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The Turkish lira sank to a fresh record low of 7.24 to the dollar in early Asia Pacific trade, as investor worries over the state of the economy and deteriorating ties with the United States continued to drag down the currency. By 1903 GMT on Sunday – early Monday morning in the Asia Pacific – […]

China’s top newspaper rebutted growing criticism in government circles that Beijing should have taken a lower profile to head off its trade war with the United States, saying on Friday that, like an elephant, China cannot hide its size and strength. he growing trade conflict is causing rifts within China’s Communist Party, with some critics […]

President Joko “Jokowi” Widodo announced his running mate for Indonesian 2019 election. He picks nonpolitical party figure Ma’ruf Amin. Ma’ruf has been a lawmaker, councilor, presidential advisory council member, supreme leader of Nahdlatul Ulama central board, and chairman of the MUI (Indonesian Ulema Council). As MUI chairman, Ma’ruf supported controversial regulations, including the Pornography Law […]

The Gerindra, PKS and PAN parties officially signed Prabowo’s candidacy as presidential and Sandi candidate as vice president in the 2019 Indonesian presidential election. This decision indicates that the coalition contains only three parties. Demokrat Party which had been in this coalition has not yet determined its position. Prabowo Subianto said Sandiaga Salahuddin Uno was […]

The rupiah exchange rate was opened at the position of Rp14,432 per US dollar (US) in today’s spot market trading, Thursday (9/8). This position strengthened from the close on Wednesday (8/8) which was at the level of Rp14,439 per US dollar. In line with the rupiah, the majority of currencies in the Asian region also […]

China’s factory price inflation cooled in July but not as much as expected, amid a wider slowdown in economic growth as Beijing remains locked in a heated trade dispute with Washington. However, consumer inflation picked up from the previous month, largely due to a rise in non-food prices, official data showed on Thursday. The July […]

Industry Minister Airlangga Hartarto said the manufacturing industry grew 4.41 percent year-on-year (yoy) in the second quarter of 2018, higher than 3.93 percent growth in the corresponding period, last year. He said the manufacturing sector contributed 19.33 percent to the country’s gross domestic product (GDP), the largest contributor to the economic expansion. “The manufacturing sector […]

OCBC Bank is pursuing the idea of a “digital bank” in Indonesia, said its chief executive officer Samuel Tsien yesterday at its results briefing, as Singapore’s second-largest bank looks to join its peers in launching banking for mobile-savvy customers in this region. The bank said it was unable to share more details at this early […]

Indonesia hosted the ASEAN Car Free Day (CFD) in Jakarta on Sunday, which coincided with a performance of the poco-poco dance by some 65,000 people in an attempt to set a Guinness World Record for the largest line dance (multiple venues). The ASEAN CFD is a Health Ministry effort at the regional level to promote […]