Indonesia to Send Finance, Economy Ministers to US Trade Talks
Indonesia will send a team including veteran Finance Minister Sri Mulyani Indrawati to Washington D.C. for trade talks next week, part of the Southeast Asian nation's initial response to being among the hardest hit economies globally by higher US tariffs.
Indrawati will join a delegation led by Coordinating Economic Minister Airlangga Hartarto to convey Indonesia's stance to US officials, according to a presidential palace statement late Monday. The team will also include Foreign Minister Sugiono.
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Waste Management Market to Attain Astonishing Valuation of US$ 2.30 Trillion By 2033
Waste management market is dynamic, shaped by urbanization, technology, and regulations. Generating 2.5 billion tons of waste yearly, it tackles challenges with AI, circular models, and collaboration for sustainability. Chicago, June 09, 2025 (GLOBE NEWSWIRE) -- The global waste management market was valued at US$ 1.20 trillion in 2024 and is expected to reach US$ 2.30 trillion by 2033, growing at a CAGR of 6.72% during the forecast period 2025–2033. The waste management market is under immense strain in 2024 due to rapid urban expansion. According to the United Nations, over 4.4 billion people reside in urban areas globally, generating approximately 2.24 billion tons of municipal solid waste annually as reported by the World Bank in recent 2024 updates. Cities like Dhaka, Bangladesh, and Manila, Philippines, face severe landfill overflow, with daily waste collection falling short by over 1.5 million tons collectively in these regions. This surge, driven by consumerism and packaging, particularly plastics, clogs urban infrastructure and pollutes ecosystems, demanding urgent scalable solutions. Request Sample Pages: Moreover, inadequate funding exacerbates urban waste challenges. A 2024 World Bank study reveals that over 90 countries still rely on open dumping, with Southeast Asian municipalities managing only 1.2 million tons of waste daily against a generation of 2 million tons. However, cities like Singapore are setting benchmarks, handling over 7,000 tons daily through smart waste bins and automated systems since 2023. These innovations reduce collection inefficiencies by optimizing routes, yet adoption remains limited in resource-constrained areas. Bridging this gap in the waste management market requires global investment and localized strategies to manage urban waste effectively, ensuring public health and environmental safety are prioritized in densely populated regions. Key Findings in Waste Management Market Market Forecast (2033) US$ 2.30 Trillion CAGR 6.72% Largest Region (2024) Asia Pacific (59.14%) By Waste Type Municipal Waste (32%) By Service Type Collection (43%) Top Drivers Rising urbanization increases waste generation, demanding efficient management solutions. Stringent government regulations enforce sustainable waste handling and recycling practices. Technological advancements drive adoption of smart waste management systems globally. Top Trends Growing use of waste-to-energy plants for sustainable power generation. Increased focus on e-waste recycling due to shorter device lifespans. Smart waste technologies like IoT optimize collection and reduce costs. Top Challenges Inadequate infrastructure for waste collection hampers effective management systems. High operational costs challenge sustainable waste management in low-income regions. Improper e-waste disposal poses environmental and health risks globally. Circular Economy Fuels Progress of the Waste Management Market In the waste management market, the circular economy is a driving force for innovation in 2024. This model focuses on reducing, reusing, and recycling, with the European Union targeting to recycle 2.5 million tons of municipal waste annually by 2030, as per 2024 EU Commission reports. Germany leads with over 1.8 million tons recycled yearly through advanced material recovery facilities. Corporate giants like Unilever are also contributing, repurposing over 500,000 tons of packaging waste into sustainable materials since early 2023, illustrating how business models are aligning with circular principles. Furthermore, technological advancements are bolstering circular efforts. In 2024, US-based startups like Amp Robotics sort over 200,000 tons of recyclables annually using AI, achieving precision unattainable by manual labor. Japan's cultural initiatives, such as the "Mottainai" campaign, have reduced household waste by 150,000 tons yearly through public engagement. Yet, challenges like high setup costs—often exceeding US$10 million per facility—and inconsistent regulations hinder progress, especially in developing nations where infrastructure handles less than 500,000 tons annually. Overcoming these barriers in the waste management market demands collaborative funding and policy alignment to scale circular economy practices, ensuring waste transforms into a valuable resource globally. Rapidly Advancing Technology Redefines Waste Handling The waste management market is experiencing a technological overhaul in 2024, enhancing efficiency and sustainability. IoT-powered smart waste systems in Dubai manage over 3,000 tons of waste daily, with sensors optimizing collection routes and cutting fuel use by 1.2 million liters annually, according to 2024 city reports. 