Explore

Rapid Read Rapid Read
Indonesia Leverages Gaming and Esports to Develop Skilled Digital Workforce

Indonesia Leverages Gaming and Esports to Develop Skilled Digital Workforce

Indonesia is increasingly focusing on gaming and esports as key sectors to boost its creative economy and develop a skilled digital workforce. Creative Economy Minister Teuku Riefky Harsya highlighted the strategic importance of these industries during a national esports gathering in Jakarta. The government aims to strengthen the entire gaming and esports ecosystem, which includes players, commentators, community organizations, event organizers, and content creators. This initiative is part of a broader strategy to align workforce trends with the interests and digital expertise of younger generations, thereby fostering the growth of creative industries. Industry experts note that esports is generating opportunities in various fields such as content production, event management, digital services, technology development, and creative entrepreneurship.
Rapid Read Rapid Read
Indonesia Central Bank Raises Rates to Combat Rupiah Weakness Amid Inflation Concerns

Indonesia Central Bank Raises Rates to Combat Rupiah Weakness Amid Inflation Concerns

Indonesia's central bank has unexpectedly increased its policy rate by 25 basis points, bringing the 7-day reverse repo rate to 5.5%. This move aims to strengthen the rupiah, which has fallen to record lows against the US dollar. The decision comes as the country faces significant foreign portfolio investment outflows, leading to a 35% drop in the Jakarta Composite Index year-to-date. The central bank's action is also a pre-emptive measure to maintain inflation within the government's target range of 1.5% to 3.5% for 2026 and 2027. Despite previous interventions, including a larger-than-expected rate hike in May and forex market interventions, the rupiah has depreciated over 8% against the dollar this year.
AP News AP News
A 7.8 magnitude quake in the Philippines kills at least 35, collapses buildings and sparks tsunami

A 7.8 magnitude quake in the Philippines kills at least 35, collapses buildings and sparks tsunami

A powerful 7.8-magnitude earthquake has rocked the southern Philippines, killing at least 35 people
Trendline Trendline
Tripadvisor Reveals World's Best Hotels for 2026, Only One U.S. Hotel in Top 5

Tripadvisor Reveals World's Best Hotels for 2026, Only One U.S. Hotel in Top 5

Tripadvisor Reveals World's Best Hotels for 2026, Only One U.S. Hotel in Top 5
Rapid Read Rapid Read
Indonesia's Central Bank Raises Rates to Stabilize Rupiah Amid Record Lows

Indonesia's Central Bank Raises Rates to Stabilize Rupiah Amid Record Lows

Indonesia's central bank has unexpectedly increased its benchmark interest rate by 25 basis points, bringing the 7-day reverse repo rate to 5.5%. This decision aims to stabilize the rupiah, which has been experiencing significant depreciation against the U.S. dollar, reaching record lows. The rate hike is also intended to attract foreign investment and maintain inflation within the government's target range of 1.5% to 3.5% for 2026 and 2027. The move comes as Indonesia's stock market has seen a rapid decline, with the Jakarta Composite Index falling over 35% year-to-date. The central bank's actions are part of a broader strategy to bolster the currency and address rising inflation, which was recorded at 3.08% in May, surpassing previous estimates.
AP News AP News
A 7.8 magnitude quake in the Philippines kills at least 19, fells buildings and sets off a tsunami

A 7.8 magnitude quake in the Philippines kills at least 19, fells buildings and sets off a tsunami

A magnitude 7.8 earthquake has rocked the southern Philippines, killing at least 19 people and injuring over 200
AP News AP News
A 7.8 magnitude earthquake rocks the southern Philippines, causing some damage and 1-meter tsunami

A 7.8 magnitude earthquake rocks the southern Philippines, causing some damage and 1-meter tsunami

A magnitude 7.8 earthquake has shaken part of the southern Philippines, and a tsunami was possible on some regional coasts
AP News AP News
A 7.8 magnitude quake kills 12, destroys buildings and sparks tsunami in southern Philippines

A 7.8 magnitude quake kills 12, destroys buildings and sparks tsunami in southern Philippines

A magnitude 7.8 earthquake has rocked the southern Philippines, leaving at least 12 people dead and injuring over 200
AP News AP News
A 7.8 magnitude quake in the Philippines kills at least 32, collapses buildings and sparks tsunami

A 7.8 magnitude quake in the Philippines kills at least 32, collapses buildings and sparks tsunami

A powerful 7.8-magnitude earthquake has rocked the southern Philippines, killing at least 32 people
Rapid Read Rapid Read
7.8 Magnitude Earthquake in Southern Philippines Triggers Tsunami Warning

7.8 Magnitude Earthquake in Southern Philippines Triggers Tsunami Warning

A powerful 7.8 magnitude earthquake struck the southern Philippines early Monday, causing significant damage in the coastal city of General Santos. The earthquake, which occurred at 7:37 a.m., led to power outages and prompted a tsunami warning for several regional coasts. The epicenter was located 13 kilometers southwest of General Santos at a depth of 10 kilometers. The Pacific Tsunami Warning Center indicated that tsunami waves up to 3 meters could impact some Philippine coasts, while smaller waves were possible in Indonesia and Malaysia. Residents in coastal areas were advised to evacuate to higher ground. The earthquake also caused a partial collapse of a small commercial building in General Santos, though no injuries were immediately reported. Aftershocks, including one measuring 6.5 in magnitude, followed the initial quake.
Rapid Read Rapid Read
Philippines Earthquake Triggers Tsunami Alerts Across Asia

Philippines Earthquake Triggers Tsunami Alerts Across Asia

A powerful earthquake with a magnitude of 7.8 struck off the southern island of Mindanao in the Philippines, causing significant structural damage and triggering tsunami alerts across Asia. The earthquake occurred shortly before 7:40 am local time, according to the United States Geological Survey. The quake led to the collapse of buildings, including a three-story structure housing a Jollibee restaurant in General Santos City. The Philippine Institute of Volcanology and Seismology reported aftershocks lasting over an hour. Philippine President Ferdinand Marcos activated emergency agencies and urged residents in affected areas to evacuate to higher ground due to the risk of hazardous tsunami waves. Tsunami warnings were issued for coastal areas in the Philippines, Indonesia, and Malaysia, with waves expected to reach up to 3 meters in height.
Reuters Reuters
Analysis-Prabowo's populist policies propel a 'doom-loop' in Indonesian markets

Analysis-Prabowo's populist policies propel a 'doom-loop' in Indonesian markets

By Rae Wee, Karin Strohecker and Marc Jones SINGAPORE/LONDON, June 8 (Reuters) - Indonesian President Prabowo Subianto is losing the trust of investors and his growth agenda risks being undone by a plunging currency.