Latest news with #Indonesia
CTV News
an hour ago
- Business
- CTV News
Battered U.S. dollar a boon for multinational companies
An employee shows U.S. dollar bills at a money changer in Jakarta, Indonesia, Wednesday, July 16, 2025. (AP Photo/Tatan Syuflana) NEW YORK - Large U.S. multinationals should soon start showing the positive effects of the dollar's tumble in recent months, reversing the situation in the past few years when the greenback's strength hurt companies with significant foreign revenue. The Dollar Index, which measures the buck's strength against six major currencies, is down about 10% for the year, due to rapidly changing U.S. trade policy and worries about U.S. growth and government debt. About half of that drop happened since April 2, when U.S. President Donald Trump announced outsized import tariffs against trading partners that started a panic about investing in U.S. assets. For the April-June period, the index, which is heavily weighted toward the euro, averaged 99.74, down 6.5% from the first quarter average, the largest such decline over consecutive quarters in more than 30 years. The effects of the dollar's slide are expected to start showing up in second-quarter earnings season just getting underway. While that dollar's fall reflects investor worries about the U.S. economy's strength, it can help some companies. A weaker U.S. currency makes it cheaper for multinational companies to convert foreign profits into dollars, while also boosting the competitiveness of exporters' products. 'It's an absolutely huge move,' Greg Boutle, head of U.S. equity & derivative strategy at BNP Paribas, said. 'It is going to flatter earnings a little bit this quarter and also feed its way to guidance.' The dollar's impact on overall earnings is usually small, but can grow more meaningful when the currency experiences a large swing. Every 10% drop in the dollar translates into a profit surprise of about 2%, at the S&P 500 level, according to estimates from research and strategy firm Macro Hive. That would be welcomed by investors increasingly worried about the earnings impact of evolving trade and tariff policies. The second-quarter profit reporting season started this week. 'Whatever the beat, miss or forward guidance was going to be without the FX effect will obviously be a little bit better with it,' Boutle said. The dollar's weakness this year, after a 7% rise in 2024, which hurt corporate results last year, took many market watchers by surprise. 'Certainly a lot of companies came into the year assuming a headwind .... That's flipped. That's a positive for earnings,' Patrick Kaser, portfolio manager at Brandywine Global, said. While earnings growth is expected to decelerate from the first quarter, the weaker dollar could help to offset possible tariff effects. Analysts are forecasting second-quarter earnings growth of 5.8% year-over-year compared with 13.7% in the first quarter, LSEG data show. Even in the first quarter, the dollar was a drag on year-over-year S&P 500 earnings growth of about 1%, but now could lift earnings growth by about 0.5% in the second quarter, according to David Lefkowitz, head of U.S. equities at UBS Global Wealth Management. 'If the dollar stays at these levels, the boost on a year-over-year basis will get progressively larger,' Lefkowitz said, estimating the dollar could generate a lift to year-over-year S&P 500 earnings growth by about 1% and 1.5% for the third and fourth quarter respectively. Foreign exposure S&P 500 companies generate about 41% of their revenue from outside the United States, according to FactSet. Companies with major exposure to the Asia-Pacific region are particularly in focus with the euro having appreciated 12% against the buck while the yen is up about 6%. However, not all index constituents are equally affected by the dollar's swings. The information technology sector tops the list with the most international revenue exposure, at about 55%, followed by the materials and communication services sectors, at 52% and 49%, respectively, according to FactSet. For instance, on Tuesday, BMO Capital Markets analyst Brian Pitz lifted his second-quarter revenue growth estimate for Netflix to 17.2% from 16.4%, largely boosted by a weaker dollar. Netflix will report results on Thursday. Investors are divided on the impact of a weaker dollar on stock prices. Some, like UBS's Lefkowitz, believe any benefits are already priced in by Wall Street and will not significantly move markets during earnings reports, but others still anticipate a positive boost. 'A lot of buy-side investors are obviously very acutely aware of this already, but nevertheless, we do think it's not in sell-side consensus numbers,' BNP's Boutle said. 'So we just think it creates a mechanical tailwind for earnings.' Still, analysts cautioned against counting on a big lift to stock prices from earnings beats driven by the weaker dollar. Many companies, including chipmakers, which stand to benefit from a weaker dollar, are also the ones most vulnerable to a hit from tariffs, Macro Hive research analyst Viresh Kanabar said. Investors may also be preoccupied with the potential impacts companies could see from the recent passage of the sweeping tax-cut and spending bill. 'In an environment where nothing else was going on, the move in the dollar would matter,' Brandywine's Kaser said. 'With all these other things going on, I don't think the currency effect is going to be as big as in an environment that maybe is quieter from a macroeconomic and geopolitical side of things.' Reporting by Saqib Iqbal Ahmed; Editing by Alden Bentley and Richard Chang, Reuters
