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☆ Agtech startup Rize wants to make even the smallest rice farmers go green. Here's the deck it used to raise a $14 million Series A.
▼ + stars: | 2024-05-13 | by ( Meghan Morris | ) www.businessinsider.com time to read: +1 min

Agtech startup Rize aims to lower rice farming's methane emissions in southeast Asia. The Singapore-based startup recently raised $14 million in Series A funding from investors. A 10th of the world's methane emissions comes from rice farming, as bacteria break down in wet rice paddies and release the gas. To reduce rice's methane footprint, agtech startup Rize is working with small rice farmers in Vietnam and Indonesia — locals who manage a farm about the size of one and a half soccer fields. Rize's on-the-ground scientists use the startup's tech platform and green growing techniques to help these farmers grow rice more sustainably and increase their harvest.

Persons: — Organizations: Service, Business Locations: Rize, Asia, The Singapore, Vietnam, Indonesia

☆ First Tim Cook, now Satya Nadella is also wooing Indonesia — the world's 4th most populous nation
▼ + stars: | 2024-05-02 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

Microsoft plans to invest $1.7 billion in cloud and AI infrastructure in Indonesia. CEO Satya Nadella visited Indonesia this week The investment is the largest in Microsoft's 29-year history in the country. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This week the company said it would invest $1.7 billion over the next four years in cloud and AI infrastructure in Indonesia. "This new generation of AI is reshaping how people live and work everywhere, including in Indonesia," Microsoft CEO Satya Nadella said on Tuesday.

Persons: Satya Nadella, Tim Cook, — Organizations: Service, Microsoft, Business Locations: Indonesia

☆ A Popular Leader’s Surprising Turn Shadows Indonesia’s Election
▼ + stars: | 2024-02-13 | by ( Sui-Lee Wee | Muktita Suhartono | ) www.nytimes.com time to read: 1 min

More than 100 million people are voting on Wednesday in one of the biggest elections in the world. The contest for the top prize — the presidency of Indonesia — is a three-way race. But looming large is someone not on the ballot. That person is Joko Widodo, the incumbent president, who is not allowed to seek a third five-year term and will step down in October. A decade after Mr. Joko presented himself as a down-to-earth reformer and won office, he remains incredibly popular.

Persons: Joko Locations: Indonesia

☆ How BlackRock’s Rick Rieder generates outperformance and attractive yield for his Flexible Income ETF
▼ + stars: | 2024-01-24 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

In a sea of income-generating exchange-traded funds, BlackRock 's actively managed Flexible Income ETF (BINC) seeks to stand out with a multisector approach that balances high quality and high yield. "The way we built this portfolio is marrying high yield, investment-grade credit, agency mortgages and securitized [products]," Rieder said in an interview. Rieder said he's investing more in European high yield these days because of the strong U.S. dollar. "That is really attractive — and European high yield is cheaper than U.S.," he said. In U.S. high yield, single-B-rated debt is the most attractive, the investor said.

Persons: Rick Rieder, Rieder, BINC, it's, they're, We're, Indonesia — Organizations: BlackRock, SEC, Morningstar, Federal, Agency Locations: U.S, European, Mexico, Brazil, Indonesia

Mining operations account for some 4%-7% of global greenhouse gas emissions, according to global consulting firm McKinsey & Company. But some miners are moving to reduce use of fossil fuels in extracting and refining, partly due to pressure from downstream customers that want more sustainable supply chains. Located beside a crystal-blue lake in the lush jungle of Sorowako, South Sulawesi, Vale Indonesia — a subsidiary of Vale international — runs its smelters entirely from hydroelectricity. Other companies and countries around the world also are reducing use of fossil fuels in their mining operations. But now, having that infrastructure means big savings at a time when global energy prices are high.

