Business

According to comments made by Finance Minister Sri Mulyani Indrawati on Thursday, the Indonesian government has requested that state-owned energy company Pertamina restrict the amount of subsidized fuels it sells in order to avoid placing additional strain on energy subsidies. Indonesia has increased its energy subsidies for this year to a total of 502 trillion rupiah, which is equivalent to …

Johnson & Johnson announced on Thursday (August 11) that it will stop selling talc-based baby powder globally in 2023. This decision comes more than two years after the company stopped selling a product in the United States that was the subject of thousands of consumer safety lawsuits. “As part of a worldwide portfolio assessment, we have made the commercial decision …

After more than a year of discussions, media powerhouses ABS-CBN and TV5 have put their signatures on an investment transaction with multiple billions of pesos, which will effectively combine the content and resources of both organizations. On Thursday, August 11, ABS-CBN said in a statement to the Philippine Stock Exchange that it will be purchasing close to 6.5 million primary …

The crypto currency lending and borrowing platform Hodlnaut, which is based in Singapore, has ceased withdrawals, swaps, and deposits, the firm announced on Monday (August 8). This is the latest indicator of stress in the cryptocurrency market. The cryptocurrency lending company also said that it would withdraw its application for a license from the Monetary Authority of Singapore (MAS) to …

According to CNBC Indonesia, a top cabinet official said that the American automobile manufacturer Tesla has inked contracts with nickel processing companies in Indonesia to purchase components for their batteries. These contracts are valued approximately $5 billion USD. The nation with the most significant economy in Southeast Asia has been making efforts to get Tesla to establish a production plant …

A shareholder activism movement is growing in Taiwan, as evidenced by a case involving a shareholder dispute between an Apple supplier based in Taiwan and an international investor over the company’s multibillion-dollar cash pile. According to people familiar with the discussions, the Hong Kong-based investment firm Argyle Street Management is challenging Catcher Technology, which manufactures electronic casings for Apple devices …

The Reserve Bank of Australia (RBA) said on Tuesday that it will begin a research program investigating the case for a central bank digital currency (CBDC) in Australia. The program will run for one year and will focus on the possible economic benefits that a CBDC could offer. Within the context of the program, the Reserve Bank of Australia (RBA) …

On Friday, Chinese state media CCTV stated that the country has successfully launched a pilot reusable spacecraft using its Long March-2F carrier rocket. According to CCTV, the unidentified spacecraft that was launched from China’s Jiuquan Satellite Launch Center will return to a planned landing site after operating in orbit for some time in order to provide technical validations for reuses. …

The descendants of the last sultan of the isolated Philippine territory of Sulu are looking to enforce a US$15 billion arbitration judgement in a dispute over a colonial-era land sale. As a result, Malaysia is trying to secure its assets in the face of this threat. In 1878, two European colonists struck a pact with the sultan for the use …

The national shippers’ group stated on Tuesday that they anticipate an increase in exports of between 6% and 8% this year, which is an increase of between 5% and 8% higher than the previous forecast of a 5% to 8% increase. This is due to the weakening of the baht as well as an increase in demand from around the …