Tencent Cloud plans to invest more than $650 million to expand its global infrastructure in the Middle East and South East Asia. The announcement was made at the Tencent Cloud City Summit in Shanghai on March 19. Tencent Cloud will build its first data center in Saudi Arabia with an investment of more than $150 million, said Tang Daosheng, CEO of Tencent Cloud and Smart Industry Group. In addition, Tencent Cloud will invest $500 million to build a third data center in Indonesia.
On February 21, according to foreign media reports, Farid Amir, an official at the Indonesian trade ministry, said on Friday that the Indonesian government has not discussed restricting palm oil exports before Ramadan. Due to concerns about production, including market speculation that Indonesia may impose export restrictions before Ramadan, Malaysian palm oil futures are expected to post a fifth consecutive week of gains. Farid Amir said, "Such bans have not been discussed. I understand that th...
According to Nikkei News: Sources say Apple suppliers are exploring iPhone production in Indonesia.
On February 8, according to Techinasia, Binance's Indonesian cryptocurrency exchange Tokocrypto announced the appointment of Calvin Kizana as the new CEO. It is reported that Tokocrypto will exceed 4 million users in 2024.
According to a report released by the Indonesian Meteorological, Climatological and Geophysical Agency, a magnitude 6.2 earthquake struck the waters near the Aceh Special Administrative Region of Indonesia at 18:03 local time on January 31.
The official news: The Indonesian Palm Oil Fund has resumed disbursement of funds to biodiesel producers and launched a palm tree replanting program.
Official news: Due to the restructuring of the palm oil fund, Indonesia has temporarily frozen financial support for palm tree replanting projects.
The first high-level meeting between the Chinese Coast Guard and the Indonesian Coast Guard was held in Beijing.
Gold Ten Futures, January 8, according to foreign media reports, the Indonesian government said in a new regulation on Wednesday that in order to ensure the supply of domestic edible oil and biodiesel industries, Indonesia will restrict the export of waste edible oil (UCO) and palm oil residue. Indonesia is the world's largest producer and exporter of palm oil, and the move is aimed at helping to achieve a new requirement starting this year that 40% of the palm oil fuel is mixed with diesel, kno...
Jin Ten Futures, January 7, according to foreign media reports, the trade ministry of Indonesia, the world's largest palm oil producer, is considering revising the crude palm oil export ratio to accommodate the implementation of the B40 biodiesel blending project this year. Industry bodies generally expect that with the implementation of the B40 project, Indonesia's biodiesel demand will rise sharply, and domestic supply needs to be adjusted. Indonesia's trade minister said at a press conference...
The Indonesian Ministry of Trade announced that the reference price for crude palm oil was set at $1,059.54 per ton in January 2025, compared with $1,071.67 in December 2024.
Between January and October 2024, the Indonesian cryptocurrency market traded more than $30 billion, a 350% year-on-year increase and the highest total since the 2021 bull market. According to Chainalysis' Global Cryptocurrency Adoption Index, Indonesia and Oceania/Asia continue to be the regions with the highest cryptocurrency adoption rates globally, with seven of the top 10 countries coming from the region.
Indonesian Trade Ministry official: Indonesia set the reference price for crude palm oil in December at $1,071.67 per metric ton, compared with $961.97 previously.