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Indonesia's central bank delivered a surprise rate hike on Wednesday, stepping up efforts to support the rupiah currency which has fallen to four-year lows on rising risk aversion and a delay in the expected timing of any U.S. policy easing.
Analysts believe Prabowo is likely to form a grand coalition with minimal opposition, an outcome that would accelerate his legislative agenda, but potentially erode the country’s democracy due to a lack of checks on his power.
DOHA, Qatar (AP) -- South Korea will miss the men's soccer tournament at the Olympics for the first time since 1984 after losing a penalty shootout to Indonesia at the Under-23 Asian Cup quarterfinals on Thursday.
Some overseas attendees at Canton Fair said that despite the reports in the West of the threats caused by China’s overcapacity in the new energy sector, they cannot resist the temptation to see how cheap and affordable the Chinese products are.
Higher costs had the biggest impact on Asian businesses in 2023, even as they continued to grapple with a global economic slowdown and rising borrowing costs, according to a survey by UOB.
The US Congress just passed — and Biden signed — a major national security bill. The bill has four main provisions:
Given the likelihood of an extended heatwave this summer, the Indian government has ordered all gas-based power stations to be operational from May 1 to June 30. Power demand reached a record 243 gigawatts last September, and is forecast to hit 260GW this summer.
JAKARTA, Indonesia (AP) — Indonesia’s electoral commission formally declared Prabowo Subianto president-elect in a ceremony on Wednesday, after the country’s highest court rejected challenges to his landslide victory lodged by two losing presidential candidates.
JAKARTA — Indonesian president-elect Prabowo Subianto on April 23 vowed to fight for all Indonesians and called for unity among political elites to take the country forward, as he seeks to strengthen his parliamentary clout ahead of taking office in October.