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Rupiah to Extend Losses as Bank Indonesia Battles Volatility

Rupiah to Extend Losses as Bank Indonesia Battles Volatility

Bloomberg21-04-2025
The Indonesian rupiah will extend this year's 4% decline due to fragile investor confidence, spurring further intervention by the central bank to stem volatility, according to analysts.
MUFG Bank Ltd. expects the currency will weaken to 17,100 per dollar in coming months, while Barclays Bank Plc says its likely to test 17,200 by the first quarter of 2026 with Bank Indonesia intervening. The rupiah closed Monday at 16,805.
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Bodegas are the new ‘It' restaurants as dining out costs spiral: ‘It's not just mozzarella sticks anymore'
Bodegas are the new ‘It' restaurants as dining out costs spiral: ‘It's not just mozzarella sticks anymore'

New York Post

time5 hours ago

  • New York Post

Bodegas are the new ‘It' restaurants as dining out costs spiral: ‘It's not just mozzarella sticks anymore'

NYC's corner markets are cornering the market — on haute cuisine. As the cost of dining out in the Big Apple spirals higher, eating well without breaking the bank could be as simple as visiting your nearest bodega. The city's humble bazaars are increasingly perceived as epicurean pioneers — with gourmands and social media influencers clamoring for a bite. The craze comes as the price of eating out in the five boroughs has been said to soar by nearly 30%, according to a 2024 City Comptroller's Office report — with even a sad Midtown desk lunch of salad or fast food often costing a minimum of $15 nowadays. 16 A worker prepares a shrimp and octopus cocktail at La Esquina Del Camarón Mexicano, a Mexican seafood depot at the back of an Indian bodega in Jackson Heights, Queens. Tamara Beckwith/ By contrast, determined diners willing to look past the toilet paper rolls and bricks of Cafe Bustelo can fill their belly at a wave of unlikely grocery gastro-hubs for a fraction of the price — without degrading their palate. 'I go to my bodega every day, and the halal food is better than the food truck next door and cheaper — and they can do it all,' Karissa Dumbacher, an NYC foodfluencer with over 5 million followers across TikTok and Instagram, told The Post. 'I mean, it's not just mozzarella sticks anymore.' Here's the dish on six tasty, cutting-edge supping spots. Java, no jive 16 IndoJava Chef Anastasia Dewi Tjahjadi and owner Elvi Goliat display a bowl of lontong mie. Tamara Beckwith/ There's no menu at IndoJava, a bite-sized bodega in Elmhurst, Queens — but behind the selection of sambals and other Indonesian staples, intrepid diners will find one of the toughest tables in town. Javanese chef Anastasia Dewi Tjahjadi, one of two haute-hash slingers (Thursdays, a chef from Jakarta takes over the stove), recently served just one dish: lontong mie ($15), a fragrant specialty from her hometown of Surabaya. The piquant combo of noodles, bean curd, bean cake wedges, compressed rice cakes, garlic crackers, prawns and clam skewers packed a punch — in a brawny broth infused with pungent shrimp paste and served with weapons-grade chili peppers. 16 Diners can eat at a squat yellow table at the back of the bodega. Tamara Beckwith/ And don't bother asking the chef to turn the heat down. 'I don't want the people to come here and be, like, 'Oh, I'm sorry, I don't like spicy' — because my food … is spicy,' the griddle gourmet proudly told The Post. 'I can't make it not spicy.' Opened back in 2008, IndoJava has become a bona fide sensation. In a viral video, influencer Dumbacher labeled the offerings the closest thing to 'actual authentic Indonesian food in New York City.' IndoJava's food pop-ups are available on Tuesdays from 10 a.m.-8 p.m. and Thursdays from 10 a.m.-3 p.m. while supplies last; daily specials are announced on Instagram. 'We do very traditional, very authentic,' owner Elvi Goliat told The Post. 'We need to make something interesting so they will come every week.' IndoJava, 8512 Queens Blvd., Elmhurst Mart of the deal 16 A variety of Guatemalan specialties are displayed at the Karen Deli. Stefano Giovannini for In Sunset Park, Brooklyn, the tiny Karen Deli has an ace up its sleeve — a speakeasy-like Guatemalan canteen located incongruously at the back, near a Central American mural. The crown jewel drawing in-the-know types is the Pepian De Pollo ($13), a rich, spice-inflected stew studded with pumpkin seeds, best paired with a chuchito ($3), a miniature Guatemalan tamale, and washed down with a regional soda from the cooler. This hearty combo costs a fraction of what you'd pay for one entrée at a sit-down spot in nearby trendy neighborhoods. 16 It is one of many bodegas serving unique dishes. Stefano Giovannini for According to legendary NYC restaurant critic Robert Sietsema, unexpected finds like these show how bodegas are evolving. 'For decades, [the bodega] was a province of Puerto Ricans and Dominicans and African-Americans, hence the term bodega, which is just Spanish for store,' the Village Voice alum told The Post. 