DBS cuts Indonesia’s 2026 economic outlook to 5.1% after growth seen peaking in the first quarter. JAKARTA – DBS Group Research has lowered its forecast for Indonesia’s economic growth to 5.1% in 2026 as momentum is expected to moderate after growth peaked at 5.6% in the first quarter of 2026. Radhika Rao highlighted that economic growth in the first quarter of this year marked the strongest expansion since the third quarter of 2022, generally supported by holiday-related consumption, government spending, and a low-base effect. “The momentum set to moderate as real activity could be dampened by high energy prices and…
Author: Isla
Investing.com — Starbucks Corp () plans to establish a new technology office in India as part of an ongoing corporate strategy to slice $2 billion in expenditures, according to a Bloomberg report citing an internal employee memo. Scheduled to launch in the company’s fiscal year 2027, which begins in October, the facility will mark the coffeehouse chain’s first corporate office in India. Starbucks expects to initiate its recruitment push once a finalized site is selected later this year. The tactical move is designed to insource critical technical roles previously managed by third-party contractors, reversing an outsourcing policy implemented during a prior…
Home » Hong Kong News » Hong Kong and China Drive Asia Travel and Tourism Recovery as Visitor Arrivals Surge and AI-Led Trade Boosts Economic Growth in 2026: What Global Travelers and Businesses Should Watch Next Published on May 16, 2026 Image generated with Ai Hong Kong’s economy is showing renewed strength in 2026 as rising tourist arrivals, expanding AI-linked exports, and stronger consumer demand continue to support one of Asia’s most important financial and travel hubs. The city has retained its full-year economic growth forecast of 2.5 to 3.5 per cent after recording an impressive 5.9 per…
The United Arab Emirates rejected “attempts to justify Iranian terrorist attacks” on Friday after Tehran accused the wealthy Gulf state of playing an active role in the Middle East war. UAE Minister of State Khalifa bin Shaheen Al Marar “affirmed the UAE’s categorical rejection of Iranian claims and attempts to justify Iranian terrorist attacks targeting the UAE” and other nations, a UAE Foreign Ministry statement said. The statement followed Thursday’s BRICS meeting in New Delhi, during which Iran’s Foreign Minister Abbas Araghchi said in a Telegram post: “The UAE is an active partner in this aggression, and there is no…
Malaysian police will investigate claims that fugitive financier Jho Low returned to the country for secret meetings.Inspector-General of Police Mohd Khalid Ismail said the claims that Low, whose full name is Low Taek Jho, had come to Malaysia for meetings had not been verified.“We have not verified whether the claims are true or otherwise,” he told reporters on Saturday. “We will take appropriate action to investigate the matter further.”He was commenting on an article by Sarawak Report exclusive claiming that Low’s plea for a US presidential pardon was filed in January amid extraordinary circumstances, with the Malaysian fraudster playing a…
Editor’s note: This is a developing story and is being updated.Explosions and fires were reported in Russia’s Stavropol and Tatarstan regions overnight on May 16, local media sources reported.In the city of Nevinnomyssk, a chemical plant identified as the Nevinnomyssky Azot facility was reportedly struck, with videos shared by local residents showing a fire at the site.Ukrainian Telegram channel Exilenova Plus published that a blaze broke out at the facility, while residents said they had heard multiple explosions overnight.The plant is a major Russian chemical manufacturer and part of the EuroChem Group, one of the country’s leading producers of nitrogen…
THE Social Security Organisation (SOCSO) has begun enforcing the Workers Gig Act 2025, making it compulsory for digital platform providers to ensure gig workers are registered and contributing under the national social protection scheme. Perlis SOCSO director Ahmad Firdaus Hashim said the law, which came into force on 31 March, also requires service platform operators to integrate their worker data systems with the agency to facilitate monitoring and verification processes. He said the integration mechanism was crucial in ensuring assistance could be delivered quickly and efficiently should workers be involved in accidents or emergencies while carrying out their duties. “From…
NEW DELHI: AAP national convener Arvind Kejriwal described Goa as his “lucky charm,” saying a major legal development in the Delhi excise policy case coincided with his visit to the coastal state.Addressing a gathering in Velim, the former Delhi chief minister targeted the Centre while recalling his six-month imprisonment in connection with the alleged Delhi liquor scam, charges he has repeatedly termed fabricated.His remarks came after Delhi High Court judge Swarna Kanta Sharma recused herself from hearing the excise policy case. Reflecting on his time in prison and the subsequent court battles, Arvind Kejriwal said, “These people levelled grave allegations…
16 May 2026•Update: 16 May 2026Restaurant chains in Japan are scrambling to adjust hiring plans after immigration authorities halted the issuance of key work visas for foreign employees in the food service sector, Kyodo News reported Saturday.The suspension affects applications for the Type I Specified Skilled Worker visa, a program widely used by restaurants and fast-food operators to recruit overseas staff amid worsening labor shortages.Preliminary government data cited by Kyodo said the number of foreign workers in the food service industry under the visa program had climbed to 46,000 by February, nearing the official cap of 50,000 set through fiscal…
HT Media on Friday announced that its subsidiaries have decided to surrender multiple FM radio licences issued by the Ministry of Information and Broadcasting (MIB), citing financial and strategic unviability of the stations.The company said that Next Radio Limited, a subsidiary of HT Media, and HT Music & Entertainment Company Limited, a wholly owned subsidiary of the company, have decided to surrender licences for operating several FM radio stations across major cities.The stations include Radio Nasha in Mumbai, Radio One stations in Delhi, Mumbai and Bengaluru, and Fever FM in Chennai.According to the company, the subsidiaries are in the process…