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As tech integration accelerates, it promises to revolutionize waste handling, provided scalability and affordability are prioritized to meet global demand effectively. Regulatory Shifts Drive Change to Define Market Growth Momentum In the waste management market, regulatory frameworks are pivotal in 2024, shaping industry practices. The EU's Single-Use Plastics Directive, fully enforced by 2023, has reduced plastic waste by 800,000 tons annually across member states, per 2024 EU reports. China's expanded waste import ban in 2024 impacts over 1 million tons of global recycling flows, pushing nations like the US to process 600,000 tons more domestically. These policies highlight a global shift toward accountability, addressing the 2.3 billion tons of waste generated yearly, as noted by the World Bank. Beyond restrictions, incentives are catalyzing progress. Australia's 2024 extended producer responsibility (EPR) schemes hold manufacturers accountable for 400,000 tons of end-of-life products yearly, a model adopted by over 30 countries, per OECD 2024 data. Enforcement varies, with Sweden managing 1.1 million tons under strict compliance, while developing nations struggle, handling less than 200,000 tons formally. Rwanda's plastic bag ban since 2019 has cut 50,000 tons of waste annually through local innovation. Harmonizing standards in the waste management market remains challenging, yet policy-driven change is essential to curb environmental degradation, requiring global cooperation to ensure consistent, impactful implementation across diverse economic landscapes. Tackling Plastic Waste Crisis to Remain a Key Challenge The waste management market faces a daunting plastic waste crisis in 2024, with significant environmental implications. The UN Environment Programme reports over 300 million tons of plastic waste generated annually, with 8 million tons entering oceans yearly. Indonesia, a key contributor, manages only 1.5 million tons of its 9 million tons of plastic waste through collection systems, per 2024 national data. Consumer demand drives innovation, with Coca-Cola piloting plant-based bottles, reducing 20,000 tons of traditional plastic use since 2023 across select markets, showcasing industry response. On the ground, solutions are evolving despite hurdles. In 2024, UK firms process 100,000 tons of hard-to-recycle plastics yearly via chemical recycling, though energy costs exceed US$2 million per facility. Kenya's informal waste pickers recover 80,000 tons of plastics annually, yet lack formal support, risking health and inefficiency. Scaling infrastructure in the waste management market is critical, as only 9 million tons of global plastic waste are recycled yearly against 300 million tons produced. Collaborative efforts among governments, industries, and communities are essential to curb pollution, requiring investments in technology and education to manage this pervasive issue threatening ecosystems worldwide. E-Waste Management Becoming Need of an Hour Within the waste management market, e-waste poses a growing challenge in 2024, driven by tech proliferation. The Global E-waste Monitor estimates 62 million tons of discarded electronics in 2023, with 2024 projections reaching 65 million tons. India, a major producer, generates 1.6 million tons yearly, but only 400,000 tons are processed formally, exposing workers to toxins, per 2024 national reports. This underscores the need for structured systems to handle over 500,000 tons of hazardous materials safely and recover valuable resources. Efforts are progressing, though unevenly. The EU's 2024 WEEE Directive mandates collection of 1.2 million tons annually across member states, while Japan's take-back programs recycle 300,000 tons yearly. Conversely, illegal exports to Ghana burden the region with 200,000 tons of unprocessed e-waste annually, creating environmental hazards. Urban mining in Canada extracts 50,000 tons of metals yearly, yet costs exceed US$1 million per operation, limiting scalability. Addressing disparities in the waste management market requires global funding—potentially US$500 million annually—to balance tech advancement with sustainable disposal, ensuring e-waste doesn't overwhelm future generations with unmanageable toxic legacies. Industrial Waste Handling Dynamics are Reshaping the Market The waste management market is witnessing evolving industrial waste trends in 2024, driven by manufacturing demands. The World Bank estimates industries like construction and chemicals generate 1.5 billion tons of waste annually. In the US, 2024 EPA regulations push firms to manage 800,000 tons of hazardous waste yearly through cleaner methods. China's industrial parks pilot zero-waste initiatives, handling 500,000 tons annually with minimal landfill use. These efforts aim to curb contamination from the 300,000 tons of toxic byproducts released yearly, as per global 2024 industrial data. Moreover, industrial symbiosis offers innovative solutions. Denmark's 2024 projects repurpose 200,000 tons of waste—like excess heat—into resources for other firms, enhancing efficiency. Yet, logistical barriers persist, with Brazil struggling to manage 400,000 tons due to illegal dumping from weak enforcement. Waste-to-energy plants convert 150,000 tons of industrial residues into power yearly in Europe, though setup costs reach US$15 million per facility. Scaling such solutions in the waste management market requires tailored incentives and stricter oversight. 