Paper Manufacturers Association stated in a statement.

RBI in Q3. The Indian Ocean Dipole, which was positive last month has turned neutral. August month’s rainfall is forecast to be the driest since 1901.

Narendra Modi is reportedly scheduled to travel to Indonesia for the East Asia Summit and the India-ASEAN Summit next month. Mint looks at India’s ties with ASEAN countries.

Ashwini Vaishnaw on Friday addressed the G-20 Digital Innovation Alliance in Bengaluru and said that over the past decade, India's entrepreneurial landscape has undergone a remarkable transformation. «Over the past decade, India's entrepreneurial landscape has undergone a remarkable transformation. With just 500 start-ups a decade ago, today we proudly stand with over 100,000 startups and 108 unicorns.

Bloomberg reported. Here are five things to watch as they gather Aug. 22-24 in Sandton, the business hub in the city’s wealthy northern suburbs: 1.

Mumbai: Nearly 1 in every 10 women in India have owned cryptocurrency in India, marking the third-highest share globally, a study showed. Women crypto owners stood at 63 million in India as against a female population of about 685 million — a 9.2% share, data from foreign exchange education platform Forex Suggest showed. Vietnam tops the list with 12 million women cryp

Also read: Chandrayaan-3: Critical day for Indian spacecraft today. Here's what will happen National Couple's Day is dedicated to honouring and celebrating couples in romantic relationships. It's an opportunity to acknowledge the love, companionship, and partnership that couples share.

Kaavaalaa' fever! The charm of the hit song from the movie 'Jailer,' featuring Tamannaah Bhatia and Rajinikanth, is now a global phenomenon. The peppy song has captured the attention of international audiences, particularly in Japan. Joining the 'Kaavaalaa' trend, Japanese Ambassador to India Hiroshi Suzuki created a dance video with Japanese YouTuber Mayo San.

Google Doodle is celebrating Indonesia's 78th Independence Day is a special illustration designed by guest artist Diela Maharanie. Indonesia had officially declared independence from Dutch rule on August 17, 1945. “Today’s Doodle artwork represents the Indonesian community coming together to play traditional Independence day games, remembering the importance of collaboration." Google said in a blog post.

Indonesia’s president has urged a continuation of his educational reforms to turn Southeast Asia’s largest economy into one of the world’s biggest by its hundredth anniversary in 2045

A plan for how Indonesia will spend $20 billion to transition to cleaner energy was submitted Wednesday to the government and its financing partners

Amber, University Living and UniAcco that help students find accommodation near campuses across the world, are targeting 2-3x annual growth in business on soaring demand not just from Indian students going abroad but other international students as well. Companies in this space told ET that while initially they only had Indian study-abroad students, now 70-80% of their base comprises students from international markets, looking for the convenience and support these platforms offer. “The student mobility industry has seen a remarkable recovery since the pandemic, with lots of students going abroad every year,” said Saurabh Arora, CEO of University Living, a global student-housing managed marketplace.

Rice prices in Asia edged lower after rallying to the highest level in almost 15 years last week as major buyers seek to build domestic stockpiles amid persistent concerns over global supplies. Thai white rice 5% broken — an Asian benchmark — slipped to $612 a ton on Wednesday, according to data from the Thai Rice Exporters Association. Prices are still up 20% this year after surging to the highest since 2008 last week.

Rajinikanth's latest film 'Jailer' has hit it out of the park at the worldwide box-office. On the sixth day since its release on August 10, the movie has breached the Rs 400 crore-mark, globally, according to film trade analysts Manobala Vijayabalan and Ramesh Bala. 'Jailer' earned Rs 64.27 crore on Independence Day (Day 6), taking its worldwide total to Rs 416.19 crore.

Kumar Saurav will be spearheading the strategic division of the company as the chief strategic officer (CSO). Kumar joined AdCounty Media in 2018 as the global mobile business head with a vision to propel the company to worldwide recognition and nurture a culture that fosters excellence.

Accounts of contestants being forced to strip to their underwear for «body checks” during the Miss Universe Indonesia pageant earlier this month have shocked the world's most populous Muslim-majority nation

India's G20 presidency had introduced the country's capabilities and diversity to the world, Prime Minister Narendra Modi said on Tuesday and asserted that the country is becoming a «voice of the Global South». In his address to the nation on the 77th Independence Day, he also said that India's small towns may be small in size or population, but in having hopes and aspirations, they are «not less than anyone». Modi also recalled his visit last year to Bali, where India was handed over the G20 presidency by Indonesia.

Indonesia is all set to launch its own Golden Visa programme by the end of 2023. The popular tourist destination is working to change its immigration policy in order to promote foreign investment and attract international entrepreneurial and business talent. Speaking to reporters after a recent press conference Indonesia’s Minster for Tourism and Creative Economies, Sandiaga Uno revealed that the ‘golden visa’ will be rolled out by the end of the year. “We want to make sure that the Golden Visa offer is attractive for foreign tourists to invest and stay longer in Indonesia. We hope for certainty (launch) before the end of the third quarter,” Uno said. As per the initial announcement, the new residency-by-investment visa was slated to be available by June 2023.

Indonesian domestic workers and activists have begun a hunger strike to protest against the parliament's delay in passing a bill to protect domestic workers