'This is indicative of other groups taking over the bodegas, having a much broader selection,' he said. Karen Deli, 6116 5th Ave., Brooklyn Prawn stars 16 A cocktail of shrimp and octopus at La Esquina Del Camaron. Tamara Beckwith/ Jackson Heights, Queens, has always been the Big Apple's multicultural bouillabaisse. Head to Roosevelt Avenue — where diners will find an Indian mini mart in the front and a Mexican seafood restaurant in the back. Dubbed La Esquina Del Camaron Mexicano, the tiny, cash-only sit-down serves shrimp and octopus cocktails with cilantro, avocado and a 'secret' cocktail sauce ($15 for a small portion). 16 Indian bodega La Esquina Del Camaron features a bustling Mexican seafood restaurant. Tamara Beckwith/ 16 Diners can check out a mini mart in the front — and the seafood paradise in the back Tamara Beckwith 16 The Jackson Heights go-to also offers Coctel de Camarones y Pulpo, and fish and tacos. Tamara Beckwith/ It's perhaps one of the few places in town you'd want to tuck into a plate of shellfish while pondering a wall of e-cigarettes and playing your scratch-off tickets. La Esquina Del Camaron Mexicano, 8002 Roosevelt Ave. The hero we deserve 16 The hand-scrawled hero menu frames a kitchen worker at Sunny & Annie's Deli. Tamara Beckwith/ Sunny & Annie's Deli in Manhattan's East Village is much more than a bacon-egg-and-cheese broker, offering a 24-hour smorgasbord of inventive, submarine-sized, Asian-inflected heroes, which the Korean owners list on handscrawled notecards. Wacky fare includes the Obama (grilled chicken and eggplant), the Bernie Sanders (teriyaki chicken and shiitake mushrooms), and other sandwiches whose ingredients appear to be charmingly unrelated to their celeb namesake. Check out the Pho #1 ($10.99 cash, $11.97 using a card), which, like its eponymous soup, features beef, bean sprouts, basil, cilantro, sriracha and a slathering of hoisin. The dining depot is a standby for food critic Sietsema, who described the noshes as 'just plain weird in a good sort of way.' 16 A pho-inspired sandwich from Sunny & Annie's Deli. Tamara Beckwith/ 'There's no place that makes sandwiches that uses the odd combination of semi-healthy ingredients with good bread,' the pro told The Post. 'And people that go in there for the first time, they're dumbstruck by the menu.' Sunny & Annie's Deli, 94 Avenue B Way to plant 16 The Clinton Fruit Market on Ninth Avenue in Manhattan is one of 50 bodegas where customers can find Plantega. Tamara Beckwith/ Bodegas haven't historically been bastions of vegetarian-friendly fare, Plantega is changing that — offering a '100% plant-based menu' that 'reimagines New York's iconic deli sandwiches,' ranging from the steak, egg and cheese burrito to the chopped cheese (both $12). 'In a way, bodegas are the city's original test kitchens,' Plantega Founder and CEO Nil Zacharias told The Post. The concept, launched in 2022, is available at 50 bodegas. It reflects the corner store's legacy for innovation, where a 'Dominican-owned grill meets halal ingredients, or a classic bacon, egg, and cheese gets a twist that reflects the neighborhood,' he said. 'Too often, 'better food' is framed as something exclusive,' he told The Post of grub which is often 'packaged for a certain demographic.' 16 A vegan chopped cheese, courtesy of Plantega. Tamara Beckwith/ 'Instead of asking people to change their habits, we chose to meet them where they already eat,' he added. 'That meant starting with the bodega, one of the most trusted, culturally rooted spaces in New York City.' Plantega features a Chopped Cheese with Beyond Meat, Stockheld cultured cheddar and Fabalish vegan mayo — a combo that's tasty and healthier than oft-dubious deli protein. 'The food is hot, satisfying and made to order, just without the meat sweats or the 3 p.m. crash that makes you question your life choices,' Zacharias quipped. Plantega, various locations Ock-ed and loaded 16 'For years, I [saw] people get the same sandwiches and order all of these things on the side,' said Rahim Mohamed, owner of Red Hook Food Corp. Stephen Yang Probably the only bodega in remote Red Hook, Brooklyn, to have lured celebs like Ed Sheeran and Giants quarterback Eli Manning, Rahim Mohamed's Red Hook Food Corp has become a viral sensation. Better known online as General Ock — derived from Americanized Arabic slang for 'akhi,' meaning 'brother' — the savvy seller has created a cutting-edge meal mecca, amassing over 5.5 million TikTok followers by sharing videos of him whipping up some of NYC's wildest vittles. 16 A sandwich hits the griddle before heading to a hungry customer. Stephen Yang 16 A stuffed sandwich at Red Hook Food Corp. Stephen Yang And no ingredient is too outlandish. Here, chopped cheese sandwiches are piled high with Pop-Tarts, mozzarella sticks, cotton candy, Rice Krispies Treats and more — in a method dubbed the Ocky Way. 'For years, I [saw] people get the same sandwiches and order all of these things on the side. I thought, 'Why can't I mix it all together?'' he told The Post in 2021. Red Hook Food Corp, 603 Clinton St., Brooklyn