Associated Press
an hour ago
- Business
- Associated Press
PT XSys Solusi Cemerlang Announces Partnership with Solix Technologies Next-Gen Data Management Solutions to Indonesia
INDONESIA, July 16, 2025 / / -- PT XSys Solusi Cemerlang, a leading provider of enterprise IT and cybersecurity solutions in Indonesia, today announced a strategic partnership with Solix Technologies, Inc., a global leader in enterprise data management and archiving solutions. This collaboration aims to deliver cutting-edge information lifecycle management (ILM) and data governance capabilities to enterprises across key industries in Indonesia. Through this partnership, PT XSys Solusi Cemerlang will offer the Solix Common Data Platform (Solix CDP), empowering organizations to achieve compliance, storage optimization, and data-driven innovation. Solix CDP supports structured and unstructured data across various platforms, providing a unified framework for data archiving, application retirement, data lake management, and privacy compliance (including GDPR and local regulations such as PDP Law in Indonesia). 'With the rise of data privacy mandates and the exponential growth of enterprise data, companies in Indonesia are seeking smarter ways to manage their information lifecycle,' said PT XSys Solusi Cemerlang. 'Our collaboration with Solix brings a robust platform to our customers, enabling them to reduce costs, mitigate risks, and unlock more value from their data.' The partnership will focus on delivering Solix solutions to key sectors such as financial services, manufacturing, energy, and public sector, where regulatory compliance, data governance, and system modernization are increasingly mission-critical. Indonesia's digital economy is accelerating rapidly, and with it comes the growing need for intelligent data management strategies,' said Samit Mandal, Regional Vice President – APAC, Solix Technologies, Inc. 'Our partnership with PT XSys Solusi Cemerlang reinforces our commitment to helping Indonesian enterprises not only meet evolving compliance requirements but also drive innovation through better control, visibility, and optimization of their data assets.' 'We are excited to partner with PT XSYS Solusi Cemerlang, a trusted name in Indonesia's IT and security ecosystem,' said Sai Gundavelli, Founder & CEO, Solix Technologies, Inc. 'Together, we aim to help enterprises embrace digital transformation with scalable and compliant data management solutions especially as organizations look to get their data ready for AI.' This collaboration marks a significant milestone in XSys's mission to bring world-class enterprise solutions to Indonesia, while reinforcing Solix's commitment to expanding its global footprint in Asia-Pacific markets. For more information, visit: About PT XSys Solusi Cemerlang PT XSys Solusi Cemerlang is a trusted IT solutions provider in Indonesia, offering advanced products and services in the areas of cybersecurity, cloud computing, enterprise software, and IT operations. XSys partners with global technology leaders to deliver integrated solutions tailored to the needs of enterprise and government clients. About Solix Technologies, Inc. Solix Technologies, Inc. is a leading provider of enterprise data, AI and data fabric solutions and is trusted by Fortune 2000 companies for digital transformation and data-driven operations. The Solix Common Data Platform (CDP) is a cloud native, enterprise data platform for cloud data management applications including Enterprise Data Lake, Enterprise Archiving, Enterprise Security and Compliance and Enterprise AI. Solix is headquartered in Santa Clara, California, and operates worldwide through direct sales and an established network of value-added resellers (VARs) and systems integrators. barry kunst Solix +18884676549 ext. [email protected] Visit us on social media: LinkedIn YouTube Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
SBS Australia
an hour ago
- Health
- SBS Australia
Dementia is not a normal part of ageing …
LISTEN TO SBS Indonesian 16/07/2025 17:33 Indonesian Dr Cely Gultom is a GP and GP specialist in Women's Health. She explained that the first contact to deal with dementia is GP. She reiterated that dementia occurs due the damage of brain cells and therefore it is not true that dementia is a normal part of ageing. And why dementia happens - there are still more to learn about it. - The important message she would like to tell us is that as we age, changes occur to our brain that can affect our memory and thinking. Which is normal. But when we notice changes in our thinking or behaviour or concerned about increasing lapse in our memory, we should see a doctor. Even though there is no single medical test to show if someone has dementia. National Dementia Helpline: 1800 100 500 or Listen to SBS Indonesian every Monday, Wednesday, Friday, and Sunday at 3 pm. Follow us on Facebook and Instagram, and listen to our podcasts .