Persons: Michael Goodsite, “, Joko Widodo, Widodo, “ Ford, ” Christopher Smith, Febriany Eddy, Eddy, it’s, ” Eddy, Aimee Boulanger, there’s, they’ve, ” Goodsite Organizations: McKinsey & Company, Vale, Companies, University of Adelaide, Volvo, Mercedes, Hyundai, Apple, Ford Motor Co, Vale Indonesia, Associated Press, Initiative for, Mining Assurance, —, AP Locations: SOROWAKO, Indonesia, Indonesian, Sulawesi, Sorowako, South Sulawesi, Indonesia —, Chile, Raglan, Canada, Australia, ” Indonesia, Vale Indonesia, China, United States

"The price of global rice prices is particularly worrying," Qingfeng Zhang, a senior director from the Asian Development Bank, told CNBC. Other than India, food inflation has been relatively tame in Asia so far this year. Underscoring how higher food prices erode purchasing power, ADB suggested at that time that a 10% rise in domestic food prices in developing Asia would push 64.4 million into poverty, based on the $1.25-a-day poverty line. Moreover, this spike in rice prices is happening amidst widespread lower food prices. watch nowThis means any spikes in food prices will only translate to food inflation toward the end of this year or early 2024.

Persons: Qingfeng Zhang, El Niño, Niño, Erica Tay, Tay, Tay . Rice, Xi Jinping, Morgan Stanley, Maybank Nomura, Sonal Varma, Si Ying Toh, Nomura, Paul Hughes, Hughes, Global's Hughes Organizations: Istock, Asian Development Bank, CNBC, ADB, United Nations, FAO, Tay . Locations: Ho Chi Minh, Vietnam, Asia, India, Thailand, China, Myanmar, Cambodia, Tay, U.S, El, Australia, Pacific, Singapore, Hong Kong, Indonesia, South Korea, Philippines, Malaysia

Nickel is a central component of the transition away from fossil fuels, making access to Indonesia’s stocks an objective of greatest urgency. “It’s frustrating.”Money and PowerAt 76, Mr. Luhut remains wiry, spry and prone to nationalist pique. He vehemently rejects the notion that Indonesia — a country of nearly 280 million people — must pick a side or imperil its business with the United States. The animosity between the United States and China was not the only issue causing him angst. Since the ban was introduced in 2014, Indonesia’s exports of nickel products have multiplied more than tenfold, exceeding $30 billion last year, according to government data.

Persons: Biden, ”, “, spry Organizations: National Security Council, Everything, European Union Locations: Jakarta, America, Indonesia, United States, China

On Tuesday, the leaders of eight countries that are home to the Amazon River basin agreed to work together to conserve the world’s largest rainforest at a groundbreaking meeting convened by President Luiz Inácio Lula da Silva of Brazil. The agreement, called the Belém Declaration, for the Brazilian city where the meeting was held, provides a road map to stave off the rampant deforestation, caused in large part by industrial agriculture and land-grabbing, that has severely damaged the rainforest and has major implications for Earth’s climate. The meeting was also expected to yield a separate agreement on Wednesday among other nations with major rainforests — including the Democratic Republic of Congo, the Republic of Congo and Indonesia — to more closely coordinate protecting the ecosystems globally. The Amazon rainforest is not only a haven of biodiversity but also plays an important role in the fight against climate change because it pulls huge amounts of planet-warming carbon dioxide out of the atmosphere and stores it away. Over the past half-century, around 17 percent of the forest has been razed and an even bigger share is severely degraded.

Persons: Luiz Inácio Lula da Silva Organizations: Democratic Locations: Brazil, Democratic Republic of Congo, Republic of Congo, Indonesia

Their data showed mercury contamination from informal gold mining making its way into the biodiversity hotspot's mammals — from rodents to ocelots to titi monkeys. Leaders from the eight countries around the Amazon meeting in Brazil next week will discuss how to end illegal gold mining. While the scientists began testing for mercury at Los Amigos in 2021, some of the samples were gathered as early as 2018. During Reuters' visit to Los Amigos, scientists caught rodents in metal traps baited with peanut butter and snagged birds and a bat in mist nets floating through the forest. In 2021, mining arrived on Los Amigos' doorstep.

