Indonesia Financial News

ByteDance, which owns short-video company TikTok, on Thursday said it will launch a new music streaming service in Brazil and Indonesia, as it tries to become a player in that market. The initiative is a new attempt by ByteDance, as the company in a statement said it will stop its existing music streaming service Resso as of Sept.

₹100/ kg in several cities. The key reason is crop damage in key growing states due to extreme weather from unusually hot conditions to incessant rains. Data from the Department of Consumer Affairs showed that retail prices shot up by 264% in Ahmedabad, 186% in Delhi, and 185% in Bengaluru during 1-27 June.

Directorate General of Trade Remedies (DGTR) has initiated a Safeguard duty (Quantitative Restrictions) investigation concerning imports of low ash metallurgical coke (Met Coke) into India. This probe has been triggered after complaints from BLA Private Limited, Jindal Coke Limited, Saurashtra Fuels Private Limited, Vedanta Malco Energy Limited, and Visa Coke Limited. According to a DGTR notice, the applicants have alleged that there has been a ‘sudden, sharp, significant, and recent’ increase in volume of low ash metallurgical coke imports in India.

rice prices, now at their highest in 11 years, are set to rally further after India moved to boost payments to farmers, just as El Nino threatens yields in key producers and alternative staples get costlier for poor Asians and Africans. India accounts for more than 40% of world rice exports, which were 56 million tonnes in 2022, but low inventories mean any cut in shipments will fuel food prices driven up by Russia's invasion of Ukraine last year and erratic weather. «India was the cheapest supplier of rice,» B.V.

Across the Indonesian archipelago, new industrial plants are going up to process chunks of nickel ore for use in electric-car batteries. Five years ago, there were none. What changed? Chinese companies had a breakthrough.

New Delhi: Godrej Consumer Products Limited (GCPL) reported double-digit volume growth in its India business in the June quarter with double-digit volume growth recorded in home care segment and higher than mid-single digit volume growth in personal care, the company said in its quarterly update on Wednesday. The update provides a summary of the company’s operating performance and demand trends during the quarter ended June 30, 2023. GCPL is yet to announce its 1Q FY24 financial results.

Billionaire Andrew Forrest is rewriting history in nickel-rich Western Australia, returning to the scene of his biggest career heartbreak as the owner of Mincor Resources.

Also Read: Samvardhana Motherson to buy 100% stake in France-based Cirma Entreprise for 7.2 million euros ‘’The company has entered into a partnership with Honda Motor under which it will form an 81:19 strategic partnership with the latter where both partners will drive the company towards a strong and sustainable future and be fully prepared for next-generation products and technologies, said SAMIL. The acquisition requires approval from authorities in China, Brazil, United States, as well as the Reserve Bank of India, said SAMIL in the exchange filing.

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Also Read: Decoding the dilemma behind escalating cooking oil imports But lower imports in May and the price correction encouraged Indian buyers to increase purchases in June, Sandeep Bajoria, CEO of Sunvin Group, a vegetable oil brokerage and consultancy firm told Reuters. Price-sensitive Asian buyers typically rely on palm oil because of the low cost and quick shipping times.

Business travel for Indonesians to Australia will be made easier in a bid to boost the economic partnership between the two countries following a deal struck between their leaders

State media have reported that Vietnam has banned distribution of the popular «Barbie» movie because it includes a view of a map showing disputed Chinese territorial claims in the South China Sea

The United Nations body that regulates the world’s ocean floor is preparing to resume negotiations that could open the international seabed for mining, including for materials vital for the green energy transition

palm oil imports jumped 49% from the previous month to their highest in three months as buyers took advantage of a dip in prices to their lowest in 28 months to increase purchases, six dealers told Reuters. A rebound in buying by the world's biggest vegetable oil importer would support Malaysian palm oil futures and help top producers Indonesia and Malaysia to trim inventories. Palm oil imports by India rose to 655,000 metric tons in June, up from 439,173 metric tons in May, according to average estimates from the dealers.

Indian equities since March this year. An analysis by Bank of Baroda shows that India has registered FII inflow (equity) of $1,220 crore for the quarter ended 30 June.  Countries such as South Korea, Taiwan and Indonesia have received far less inflows compared with India, and notably, the US and Thailand have seen foreign portfolio investors moving out of their respective countries, said the report.

Bhutan without any license for one more year till June 2024. Earlier, it was allowed till June 30 this year. «Import of potatoes...is allowed from Bhutan without any import license, up to June 30, 2024,» the directorate general of foreign trade (DGFT) said in a notification.

Bhutan without any license for one more year till June 2024. Earlier it was allowed till June 30 this year.

Electric car sales could jump 35% this year to 14 million vehicles, an expansion in markets led by China, Europe and the U.S. that could cut oil demand by at least 5 million barrels a day, according to the International Energy Administration (IEA).

«So naturally, people have now larger exposure, even in debt for the Indian economy. That is where basically they may want to have hedging instruments, like corporate bond index futures or even government bond futures,» says Ashish Chauhan, MD & CEO, NSE.For NSE it is like Diwali has come three months early right, it is that kind of a moment.In a way this was a long cherished dream to bring the markets on shore from where they had gone which is called offshoring and of course there were strategic reasons for a country to have pricing of its assets, especially important assets like markets and that is what the IFSC was created for to compete with the best and the brightest international services zone like Singapore or Dubai or Hong Kong.

Crypto exchange Gemini has announced plans to expand into the Asia-Pacific (APAC) region to capture the “next wave of growth for crypto.”

BEIJING — China can't easily rely on its neighbors as export markets in a global slowdown, the latest trade data show.