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JAKARTA -- Global oil majors such as ExxonMobil and BP are planning a series of carbon capture and storage projects in Indonesia, which aims to become the Southeast Asian hub for the emerging industry.
MANILA -- The Philippines, the world's top rice importer, is moving to cut tariffs on the staple food from 35% to 15% through 2028 to ease the country's inflation woes. But analysts worry the move could benefit foreign producers and leave Filipino farmers struggling to compete.
TOKYO -- A gaming company backed by Saudi Arabia's Public Investment Fund (PIF) is eager to forge stronger bonds with Japanese game developers, such as Nintendo and Capcom, to open up avenues for investment and game localization in the Middle East.
South Korean President Yoon Suk-yeol and the leaders of African countries agreed on Tuesday to forge deeper trade and business cooperation and launched a “critical minerals dialogue” aimed at sustainable development of the continent’s resources.
The resignations intensify existing doubts about Nusantara, which has been plagued with delays and insufficient investment. Analysts suggest the project, seen as “politically driven” with questionable economic viability, might have been rushed to secure Widodo’s legacy before his term ends.
Jakarta — The head and deputy head of the body overseeing Indonesia’s planned new capital have unexpectedly resigned, raising questions about the $32 billion project.
SEOUL, South Korea (AP) — South Korea’s government approved the suspension of a contentious military agreement with North Korea on Tuesday, a step that would allow it to take tougher responses to North Korean provocations.
SEOUL, South Korea (AP) — South Korea will expand development aid to Africa and pursue deeper cooperation with the region on critical minerals and technology, President Yoon Suk Yeol said Tuesday as he hosted a meeting with dozens of African leaders in Seoul.