Persons: Conservación Amazônica, Mrinalini Erkenswick, Erkenswick Watsa, biogeochemist Jacqueline Gerson, there's, it's, Gideon Erkenswick, Jorge Luis Mendoza Silva, Caroline Moore, Moore, Chris Sayers, Jake Spring, Gloria Dickie, Marco Aquino, Oliver Griffin, Katy Daigle, Suzanne Goldenberg Organizations: Los, Biological, Amigos, Reuters, San Diego Zoo Wildlife Alliance, Projects International, Los Amigos, University of Colorado, REUTERS, Gold Council, USAID, Peruvian, Nature Communications, San Diego Zoo Wildlife, University of California, Thomson Locations: Peru, Peruvian, Peru's, de Dios, Madre de Dios, Brazil, Colombia, California, University of Colorado Boulder, Los Amigos, Dios, Latin America, Congo, Indonesia, University of California Los Angeles, London, Lima, Bogota

When you think of cat food, coral reef restoration may not be the first thing that comes to mind. More coral today, more fish tomorrowIn 2019, the SHEBA brand began its work on Hope Reef, part of a global movement to help restore coral reefs around the world. Unveiled in 2021, Hope Reef — located off the coast of Sulawesi in Indonesia — is one of the world's largest repaired coral reefs. For Kuleana Coral Reefs, responsibility is even in the name. Thanks in part to the SHEBA brand's support, Kuleana Coral Reefs is restoring damaged coral reefs throughout the Hawaiian archipelago so they can persist naturally and without further human intervention.

Persons: Hope, SHEBA, one's Organizations: Google, National Ocean Service, Smithsonian, Global Seafood Alliance, SHEBA, Insider Studios Locations: Hope, Sulawesi, Indonesia, United States

☆ We're a millennial couple in Singapore. It took 2 years, 17 apartment viewings, and some negotiation, but we managed to find our forever home.
▼ + stars: | 2023-06-10 | by ( Amanda Goh | ) www.businessinsider.com time to read: +5 min

After being together since 2015, Joy Oh and Eddy Kur were looking to settle down. This as-told-to essay is based on a conversation with 31-year-old Joy Oh, a digital-content producer who works in a creative agency in Singapore. Joy Oh and Eddy Kur/Ohkur HouseThat aside, we had a pretty long list of requirements for our future home. Joy Oh and Eddy Kur/Ohkur HouseAfter our down payment, we took out an HDB housing loan of SG$389,100 to finance the rest of our home. Joy Oh and Eddy Kur/Ohkur HouseWe decorated the place and signed the papers in our living room.

Persons: Joy Oh, Eddy Kur, —, Indonesia —, Eddy, Oh Organizations: Service, Board Locations: Singapore, Jakarta, Indonesia, Yishun, Khatib —

☆ Opinion | Fareed Zakaria on Where Russia’s War in Ukraine Stands — and Much More
▼ + stars: | 2023-06-02 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +96 min

Obviously, the line is not perfect, but I think that’s a very sensible line. And I don’t think that’s all about absorption capability. But I don’t think it’s fair to say that the Russians have done everything they can. fareed zakaria[LAUGHS] And by the way, I think that’s some key to understanding the alliance is a personal one. I think India, Israel, and Poland — usually, in the 70 percent-plus say they like — have a favorable view of America.

