Garuda Set to Replace Head of Low Cost Unit in Push for Recovery
Darsito Hendro Seputro, a former executive at Thai Lion Air, is a leading candidate for the role, according to people familiar with the matter, who asked not to be identified because they're not authorized to speak publicly. He would take over the position currently held by Dewa Kadek Rai, who has worked at Garuda since the early 1990s and was appointed Citilink chief executive officer in 2022.
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Trump's tariff plan seems to be working — proving all the naysayers wrong
For all the 'sky-is-falling' cries over President Donald Trump's tariffs, it looks like his strategy may be working — just as his Aug. 1 deadline nears. In the past week, the Trump folks struck deals with Japan, Indonesia and the Philippines — and may be on the verge of a deal with Europe: On Friday, the prez cited a 50-50 chance of reaching an agreement with the European Union. These developments — on top of previous deals with Vietnam, the United Kingdom and a framework on rare-earth exports and tech restrictions with China — go a long way toward standing up Trump's vision for the international economy, with better terms for America. And at least so far, no catastrophic fallout. Heck, the nation looks poised to benefit enormously on several fronts. Trump's deals in Asia, for starters, reopen US access to cheap markets, sidestepping China, our greatest economic and military rival. Indonesia and the Philippines will pay 19% tariffs on their exports to the United States and levy 0% tariffs on more than 99% of US goods. Japan will see 15% tariffs and invest more than half a trillion dollars into the US economy. Washington will also slap fewer restrictions on Indonesian, Filipino and Japanese goods, everything from cars and clothes to electronics and rubber. And now EU officials are signaling their support for a deal that would mirror the one Trump made with Japan — reciprocal tariffs of 15%. Notably, the EU includes 27 countries in a shared common market, representing the largest singular trading bloc for the United States. The EU deal would clearly benefit US consumers looking to buy, say, French wines or German cars, and also US producers seeking wider access to the European markets. Keep up with today's most important news Stay up on the very latest with Evening Update. Thanks for signing up! Enter your email address Please provide a valid email address. By clicking above you agree to the Terms of Use and Privacy Policy. Never miss a story. Check out more newsletters Meanwhile, the resolution of trade issues with so many countries will calm markets and bring confidence and stability to the business community. As for the predicted inflation, it's nowhere to be seen: June's consumer price index came in at a reasonable 2.7%. Recall it hit 9% under Joe Biden. That's partially because corporations, unsure of whether high tariffs will remain permanent and nervous about hiking prices, have absorbed most of the tariffs' costs, at least for now. More good news: The tariffs brought in $64 billion in revenue for the government in just the first three months since Trump's April 2 'Liberation Day' announcement. He's suggested issuing 'rebates' based on that haul, but far better to use the new revenue to pay down the runaway national debt. Yes, there's plenty more to do: Team Trump needs to finalize agreements with Canada, India and Mexico, along with the EU, and numerous smaller countries, before the president's across-the-board reciprocal tariffs hit Aug. 1. So considerable uncertainty remains. But clearly the signs are good, at least so far — despite all the doomy predictions.
