Indonesia Financial News

Middle Eastern terrorist groups associated with ISIS are increasingly turning to cryptocurrency to conduct their operations, according to a new report from TRM Labs.

Barbenheimer' craze is taking over India. With 'Oppenheimer' and 'Barbie' hitting the screen nationwide last week on July 21 (Friday), the clash of the titans at the box-office has been an epic one.

China, state media reported Monday. The gym at the No. 34 Middle School in Qiqihar, Heilongjiang Province collapsed just before 3 pm (0700 GMT) on Sunday, state news agency Xinhua said. «A total of 11 people died in the accident,» state broadcaster CCTV said, adding that an investigation of the accident was in progress. Nineteen people were at the gym when the accident took place, local newspaper Heilongjiang Daily said. Four escaped and four others survived after being pulled from the rubble. Footage aired by CCTV showed the entire roof collapsed onto the gym and rescue workers picking through the debris.

China's Foreign Minister Qin Gang has not been seen in public for almost a month, sparking a flurry of questions over his whereabouts. Here's what we know so far about the disappearance of one of China's most senior diplomats: — Who is Qin Gang? — Qin, considered a confidante of President Xi Jinping, was appointed foreign minister in December 2022. The 57-year-old spent several years at the Chinese embassy in London and is a fluent English speaker.

Also read: Stranded San Francisco-bound fliers: Air India ferry flight likely to reach Russia tomorrow Rescue and recovery efforts have been ongoing, with local authorities and the search and rescue agency working to identify the victims and provide support to their families. Survivors are receiving medical treatment at local hospitals.

A feature of modern popular culture is its ability to elevate certain individuals from their real-life plane of equality with their fellow humans and ascribe to them attributes fit for a superhero rather than a mere mortal. The media created stars and superstars in the 20th century as well, but the era of social media seems to have spawned a colossal celebrity that transcends borders, bringing inflation and much else in its wake.

The 1975, a British pop-rock band, has canceled upcoming shows in Indonesia and Taiwan after their set was cut short at a music festival in Malaysia. The decision came following frontman Matty Healy's comments on Malaysia's anti-gay laws and an on-stage kiss with a bandmate. The band had eagerly looked forward to performing for fans at Jakarta’s We the Fest on Sunday (July 23) and at the Taipei Music Center on Tuesday (July 25) as part of their Asia tour 2023. However, due to the current circumstances, they had no choice but to call off the scheduled performances. In a statement posted on We the Fest’s Twitter page, The 1975 wrote, “The 1975 regret to announce that their forthcoming shows in Jakarta and Taipei will no longer be going ahead as planned. The band never takes the decision to cancel a show lightly and had been eagerly looking forward to playing for fans in Jakarta and Taipei but unfortunately, due to current circumstances, it is impossible to proceed with the scheduled shows.” The controversy arose when Matty Healy openly criticized Malaysia's LGBTQ laws during the Good Vibes Festival in Kuala Lumpur on July 21. He also engaged in a kiss with bassist Ross MacDonald on stage. The festival's organizer, Future Sounds Asia, responded by canceling the remaining days of the festival.

TVS Motor, India's second-largest two-wheeler manufacturer, is scheduled to announce its first-quarter results for FY2024 in this week. Analysts are expecting the company to report strong earnings growth, driven by robust sales and margin expansion. The company is well-positioned to benefit from the growing demand for two-wheelers in India and the increasing exports of its products.

Astra Air’ to air missile on the combat aircraft. The move, if implemented could prove to be a big step for the ‘Make in India’ initiative, wherein indigenously made weapons would be integrated into the globally popular fighter jet.  The French made Rafale Fighter jets are used by many countries including India, France, Egypt, Qatar and many others along with Greece, Croatia, UAE and Indonesia, have placed orders for these planes.

It’s one of the largest players in the sector in Asia, and now Pupuk Indonesia appears to be getting serious about Incitec Pivot’s fertiliser business.

Indonesian fitness influencer, Justyn Vicky, lost his life in a horrifying accident at a gym in Bali. As a viral video circulated on social media, the devastating incident unfolded during a squat press attempt with a barbell on his shoulders. In the video, Justyn Vicky is seen attempting to lift an immense 210-kilogram weight at the Paradise Bali gym. However, as he went into the squat position, he encountered difficulties standing back up, as reported by various media outlets. Struggling to hold the weight, he tragically fell backward into a sitting position, with the barbell landing on the back of his neck. During this terrible moment, his spotter, the person responsible for providing assistance and support during weightlifting, also lost balance and fell backward with him.

Blockchain intelligence platform TRM Labs recently released a report that presents several case studies highlighting the use of cryptocurrency by ISIS affiliates across Asia. The report links on-chain connections between these groups and pro-ISIS fundraising campaigns in Syria.

SYDNEY (Reuters) -The United States commissioned a warship in Sydney, Australia, on Saturday, the first time a U.S. Navy vessel joined active service at a foreign port, as the two close allies step up their military ties in response to China's expanding regional reach.

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The national cryptocurrency exchange announced by the Indonesian government a week ago has begun to function, according to a statement from the country’s Commodity Futures Trading Supervisory Agency, known as Bappebti. The platform will be the only space in the country where the legal exchange of digital assets is allowed. 

crypto asset bourse to provide regulators with transaction records and better protect crypto investors, the government announced this week. The launch of the exchange and clearing house is also intended to strengthen monitoring of the booming sector amid a transition in regulatory oversight, according to the Commodity Futures Trading Regulatory Agency (Bappebti). Indonesia bans the use of cryptocurrencies as a means of payment, but allows investment in the assets. Such investment boomed during the pandemic, with data showing that as of June, 17.54 million people in the country had invested in the digital assets, more than the number of investors registered with the stock exchange. Rising global interest rates have, however, dampened demand for crypto assets in recent months.

Netflix users will no longer be able to share accounts or passwords with friends for free. Netflix will impose a total ban on account and password sharing in several countries such as India, Croatia, Indonesia, and Kenya, from July 20 onwards. The main objective of this move is to boost revenue growth.

streaming service Netflix said it has started cracking down on password sharing in India, along with other markets including Kenya, Indonesia and Croatia. Subscribers from only a single household would be able to access an account. This comes after Netflix in May, started rolling out a ban on password sharing worldwide.

Streaming giant Netflix announced on Wednesday that its crackdown on password sharing has been a huge success, resulting in an additional 5.9 billion subscribers. Netflix ended June with 238.4 million subscribers worldwide, and the company expects similar subscriber growth for the July-September period. The nearly 6 million subscriber jump is Netflix's best second-quarter performance since adding 10 million subscribers in 2020, under drastically different circumstances.

NEW DELHI : The Union steel ministry has started industry consultations to frame India’s first stainless steel policy, an official aware of the matter said. The policy will aim to raise domestic capacity by nearly fivefold by 2047, from the current 6.6 million tonnes (mt) to 30 mt. A key objective of the policy is to reduce dependence on China for nickel, silicon and chromium, which are used to make stainless steel.

Nathan Tinkler says his firm is planning to pay a legal costs order of $240,000 after the business his private company attempted to sue applied to have Tinkler Group wound up.