EV startup Xpeng opens 1st overseas plant in Indonesia
EV startup Xpeng opens 1st overseas plant in Indonesia

Yahoo

time9 hours ago

  • Yahoo

EV startup Xpeng opens 1st overseas plant in Indonesia

SHANGHAI – Xpeng, a major Chinese electric vehicle startup keen to expand globally, has launched its first overseas assembly plant in Indonesia, the most populous country in Southeast Asia. The first model rolling off the production line at the factory in Purwakarta, West Jawa, is the X9, a seven-seat battery electric multipurpose vehicle, Xpeng said July 24. Switch Auto Insurance and Save Today! The Insurance Savings You Expect Affordable Auto Insurance, Customized for You Great Rates and Award-Winning Service The right-hand-drive vehicle, assembled with knocked-down kits imported from China, features a smart cockpit, an intelligent driving system and standard rear-wheel steering. It will be sold in the local market with a starting price of 990 million Indonesian Rupiahs ($60,342), XPeng said. XPeng was incorporated in the south China city of Guangzhou in 2014. In 2023, Volkswagen Group acquired a 4.99 percent stake in the company with a goal to jointly develop intelligent EVs. Xpeng started exporting vehicles to Norway, its first overseas market. As of June 2025, it had shipped vehicles to more than 40 countries outside China. The company's main export markets are Europe and Southeast Asia. Backed by an expanded product mix and fast-growing exports, Xpeng delivered 197,189 vehicles globally in the first half of this year, surging 244 percent from a year earlier, according to numbers it disclosed July 12. 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

Polkadot Blockchain Academy Launches Executive Blockchain Governance Course in Asia
Polkadot Blockchain Academy Launches Executive Blockchain Governance Course in Asia

Associated Press

timea day ago

  • Associated Press

Polkadot Blockchain Academy Launches Executive Blockchain Governance Course in Asia

