Indonesia
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
Indonesia kicks into gear on early detection efforts to prevent Mpox outbreak
The Indonesian Health Ministry has designated 12 state laboratories across the country to enhance early detection of Mpox, in a bid to prevent any potential outbreak, according to an official statement on August 18
Bank Indonesia projected to cut benchmark interest rate by 50 basis points by end of 2024
Bank Indonesia is expected to reduce its benchmark interest rate, or BI-rate, twice by a total of 50 basis points by the end of 2024
Crocodile attack suspected after human remains found in Sanga-Sanga river, Indonesia
Human remains, including a head and a right leg, found in a tributary of the Sanga-sanga River, are believed to be those of a victim of a crocodile attack reported missing earlier in the week
The West is bleeding the Global South of wealth thanks to massive wage inequality, says study
The developed markets of the West are bleeding the Global South of wealth thanks to massive differences in nominal wages, according to a new study published in Nature Communications.
Global solar panel glut caused by Chinese overproduction
There is an overproduction of solar panels worldwide, with production capacity exceeding demand by 2 TW. This surplus has led to falling prices.
Sea levels rise 10 cm since 1993 as ice caps melt
Sea levels are now 10 cm higher than in 1993, and the rise is accelerating, according to new high-resolution satellite measurements by NASA.
Lavrov presses the flesh at ASEAN summit as Kremlin seeks to deepen ties with Asia
Russian Foreign Minister Sergei Lavrov was pressing the flesh and having his picture taken with the leaders of Southeast Asia at the annual ASEAN summit as the Kremlin seeks to bolster friendly relations with the leading Asian countries.
Plants absorbing less carbon dioxide in 2023, accelerating global warming
Plants and trees' ability to absorb carbon dioxide fell dramatically in 2023, due to increased heat stress in vegetation, a new study revealed.
How energy intensive are data centers?
While countries like China and the United States had the highest electricity demand by a considerable margin, a new player that rivals the consumption of some of the biggest economies and is bolstered by the ongoing AI hype and data center use.