Tag: business news
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Philippines surpasses China to be most dependent on coal-generated power
Coal-fired power plants in Mariveles, Bataan, the Philippines, on June 6, 2023. Bloomberg | Bloomberg | Getty Images The Philippines’ dependency on coal-fired power surged 62% last year, overtaking China, Indonesia and Poland, according to London-based energy think-tank Ember. The Philippines was also the most coal-dependent country in Southeast Asia in 2023, as adoption of…
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Apple will ‘look at’ manufacturing in Indonesia: Tim Cook
Apple CEO Tim Cook gestures as he arrives for a meeting with Indonesia’s President Joko Widodo at the Merdeka Palace in Jakarta on April 17, 2024. Bay Ismoyo | AFP | Getty Images Apple CEO Tim Cook said the company will “look at” manufacturing in Indonesia, following a meeting with the country’s President Joko Widodo,…
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Nvidia to build a $200 million AI center in Indonesia amid Southeast Asia push
The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California, on Feb. 11, 2015. Robert Galbraith | Reuters Nvidia is planning to build a $200 million artificial intelligence center in Indonesia in partnership with local telco giant Indosat Ooredoo Hutchison, as the U.S. tech darling continues its push into Southeast…
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U.S. consumer sentiment stays steady
Shoppers are seen at Whole Foods Market on October 14, 2022, in Atlanta, Georgia. Elijah Nouvelage | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you…
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Shareholder payouts hit a record $1.7 trillion last year as bank profits surged
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2024. Brendan Mcdermid | Reuters LONDON — Global dividend payouts to shareholders hit a record $1.66 trillion in 2023, according to a new report by British asset manager Janus Henderson. The Global Dividend Index report, published…
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What is civet coffee? PETA issues a new warning to Bali tourists
If the idea of drinking civet cat coffee, which is made from feces from the Asian palm civet, is a turn-off, there may be yet another reason to rethink the drink. This week, People for the Ethical Treatment of Animals (PETA) issued a warning aimed at tourists in Bali after an investigator showed undercover footage…
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Indonesians are electing Jokowi’s successor
Presidential candidate and former Jakarta governor Anies Baswedan, vice presidential candidate Muhaimin Iskandar, presidential candidate and Indonesia’s Defence Minister Prabowo Subianto, vice presidential candidate Gibran Rakabuming Raka, presidential candidate and former Central Java governor Ganjar Pranowo and vice presidential candidate Mahfud MD (from left to right) react on the stage during the last presidential election…
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Prabowo leads in unofficial presidential vote count
Indonesia’s presidential candidate Prabowo Subianto gestures after he cast his ballot to vote in the country’s presidential and legislative elections at a polling station in Bogor on February 14, 2024. Indonesians began voting for a new president on February 14 with Defence Minister Prabowo Subianto the frontrunner to lead Southeast Asia’s biggest economy despite concerns…