Yahoo
2 hours ago
- Business
- Yahoo
Striking trade deal with US was an ‘extraordinary struggle,' Indonesia says
President Donald Trump said Tuesday the United States has reached a trade agreement with Indonesia. Getting to that was a grueling process, Indonesia's President Prabowo Subianto said Wednesday. The agreement calls for the US imposing a 19% tariff on Indonesia's exports, a reduction from the 32% Trump briefly imposed on the country in April. After first announcing the agreement on Truth Social, Trump told reporters that Indonesia would not charge any tariffs on American exports. Trump also said Indonesia committed to buying '$15 Billion Dollars in U.S. Energy, $4.5 Billion Dollars in American Agricultural Products, and 50 Boeing Jets, many of them 777's.' Nearly 24 hours after Trump announced the agreement, Indonesia's government confirmed it, saying Subianto had negotiated it directly with Trump over the phone. Jakarta described negotiations as an 'extraordinary struggle.' 'This is an extraordinary struggle by our negotiating team led by the Coordinating Minister for Economic Affairs,' Hasan Nasbi, the Indonesian president's spokesperson, told Reuters. Prabowo is expected to reveal more detail later on Wednesday. In a post on Instagram, the Indonesian president wrote the two sides 'agreed and concluded to take trade relations between Indonesia and the United States into a new era of mutual benefit between our two great nations.' Before departing the White House to speak at a summit in Pittsburgh on Tuesday, Trump said Indonesia is 'known for high-quality copper, which we'll be using.' That may mean that copper from the country could face lower tariffs, or no tariffs, if Trump proceeds with his threat to levy a 50% tax across all copper imports on August 1. While Indonesia shipped $20 million worth of copper to the US last year, according to US Commerce Department data, that's far behind top suppliers Chile and Canada, which sent $6 billion and $4 billion worth of the metal to the US last year. 'No tariffs there; they pay tariffs here. Switching the asymmetry our way,' US Commerce Secretary Howard Lutnick said in a CNBC interview on Tuesday. Trump said India is 'working along the same line' with regard to securing a trade agreement. In April, Trump briefly imposed a 32% tariff on goods from the country before pausing so-called 'reciprocal' tariffs. Countries that were due to face those tariffs have been charged a minimum 10% tariff for the past three months. That's due to end on August 1. 'Great deal, for everybody, just made with Indonesia. I dealt directly with with their highly respected President,' Trump wrote on his social media platform Tuesday morning. 'DETAILS TO FOLLOW!!!' This marks Trump's fourth trade agreement announcement in three months. He had previously promised dozens of deals with US trading partners over that time frame, but that has proven tough to reach. One of the four agreements he previously announced was with Vietnam earlier this month, similarly posting on Truth Social. But the administration has yet to announce any more information on that agreement. Trump's volatile trade policy has paralyzed many businesses. Some fear that new orders they place for products manufactured overseas could be tariffed at dramatically higher rates given Trump can — at the flick of a switch — change rates charged on a country's exports. Trump has said companies can avoid such headaches by moving production to the United States. But it's not so simple in practice: Businesses may not only encounter difficulty finding the right workers, but it could take years — and many millions of dollars — before manufacturing facilities are up and running. Then, once production is moved to the US, costs could increase, leading to higher prices for American consumers. Representatives from the Indonesian government did not immediately respond to CNN's request for comment. Indonesia is America's 23rd top trading partner, US Commerce Department data from last year shows. The United States imported $28 billion worth of merchandise from there last year. Apparel and footwear were the top two goods Americans bought. Meanwhile, the US exported $10 billion worth of goods there last year. Oilseeds and grain as well as oil and gas were the top two exports. CNN's Bryan Mena contributed to this article. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Daily Mail
3 hours ago
- Entertainment
- Daily Mail