Persons: ezra klein, it’s, Fareed Zakaria, Zakaria, “ Fareed Zakaria, fareed zakaria, Ezra, Putin, They’ve, there’s, fareed zakaria It’s, they’re, It’s, Fidel Castro, Sean Penn, haven’t, you’re, won’t, Biden, They’re, Washington, Winston Churchill, Merkel, wouldn’t, —, Nancy Gibbs, Khomeini, Macron, Ron DeSantis, YouGov, fareed zakaria I’m, that’s, DeSantis, Lindsey Grahams, Mitch McConnell, Xi Jinping, ezra klein Yes, Xi, Gorbachev, Zelensky, Trump, Obama, Bush, United States —, McCarthy’s, I’ve, they’d, doesn’t, didn’t, ezra klein They’re, fareed zakaria They’re, we’ve, Simpson, I’m, Janet Yellen, Colin Powell, unquote, That’s, Jonathan Haidt, We’ve, he’s, fareed zakaria That’s, they’ve, fareed zakaria Well, gee, TikTok, we’re, George Kennan, Mike Gallagher, klein, Nirupama Rao, Bob Kagan, can’t, — fareed zakaria, Lord Mountbatten, Gandhi, Franklin Roosevelt, Ho Chi Minh, fareed zakaria Right, narratively —, Modi, you’ve, China’s —, fareed zakaria Modi, India’s, Advani, Vajpayee, you’d, There’s, India, Joe Biden, fareed zakaria I’ve, Benedict Anderson’s “, Orville Schell, John Delury, Sunil Khilnani, ezra klein Fareed Zakaria Organizations: CNN, The Washington Post, Putin, Starbucks, Russia, Revolutionary Guard, NATO, Ukrainian, Communist, European Union, U.S, Republican Party’s, Republican Party, Republicans, ASEAN, Trump, Defense, United, U.S ., Democrats, Chinese Communist Party, State, Facebook, Google, Soviet Union, Huawei, Twitter, South China Seas, Foreign Affairs, Yale Law, International Criminal, South China, . Security, Trade Organization, Pax Americana, Americana, New York Fed, America, Republican, Fox, Beijing Locations: ezra klein Russia, Ukraine, Russia, America, Europe, China, India, Russian, United States, Relatedly, Japan, Turkey, Holland, South Korea, Singapore, Iran, Venezuela, Central America, Southeast Asia, Washington, Britain, ‘, U.S, United Europe, Germany, Soviet Union, Vietnam, Beijing, Trump, Asia, Iraq, Hainan, Montana, Republic, Soviet, weirdly, South, Taiwan, Pakistan, New Delhi, South Africa, Kuwait, Russia’s, Eden, Saudi Arabia, Indonesia, Kashmir, it’s, Cuba, Pax, American, Mumbai, Shanghai, Israel, Poland, Indian, Nigeria

☆ Rohingya recount stories of hunger and desperation in escape to Indonesia
▼ + stars: | 2022-12-28 | by ( ) www.nbcnews.com time to read: +3 min

PIDIE, Indonesia — Rohingya Muslims who survived a harrowing 40 days on a boat across the Indian Ocean to end up in Indonesia have recounted stories of hunger and desperation, saying more than 20 of those on board died on the way. Rohingya men resting at a shelter in the Pidie district of Aceh province on Monday. A Rohingya child rests in a temporary shelter in Laweueng on Tuesday. Rohingya attempting sea crossings to Thailand and Muslim-majority Malaysia and Indonesia often set off between November and April when seas are calmer. Indonesia has seen nearly 500 Rohingya reach its shores in the past six weeks, according to the UNHCR.

☆ UBS expects this global tech stock to see a 60% upside despite headwinds and reopening challenges
▼ + stars: | 2022-12-14 | by ( Sheila Chiang | ) www.cnbc.com time to read: +3 min

UBS is bullish on GoTo Group , and changed its 12-month rating for Indonesian e-commerce and ride-hailing giant from "sell" to "buy." GoTo shares surged as much as 33% during Tuesday trading after the Swiss investment bank did a double upgrade of the stock. Despite subsidy reductions and tough macro conditions, GoTo has been growing quarter-on-quarter in key segments, UBS said in its report. UBS Still, UBS lowered its 12-month price target for GoTo by 33% to 160 rupiah, from a previous target of 240 rupiah. "The expiry of lock-up and steady progress towards profitability in end-2023 should help the stock re-rate, in our view," said the UBS report.

