Page 12 - Indonesia

Emerging Asian bond investors turn cautious as rate cut wagers disappears

Market sentiment is starting to shift as rising commodity prices keep the policymakers from letting their guard down on inflation

G20 Health Ministers meeting to start from August 17 in Gandhinagar

Delegates from 19 member countries, 10 invited states, and 22 international organisations will be participating in the meeting in Gujarat

Prosus to sell part of PayU to Rapyd for $610 mn, retain India business

Prosus-backed PayU to focus on the large payments and fintech in India

Indonesian Prez Widodo arrives in China, plans talks with Chinese leader Xi

Indonesian President Joko Widodo arrived Thursday in China and planned to meet with Chinese leader Xi Jinping, a state news agency reported. Widodo was due to attend the opening of the FISU World University Games in Chengdu in southwestern China, the Xinhua News Agency said. It said the two leaders would meet but gave no details of what they might discuss. Indonesia is, along with China, a member of the Group of 20 major developed and emerging economies. Indonesia wants a bigger role as a supplier of nickel and other raw materials to China's fast-growing electric car brands.

Indonesian ferry tragedy: 15 dead, 19 missing in Sulawesi capsizing

An overloaded ferry capsizes off Sulawesi island, claiming lives and leaving people missing

Jaishankar meets Russian counterpart in Indonesia, discusses Ukraine

External Affairs Minister S Jaishankar on Thursday met his Russian counterpart Sergey Lavrov here and discussed bilateral economic issues and matters related to the Ukraine conflict. Jaishankar met Lavrov on the sidelines of the ASEAN-India Ministerial in the Indonesian capital, their second bilateral meeting in just over a month. "Met with Foreign Minister Sergey Lavrov of Russia in Jakarta today. Discussed bilateral economic issues, as also matters pertaining to the Ukraine conflict," Jaishankar tweeted. The two sides discussed the Ukraine conflict on a day when Prime Minister Narendra Modi voiced India's deep concern about the impact of the Russia-Ukraine war, especially on the countries of the Global South, asserting that the conflict must end. In an interview with the French newspaper Les Echos ahead of his official visit to France, Modi said India has always stood for peaceful resolution of differences through dialogue and diplomacy. On the Russia-Ukraine conflict, the prime

Rupee vs rupiah: In high-yield battle, Indian assets may beat Indonesia's

The highest bond yields among major Asian nations and a less volatile currency thanks to the central bank's intervention are burnishing the appeal of rupee assets

Indonesia Open: Chinese shuttlers bag 2 golds; Axelsen wins men's single

Chinese shuttlers clinched titles in both women's singles and mixed doubles at the Indonesia Open badminton tournament here on Sunday.

Indonesia's Merapi volcano erupts, releasing lava 24 times in a day

Indonesia's Merapi volcano erupted, releasing lava 24 times to the southwest throughout the day, said the Centre for Volcanology and Geological Hazard Mitigation (PVMBG)

African swine fever outbreak in Indonesia killed 35,297 pigs, WOAH confirms

African Swine Fever is a contagious disease outbreak in Indonesia that is killing 35,297 pigs so far. The vaccine for ASF has not been developed yet.

IndiGo plane diverted to Indonesia after crew reports fuel smell mid-air

Singapore-bound IndiGo flight was diverted to Indonesia after crew reported rubber and fuel smell in the cabin, according to the Directorate General of Civil Aviation.

G20 health agenda: An opportunity for India to shape action in health care

India's assumption of the presidency of the G20 in 2023, forming the G20 troika with Indonesia and Brazil, marks the first time that the troika has been constituted solely by members from LMICs

9 still missing, 11 people dead after speedboat sinks in west Indonesia

A speedboat carrying at least 78 people sank in western Indonesia, and rescuers were searching for nine people still missing in the rough seas early Friday. Rescuers have retrieved 11 bodies, mostly women and children, and rescued 58 people so far, many of them unconscious after drifting in choppy waters for hours, said Nyoman Sidhakarya, the Pekanbaru Search and Rescue Agency chief. Local television footage showed people standing on an overturned boat trying to reach a fishing boat packed with survivors. The Evelyn Calista 01 was carrying 72 passengers, mostly people returning from visits to their hometowns to celebrate Eid al-Fitr holiday with families, and six crew members, Sidhakarya said. The boat sank Thursday afternoon about three hours after leaving a port in Tembilahan, a town in the Indragiri Hilir Regency in Riau province. It was bound for Tanjung Pinang city in a neighbouring province in the Riau Islands chain, a 200-kilometer (124-mile) trip. The cause of the sinking

LIVE: Akali Dal patriarch Parkash Singh Badal passes away at 95

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7.1 earthquake damages hospital, sends Indonesians racing to highland

A strong undersea earthquake early Tuesday sent streams of people fleeing to higher ground in eastern Indonesia before the tsunami danger passed. Footage released by the National Disaster Mitigation Agency showed streams of people in a village on Mentawai Island fled to the highlands by foot and motorcycles under the rain in darkness, while some patients at the village's hospital were evacuated to its yard as cracks showed in the facility's floor. The shocks were felt in districts and cities of West Sumatra and North Sumatra provinces, and some places ordered evacuations to higher ground. Residents in parts of West Sumatra province, including the provincial capital of Padang, felt the earthquake strongly for about 30 seconds, agency spokesperson Abdul Muhari said. Many residents in several villages on Mentawai island chose to stay displaced in higher ground although the tsunami alert was ended due to fears of aftershocks, he said, adding that authorities were still collecting ...

6.4-magnitude quake hits Indonesia's Southeast Sulawesi, no risk of tsunami

The quake hit at 15.23 p.m. Jakarta time (0823 GMT) with its epicentre situated at 227 km northeast of the Wakatobi Regency and a depth of 32 km under the sea

Natco Pharma to set up subsidiary in Indonesia with investment of $3 mn

Natco Pharma Ltd on Thursday said its board has approved setting up of a subsidiary in Indonesia with an investment of up to USD 3 million (nearly Rs 25 crore) for selling pharmaceutical products in that country. The new subsidiary -- PT. NATCO Lotus Farma -- will be a joint venture with Natco holding 51 per cent and the balance stake 49 per cent by PT. Mitra Medis Exim (MME), a part of Mitra Jaya Group, which is a 40 year old multi-diversified group, as the co-promoter, the company said in a regulatory filing. The company's board approved the proposal at its meeting held on Thursday. Natco will initially invest USD 1 million for a stake of 51 per cent as capital contribution and balance will be invested as and when the funds are required by the subsidiary, it added. PT. NATCO Lotus Farma will be engaged in selling pharmaceutical products in Indonesia, it added. MME is in the business of distribution for active pharmaceutical ingredients and excipients for end-users in Indonesia.

LIVE updates: Case against Oxfam India for foreign funding violations

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Earthquake of magnitude 7.0 hits Tuban region of Indonesia

An earthquake with a magnitude of 7.0 jolted 96 km north of Tuban, Indonesia at on Friday, the US Geological Survey said

'Declare Bay of Bengal as Zone of Peace to keep geopolitical issues aside'

The Bay of Bengal has witnessed numerous non-traditional security threats, such as human trafficking, narcotics trade, tsunamis and cyclones. However, thus far, it was never a geopolitical hotspots