Influencers at war over Bali! Molly-Mae's sister Zoe's scathing review of the country divides online critics over whether it is a digital nomad's dream or an 'overcrowded s***hole'
Molly Mae Hague 's sister Zoe Rae came under fire for leaving Bali just 48 hours after she arrived because it 'did not live up to expectations set by other influencers'. After sharing her honest review in a YouTube video, Zoe's followers claimed they were 'surprised' by her reaction because the country is a developing area of the world where many live in poverty. While the five star resorts - like the Radisson Blu Utuwata where Zoe stayed - portray exclusive luxury, a lot of the country does not match up to the flawless social media aesthetic projected by influencers online. Many poked fun at Zoe, 28, for not realising this was the case after she complained that she and her husband Danny had 'missed the mark' when they decided to celebrate their anniversary in Bali. However, others have agreed with the former army medic and said that they were also shocked by the reality of the country - which they described as 'dirty and smelly' - in their own scathing reviews. After a look at the opinions on TikTok, influencers are at odds over their Bali experience, with contrasting reviews both raving over the area and slating the country as a 'terrible' holiday destination. Despite staying in a huge sea view room at the Radisson Blu, a five-star hotel, they decided to leave early and jet to Dubai instead. Zoe explained that Bali looks better on social media than in real life, as influencers make it look luxurious, despite it being a developing country. She claimed that it did not meet their high expectations after being promised 'lovely places to eat, beaches, gyms and coffee shops'. However she insisted that the 'reality' of Bali is not shown online, which she believes is down to influencers sharing a misleading version online. HATE IT One of the online critics who agreed with Zoe and Danny's point of view was fitness and travel influencer Harry - whose Tiktok handle is @resurgent_harry. Harry told his followers he was 'so glad' the couple had voiced their opinion after he travelled the country for two months and 'tried so hard to like it'. In a new clip shared to his page, Harry said: 'I'm so glad Zoe and Danny said what they did. Bali is Dubai for people that can't afford Dubai. 'Went to Bali for two months and I tried so hard to like it. I've known Danny for years and I just felt exactly the same. 'It's for people who want to post fancy pictures and tell everyone how great their life is. But Dubai has created its own infrastructure and it's own ecosystem and lifestyle and everything, and Bali doesn't have that. Also in agreement was @pavlazarou, who claimed he felt too scared to eat and complained about the smell after being 'gaslighted' by Instagram Revealing what he didn't like about Bali, he continued: 'It is completely overcrowded. There's no infrastructure, but somehow it's still quite expensive. It is aesthetic, only is very small pockets. The gyms are amazing but as soon as you leave the gyms, you are being run over by scooters on the pavements. 'You can't go for a run, there is trash everywhere. The beaches are completely covered in trash. The people there are just trying to convince you, themselves and everyone that they're really successful. And then try and convince you to buy their course. 'I'm sorry I never normally say bad things about places online and I've been to a lot of places but Bali was the worst place that I have travelled to. And I went to Ukraine last year.' Also in agreement was @pavlazarou, who claimed he felt too scared to eat and complained about the smell after being 'gaslighted' by Instagram. He said: 'We've spent three days now in Seminyak and three days in Jangu now, it's an unpopular opinion but Bali is a f***ing s*****e. 'Everywhere is dirty, it stinks everywhere. You feel too scared to eat the food. Instagram and TikTok has gaslighted me into thinking this place is nice but it's not. It's minging and there's nothing to do. 'I don't mean to be so negative but I've come all this way to try and enjoy myself but I just don't get the hype. Like is this really what people come all this way for? I don't get it. 'We're meant to be going to Ubud, Uluwatu and Gili Islands and I'm hoping it's so much better than this. Right now I want nothing more than to leave and go home.' Meanwhile, Corrin's main complaint for the country was the traffic, which she told her 4,000 TikTok followers was completely 'unbearable'. The influencer - whose handle is @cor_98 - said: ' Everyone says come to Bali it's an amazing place to come. Honestly I absolutely hate it, look at this. 