☆ Indonesia’s Parliament passes law criminalizing adultery
▼ + stars: | 2022-12-06 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

JAKARTA, Indonesia — Indonesia’s Parliament passed a long-awaited and controversial revision of its penal code Tuesday that criminalizes extramarital sex for citizens and visiting foreigners alike. After ratification, the new criminal code must be signed by the president, according to Deputy Minister of Law and Human Rights Edward Hiariej. The criminal code will not apply immediately. Widodo had instructed Law and Human Rights Minister Yasonna Laoly to get input from various communities while lawmakers discussed the articles. “These laws let police extort bribes, let officials jail political foes, for instance, with the blasphemy law,” Harsono said.

☆ Indonesia’s Mount Semeru erupts, burying homes in volcanic debris
▼ + stars: | 2022-12-05 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

Mount Semeru in Lumajang district in East Java province spewed thick columns of ash nearly 5,000 feet into the sky Sunday. Villages and nearby towns were blanketed with falling ash, blocking out the sun, but no casualties have been reported. Hundreds of rescuers were deployed Monday in the worst-hit villages of Sumberwuluh and Supiturang, where houses and mosques were buried to their rooftops by tons of volcanic debris. The government moved about 2,970 houses out of the danger zone, including from Sumberwuluh village. People were advised to keep off the southeastern sector along the Besuk Kobokan River, which is in the path of the lava flow.

☆ 6-year-old boy rescued from rubble of Indonesia quake amid hope of more survivors
▼ + stars: | 2022-11-24 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

A day earlier, searchers rescued a 6-year-old boy who was trapped for two days under the rubble of his collapsed house. Suharyanto, chief of the National Disaster Mitigation Agency, said he was found alive next to the dead body of his grandmother. “We hope all victims can be found soon,” Henri Alfiandi, chief of the National Search and Rescue Agency, said Thursday. The National Disaster Mitigation Agency has said 171 public facilities were destroyed, including 31 schools. Suharyanto, chief of the National Disaster Mitigation Agency, said 100 of the 271 confirmed deaths were children.

☆ Half a world apart, Biden counters Russia by touting the alliances that Trump mocks
▼ + stars: | 2022-11-16 | by ( Peter Nicholas | Peter Nicholas Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com time to read: +7 min

Attending a summit meeting in Bali when the missile hit Poland, Biden quickly arranged the meeting with the leaders of France, Germany, Canada and other allies. Most of the leaders in attendance have agreed to sign on, a Biden administration official said. “We, of course, are ready to stand with our NATO allies and partners,” Vedant Patel, a State Department spokesman, told reporters. NATO, and the mutual defense obligation that underlies it, was nearly a casualty of the Trump administration. They’re still looking for him.” Left unsaid was that as president, Trump skipped summit meetings with Asian leaders in 2018, sending Vice President Mike Pence in his place.

☆ China and U.S. to resume climate talks halted after Pelosi trip
▼ + stars: | 2022-11-15 | by ( The Associated Press | ) www.nbcnews.com time to read: +2 min

Biden and Xi met on the sidelines of the Group of 20 summit in Bali, Indonesia. Both committed Monday to directing their governments’ senior officials to “maintain communication and deepen constructive efforts” on matters including climate change and security of the world food supply, the White House said. “The United States stands ready to do just that — work with you — if that’s what you desire,” Biden told Xi. Kerry and Xie had informal contacts during the two nations’ break on climate cooperation, focused on what would help get the joint dialogue started again. Xi and Biden also agreed to resume the same kind of top-level contacts on other matters critical to global stability, including debt relief, the White House said.

BALI, Indonesia — Treasury Secretary Janet Yellen said she expects inflation will recede to normal levels over the next two years, down from near-four-decade highs. Consumer price increases eased to 7.7% last month, in what could be an early sign that inflation is subsiding. On a monthly basis, inflation rose by 0.4%, the same as in September. President Joe Biden at the time lauded the report as “progress” in the effort to wrangle price growth. “It will take time to get inflation back to normal levels — and we could see setbacks along the way — but we will keep at it and help families with the cost of living,” he said.