CNET
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Learn 14 Babbel Languages for Just $159 With This StackSocial Lifetime Access Offer
If you're traveling internationally this summer, now is definitely the time to start brushing up on your language skills. But learning a language can take more time than most of us have, especially if you're starting from scratch. But technology has the answer! Whether you're looking to learn French, Italian or Portuguese, a Babbel subscription can definitely help. Thankfully, StackSocial has a limited-time offer for the language learning platform right now. Act soon and you can get a lifetime subscription to Babbel for only $130 when you apply the coupon code LEARN. That'll save you 60% off the usual asking price, and it's the kind of deal that you definitely don't want to sleep on. Unfortunately, this kind of deal doesn't normally stick around for long. Babbel's extensive language software includes French, German, Indonesian, Italian, Portuguese, Russian, Spanish and Swedish. Lessons are short so you won't find yourself overwhelmed with information. Skill levels range from beginner to advanced and the content is self-paced. And it's right at your fingertips, perfect for any busy person. Hey, did you know? CNET Deals texts are free, easy and save you money. Babbel's speech recognition software offers instant feedback so you know what you're doing right and where things can be improved and personalized review sessions help reinforce what you've already learned. The Babbel app works on phones and computers and while you do need an internet connection to get the most out of it, an offline mode provides access to key features if you download them ahead of time. Why this deal matters A lifetime subscription is always a good way to avoid adding another monthly fee to your growing collection and it removes the pressure of putting a restrictive timeline on your learning. Plus, buying lifetime access directly from Babbel would normally cost $599. Even with the current promotion, this StackSocial deal beats the price by a long shot. Just make sure to order your subscription before this deal ends tonight and remember that you have only 30 days after your purchase to redeem the subscription. Note: Although this is advertised as a lifetime subscription, there are no guarantees that purchases will be supported for life. As we've seen in the past, a change of ownership, a service shutting down or some other unforeseen circumstance may result in your lifetime subscription ending sooner than anticipated.
Associated Press
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VinFast joins the Association of Indonesia Automotive Industries
JAKARTA, INDONESIA - Media OutReach Newswire - 25 July 2025 - VinFast officially announced its membership in the Association of Indonesia Automotive Industries (GAIKINDO), marking a significant milestone in its journey to strengthen its position in the local market and demonstrate its long-term commitment to accompanying Indonesia on its path toward greener mobility. GAIKINDO membership provides VinFast with the opportunity to accelerate electric vehicle (EV) adoption, get closer to local consumers, and contribute to the sustainable growth of Indonesia's automotive industry. VinFast unveils the VF 7 at the GAIKINDO Indonesia International Auto Show 2025, attracting significant attention from the media and visitors alike. Founded in 1969, GAIKINDO has served as an important bridge between automotive businesses and the Indonesian government. Amid the global shift toward environmentally friendly transportation, GAIKINDO is actively promoting the development of the 'green vehicle' manufacturing sector. Becoming a member offers VinFast a valuable opportunity to take part in shaping policies and contribute to the long-term growth of the automotive industry. Since entering the Indonesian market, VinFast has been accelerating the development of its 'For a Green Future' EV ecosystem through its modern assembly plant project in Subang, strategic partnerships with Green SM, Indonesia's pioneering all-electric taxi service, and V-GREEN, a global EV charging infrastructure developer, supporting the growth of Indonesia's EV industry. In just over a year, VinFast has launched a diverse lineup of five electric vehicles, from the mini-SUV VF 3 to the C-SUV VF 7, meeting a wide range of consumer needs. The company continues to expand its business network, now with 24 showrooms across Jakarta, Bandung, Surabaya, and Bali, alongside an authorized service network operated by Otoklix and BOS, expected to grow to hundreds of locations nationwide this year. VinFast also offers attractive sales programs, including free charging via V-GREEN's network, 0% interest financing, and a guaranteed buyback value of up to 90%, making its EVs more accessible to customers. Mr. Kariyanto Hardjosoemarto, CEO of VinFast Indonesia, shared: 'Becoming a GAIKINDO member is a milestone of special significance for us. This not only represents recognition of VinFast but also reaffirms our long-term commitment to building a sustainable electric mobility ecosystem here. As a GAIKINDO member, VinFast will actively collaborate with industry partners, regulators, and stakeholders to drive the green transition and support Indonesia in realizing its sustainable transportation goals.' Mr. Yohanes Nangoi – Chairman of GAIKINDO, stated: 'GAIKINDO warmly welcomes VinFast - a pioneering EV brand from Vietnam - as the newest member of the association. VinFast's participation will bring fresh energy to Indonesia's automotive industry, accelerating the transition to cleaner and more sustainable mobility solutions. We look forward to VinFast's positive contributions to expanding EV infrastructure and promoting wider EV adoption in Indonesia.'./. Hashtag: #VinFast The issuer is solely responsible for the content of this announcement.