'Traffic is everywhere. Look how built up it is, it's awful. You can't even move. You can't even cross the road. 'You stand at a zebra crossing and everyone still goes by. Literally you're just asking yourself to be run over. The traffic is unbearable, I've never seen something like this in my life. It's changed my perspective completely.' LOVE IT However, there were many staunch advocates for the Bali who praised the 'beautiful' views across the ocean in scenic videos of the area. Fiona Wang - who goes by @heyfionawang - insisted that the 'real Bali' is not overrated as she posted a sneak peek at her accomodation. She said: 'If you think Bali is overrated like I did the first time I came here, it's because you don't know where to go. Because look at this, oh my lord, that's the ocean and the pool and that's so beautiful and that's my villa. 'Actually have the views directly to this and all this is only $120. So this is called Segara Seaside in Nusa Ceningan and in my next video I'll give you a full review and show you the real Bali that is not overrated. Meanwhile, Tom Birchy - known as @tombirchy on the platform - revealed that Bali was growing on him after previously being a 'hater' of the country. He said: 'When we got here two days ago we were driving through the streets and we were like wow it's a bit dirty here like, look, there's a river - not looking its best. 'But after two days here I'm kind of getting the charm. It's definitely not for me, it's different - but I get it.' He admitted he can see why people are drawn to the island as a place to base themselves as a digital nomad. He said: 'If you're in your late 20s, early 30s, a digital nomad looking for a place to base yourself with a load of likeminded individuals Bali's got that. Especially this area I'm in now, Changu.' Revealing what it's got going for it, he said: 'It's got brekkie spots and artisan coffee shops, everything you could want. 'But I do kind of go, ah, it doesn't really have much authenticity. It seems like Australia light. I guess that's kind of the business model here. ' Indonesia is an Islamic country, but a secular one. So they have zoned all the s*** to Bali. All of the nightclubs, party culture. 'All of that stuff is kept here to concentrate it so it doesn't over spill into other locations. Kind of cool. But yeah, it's interesting. I like all the little shops, they're different and there's lots of boutiques. It's a cool place, maybe I'll change my mind about Bali.' Alex (alcross) was also in favour of encouraging others to visit Bali, as she recommended the nice restaurants and stunning sunsets. She said: 'I'm just on the beach in Uluwatu in Bali and I just wanted to do a quick review. I've only been here for four nights and the great thing about it is that it's much quieter than Jangu. That's the only place I've been so far. 'The beaches are nicer and quieter, it's a much more chilled vibe. The only thing I would say is that you need to learn to ride a scooter or you can't get around that easily. But it's really good. Much more of my kind of vibe than Jangu. There's so many nice restaurants and places to eat, and a beautiful place to watch the sunset.' Sharing his own honest review of Bali, Liam Etheridge (liametheridge2) said that he was drawn to the country because of his love of beaches and it didn't disappoint. He said: 'A lot of people are asking at the moment if Bali is worth going to if you're travelling around SE Asia. My simple answer for this is yes. Three reasons why I wanted to come here was purely because I love beaches. 'So the beaches in Bali are absolutely insane. Especially if you like surfing the waves here i Uluwatu to Noosaduwa are really good for that. And the second reason which we haven't actually done yet is the diving.' 'In Ko Tao (Thailand) we got our diving licences and every instructor said go to Bali because the diving in insane. There's so much to do here, you've got the rise terraces and mountains. You can hike for sunrise, volcanoes. 'And then you've also got the waterfalls. So if you enjoy all of that then Bali is definitely worth the trip.' In his own expletive-laden review, Mashtag Brady said: 'So far, honest review of Bali. Greatest place ever! What is everyone talking about? The amount of messages I got saying why are you going there it's f***ing shit.