Bali program pairs policymakers with developers to turn regulatory vision into working prototypes JAKARTA, Indonesia - July 31, 2025 - The Polkadot Blockchain Academy (PBA) announced today the launch of its " Governance for New Leadership' program, which will bring senior policymakers, entrepreneurs and industry leaders to Bali this September. The week-long executive course (September 7-13, 2025) builds on the success of PBA's pilot program in Lucerne, Switzerland, and marks the Academy's first expansion of its policy education initiative to Asia. Taking place in Nusa Dua, Bali, in partnership with Mandala Blockchain Academy (the education arm of Mandala Chain), the program runs concurrently with PBA's flagship developer training campus. This unique setup will allow government decision-makers to work side by side with blockchain engineers on real-world governance solutions during the program. 'The future of governance is programmable, and we're inviting the world's most forward-thinking leaders to help write those rules,' said Pauline Cohen Vorms, CEO of Polkadot Blockchain Academy. 'What makes the Bali program unique is the direct bridge between policymakers and developers working together in real time.' Building on Switzerland Success: The Bali offering directly evolves from PBA's successful Lucerne pilot, which in April 2025 brought UK Members of Parliament, Indonesian and European Union officials together for hands-on blockchain governance training. Dr. Lisa Cameron, Member of UK Parliament and founder of the UK-US Crypto Alliance, called the Switzerland course a 'valuable opportunity for MPs to gain firsthand insights into real-world applications of Web3.' Lessons from the pilot have been incorporated to broaden the curriculum and increase its practical impact. The expanded Bali format will encourage participants to translate policy ideas into working prototypes with the support of the concurrent developer cohort. Indonesia's Digital Strategy Alignment: Indonesian officials have praised the program as supporting the nation's digital transformation goals. 'Programs like PBA in Bali strongly support Indonesia's 'Digital 2045' vision of cultivating advanced tech talent,' said Pak Ery Wijaya, a representative of the Ministry of Tourism and Creative Economy. 'We're proud to see international blockchain leaders partnering with local innovators for long-term economic impact.' By hosting the program in Indonesia, PBA aims to contribute to the growth of Southeast Asia's blockchain ecosystem and policymaking expertise. Local developer participation via Mandala's network will ensure knowledge transfer to Indonesian talent. 'We're not asking leaders to become technologists,' Cohen Vorms explained. 'We're empowering them to lead through technological change by providing strategic clarity and implementation tools they can apply immediately.' The Academy anticipates that graduates will return home with actionable pilot projects and the know-how to guide broader adoption of blockchain solutions in their jurisdictions. Program Details and Application: " Governance for New Leadership: For Decision Makers Driving Innovation & Real Impact " will run from September 7 to 14, 2025 in Nusa Dua, Bali. The seats of the program are limited, to ensure an intimate, high-engagement experience. The fee of USD $2,000 covers tuition, accommodation, and meals for the week. (Indonesian public officials may apply for a sponsored rate payable in 5 DOT, Polkadot's cryptocurrency, as part of PBA's commitment to local capacity-building.) Applications are open now and will be accepted until August 12th, 2025. Policymakers, regulators, and senior professionals interested in attending can find more information and apply at A detailed program brochure and advisory support are available for prospective applicants. About Polkadot Blockchain Academy: The Polkadot Blockchain Academy (PBA) is a globally renowned educational initiative co-founded by Dr. Gavin Wood (founder of Polkadot) in 2022 and designed to train the next generation of blockchain developers, entrepreneurs, and leaders. PBA delivers state-of-the-art blockchain training through both intensive in-person 'Campus' programs and online courses. Its mission is to equip the next generation of blockchain engineers, developers, and thought leaders with the skills to build and contribute to computing decentralized technologies. About Mandala Blockchain Academy: Mandala Blockchain Academy is the education arm of Mandala Chain, Indonesia's first hybrid Layer-1 blockchain network. Launched to accelerate talent development for Indonesia's digital transformation goals, MBA provides training programs, bootcamps, and workshops that combine the latest blockchain content with real-world use cases. Contact: Polkadot Blockchain Academy Email: [email protected] Website:

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