Indonesia Financial News

BRICS group of emerging markets to grow its political clout and counter the US, officials with knowledge of the matter said. The countries have raised objections in preparatory talks for a summit in Johannesburg next month where Brazil, Russia, India, China and South Africa will discuss potentially expanding the group to include Indonesia and Saudi Arabia. China has repeatedly lobbied for expansion during those meetings, said the officials, who asked not to be identified as the discussions are private.

Elon Musk-led Twitter has run into a few rebranding snags as it morphs to an “anything app" called X. The iconic blue bird was abruptly retired this week as the billionaire businessman announced a change of logo and plans for a deeper overhaul into ‘X.com’. Indonesia however blocked access to the new web domain, citing anti-pornography laws.

Indonesian rescuers are trying to save eight miners who have been trapped at an illegal mining area in Indonesia’s main island of Java, The joint search and rescue team is racing against time Thursday as they suck water out from the hole using six wate...

Indonesian President Joko Widodo has met with Chinese President Xi Jinping in southwestern China for talks about joint projects that include Indonesia’s development of a new capital

Narendra Modi and Chinese President Xi Jinping discussed the border crisis during their brief meeting at the Bali Summit of the G20 in 2022. This came after the Chinese foreign ministry stated that the two leaders had reached a “consensus" to improve bilateral ties during their meeting on the sidelines of the Bali Summit in November. It made this claim in a press release detailing the particulars of the conversation between Indian NSA Ajit Doval and China’s top diplomat Wang Yi on Tuesday.

Billionaire Elon Musk's SpaceX is poised to launch the world's largest commercial communications satellite today. A Falcon Heavy rocket will launch Maxar Technologies' largest ever satellite called Jupiter 3, according to Space.com.

Kapture CX said that it has raised $4 million as a part of its latest round of funding led by venture capital firm Cactus Venture Partners (CVP). According to the company, it will utilise the capital to expand its presence across international markets, enhance its product offerings as well as strengthen its team. Founded in 2014, Kapture CX provides a customer support automation platform to enterprise customers helping brands improve their customer experience.

₹75,000. A month ago, when World Cup schedule was announced, most hotels, including homestays, had taken an over 100% price hike in their asking room rate. Prices of 5-stars hotels had gone up from ₹5,000-8,000 a night to ₹40,000 to ₹1 lakh for 15 October.

India's ban on shipments of a key variety is squeezing supplies and igniting concerns over food security. Buyers from Africa to Asia are likely to scramble for rice shipments as supplies tighten in coming months following India's decision last week to ban non-basmati white rice exports.

Indonesian police are investigating the illegal trade in human organs involving police and immigration officers who were accused of helping traffickers send 122 Indonesians to a hospital in Cambodia to sell their kidneys

Power shifts in China were always high on intrigue, but its foreign ministry has developed what looks distinctly like cloak-and-dagger characteristics. The country’s December-appointed foreign minister Qin Gang first vanished from public view.

Matty Healy's recent protest during a concert in Malaysia has sparked significant responses from LGBT activists and allies in the nation. Critics have labeled the act as «performative activism», expressing concerns that it could exacerbate the difficulties faced by the LGBT community in Malaysia. Homosexuality remains criminalized in the country, with potential penalties of up to 20 years in prison. During the music festival in Kuala Lumpur last Friday, the lead singer of the indie-rock band «The 1975», Matty Healy, took the stage and launched into a profanity-laden tirade against Malaysia's anti-LGBT laws. In an act of protest, he also kissed his male bandmate. Throughout the performance, Healy appeared to be under the influence of alcohol and reportedly vandalized a drone owned by the concert organizers. Attendees even claimed that he spat on some fans. His defiant behavior continued as he swaggered across the stage and insulted the Malaysian government. The band's set was eventually shut down shortly after the incident. However well-intentioned, locals argue that his actions have disrupted an already delicate political environment for LGBT Malaysians, leading to further harm and damage. «The 1975» cancelled a concert in Indonesia Sunday, after Malaysia axed a festival over a same-sex kiss and tirade against the country's anti-LGBTQ laws by their frontman. Indonesia's LGBTQ laws are less strict than those in neighbouring countries such as Malaysia, where homosexuality is a crime. But several events have been cancelled in recent years.

China removed Foreign Minister Qin Gang from his post on Tuesday after a one-month absence from public duties, replacing him with his predecessor Wang Yi, state media said, after weeks of speculation about what had happened to him. Qin, 57, who only took up the job in December after a brief stint as envoy to the United States, had not been seen in public since June 25 when he met visiting diplomats in Beijing.

crypto fantasy GameFi project Kandle has raised $1.7 million in a seed funding round led by Saama. PointOne Capital, Cloud Capital, Good Capital, Founder’s Room, Seeders Fund, and CoinDCX CEO Sumit Gupta also participated in the round. GameFi is a fusion of blockchain technology, gaming and decentralised finance, and allows players to earn cryptocurrency and NFTs by playing games on the network.

COLOMBO (Reuters) — Sri Lanka plans to complete free trade talks with Thailand by February and sign an agreement in March, Sri Lanka's cabinet spokesperson said on Tuesday, as part of an effort to expand trade as it emerges from economic turmoil.

Investing.com — Most Asian currencies firmed on Tuesday, aided by a mix of dollar weakness and promises of more Chinese stimulus aided sentiment, with focus now turning to an upcoming Federal Reserve meeting.

BRICS meeting in South Africa on Monday, according to a statement issued by the Ministry of External Affairs. During the meeting, NSA conveyed that the situation along the LAC in the Western Sector of the India-China boundary since 2020 has eroded strategic trust and the public and political basis of the relationship, the statement read.

Doval has met top Chinese diplomat Wang Yi and discussed bilateral ties with him. The meeting took place on the sidelines of the Friends of BRICS meeting here in South Africa on Monday. The meeting came days after External Affairs Minister S Jaishankar met Wang, director of the Office of the Foreign Affairs Commission of the Communist Party of China Central Committee, in the Indonesian capital Jakarta, and discussed outstanding issues relating to peace and tranquillity in border areas.

Investing.com-- Most Asian stocks kept to a tight range on Tuesday as markets awaited more cues from a Federal Reserve meeting this week, while Chinese markets rose sharply after top officials promised more policies to support growth. 

PV Sindhu will be aiming to regain her form while the red-hot men's doubles duo of Satwiksairaj Rankireddy will aim to carry forward their momentum after the Korea Open as the Indian contingent looks forward to the Japan Open, set to take place from July 25 to July 30. Satwiksairaj and Chirag, currently ranked at number three in Badminton World Federation Rankings (BWF), clinched the Korean Open title on Saturday after overcoming a challenge from top-ranked Indonesian pair of Fajar Alfian and Muhammad Rian Ardianto in the final. As per Olympics.com, this was Satwik-Chirag's third BWF title win this year after the Swiss Open and Indonesia Open.

An earthquake of magnitude 6.0 on Richter scale jolted Indonesia's East Nusa Tenggara island on Tuesday. The geophysics agency informed about the earthquake and said that there is no potential threat for tsunami.