Asia markets lose steam to close lower as investors digest China tariffs

Asia Pacific stocks closed lower after China imposed new tariffs on U.S. goods.

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Trump’s Victory: What Next for Indonesia’s Economy and Diplomacy

With Donald Trump now confirmed as the U.S. president, Indonesia’s economy and diplomatic positioning will likely face significant shifts, reflecting both challenges and strategic opportunities. Trump’s prioritization of economic nationalism could reshape Indonesia’s trade and investment dynamics with the U.S., emphasizing bilateral agreements that may favour American interests. Targeted investments in sectors like energy could …

The Politics of Sharia Law: Islamist Activists and the State in Democratizing Indonesia

The period of study was 1945-1998. ‘Jakarta Charter’ was not included in the constitution, and a secular constitution for Indonesia was adopted. A ‘new order’ military dictatorship in 1965 saw the perpetuation of the secular-nationalist elites’s domination of the bureaucracy and military. Although movements based on ‘political Islam’ or Islamist movements were convenient allies of …

Platform Banking: The way to the future for Islamic Banking

Islamic banking is entering the state of irrelevance, or impasse. Many countries adopting dual banking system are witnessing the growth of Islamic banking sector stagnating. Indonesia for instance is growing at single digit in 2017, much lower than its peak of 47% in 2011, or 15-20% in the last three years. The growth of innovative …

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