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Jakarta (ANTARA) - An official from the Financial Services Authority (OJK) stated that the OJK remains committed to supporting micro, small, and medium enterprises (MSMEs) to improve the community's economy, primarily by enhancing business knowledge. "Supporting the community's economy is crucial, as MSMEs contribute significantly to Indonesia's economy," said Frederica Widyasari Dewi, the OJK's Chief...
Jakarta (ANTARA) - Governor of Bank Indonesia (BI), Perry Warjiyo, emphasized on Tuesday the need for Indonesia to remain optimistic about domestic economic growth while staying vigilant due to uncertain global conditions. "Indonesia will continue to be one of the best-performing economies in the world this year and beyond," he said. "However, we still have...
Jakarta (ANTARA) - Indonesian President Joko Widodo (Jokowi) met with New Zealand Prime Minister Christopher Luxon to discuss increasing trade and Pacific cooperation in their meeting on the sidelines of the ASEAN-Australia Special Summit, in Melbourne, Australia, on Tuesday. Based on a press release from his office on Tuesday, Jokowi congratulated PM Luxon on his...
Jakarta (ANTARA) - The Financial Services Authority (OJK) is preparing an OJK Regulation (POJK) to regulate financing companies, OJK's supervision executive of financing institutions, venture capital companies, microfinance institutions, and other financial service institutions, Agusman, said. The POJK is a derivative of Law No. 4 of 2023 on the Development and Strengthening of the Financial...
(Reuters) - Anheuser-Busch Inbev and the Teamsters union said on Wednesday they have reached a 5-year tentative agreement that would avert a strike at the world\'s largest brewer\'s U.S. facilities. Union members will receive wage increases of $8/hour, including an immediate $4/hour raise in the first year, along with a $2,500 ratification bonus for all...
-- Most Asian stocks moved in a flat-to-low range on Thursday in anticipation of more cues on U.S. interest rates from key inflation data, while Chinese markets rebounded from heavy losses in the prior session. Regional markets tracked a middling overnight session on Wall Street, while U.S. stock futures fell in Asian trade as several...
SINGAPORE (Reuters) - Frenetic activity in bitcoin put it on course for its biggest monthly gain in more than three years on Thursday and it is within range of a record high as cash rushing to listed bitcoin funds propels a sweeping rally. The largest cryptocurrency by market capitalisation was steady in Asia morning trade...
-- Hong Kong shares of Chinese search engine giant Baidu Inc (NASDAQ:BIDU) fell on Thursday as an increase in its quarterly revenue was largely overshadowed by higher AI-related expenses and a sharp drop in its profit. Baidu’s Hong Kong shares (HK:9888) fell 6.6% to a two-week low of HK$99.60. The firm’s American Depository Receipts (ADR)...
-- Alibaba Group\'s (NYSE:BABA) Hong Kong shares fell on Thursday after the firm’s cloud unit slashed prices across most of its products, citing plans to increase access to artificial intelligence development in China. Alibaba’s Hong Kong shares (HK:9988) fell 2.3% to HK$72.55, lagging 0.1% decline in the broader Hang Seng index. The firm’s cloud unit...