JAKARTA: Indonesia’s annual inflation rate quickened to 3.08 per cent in May from 2.42 per cent the previous month, data showed on Tuesday, lifted closer to the top end of the central bank’s target range by rising prices of food and transport.The figure was slightly higher than economists’ median forecast of 2.97 per cent in a Reuters poll. Bank Indonesia targets inflation within a range of 1.5 per cent to 3.5 per cent.Core inflation was 2.59 per cent in May, also slightly higher than the poll forecast of 2.52 per cent.Bank Indonesia raised interest rates by a bigger-than-expected 50 basis…
Author: Isla
Business World Philippines | June 02, 2026 KALAYAAN 2026, billed as the Middle East’s largest Philippine Independence Day celebration, is scheduled to take place on June 7 at Dubai World Trade Centre Halls 1 & 2. – Organized by Emirates Loves Philippines, Infinite Communities, and The Filipino Channel, with the support of D&R Elegant Events and Urban Grid Group with VivaOne, the event continues to grow as one of the UAE Filipino community’s most anticipated annual celebrations. This story is from the June 02, 2026 edition of Business World Philippines. Subscribe to Magzter GOLD to access thousands of curated premium…
The Model Y range in India starts with the Premium Rear-Wheel Drive configuration, which Tesla originally launched at 5.989 million rupees (approx. 54,100 euros) in July 2025. Ahead of the brand’s first anniversary in the country, the company has reduced the price by 15 per cent to 5.089 million rupees (approx. 46,000 euros). It has also replaced the 15.4-inch touchscreen infotainment system with a 16-inch unit.Following the price cut, Tesla is now directly challenging BMW’s iX1 LWB in India, priced from 5.140 million rupees (approx. 46,400 euros). The latter, assembled locally from imported knocked-down kits, was the best-selling electric luxury…
The government plans to build 150,000 new homes in the Greater Cambridge area by 2050. Elliot Tong, a Green representative on Cambridge City Council, said: “Homes should be for people, not investment portfolios. “The problem isn’t where a buyer comes from, it’s property speculators pricing out working families.”Asked if selling to foreign buyers would price out locals, Yu said: “We do understand there is a shortage in terms of supply but I mean properties are on the market for some time. “There are opportunities for any buyer, whether local or overseas, to buy so I personally I don’t think prices…
KUALA LUMPUR, June 2 — Malaysia is reviewing several missile manufacturers as alternatives after it failed to secure deliveries of the Naval Strike Missile (NSM) following Norway’s cancellation of the export licence for the weapons system.According to Berita Harian, Defence Minister Datuk Seri Mohamed Khaled Nordin said companies under consideration include those from Italy, France, Turkiye, South Korea, the United States and Japan.He said the government would first assess availability to avoid long delivery delays, noting that new orders could take up to four or five years to be completed.“These missiles need to be ordered in advance, but the issue…
Jockey Zac Purton, rider of Ka Ying Rising, celebrates winning The Everest 2025 race at the Royal Randwick racecourse in Sydney on October 18, 2025. (Photo: AFP) June 2, 2026 HONG KONG, China (AFP) — Zac Purton became the first jockey to ride 2,000 winners in Hong Kong when he guided Rising World to victory at the city’s Sha Tin Racecourse on Sunday. The 43-year-old Australian reached the milestone by holding off Almighty Warrior by a short head in the opening race of the day. Purton first rode in Hong Kong as a…
China top seeds exact revenge against Jimmy-Su Yin in Jakarta | New Straits Times ; Source link
Valuation Metrics: A Closer Look ACGL’s current P/E ratio stands at 16.63, a figure that signals a moderate premium relative to its historical valuation but remains reasonable when benchmarked against sector peers. The price-to-book value ratio is 4.32, indicating that the market values the company at over four times its net asset value. While this may appear elevated, it is consistent with the company’s strong return on equity (ROE) of 25.96% and return on capital employed (ROCE) of 23.99%, both of which underscore efficient capital utilisation and profitability. Enterprise value to EBITDA (EV/EBITDA) is recorded at 13.89, suggesting that the…
Rethink AI project Bangkok Post Source link
Anadolu staff02 June 2026•Update: 02 June 2026Typhoon Jangmi moved north toward Japan’s southern main island of Kyushu on Tuesday, after bringing strong winds and rough weather to Okinawa, where four people were injured, according to Japanese authorities.The injuries, reported in Okinawa province on Monday, were caused by falls and other weather-related incidents as the typhoon swept through the region, according to Kyodo News, citing local officials.The storm also disrupted transportation, prompting major airlines to cancel several flights from Okinawa and Amami-Oshima Island in Kagoshima province.Further flight disruptions are expected on Tuesday for routes serving Kyushu and the island of Shikoku.As…