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☆ Indonesia Earthquake Kills at Least 162, Damages Thousands of Homes in Java
▼ + stars: | 2022-11-21 | by ( Dave Sebastian | Fadiyah Alaidrus | ) www.wsj.com time to read: 1 min

An earthquake struck the Indonesian island of Java on Monday, leaving at least 162 people dead, hundreds injured and thousands of homes damaged, a senior official said. The 5.6-magnitude earthquake was centered in the Cianjur area in West Java at a shallow depth of 6.2 miles, according to Indonesia’s meteorological agency. The temblor didn’t have the potential to create a tsunami, the agency said.

CIANJUR, Indonesia, Nov 21 (Reuters) - A powerful earthquake killed more than 160 people in Indonesia's West Java province on Monday, with rescuers searching for survivors trapped under the rubble amid a series of aftershocks. The epicentre of the 5.6 magnitude quake was near the town of Cianjur in mountainous West Java, about 75 km (45 miles) southeast of the capital, Jakarta. West Java governor Ridwan Kamil said on Instagram that 162 people had been killed and 326 were injured. [1/5] Medical workers treat the victims outside the district hospital after earthquake hit in Cianjur, West Java province, Indonesia, November 21, 2022, in this photo taken by Antara Foto. In 2004, a 9.1 magnitude quake off Sumatra island in northern Indonesia triggered a tsunami that struck 14 countries, killing 226,000 people along the Indian Ocean coastline, more than half of them in Indonesia.

More than 22,000 homes were destroyed and over 58,000 people have been displaced, BNPB Major General Suharyanto said on Tuesday. “The majority of those who died were children,” West Java’s governor, Ridwan Kamil, told reporters Monday, adding the death toll was likely to increase further. “So many incidents occurred at several Islamic schools.”Villagers salvage items from damaged houses following a 5.6-magnitude earthquake in Cianjur on November 22, 2022. “We hug each other, strengthen each other, and continue to pray.”Municipality officers in Cianjur evacuate an injured colleague following the earthquake. Workers inspect a school damaged in the earthquake in Cianjur, West Java.

☆ Strong quake topples houses on Indonesia’s Java island killing at least 56
▼ + stars: | 2022-11-21 | by ( ) www.cnbc.com time to read: +3 min

Employees gather outside a office in Bogor, West Java, Indonesia on November 21, 2022, shortly after a 5.6-magnitude earthquake struck off Cianjur Regency, West Java. Residents, some crying with children in their arms, fled damaged homes after the magnitude 5.6 quake shook the Cianjur region in West Java province in the late afternoon, at a depth of 10 kilometers (6.2 miles). In February, a magnitude 6.2 earthquake killed at least 25 people and injured more than 460 in West Sumatra province. In January 2021, a magnitude 6.2 earthquake killed more than 100 people and injured nearly 6,500 in West Sulawesi province. A powerful Indian Ocean quake and tsunami in 2004 killed nearly 230,000 people in a dozen countries, most of them in Indonesia.

☆ COP27 deal is a blessing in a very good disguise
▼ + stars: | 2022-11-21 | by ( George Hay | ) www.reuters.com time to read: +4 min

SHARM EL-SHEIKH, Egypt, Nov 21 (Reuters Breakingviews) - The world’s premier forum for combatting climate change concluded in Egypt’s Sharm El-Sheikh on Sunday with an inadequate agreement to reduce global greenhouse gas emissions. At Glasgow’s COP26 a year ago, the world’s nearly 200 nations promised to update their decarbonisation plans in 2022. Pessimists will accurately stress that a newly agreed loss and damage fund to pay off affected countries is just an empty bucket – the details will be determined later. At COP26 it was obvious a perceived lack of generosity from richer nations was holding back efforts to mitigate and adapt to climate change. The commitment to establish a dedicated “loss and damage” fund left many of the most controversial decisions on how it might work until next year, including who should pay into it.

