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The plan is the latest in the government’s moves to accelerate the roll-out of President Prabowo’s priority programmes[JAKARTA] Indonesia plans to inject about 200 trillion rupiah (S$16 billion) into the economy to help boost growth, according to its newly-appointed finance minister. The government will take some of the 400 trillion rupiah in cash reserves it has with Bank Indonesia and bring the funds back into the system, including by placing the money with state-owned banks to spur lending, Finance Minister Dr Purbaya Yudhi Sadewa told lawmakers in a hearing on Wednesday (Sep 10). “My job here is to rev up…

Apple’s events may be pre-recorded, but press still gets to visit Apple Park and see all the new products in-person. Check out AppleInsider’s in-person coverage.iPhone events are held in Steve Jobs TheaterApple event badges were multi-color this year and we snagged a blue one. Once we were carted to Steve Jobs Theater and shuffled inside, we got to eat some select snacks and slowly migrate down to the theater area. Continue Reading on AppleInsider | Discuss on our Forums

Pattern is seeking a valuation of up to $2.64 billion in its initial public offering in the United States, the e-commerce firm said on Wednesday, in a further sign of resurgent demand for new listings.After an April slowdown tied to tariff jitters, improved trade prospects and strong investor demand for IPOs restored confidence in the market.The Lehi, Utah-based company and some of its existing shareholders are offering 21.4 million shares, priced between $13 and $15 apiece, to raise as much as $321 million.Pattern’s move to go public rides a wave of U.S. IPO activity, spurred by the blockbuster debuts of…

[BEIJING] Beijing chided the use of “economic pressure” on Wednesday (Sep 10) after US President Donald Trump suggested he would hike tariffs on buyers of Russian oil to stifle Moscow’s funding for its war in Ukraine.On Tuesday, in talks between US and European Union officials, Trump suggested he was willing to broaden tariffs on Russian oil buyers such as China and India – if the EU takes similar moves, a US official told AFP. Dialing in for discussions, Trump raised the possibility of tariffs between 50 per cent and 100 per cent, said the official, who was not authorised to discuss…

KATHMANDU, Nepal — KATHMANDU, Nepal (AP) — Nepal’s government responded to escalating violent protests over a ban on popular social media platforms with deadly force. The public outrage over the ban and the deaths of 19 protesters on Monday led to the resignation of the prime minister and exposed deep discontent over corruption. Prime Minister K.P. Sharma Oli also rolled backed the short-lived ban after protesters turned their anger on politicians by setting fire to homes of some of the country’s top leaders.Led by mostly teenagers and young adults, the protests revealed a broader resentment in Nepal, where many people…

This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Like what you see? You can subscribe here.The big storyChina is taking a lean and mean approach to artificial intelligence as the tech rivalry with the U.S. intensifies.In the U.S., companies and policymakers are chasing massive investments. OpenAI has warned it will need $115 billion through 2029, while Washington has made splashy announcements — including billions of dollars in domestic pledges by Apple and Meta.Beijing, in contrast, is spending less and focusing on practical use cases. At…

THE recent news about the rising number of complaints against investment-linked insurance policies (ILPs) isn’t surprising. In 2024, complaints about ILPs filed with the Financial Industry Disputes Resolution Centre (Fidrec) reportedly hit a high of 211, up from 55 in 2023.This year, 57 complaints were lodged in the first half.ILP sales have surged since around 2022, overtaking traditional participating plans. The sale of ILPs, especially those sold in single-premium mode, tends to rise when markets are strong.

A major new blood test which could revolutionise the diagnosis of Alzheimer’s is being trialled on UK patients with early symptoms, researchers have said.People with suspected dementia are being recruited via memory clinics across the country to see how well the test, which measures the protein p-tau217, works in the NHS. Alzheimer’s disease is the most common cause of dementia and is linked to the build-up of two key proteins in the brain called amyloid and tau.P-tau217 is considered a promising biomarker which shows both amyloid and tau are present in the brain.A team led by University College London (UCL)…

👉Listen to Politics at Sam and Anne’s on your podcast app👈Private concerns around the public finance black hole in Whitehall dominates the chatter, as Chancellor Rachel Reeves aims to plug the £20bn-£40bn gap ahead of the budget. Sam and Anne discuss the situation and ask:• What’s the tone on the issue?• What happened in Sir Keir Starmer’s first new-look cabinet meeting?• What influence is the new environment secretary having?Elsewhere, the prime minister welcomes the Israeli President Izaac Herzog to Downing Street as tensions escalate in the Middle East, and we check in on the state of the Labour deputy leadership…

The Reit will accelerate the group’s growth and support sustainable capital recycling, says chief executive Kong Chee Min[SINGAPORE] Mainboard-listed Centurion Corp won overwhelming support at an extraordinary general meeting (EGM) on Wednesday (Sep 10), for its planned listing of Centurion Accommodation Real Estate Investment Trust (Reit) and related transactions. This includes the divestment of selected assets into the new Reit, Centurion’s role as the sponsor and manager of the trust, and the board’s authorisation to take all the necessary steps to implement the listing. Approval was also sought for the payment of expenses tied to the transaction. At the EGM, nearly 100…