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1 week ago | 
bloomberg.com | Chandra G. Asmara |Prima Wirayani
Prabowo Subianto and Li Qiang in Jakarta on May 25. (Bloomberg) -- China and Indonesia agreed to step up ties between their economies during Premier Li Qiang’s visit to Jakarta, including one on investment involving their sovereign wealth funds. Both their central banks signed a MOU on a framework for bilateral transactions in local currencies during a ceremony witnessed by Li and President Prabowo Subianto on Sunday.
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1 week ago | 
flipboard.com | Chandra G. Asmara |Prima Wirayani
Funding terror: how west Africa’s deadly jihadists get the money they need to surviveThe west Africa–Sahel region has seen a proliferation of militant Islamist groups since the 1990s. One of the most vicious groups operating in the …
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1 month ago | 
bloomberg.com | Prima Wirayani |Jaehyun Eom
(Bloomberg) -- The South Korean won rose on Wednesday as it caught up with gains in regional currency peers after the local market was shut for a holiday earlier this week. The won strengthened as much as 1.4% to 1,381.95 against the dollar in early trading, the highest since November 2024. The advances are in line with moves seen in Asian peers this week as traders dumped dollars amid hopes of a thaw in global trade tensions.
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1 month ago | 
news.bloombergtax.com | Prima Wirayani |Kerim Karakaya
Emerging market stocks gained for a third day, the longest winning streak in nearly a month, as an exemption of US tariff on a range of electronic products aided sentiment. A gauge of emerging stocks rose as much as 1.4% as tech shares climbed in Asia trade. The MSCI index for developing world currencies also advanced 0.6%, led by gains in the South African rand, Eastern Europe currencies and the Mexican peso.
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1 month ago | 
news.bloomberglaw.com | Prima Wirayani |Kerim Karakaya
Emerging market stocks gained for a third day, the longest winning streak in nearly a month, as an exemption of US tariff on a range of electronic products aided sentiment. A gauge of emerging stocks rose as much as 1.4% as tech shares climbed in Asia trade. The MSCI index for developing world currencies also advanced 0.6%, led by gains in the South African rand, Eastern Europe currencies and the Mexican peso.
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1 month ago | 
bloomberg.com | Prima Wirayani |Matthew Burgess
The currency dropped 0.5% to 16,957 per dollar during intraday trading on Wednesday. (Bloomberg) -- Indonesia’s rupiah fell to its lowest in history against the dollar as market participants priced in the impact of rising trade frictions around the globe, prompting another central bank’s intervention. The currency dropped 0.5% to 16,957 per dollar during intraday trading before erasing all losses toward the close on Wednesday.
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2 months ago | 
bloomberg.com | Katia Dmitrieva |Philip Heijmans |Prima Wirayani
Near the Indonesian city of Surakarta, a one-time royal capital on the island of Java that’s long been known for producing elaborate fabrics, dozens of once-bustling garment factories sit empty behind locked gates. At a coffee shop not far from the plant where he was employed for more than three decades, 53-year-old Hariyanto blamed cheap imports from China for the economic devastation.
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2 months ago | 
flipboard.com | Katia Dmitrieva |Philip Heijmans |Prima Wirayani
2 hours agoThe White House point person on immigration is pursuing a strategy that is bedeviling his opponents and could provoke a constitutional crisis. During the first Trump administration, when Stephen Miller’s immigration policy proposals hit obstacles in federal court, rumors would circulate about his …
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Feb 27, 2025 | 
bloomberg.com | Prima Wirayani |Matthew Burgess
Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Diversity and Inclusion Tech At Bloomberg Philanthropy Sustainability Bloomberg London...
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Jan 26, 2025 | 
gcaptain.com | Sudhi Ranjan Sen |Prima Wirayani
By Sudhi Ranjan Sen and Prima WirayaniJan 25, 2025 (Bloomberg) —Indonesia and India will step up their economic and defense cooperation as the South Asian nation seeks to position itself as a counterbalance to China in the region. The two nations decided to work jointly in the area of defense manufacturing and diversify their trade basket during Indonesian President Prabowo Subianto’s visit to New Delhi.
