Commemorating International MSMEs day, Navin Jain, President Director of PT Mastercard Indonesia, spoke to The Jakarta Post on Mastercard’s insights regarding MSMEs in Indonesia, the challenges they face and how Mastercard plans to empower these local businesses.

Shares in European banks got pummeled again on Wednesday, as Credit Suisse plunged to fresh record lows after the lender's biggest shareholder said it could not raise its 10 percent stake citing regulatory issues.

The dollar rose 0.4 percent to 134.72 yen, even as wage talks delivered the biggest pay increases in a quarter century which are likely to pressure monetary policy settings in Japan.

Asian markets bounced Wednesday as concerns about contagion from the collapse of two US regional lenders eased while investors turned their attention back to next week's Federal Reserve interest rate decision.

Asia's share markets slid on Tuesday, with financial stocks in Tokyo leading losses as fear of a US banking crisis had investors fleeing the sector and slashing the interest rate outlook even ahead of US inflation data due later in the day.

US stock futures rallied in Asian trade on Monday as authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SVB), while investors wagered a rate hike this month was no longer a certainty.

US authorities unveiled sweeping measures Sunday to rescue depositors' money in full from failed Silicon Valley Bank and to promise other institutions help in meeting customers' needs, as they announced a second tech-friendly bank had been closed by regulators.

The world's biggest banks took a stock market beating on Friday as signs of trouble at a US regional lender sparked concerns over the wider sector.

Asian markets sank again Friday following a rout on Wall Street as signs of trouble at a regional US lender sparked concerns about the wider sector as the Federal Reserve ramps up interest rates.

Asian traders shifted cautiously Thursday ahead of key US jobs data at the end of the week, after Federal Reserve boss Jerome Powell warned it could ramp up its pace of interest rate hikes if the economy shows no sign of slowing.

Indonesia’s currency is not out of the woods yet as the US Federal Reserve signals a further increase in its key interest rate.

The dollar scaled multi-month highs against most other major currencies on Wednesday after Federal Reserve Chair Jerome Powell warned that US interest rates might need to go up even faster and higher than expected to rein in stubborn inflation.

Asian stocks pulled back on Tuesday as weak trade data weighed on Chinese stocks while investors awaited Federal Reserve Chair Jerome Powell's testimony later in the day for clues on the central bank's next move on rates.

Asian markets mostly rose on Monday over murmurs that the US Federal Reserve may loosen its monetary tightening but stocks in Hong Kong and China fell after Beijing announced its lowest economic growth target in decades. 

Indonesia may not see house flipping take off to the extent that it has in the United States, an expert has said, but some are already turning a quick profit.

Asian markets on Friday tracked a Wall Street rally after a top Federal Reserve official said he would back a small interest-rate hike at its next meeting but hinted at a possible summer pause to see how tighter policy has impacted inflation.

As the world’s biggest palm oil exporter, Indonesia wants to establish its own benchmark crude palm oil (CPO) price by the end of this year to cut its reliance on the Malaysian derivative exchange. 

JP Morgan expects the electric vehicle (EV) industry and its supply chain to buoy Indonesia's equity market.

A rally in Asian shares sputtered on Thursday, pressured by a pullback in Chinese stocks and higher US yields amid fears the Federal Reserve will keep raising interest rates to combat sticky inflation.

Asian stocks rebounded from a two-month low on Wednesday as data showing China's manufacturing activity in February expanded at the fastest pace in more than a decade cheered investors, offsetting fears over rising interest rates.

Asian equities weakened on Tuesday and were set for their worst monthly performance since September as investors adjusted to expectations that US interest rates will stay higher for longer.

Electric motorcycle sales almost tripled from 2021 to 2022, but even with the significant improvement, only a fraction of Indonesia's conventional motorcycles could be replaced by electric ones over the coming years, analysts say.

Asian markets were mixed Friday, with traders still occupied by long-running interest rate worries, though Tokyo rallied after the man tipped as Japan's next central bank head made the case for keeping its ultra-loose policy.

The German economy ministry is seeking to crack down on the export to third countries of goods that fall under European Union sanctions imposed on Russia over its war in Ukraine, according to a ministry document seen by Reuters on Thursday.

Asian stock markets were pinned near seven-week lows on Thursday while the dollar stood at multi-week peaks, as a run of strong economic data had investors worrying interest rates will need to keep rising and stay high to put the brakes on inflation.

Asian markets sank Wednesday following hefty losses on Wall Street as still-strong economic data fanned expectations that US interest rates will go higher and stay there longer than expected.

Asian markets sank Wednesday following hefty losses on Wall Street as still-strong economic data fanned expectations that US interest rates will go higher and stay there longer than expected.