Indonesia parliament passes Prabowo’s $231 billion budget for 2026

A family-office platform backed by DBS has reached an impressive $780 million in assets, with plans to double this figure by the end of 2026. This growth highlights the increasing interest in family offices as a viable investment strategy, providing tailored financial services to wealthy families. The expansion not only signifies confidence in the market but also reflects the evolving landscape of wealth management, making it a significant development for investors and financial institutions alike.

The recent trade deal between the EU and Indonesia marks a significant step forward after years of negotiations. Indonesia's commitment to gradually reduce tariffs on imported cars is a game changer, as it paves the way for increased EU auto exports and investment in electric vehicles. This agreement not only strengthens economic ties but also promotes sustainable transportation solutions, making it a win-win for both parties.

OpenAI has successfully launched a low-cost tier of its ChatGPT service in Indonesia, following a positive reception in India. This move is significant as it expands access to advanced AI technology in emerging markets, allowing more users to benefit from AI-driven tools for education, business, and personal use. The initiative reflects OpenAI's commitment to making AI more accessible and affordable, which could lead to increased innovation and productivity in the region.

PT Merdeka Gold Resources is making waves as it prepares to debut on the Jakarta stock exchange following Indonesia's largest initial public offering of the year. This milestone not only highlights the growing interest in the mining sector but also reflects the country's economic resilience and potential for investment. Investors are keenly watching this development, as it could signal a positive trend for future IPOs in the region.

Flux Power Holdings has announced that its annual meeting for 2026 will take place in December, with a deadline set for proposals. This is an important step for shareholders and stakeholders as it allows them to prepare and submit their proposals ahead of the meeting, ensuring their voices are heard in the company's future direction.

According to a recent Reuters poll, economists predict that the Swiss National Bank (SNB) will maintain its zero interest rate policy until at least 2026. This decision reflects the central bank's cautious approach to economic recovery and inflation control. Keeping rates at zero is significant as it aims to support growth while navigating global economic uncertainties.

The easing of tariffs is not expected to occur until after Trump's visit to China in early 2026. This timeline is significant as it highlights the ongoing complexities in U.S.-China trade relations, which have been a focal point for both economies. Understanding when these tariffs might be lifted can help businesses and investors plan for the future, as tariffs impact pricing and market dynamics.

Crown Holdings has announced a plan to offer €500 million in notes to redeem its senior notes due in 2026. This move is significant as it reflects the company's strategy to manage its debt effectively and optimize its financial structure. By refinancing its obligations, Crown Holdings aims to strengthen its balance sheet and potentially lower interest expenses, which could benefit its long-term financial health.

The UK pound is encountering significant challenges as the country approaches the November Budget. This situation is crucial because fluctuations in the pound can impact the economy, affecting everything from inflation rates to consumer spending. As the government prepares to unveil its financial plans, the strength of the pound will be closely monitored by investors and economists alike, making it a pivotal moment for the UK's economic outlook.

Indonesia's stock market closed lower today, with the IDX Composite Index dropping by 0.42%. This decline reflects ongoing concerns among investors about economic stability and market performance, which could impact future investments and economic growth in the region.

UBS has maintained its EUR/GBP forecast at 0.8800, highlighting potential risks associated with the UK's budget. This decision reflects the bank's cautious outlook on the UK's economic situation, which could impact currency exchange rates. Investors and businesses should pay attention to these forecasts as they can influence trading strategies and economic planning.

Indonesia's budget deficit for the first eight months of the year stands at 1.35% of its GDP, according to recent data from the finance ministry. This figure is significant as it reflects the government's fiscal health and its ability to manage economic challenges. Monitoring the budget deficit is crucial for understanding the country's economic stability and planning for future growth.

A family-office platform backed by DBS has reached an impressive $780 million in assets, with plans to double this figure by the end of 2026. This growth highlights the increasing interest in family offices as a viable investment strategy, providing tailored financial services to wealthy families. The expansion not only signifies confidence in the market but also reflects the evolving landscape of wealth management, making it a significant development for investors and financial institutions alike.

If you're dreaming of a getaway to Tahiti but worried about the costs, you're in luck! This article shares practical tips on how to enjoy the stunning beauty of Tahiti without breaking the bank. From finding affordable accommodations to exploring local cuisine and attractions, these insights can help you plan a memorable vacation that fits your budget. It's a great reminder that paradise doesn't have to come with a hefty price tag.

The recent trade deal between the EU and Indonesia marks a significant step forward after years of negotiations. Indonesia's commitment to gradually reduce tariffs on imported cars is a game changer, as it paves the way for increased EU auto exports and investment in electric vehicles. This agreement not only strengthens economic ties but also promotes sustainable transportation solutions, making it a win-win for both parties.

Goldman Sachs has raised its stock price target for Suzuki Motor, highlighting the company's growth potential in India. This adjustment reflects the increasing demand for Suzuki vehicles in the Indian market, which is expected to drive significant revenue growth. Investors should take note of this positive outlook as it indicates confidence in Suzuki's ability to capitalize on the expanding automotive sector in one of the world's largest markets.

Goldman Sachs has upgraded Maruti Suzuki's stock to a 'Buy' rating, citing a revival in the entry-level car segment. This is significant as it reflects confidence in the automotive market's recovery and could lead to increased investor interest in Maruti Suzuki, a key player in the Indian car industry. The upgrade suggests that analysts believe the company's prospects are improving, which may positively impact its stock performance.

Asian stocks are experiencing a significant boost, largely driven by the ongoing excitement surrounding artificial intelligence advancements. This surge reflects growing investor confidence in tech-driven growth, while gold prices have also reached new heights, indicating a strong demand for safe-haven assets amid global uncertainties. This trend is crucial as it highlights the shifting dynamics in investment strategies, with many turning to innovative technologies and traditional commodities for stability.