economic · economic

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Indonesia’s Danantara must ‘outlast’ presidencies to prove worth: investment chief

S5

Indonesia’s Danantara must outlive political administrations to prove its worth to investors and most importantly to the people, according to the sovereign wealth fund’s chief investment officer. Pandu Sjahrir said the fund was focused on the demutualisation of Jakarta’s stock market and to support the establishment of the first financial centre in Bali to boost investor confidence. “Investment is almost everything for us. Confidence is the name of the game, and we have to create long-term...

scenario pending7 days ago

economic · economic

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Reports: Blasts heard in Iranian port cities of Bandar Abbas, Bandar Lengeh

S5

Reports: Blasts heard in Iranian port cities of Bandar Abbas, Bandar Lengeh Explosion sounds were heard in the strategically important southern Iranian port cities of Bandar Abbas and Bandar Lengeh, according to Iran’s semi-official Tasnim news agency. Tasnim reported a US strike near Haji Abad in Bandar Abbas, which caused no civilian casualties or damage to residential and commercial infrastructure. Bandar Abbas has come under repeated US air strikes in recent days, causing damage to city infrastructure. Bandar Lengeh is a port city in southern Iran, located in Hormozgan province along the coast of the Gulf.

scenario pending7 days ago

economic · economic

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Why is Latin America shifting to the right?

S5

🇨🇴 🇵🇪 #Colombia and #Peru recently elected right-wing, #Trump-aligned leaders in close contests, which analysts link to weakening centrist parties and growing concern over crime rather than a clear ideological shift. 🇧🇷 Trump has amplified the trend by hosting regional allies in Florida, though his tariffs on #Brazil had the opposite effect, boosting leftist President Lula's standing. 🌎 🗳️ Brazil's October election will be a key test of whether the region's rightward trend continues.

scenario pending7 days ago

economic · economic

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RBL Bank Q1 Results: Net profit rises 27% YoY to Rs 254 crore; Emirates NBD ownership boosts growth outlook

S5

RBL Bank reported a 27% YoY rise in Q1 FY27 standalone net profit to Rs 254 crore, while net interest income increased 12%. The lender said Emirates NBD’s majority ownership has expanded its growth opportunities, with management expecting stronger momentum in corporate banking, trade finance and cross-border business.

scenario pending7 days ago

economic · economic

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Germany to scale back renewable subsidies amid power grid strain

S5

Germany plans to scale back renewable-energy subsidies in a sweeping overhaul of its funding system, as surging solar output puts growing strain on the country’s power grid. From 2027, new renewable generators should receive support “in a way that benefits both the market and the system,” according to a draft law published by the Economy Ministry late on Friday. That means rewarding projects that respond more closely to electricity demand and do not worsen grid congestion. Fixed feed-in tariffs...

scenario pending7 days ago

economic · economic

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Can Philippines turn reforms into gains in Southeast Asia’s FDI race?

S5

Not so long ago, the Philippines was bedevilled by warning signs to investors, from its corruption to its groaning infrastructure and a fuel crisis born of a war fought thousands of miles away. Those problems have not simply disappeared, but a flurry of business-friendly reforms – paired with ambitious plans to upgrade the nation’s railways, ports and power grid – now puts it in a stronger position to capture some of the billions of dollars seeking a home outside the region’s recent supply chain...

scenario pending8 days ago

economic · economic

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Chinese fossil find shows birds shed their dinosaur tails step by step

S5

A fossil found in China suggests modern birds shed the long, bony tails of their dinosaur ancestors through a step-by-step process, rather than a sudden evolutionary transition as previously believed. The transition to a short, feathered tail was one of the most important steps in the evolution and survival of birds, the only living group of dinosaurs to survive a mass extinction event 66 million years ago. “The evolutionary assembly of the flight-adapted bird body plan encompasses some of the...

scenario pending8 days ago

economic · economic

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Trump Media pitched US$100,000 fee for fastest feed of US president’s posts, sources say

S5

Donald Trump’s social media company has discussed charging Wall Street traders and investment firms as much as US$100,000 a month for faster access to the US president’s posts on his Truth Social platform, according to people familiar with the matter. Trump Media & Technology Group, which owns Truth Social, has in recent weeks also pitched a discounted plan of US$60,000 per month if the firms sign up for a three-year plan, the sources said, requesting anonymity as the ‌discussions are...

scenario pending8 days ago
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