Mining giant BHP signals shift away from coal as profits dip

Mining giant BHP said profits fell four percent in the year ending in June, as the Anglo-Australian firm signaled a transition away from the...

S. Korean farmers bartering sugar for N. Korean booze to bypass sanctions

A South Korean farmers' cooperative said on Thursday it has clinched a $150 million deal to barter sugar for North Korean liquor and food...

August last month of equity buying spree as US election looms: Market analyst

Investors should gear up for upcoming market uncertainty nearing the United States presidential election, an equity analyst has said, suggesting that August would be...

Trump reimposes 10% tariff on Canadian aluminum

President Donald Trump on Thursday announced he had ordered a 10 percent tariff on Canadian aluminum be reimposed, saying America's key trading partner was...

US proposes tougher Wall Street rules for China firms

United States officials on Thursday proposed toughening rules for Chinese companies listed on American stock exchanges as recent scandals have prompted concerns about the...

US central bank unveils alternative to Facebook’s Libra

Noting security concerns posed by Facebook's digital currency Libra, the Federal Reserve on Thursday revealed details of its own instant payments system. FedNow will provide households...

Indonesia second most confident in Southeast Asia about reopening tourism, study finds

Indonesia is the second most confident nation in Southeast Asia about reopening its tourism sector with 71 percent of Indonesians saying their country is...

Facebook, TikTok among digital companies required to collect VAT in Indonesia

The tax office announced on Friday a list of 10 foreign digital companies that will be required to collect a 10 percent value added...

3 ways to promote social skills in homebound kids

With the severity of the COVID-19 pandemic getting worse in most of the country, a growing number of school districts from to ...

Indonesia must control virus spread to hasten recovery: Economists

Indonesia must focus on controlling the spread of the coronavirus to speed up the economic recovery, economists have said, arguing that the current healthcare...

Cadillac unveils its first all-electric vehicle

Luxury automaker Cadillac on Thursday unveiled its first all-electric vehicle, hoping to gain an edge in the segment currently dominated by Tesla. The Lyriq won't...

President mulls creation of tourism, aviation holding firm, designation of international hub airports

President Joko “Jokowi” Widodo announced on Thursday that he is considering forming a holding company for aviation and tourism state-owned enterprises (SOEs), as well...

Govt mulling merger of state-owned Islamic banks to unify power, VP says

Vice President Ma'ruf Amin has said the government is mulling merging several state-owned Islamic banks – banks that offer services that are sharia-compliant –...

Indonesia’s forex reserves hit all-time high in July from global bonds, govt loans

Indonesia’s foreign exchange (forex) reserves increased to US$135.1 billion in July, the highest level ever, following the government’s move to issue global bonds, Bank...

Indonesia allocates $684m to lend to regions to boost economy, step up spending

The government is allocating Rp 10 trillion (US$684.72 million) this year to provide loans for regional administrations, while taking measures to step up government...

Preemployment card program resumes, prioritizing pandemic-hit workers

The government will resume the preemployment card program on Saturday and prioritize people affected by the COVID-19 pandemic after the program had been briefly...

Government guarantees $6.9b in working capital loans for labor-intensive businesses

The government has guaranteed working capital loans worth Rp 100 trillion (US$6.92 billion) for labor-intensive businesses to speed up business recovery and help businesses...

Aston Martin losses grow as sales tumble at James Bond’s carmaker

Carmaker Aston Martin, which has changed its boss and brought in a billionaire investor this year, posted a deeper first-half loss of 227 million...

BTPN sees net profit contract by 9% in H1

Publicly listed Bank BTPN recorded a contraction in its net profit in this year’s first six months as interest income decreased while bad loans...

Indonesia raises $1.5b from government bonds to fund fiscal deficit

Indonesia has raised Rp 22 trillion (US$1.51 billion) from government bonds issuances as of Tuesday as it moves to fund the fiscal deficit and...

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