☆ A fund manager who oversees $14 billion in equities breaks down why emerging markets offer attractive growth opportunities even during a worldwide economic slowdown — and shares his top 7 foreign stoc
▼ + stars: | 2022-11-15 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

Vontobel's Ramiz Chelat says that certain emerging markets can weather a global economic slowdown. Chelat is particularly bullish on the economies of India, Indonesia, and Brazil. While domestic investors have their hands full with potential recession, portfolio manager Ramiz Chelat believes that the best investment opportunities may be slipping away. Chelat — who manages $5 billion in emerging market equities and $9 billion in global equities at Vontobel Asset Management — is particularly bullish on the emerging economies of Brazil, India, and Indonesia. Chelat believes that all three nations are strong enough to weather any future fallouts from the Russia-Ukraine war, and may even be net beneficiaries in some cases.

☆ Biden tells Xi the U.S. will take 'defensive' action if North Korea's nuclear missile tests continue
▼ + stars: | 2022-11-14 | by ( Peter Nicholas | Peter Nicholas Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com time to read: +6 min

At a news conference following a three-hour meeting with Chinese President Xi Jinping, Biden did not specify how the U.S. might respond to further nuclear tests by North Korean leader Kim Jong-un. “I don’t think there’s any imminent attempt on the part of China to invade Taiwan,” Biden said. Biden walked toward Xi with his right hand outstretched and as they shook, he clasped Xi’s hand with his left. “Good to see you,” said Biden, who met many times with Xi when both were vice presidents of their respective countries. In their most recent phone call in July, both Biden and Xi agreed that they would instruct their aides to explore the possibility of an in-person meeting.

☆ Biden will seek to establish red lines in high stakes meeting with China’s Xi
▼ + stars: | 2022-11-13 | by ( Peter Nicholas | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Carol-Lee-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +7 min

Even so, the White House is downplaying any hope of a major breakthrough when Biden sits down with Xi in person. “I don’t think personal diplomacy will help that much,” said Victor Cha, a former director for Asian affairs in George W. Bush’s White House. The Biden administration sees Xi as the leader of a bullying nation with visions of global dominance. “We recognize that with each launch, [the North Koreans] learn something,” the senior Biden administration official said. But like Biden, Xi will also arrive at the meeting having fortified his position at home.

☆ Russian President Vladimir Putin will not attend G-20 summit in Indonesia
▼ + stars: | 2022-11-10 | by ( The Associated Press | ) www.nbcnews.com time to read: +2 min

JAKARTA, Indonesia — Russian President Vladimir Putin will not attend the Group of 20 summit in Indonesia next week, an Indonesian government official said Thursday, avoiding a possible confrontation with the United States and its allies over his war in Ukraine. U.S. President Joe Biden, Chinese President Xi Jinping and other world leaders are to attend the two-day summit in Bali that starts Nov. 15. Luhut Binsar Pandjaitan, the Chief of Support for G-20 events told reporters in Denpasar, Indonesia, that Russia’s Foreign Minister Sergey Lavrov will lead the Russian delegation. Biden will attend ASEAN and the G-20 while Vice President Kamala Harris will travel to APEC. Putin’s decision not to attend the G-20 comes as Russia’s forces in Ukraine have suffered significant setbacks.

☆ Sunflowers, war and drought: Why the price of margarine and butter spiked 32%
▼ + stars: | 2022-10-17 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

Margarine prices swelled by about 4% in the month from August to September, meaning they've continued to trend upward in the short term. 1 producer and exporter of sunflower oil, which accounts for 9% of all vegetable oil produced globally. "Supplies of these alternatives are expected to be tight in the 2021/22 marketing year, contributing to elevated vegetable oil prices." Palm oil accounts for 35% of all vegetable oil made globally, the largest share relative to the aforementioned oil commodities. Annual oil prices — and those of its byproducts, like gasoline and diesel — skyrocketed as a result.

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