Indonesia
Southeast Asia expands pumped hydro to boost energy storage
As Southeast Asia rapidly transitions toward renewable energy, countries across the region are investing heavily in pumped hydro energy storage (PHES) to enhance grid stability and support sustainable growth
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Eruption at Mount Lewotobi Laki-laki in Indonesia kills 10
A powerful eruption from Mount Lewotobi Laki-laki on Indonesia’s Flores Island has claimed at least 10 lives, authorities confirmed on November 4
Indonesian analysts favour Kamala Harris’s economic policies as the US votes
As the US presidential election takes place, Indonesian analysts are expressing a preference for Kamala Harris over Donald Trump, citing her economic approach as more supportive of global market stability, particularly benefiting emerging markets
Indonesia's potential BRICS membership could strengthen global south influence
Under Russia's leadership, the BRICS+ alliance has attracted over 30 countries worldwide, drawn by its potential to enhance geopolitical standing and expand economic influence, particularly in non-Western markets
From coal to clean: The green energy transition in SE Asia
As the world grapples with the urgent challenges posed by climate change, the shift to clean energy is no longer a luxury-it is a necessity. Southeast Asia, with its vibrant cultures and rapidly growing economies, is stepping up to this challenge.
ThaiBev sets THB18bn for expansion, targets Southeast Asia growth
Thai Beverage (ThaiBev), the Singapore-listed food and beverage company, announced plans to allocate THB18bn this fiscal year for both domestic and international expansion
COMMENT: From Globalisation to “slowbalisation” as FDIs decline on trade and geopolitical woes
Global flows of foreign direct investment have trended downwards, both in absolute terms and as a share of world GDP, driven by multiple factors including changes in industrial organisation, increasing barriers to trade and investment.
US government commits to supporting Indonesia's digital economy growth
The United States has expressed a strong commitment to assisting Indonesia in advancing its digitization efforts
Rising gold ETF inflows set to drive global bullion prices
Inflows into gold exchange-traded funds (ETFs), particularly from Western investors, are expected to increase in the coming months, adding more upward momentum to already record-high bullion prices, analysts have said
Asia's rice markets to see a shakeup in 2025, with Thai exports predicted to slump
Thailand's rice exports are expected to fall below 8mn metric tonnes next year due to a stronger baht and increasing competition from India
Sinar Mas and Korean firm partner to develop $300mn data centre
SMPlus Digital Investama, controlled by Indonesia's Widjaja family and partnered with Korea Investment Real Asset Management, is set to develop a $300mn data centre in Jakarta's business district, supported by tycoon Kim Nam-goo
Singapore-based Aslan Energy Capital and PT Calypte Sugi Power partner to develop solar power hub in Indonesia
Aslan Energy Capital, based in Singapore, and Indonesia's PT Calypte Sugi Power have signed an MoU to collaborate on developing a power generation hub on Sugi Island in Indonesia's Riau Islands Province
Indonesia enforces integrity pact on digital firms to curb online gambling
Indonesia has mandated that 18,232 private electronic system providers, including tech giants like Google, Meta, TikTok, and X, commit to an integrity pact aimed at tackling online gambling.
Indonesia poised to become a key player in the semiconductor industry
Indonesia is on track to emerge as a significant player in the global semiconductor industry
Indonesian Meteorology, Climatology, and Geophysics agency predicts La Nina impact in Indonesia, affecting mining sector
The Meteorology, Climatology, and Geophysics Agency (BMKG) has forecast the arrival of La Nina in Indonesia for August 2024