Indonesia has opened its first bullion bank at a time when world gold prices are hitting a record high of nearly $3,000 per ounce, as geopolitical tension pushes demand for safe haven assets.
ANGLO American’s sale of its Brazilian nickel business to China’s MMG Ltd is a corporate win-win. Anglo gets to deliver on its promise to shareholders to simplify its portfolio and pockets up to US$500mil.
Indonesia is making its move on the international stage by staging major multilateral naval drills.
More than 75% of the nickel refining capacity in Indonesia, home to the biggest reserves of this critical mineral, is controlled by Chinese companies, many with affiliations to the Chinese government,
One of the biggest nickel smelters in Indonesia has slashed production and is close to shutting down completely, just months after the collapse of its Chinese parent company.
Indonesia has a strong diplomatic foundation to mitigate any global challenges posed by tensions between China and the United States, according to former
This trend not only strains China-Indonesia relations but also fuels local anti-China sentiment, highlighting the urgent need for stronger enforcement and bilateral cooperation to address transnational crime.
Indonesia launched a sovereign fund, which is expected to boost growth of Southeast Asia's biggest economy, on Feb 24.
Unlike in previous years, Indonesia's largest automotive exhibition took on a different tone this year with the arrival of high-end Chinese car brands, including electric vehicles (EVs), on the showroom floor. This highlights the growing presence of Chinese automakers in Southeast Asia's largest economy.
Built by young local developers, the AI model will be cost-effective, Luhut noted, since DeepSeek was open source.
Asian equities ended the week mixed, led higher by Hong Kong, especially Hong Kong-listed growth stocks, while Taiwan underperformed.