☆ Indonesia’s green step not yet a leap for mankind
▼ + stars: | 2022-11-18 | by ( George Hay | ) www.reuters.com time to read: +8 min

That’s where the private sector comes in, and why Just Energy Transition Partnerships (JETPs) are a potential game changer. More significantly, seven international banks, including HSBC (HSBA.L), (0005.HK), Citigroup and Bank of America (BAC.N), have promised to match that amount. International Finance Corporation figures show that “concessional” finance extended by public bodies at below-market rates can often attract 10 times its own level in private finance. The GFANZ working group will need to ensure Jakarta is sticking to its side of the decarbonisation bargain. The GFANZ group includes Bank of America, Citigroup, Deutsche Bank, HSBC, Macquarie, Mitsubishi UFJ Financial Group and Standard Chartered.

☆ Indonesia’s GoTo to cut 1,300 jobs — or about 12% of its headcount
▼ + stars: | 2022-11-18 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

A GoTo logo seen displayed on a smartphone screen and in the background. Indonesian tech giant GoTo Group announced Friday that it is laying off 1,300 people, or around 12% of its total headcount. GoTo is the merged entity of ride-hailing company Gojek and online marketplace Tokopedia. The company announced Friday that "a reduction in staffing levels that will sadly affect 1,300 people or approximately 12% of employees, across the GoTo group." Previous reports by local and foreign media said that GoTo, which went public on the Indonesia Stock Exchange in April 2022, was planning to cut 10% of its total workforce amid economic headwinds.

"We’ve built a platform for cooperation that can truly transform Indonesia’s power sector from coal to renewables and support significant economic growth," U.S. Special Envoy on Climate Change John Kerry said. EARLIER, LOWER PEAKThe Treasury official said that the peak power emissions for Indonesia in 2030 under the plan would be at a level 25% lower than their currently estimated peak in 2037. Indonesia's annual emissions reduction over those years would be larger than Britain's annual power sector emissions, the official said. U.S., JAPAN LEADThe United States and Japan are co-leading the effort with Indonesia on behalf of the other G7 democracies Britain, Canada, France, Germany Italy, as well as partners Norway, Denmark and the European Union. On Monday, Japan announced it would help Indonesia transition away from coal power through public and private institutions, including the state-affiliated Japan Bank for International Cooperation (JBIC).

☆ Indonesia to extend gas supply contract with Singapore by five years - minister
▼ + stars: | 2022-10-28 | by ( Bernadette Christina | ) www.reuters.com time to read: +1 min

Indonesian Energy and Mineral Resources Minister Arifin Tasrif speaks at the Sydney Energy Forum in Sydney, Australia July 12, 2022. Brook Mitchell/Pool via REUTERS/File PhotoJAKARTA (Reuters) - Indonesia will extend its gas supply contract with Singapore by five years, Energy Minister Arifin Tasrif told reporters on Friday, but the distribution volume is expected to be lower. The current contract for piped natural gas via the Grissik-Batam-Singapore Pipeline is due to expire next year. Tasrif told Reuters last week that the new contract might be signed as early as next week. Under the new contract Indonesia will likely supply a lower volume of gas to Singapore.

☆ World’s best spicy foods: 20 dishes to try
▼ + stars: | 2022-10-27 | by ( Terry Ward | ) edition.cnn.com time to read: +17 min

When it comes to the world’s best spicy dishes, we have some of the world’s hottest peppers to thank, along with incredible layers of flavor and a long, spice-loving human history. Peppers – a headliner for heat – are rated on the Scoville Heat Units scale, which measures capsaicin and other active components of chile peppers. And it’s the perky red pepper of the same name that brings the spiciness to this complex, layered and delicious dish. “The peperoncino (red chile pepper) is what makes this sauce ‘angry’ (arrabbiata) or spicy,” Chris MacLean of Italy-based Open Tuesday Wines said via email. FomaA/Adobe StockThe fiery Ethiopian spice blend called berbere – aromatic with chile peppers, basil, cardamom, garlic and ginger – is instrumental to the flavor chorus that’s doro wat, Ethiopia’s much-loved spicy chicken stew.

