Tag: Indonesia
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Cocoa farmers face mounting challenges as El Nino rages on
A woman spreads cocoa beans during the sun-drying process in the backyard of her house in Asikasu, Ghana on December 19, 2020. Cristina Aldehuela | Afp | Getty Images El Nino is here to stay — and that’s bad news for cocoa crops which are highly sensitive to weather changes. Frequent extreme weather events caused…
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Cities are fighting back against overtourism: Venice, Amsterdam, Bali
From overtourism to no tourism — and back again. Many cities have come full circle to worrying about too many tourists rather than too few. The rise of budget airlines, short-term home rentals and cruise ships are part of the problem, said Lionel Saul, a research assistant and visiting lecturer at EHL Hospitality Business…
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Indonesia launches China-backed ‘Whoosh’ high-speed railway
The Jakarta-Bandung high-speed train named ‘Whoosh’ is seen after the inauguration at Padalarang station in Padalarang, West Java on October 2, 2023. Bay Ismoyo | Afp | Getty Images Indonesian President Joko Widodo on Monday inaugurated a $7.3 billion high-speed railway connecting the country’s capital with the city of Bandung, a China-backed project that has…
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Indonesia could be the ‘gateway’ to EV investments in ASEAN
Korean automobile manufacturer Kia displays the electric vehicle “EV6 GT-Line” during the 30th Gaikindo Indonesia International Auto Show in Tangerang on August 10, 2023. Yasuyoshi Chiba | Afp | Getty Images Indonesia’s EV-friendly policies have lured global investors to the country, but experts say they could also boost investments in Southeast Asia’s automotive industry more…
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Oil prices fall ahead of more central bank steers on interest rates
This aerial photo shows the Enping 15-1 oil platform 200 km southwest of Shenzhen, south China, May 31, 2023. Mao Siqian | Xinhua News Agency | Getty Images Oil prices fell in early Asian trade on Thursday after falling by the most in a month in the previous session on U.S. interest rate hike expectations, and…
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5 things to know before the stock market opens Tuesday, September 5
Here are the most important news items that investors need to start their trading day: 1. Stocks slip Stock futures were slightly lower Tuesday to start the trading week. Futures tied to the Dow Jones Industrial Average were down 8 points, or less than 0.1%. S&P 500 futures slid 0.1%, while Nasdaq 100 futures fell 0.3%. Those moves come after…
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Myanmar won’t be allowed to lead ASEAN in 2026, in blow to generals
Philippine’s President Ferdinand Marcos, Singapore’s Prime Minister Lee Hsien Loong, Thailand’s Permanent Secretary of the Ministry of Foreign Affairs Sarun Charoensuwan, Vietnam’s Prime Minister Pham Minh Chinh, Indonesia’s President Joko Widodo, Laos’ Prime Minister Sonexay Siphandone, Brunei’s Sultan Hassanal Bolkiah, Cambodia’s Prime Minister Hun Manet, Malaysia’s Prime Minister Anwar Ibrahim and East Timor’s Prime Minister…
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Indonesia’s China-backed high-speed train sparks concerns of debt trap
Indonesia is starting trial runs for its first high-speed train, which will connect the capital Jakarta to a neighboring city of Bandung, after years of delays and cost overruns plagued the project. Bloomberg | Bloomberg | Getty Images A $7.3 billion high-speed electric rail line between Indonesia’s two biggest cities is set to be launched…
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Asia food inflation fears rise as rice prices surge
An undated stock photo of a market stall with piles of many varieties of Vietnamese rice in Ho Chi Minh city grocery. Vietnam is one of the largest exporters of quality rice, Asia’s most important staple food. Bicho_raro | Istock | Getty Images A perfect storm may be brewing in Asia. Rice prices surged to…
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ASEAN moves closer to economic unity with new regional payments system
Indonesian President Joko Widodo makes a speech during the Association of Southeast Asian Nations (ASEAN) Foreign Minister’s Meeting in Jakarta, Indonesia on July 14, 2023. Murat Gok | Anadolu Agency | Getty Images A new regional cross-border payment system recently implemented by Southeast Asian nations could deepen financial integration among participants, bringing the ASEAN bloc…