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A 2024 Ellen MacArthur Foundation study notes that misinformation affects 1.5 million tons of recyclable waste yearly due to contamination. Canada's city-specific apps guide 3 million residents on disposal, recovering 200,000 tons annually, yet rural areas lack access, managing only 50,000 tons. Leveraging social media and local leaders can bridge this gap in the waste management market, with campaigns reaching over 10 million users globally in 2024. As communities become active stakeholders, their role in reducing waste generation and supporting systemic solutions will be indispensable for a sustainable, inclusive future in waste management worldwide. Waste Management Market Major Players: Casella Waste Systems, Inc. China Everbright International Limited Clean Harbors, Inc. Covanta Holding Corporation DAISEKI CO., LTD Hitachi Zosen Corporation Newater Technology, Inc. Remondis AG & Co. Kg Renewi plc Republic Services, Inc. Veolia Environnement S.A. Waste Connections, Inc. Waste Management Inc. Other Prominent Players Key Market Segmentation: By Waste Type Hazardous Waste E-waste Municipal Waste Plastic Waste Industrial Waste Others By Service Type Collection Open Dumping Incineration/Combustion Landfill Recycling By End User Residential Commercial Industrial By Region North America Europe Asia Pacific Middle East & Africa (MEA) South America Need More Info? Ask Before You Buy: About Astute Analytica Astute Analytica is a global market research and advisory firm providing data-driven insights across industries such as technology, healthcare, chemicals, semiconductors, FMCG, and more. We publish multiple reports daily, equipping businesses with the intelligence they need to navigate market trends, emerging opportunities, competitive landscapes, and technological advancements. With a team of experienced business analysts, economists, and industry experts, we deliver accurate, in-depth, and actionable research tailored to meet the strategic needs of our clients. At Astute Analytica, our clients come first, and we are committed to delivering cost-effective, high-value research solutions that drive success in an evolving marketplace. Contact Us:Astute AnalyticaPhone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World)For Sales Enquiries: sales@ Follow us on: LinkedIn | Twitter | YouTube CONTACT: Contact Us: Astute Analytica Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World) For Sales Enquiries: sales@ Website:
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8 hours ago
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Grab Provides April & May 2025 Trading Update
SINGAPORE--(BUSINESS WIRE)--Grab Holdings Limited (NASDAQ: GRAB) today provided a trading update reporting certain operating metrics for the months of April and May 2025 as follows: Growth in our on-demand GMV and in the number of rides for the months of April and May 2025 remained robust in spite of macroeconomic uncertainties. Our Indonesian business continued to witness sequential growth in both metrics over the months of April and May 2025 as we executed on our focus of driving affordability and expansion in the country to benefit our driver-partners, merchant-partners and customers. For the months of April and May 2025, our business is seeing 19% On-Demand GMV growth as compared to the same period in 2024, consistent with what was shared during our Q1 earnings. Growth in the number of mobility rides continued to outpace GMV growth, with rides for the months of April and May 2025 growing 23% as compared to the same period in 2024, consistent with our user base expansion and Deliveries GMV for the same period growing 20% as compared to the same period in 2024. These improvements are driven by our continued focus on product led growth and affordability initiatives, as we continued to gain strong traction with users demonstrating improving frequency and retention. We will share more details about our overall performance at our upcoming Q2 earnings call which will be announced at a later date. This press release is not an offer to sell or a solicitation of any offer to buy the securities of Grab Holdings Limited (the 'Company') in the United States or elsewhere. The securities may not be offered or sold in the United States without registration or an exemption from registration under the United States Securities Act of 1933, as amended (the 'Securities Act'). Any public offering of securities to be made in the United States will be made by means of a prospectus prepared in accordance with the Securities Act that may be obtained from the Company and that will contain detailed information about the Company and its management, as well as the Company's financial statements. However, the Company does not currently intend to undertake a public offering and sale of the securities in the United States, and the securities have not been registered under the Securities Act. About Grab Grab is a leading superapp in Southeast Asia, operating across the deliveries, mobility and digital financial services sectors. 