11 h. ago Indonesia’s new finance chief plans US$12 billion boost for lending

Indonesia’s new finance minister wants to immediately flood the economy with roughly US$12 billion in cash to jump-start lending, proving his commitment to President Prabowo Subianto’s growth agenda barely three days into the job. The government would transfer half of the 400 trillion rupiah in cash reserves that it held with the central bank to state-owned lenders, Finance Minister Purbaya Yudhi Sadewa told lawmakers in a hearing on Wednesday. He added on Thursday that the cash injection would...

Economics

3 d. ago Indonesia removes finance minister Sri Mulyani after protests

Indonesia removes finance minister Sri Mulyani after protests  South China Morning Post

Politics

1 week ago EU chief’s plane hit by suspected Russian GPS jamming over Bulgaria

A plane carrying EU chief Ursula von der Leyen was hit by GPS jamming as it readied to land in Bulgaria on Sunday, Brussels said on Monday, alleging Russia was thought to be behind the incident. The European Commission said Bulgarian authorities suspected the disruption “was due to blatant interference” from Moscow, but it was not clear if the chartered flight was deliberately targeted. “We can indeed confirm that there was GPS jamming,” Commission spokeswoman Arianna Podesta told a press...

Events

1 week ago Europe drawing up ‘precise plans’ to send troops to Ukraine: EU chief

Europe is drawing up “pretty precise plans” for a multinational troop deployment to Ukraine as part of post-conflict security guarantees that will have the backing of US capabilities, European Commission President Ursula von der Leyen told the Financial Times in an interview published on Sunday. “President Trump reassured us that there will be [an] American presence as part of the backstop. That was very clear and repeatedly affirmed,” von der Leyen told the newspaper. The deployment is set to...

Politics

1 week ago Homes of Indonesian finance minister, lawmakers looted as unrest widens

Demonstrations in Indonesia escalated on Sunday with reports of looting at the homes of the finance minister and several lawmakers, as a fire started by protesters at a council building killed at least three people. Frustration with lawmakers, accused of being oblivious to the struggles of common folk, snowballed into widespread violence after a delivery driver was fatally hit by a police tactical vehicle deployed to deal with protesters earlier decrying low wages and financial perks for...

Politics

2 w. ago Russia rejects Zelensky meeting as diplomatic tension simmers

Russia on Friday ruled out an immediate meeting with Volodymyr Zelensky, as diplomatic tension escalated with the Ukrainian president and US mediation efforts appeared to stumble. Russian Foreign Minister Sergey Lavrov said “no meeting” between Vladimir Putin and Zelensky was planned, as Nato chief Mark Rutte visited Kyiv, largely to discuss security guarantees for Ukraine. US President Donald Trump raised expectations for a swift summit between the Russian and Ukrainian presidents by saying...

Politics