By Stefanno Sulaiman JAKARTA (Reuters) -The Indonesian government plans to subsidise some of the interest on loans held by smaller real estate developers in an effort to encourage them to build or renovate properties, the finance ministry said in a new decree. It was not clear when the government made the document available to the …
Indonesia to subsidise loan interest for small-scale developers, homeowners Read More »
JAKARTA (Reuters) -Indonesia will keep its excise tax rates on tobacco products unchanged next year, after considering the impact such taxes have on employment in the tobacco industry, Finance minister Purbaya Yudhi Sadewa told a press conference on Friday. “We decided not to increase excise tax rates for tobacco products next year, but we will …
Indonesia tobacco excise tax to stay unchanged in 2026 Read More »
By Yuka Obayashi TOKYO (Reuters) -Japan’s JX Advanced Metals said on Friday it would invest 7 billion yen ($47 million) to boost pre-treatment capacity as it aims to increase the processing of recycled raw materials in its metals and recycling business. Amid declining profitability in copper concentrate smelting, the company is considering scale-down options and …
Japan’s JX Advanced Metals to lift processing capacity of recycled materials Read More »
KUALA LUMPUR (Reuters) -Malaysia has asked the United States to consider imposing zero tariff rates on its exports of furniture, automotive and aerospace products, a Malaysian trade ministry official said on Friday. Washington has also agreed to consider granting tariff exemptions to Malaysia for commodities not produced in the United States, including cocoa and palm oil, …
Malaysia asks U.S. for zero tariff rate on furniture, automotive and aerospace parts Read More »
By Stefanno Sulaiman JAKARTA (Reuters) -Indonesia’s Finance Minister Purbaya Yudhi Sadewa on Friday said he did not order state banks to raise their U.S. dollar deposit rate to 4%, and that the government was still considering what incentives to offer to bolster the domestic U.S. dollar supply. Four Indonesian state lenders earlier this week announced …
By Naomi Rovnick LONDON (Reuters) -An investor out of the United States and into Europe and Asia has reversed course as big money managers ride a wave of AI and interest rate-cut euphoria into the year-end, ditching the “rest-of-the world” trade for now. Global fund managers had offloaded U.S. stocks at a record pace after …
Analysis-Global investors, blindsided by stunning US comeback, jump back in Read More »
ISLAMABAD (Reuters) -Pakistan’s Prime Minister Shehbaz Sharif invited American companies to invest in the country during a meeting with U.S. President Donald Trump at the White House that also focused on how to end to the war in Gaza, his office said on Friday. Sharif, along with army chief Field Marshal Asim Munir, met Trump on …
Sharif calls for American investment in Pakistan in Trump meet Read More »
By Chen Aizhu SINGAPORE (Reuters) -Asian trading firm Cathay Petroleum has agreed an annual deal marketing Brazilian crude oil in the Asia-Pacific region for independent producer Prio, a trading executive with direct knowledge of the deal said. The deal to market 110,000 barrels per day of oil for Rio de Janeiro-based Prio marks an expansion …
Trader Cathay Petroleum in marketing deal with Brazil’s Prio, source says Read More »
By Leika Kihara and Takahiko Wada TOKYO (Reuters) -The Bank of Japan will probably raise its benchmark interest rate at least four more times to 1.5% before Governor Kazuo Ueda’s term ends in early 2028, former central bank board member Makoto Sakurai told Reuters. Sakurai, who retains close contact with incumbent policymakers, forecast another hike …
BOJ likely to hike rates to 1.5% under Ueda, former board member predicts Read More »
JAKARTA (Reuters) -Indonesia’s government has reached an agreement with Freeport Indonesia to halt operations at the Grasberg mine to give priority to the search for trapped workers, the country’s mining minister said on Friday. A large mud flow earlier this month trapped seven workers at the Grasberg Block Cave underground mine. Two of the workers …
Mining at Freeport halted to search for trapped miners, Indonesia mining minister says Read More »
