Author: Admin

[JAKARTA] Indonesia’s Investment Minister Rosan Roeslani on Wednesday (Oct 8) said the government has entered into discussions with China about restructuring the debt of Indonesia’s high-speed train company.Construction of the US$7.3 billion China-backed high-speed railway began in 2016, and it was meant to start operating in 2019.But the project to connect the capital Jakarta and Bandung in West Java faced problems, including land procurement issues, pandemic-related delays and ballooning costs, which pushed out its completion.Rosan declined to disclose details of the proposed restructuring being negotiated with the Chinese government.“We want a comprehensive reform, so that after we restructure there will…

Journalist Mario Guevara has vowed to continue his work reporting despite his deportation to El Salvador following his arrest while covering a protest in Georgia.Guevara landed in the South American country early Friday morning, just days after the 11th Circuit Court of Appeals ruled that his deportation could go forward.Speaking to CBS News Atlanta on Monday, Guevara said he was grateful to be out of ICE custody, but that the separation from his family has left him devastated.”I was in jail 110 days, and now finally I’m not a prisoner anymore. I’m free, but I am away from my family. I…

[MUMBAI] Tata Capital’s initial public offering (IPO) was sold out on the final day of bidding on Wednesday (Oct 8), reflecting strong demand from institutional and wealthy investors. It is India’s largest listing this year, at 155 billion rupees (S$2.3 billion). Total bids exceeded the number of shares that were on sale, according to exchange data on Wednesday. The shadow financier, a unit of one of India’s largest and most-reputed conglomerates, the Tata Group, is selling shares at 310 to 326 rupees apiece, valuing the firm at up to 1.4 trillion rupees. The solid investor response augurs well for the…

ANKARA, Turkey — ANKARA, Turkey (AP) — Several high-profile Turkish celebrities were summoned on Wednesday for questioning and blood tests as part of a drugs-related investigation, reports and officials said.The investigation, led by Istanbul’s chief prosecutor, was launched into individuals suspected of “using narcotic or stimulant substances,” the prosecutor’s office said.Those summoned include 12 singers, actors in popular television series and social media celebrities, the state-run Anadolu Agency reported.The celebrities were not currently under custody and were expected to be freed following blood tests, Anadolu said.The investigation coincides with a broader crackdown on artists and opposition voices under President Recep…

HSBC on Wednesday raised its average silver price forecasts for 2025 to $38.56 per ounce from $35.14 citing expectations for high gold prices, renewed investor demand, and anticipated volatile trading.The bank also raised its forecast for 2026 to $44.50 from $33.96 earlier and $40 from $31.79 for 2027. “We look for a wide $45.00-53.00/oz range for the remainder of 2025 and a wide $40.00-55.00/oz range next year with the highs likely coming in 1H’26 followed by moderating and falling prices in 2H’26 as London inventories build, gold prices are expected to moderate and greater physical supply is mobilized,” HSBC added.

The most remarkable takeaway in a new Bruegel report is how relatively contained Europe’s fiscal burden appears in aggregateGREYING Europe has long been considered an outlier in global demographics. But the rising cost to its governments in terms of bills for pensions and healthcare is more manageable than assumed, and less than in rival economies in America and China. In a detailed report on the rising cost to the public purse from Europe’s ageing population, Brussels-based think tank Bruegel this week outlined a trajectory through 2070 using the latest country-by-country data from the European Commission.Familiar problems and necessary remedies recur:…

Four games and four wins for the Los Angeles Dodgers in the 2025 MLB Postseason, and Alex Rodriguez doesn’t see them stopping there.”I think the Dodgers are the complete package. It doesn’t matter if they’re going to beat you 1-0 or 10-1. It reminds me of the old 90s [New York] Yankees when they won four titles where they’re going to beat you any way you want to play,” the FOX MLB Studio Analyst said about the Dodgers on Tuesday’s edition of “The Herd.” “In the trenches, pitching, 1-0, 10-0, it doesn’t matter; they’re going to win. The Dodgers are…

The Conservatives will abolish stamp duty if they win the next election, Kemi Badenoch has announced.Speaking to the Conservative Party conference in Manchester, the Tory leader described stamp duty – the tax paid when a new home is purchased – as a “bad tax” and an “unconservative tax”. She said that she had looked at lowering the thresholds at which stamp duty is paid but decided it would not be “enough”.”The last Conservative government cut stamp duty for thousands of home buyers,” she told the conference.”But now we must go further. We must free up our housing market – because…

The company hopes the cheaper cars will revive sales after global deliveries fell in 2024 for the first time[GDANSK] Tesla’s lower-priced versions of its staple Model Y SUV and Model 3 sedan face an uphill battle in the region where Elon Musk’s company arguably needs help the most: Europe.Unveiled on Tuesday (Oct 7), the US$39,990 Model Y Standard and US$36,990 Model 3 will join a European market already crowded with budget EVs, with European and Chinese brands offering more than a dozen models below US$30,000 – and more to come.That’s in contrast to the US, where only one EV, the…

A judge Tuesday blocked President Donald Trump’s administration from requiring recipients of federal teen pregnancy prevention grants to comply with Trump’s orders aimed at curtailing “radical indoctrination” and “gender ideology.”The ruling is a victory for three Planned Parenthood affiliates — in California, Iowa and New York — that sued to try to block enforcement of a U.S. Department of Human Services policy document issued in July that they contend contradict the requirements of the grants as established by Congress.U.S. District Judge Beryl Howell, who was appointed to the bench by former President Barack Obama, blasted the administration’s policy change in…