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Some of these forward-looking statements can be identified by the use of forward-looking words, including 'anticipate,' 'expect,' 'suggest,' 'plan,' 'believe,' 'intend,' 'estimate,' 'target,' 'project,' 'should,' 'could,' 'would,' 'may,' 'will,' 'forecast,' 'annualized run-rate' or other similar expressions. Forward-looking statements are based upon estimates and forecasts and reflect the views, assumptions, expectations, and opinions of Grab, which involve inherent risks and uncertainties, and therefore should not be relied upon as being necessarily indicative of future results. A number of factors, including macro-economic, industry, business, regulatory and other risks, could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to: Grab's ability to grow at the desired rate or scale and its ability to manage its growth; its ability to further develop its business, including new products and services; its ability to attract and retain partners and consumers; its ability to compete effectively in the intensely competitive and constantly changing market; its ability to continue to raise sufficient capital; its ability to reduce net losses and the use of partner and consumer incentives, and to achieve profitability; potential impact of the complex legal and regulatory environment on its business; its ability to protect and maintain its brand and reputation; general economic conditions, in particular as a result of currency exchange fluctuations and inflation; expected growth of markets in which Grab operates or may operate; and its ability to defend any legal or governmental proceedings instituted against it. 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10 hours ago
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China's exports slow as trade war takes toll
Chinese exports grew at a slower pace than expected in May, official figures published Monday showed, hours ahead of expected talks between Beijing and Washington aimed at easing a gruelling trade war. Imports fell more dramatically than expected last month, with weak domestic consumption in the world's number two economy highlighted by data earlier in the day revealing another month of falling prices. The 4.8 percent year-on-year increase in overseas shipments last month was slower than the 8.1 percent growth recorded in April, also falling short of the six percent jump that was forecast in a survey of economists by Bloomberg. It comes as representatives from China and the United States are expected to meet in London on Monday for another round of high-stakes trade talks that markets hope will ease tensions between the economic superpowers. Monday's reading included a 12.7 percent plunge in exports to the United States compared with April, when US President Donald Trump unveiled his eye-watering tariffs on China. May's exports to the United States also represented a year-on-year decline of more than one third -- the steepest slide since early 2020. In contrast, customs data showed shipments to Vietnam increased from the previous month. Those to other Southeast Asian countries including Malaysia, Thailand, Singapore and Indonesia all declined slightly after soaring in April, the figures indicated. "The acceleration of exports to other economies has helped China's exports remain relatively buoyant in the face of the trade war," wrote Lynn Song, chief economist for Greater China at ING, noting that shipments to Southeast Asian nations were up 14.8 percent year-on-year. China's overall imports in May dropped 3.4 percent year-on-year, coming up short of the 0.8 percent decline forecast by the Bloomberg survey. Zhiwei Zhang, president and chief economist at Pinpoint Asset Management, said the trade outlook "remains highly uncertain". He pointed to the impact of "frontloading", when overseas buyers increase shipments ahead of potentially higher tariffs. - Spending slump - Monday's data added to concerns about the Chinese economy, with a report from the National Bureau of Statistics (NBS) showing the consumer price index -- a key measure of inflation -- dropped 0.1 percent year-on-year in May. The reading, which was slightly better than expected but marks the fourth straight month of falling prices, comes as Beijing struggles to boost domestic consumption that has been sluggish since the end of the pandemic. The failure of leaders to kickstart demand threatens their official growth targets and complicates their ability to shield the economy from Trump's tariff blitz. While deflation suggests the cost of goods is falling, it poses a threat to the broader economy as consumers tend to postpone purchases under such conditions in the hope of further reductions. A lack of demand can then force companies to cut production, freeze hiring or lay off workers, while potentially also having to discount existing stock -- dampening profitability even as costs remain the same. - Fresh talks - The London talks will be the second set of formal negotiations between the two since Trump launched his global trade blitz on April 2. They were announced after a phone call last week between Trump and Chinese President Xi Jinping. China and the United States paused sky-high tariffs after the first round in Geneva in mid-May but failed to reach a sweeping trade deal. Zichun Huang, China economist at Capital Economics, said Beijing's export growth was expected to "slow further by year-end" with tariffs "likely to remain elevated". A key issue in Monday's negotiations will be Beijing's shipments of rare earths that are crucial to a range of goods, including electric vehicle batteries, and which have been a bone of contention for some time. Customs figures on Monday showed Chinese exports of rare earth minerals rose last month to 5,865 tonnes from 4,785 tonnes in April. But last month's figure still represented a decline from May last year, when China exported 6,217 tonnes of rare earths. pfc/oho/rsc