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☆ Indonesia’s Battery Success Runs on China and Coal
▼ + stars: | 2022-10-20 | by ( Megha Mandavia | ) www.wsj.com time to read: 1 min

More than half of the world’s nickel is produced with coal-fueled energy, such as from this plant in China’s northwestern Gansu province. Indonesia’s ambition to move up the battery and electric vehicle supply chain is coming together, but it largely has China to thank—and is powered by dirty coal. That may cause headaches for Western governments eager to simultaneously decarbonize and shift the battery supply chain out from under Beijing’s thumb. Indonesia, the world’s largest nickel supplier, accounts for 32% of global nickel mining capacity, according to Norwegian consulting firm Rystad Energy. By banning raw nickel exports in 2020, Indonesia has also spurred investment downstream by foreign companies in nickel processing and battery production.

☆ We're adding 1.1 million jobs, says Indonesian tourism minister
▼ + stars: | 2022-10-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're adding 1.1 million jobs, says Indonesian tourism ministerSandiaga Uno, Indonesia’s minister of tourism and creative economy, says the country "needs to put back all the jobs that we lost in the last two years."

The WHO suspects that four of the syrups made by Maiden Pharmaceuticals Limited – Promethazine Oral Solution, Kofexmalin Baby Cough Syrup, Makoff Baby Cough Syrup and Magrip N Cold Syrup – have “unacceptable amounts” of chemicals that can damage the brain, lungs, liver and kidneys of those who take them. The deaths confounded medics until a pattern emerged: dozens of patients younger than five had fallen ill three to five days after taking a locally sold syrup made by Maiden Pharmaceuticals. CNN has reached out to Maiden Pharmaceuticals Limited, but has not yet heard back. All of the children had consumed Maiden Pharmaceuticals’ cough syrups, authorities added. One official told Reuters that the total number of deaths nationwide was “still being determined.”Indonesia’s Food and Drug Monitoring Agency said this week that the cough syrups had not been registered in the country.

☆ Indonesian president to order stress test for economy amid global uncertainty
▼ + stars: | 2022-10-12 | by ( Reuters Staff | ) www.reuters.com time to read: +2 min

FILE PHOTO: Indonesian President Joko Widodo attends a joint news conference with Russian President Vladimir Putin following their meeting in Moscow, Russia June 30, 2022. Alexander Zemlianichenko/Pool via REUTERS/File PhotoJAKARTA (Reuters) - Indonesian President Joko Widodo said he will order his administration to run a stress test to determine whether Southeast Asia’s largest economy could withstand significant economic shocks amid fears of a global recession. “The global economic situation, geopolitics have been very troubling,” Jokowi, as the president is popularly known, said, emphasising that there was a high degree of uncertainty and market volatility. Jokowi ordered his cabinet to devise plans for different scenarios to anticipate a worsening global economic outlook. Indonesia’s economic growth picked up to 5.44% in the second quarter due to the export boom and the easing of COVID-19 restrictions.

☆ Boeing pays $200 million to settle SEC charges over 737 Max safety claims
▼ + stars: | 2022-09-23 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

Boeing Co. will pay $200 million to settle charges that the company and its former CEO misled investors about the safety of its 737 Max after two of the airliners crashed, killing 346 people. Neither Boeing nor Muilenburg admitted wrongdoing, but they offered to settle and pay penalties, including $1 million to be paid by Muilenburg, who was ousted in December 2019, nine months after the second crash. The SEC said Boeing and Muilenburg knew that the flight system, known as MCAS, posed a safety issue but promised the public that the plane was safe. “Boeing and Muilenburg put profits over people by misleading investors about the safety of the 737 Max all in an effort to rehabilitate Boeing’s image” after the crashes, said Gurbir Grewal, director of the SEC’s enforcement division. Boeing said it has made “broad and deep changes across our company in response to those accidents” to improve safety and quality.

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