Indonesia is discussing carve-outs from sweeping new export controls that could allow commodity traders to sidestep all or part of the rules in exchange for investments in the country and joint ventures with a newly established state body. The wide-ranging exemptions have been discussed during meetings between Danantara Sumberdaya Indonesia — a newly created arm of sovereign wealth fund Danantara,...
Indonesia is discussing carve-outs from sweeping new export controls that could allow commodity traders to sidestep all or part of the rules in exchange for investments in the country and joint ventures with a newly established state body. The wide-ranging exemptions have been discussed during meetings between Danantara Sumberdaya Indonesia — a newly created arm of sovereign wealth fund Danantara, set up to run the policy — and major exporters and traders, according to people involved in the discussions. They asked not to be named as the conversations were private. President Prabowo Subianto shocked markets late last month with a radical overhaul of key commodity exports that has upended one of Indonesia’s most lucrative sectors, ostensibly to crack down on revenue leaks. The announcement unsettled already rattled investors, and has left traders and exporters across coal, palm oil and metal markets struggling to understand the impact of the change. Some also questioned how an entity which has yet to hire trading staff in significant numbers would handle exports worth $65 billion a year. The debate over workarounds is in part a reflection of the complexity of the president’s proposal, the people said. The discussions remain at an early stage and are subject to final government review. Danantara and unit DSI did not immediately respond to requests for comment. Read More: Indonesia Plans to Beat Global Trading Giants at Their Own Game . Regulation governing the new plan, published on Friday, did include a clause that allowed room for exemptions for companies that have local investment, processing or refining agreements. No further detail was offered. DSI has since indicated that the provision should help curb tax leakage while facilitating exports, as companies that meet its requirements may be allowed to continue managing their own shipments, the people said. Exemptions would be a best-case scenario, some of the people added, as companies make the most of the governme...
Since the artificial intelligence (AI) boom started gathering momentum in early 2023, semiconductor stocks like Nvidia and Micron Technology have soared more than tenfold . But with infrastructure costs climbing, AI companies like Anthropic and Microsoft have recently introduced passive price increases for some of their AI software products, resulting in significantly higher usage costs for their ...
Since the artificial intelligence (AI) boom started gathering momentum in early 2023, semiconductor stocks like Nvidia and Micron Technology have soared more than tenfold . But with infrastructure costs climbing, AI companies like Anthropic and Microsoft have recently introduced passive price increases for some of their AI software products, resulting in significantly higher usage costs for their customers. The price increases caused one of Anthropic's customers, Uber Technologies , to blow through its entire 2026 AI budget in just four months, and the company's chief operating officer said the current rate of spending is getting harder to justify. This could be an early sign of trouble for the AI industry, meaning investors with a high degree of exposure might want to start diversifying. The Vanguard Value ETF (NYSEMKT: VTV) is an exchange-traded fund (ETF) that invests in a diverse group of America's largest companies, and with just 10% of its portfolio parked in the technology sector, it could significantly outperform the broader market if the AI boom hits a speed bump. Read on. Continue reading
Quantum Blockchain Technologies PLC (AIM:QBT, FRA:BYA1) CEO Francesco Gardin tells Proactive's Stephen Gunnion that the company has completed the key integration work on a new ASIC manufacturer's mining rig - and the data needed to train its Method C AI Oracle is now flowing. Gardin compares the process to a Formula One driver learning a new circuit: the Oracle needs a complete data picture from t...
Quantum Blockchain Technologies PLC (AIM:QBT, FRA:BYA1) CEO Francesco Gardin tells Proactive's Stephen Gunnion that the company has completed the key integration work on a new ASIC manufacturer's mining rig - and the data needed to train its Method C AI Oracle is now flowing. Gardin compares the process to a Formula One driver learning a new circuit: the Oracle needs a complete data picture from the new hardware before it can be effectively trained. "Now we are finally ready and we are generating the data," he says, with sufficient historical data for training expected by end of week. Fine-tuning follows next, with the company continuing to target end of June for completion of this phase and deployment on a live mining pool. #QuantumBlockchainTechnologies #QBT #FrancescoGardin #AIOracle #ArtificialIntelligence #BitcoinMining #ASICMining #BlockchainTechnology #CryptoMining #MachineLearning #MiningRig #CryptoTechnology #Bitcoin #Fintech #ProactiveInvestors
When Chinese President Xi Jinping arrived in Pyongyang on Monday, he was entering a country undergoing notable development in both its nuclear programme and conventional combat capacity. North Korea has been aided in these developments by Russian military technology and economic aid, which Pyongyang received in exchange for sending troops and equipment to support Moscow’s war in Ukraine. These adv...
When Chinese President Xi Jinping arrived in Pyongyang on Monday, he was entering a country undergoing notable development in both its nuclear programme and conventional combat capacity. North Korea has been aided in these developments by Russian military technology and economic aid, which Pyongyang received in exchange for sending troops and equipment to support Moscow’s war in Ukraine. These advances could help Pyongyang threaten the balance of power against South Korea and the United...
Spanish great moving to England after 14 years at Barça She has been impressed by vision of Michele Kang’s club Alexia Putellas has agreed personal terms with London City Lionesses. Widely regarded as one of the best players in the world, Putellas would be one of the biggest signings in the history of the Women’s Super League, with her arrival also representing an extraordinary moment for London C...
Spanish great moving to England after 14 years at Barça She has been impressed by vision of Michele Kang’s club Alexia Putellas has agreed personal terms with London City Lionesses. Widely regarded as one of the best players in the world, Putellas would be one of the biggest signings in the history of the Women’s Super League, with her arrival also representing an extraordinary moment for London City, an independently-run club who have spent only one season in the top flight of women’s football in England. Putellas left Barcelona last month upon the expiry of her contract with the club she represented for 14 years, a period in which she won 10 Liga F titles and four Champions League titles, as well as the World Cup with Spain in 2023 and twice being named a Ballon d’Or winner. The 32-year-old, who also captained Barça, wants to pursue a new challenge and has naturally attracted interest from most of the world’s wealthiest teams. She has been linked with a move to London City with multiple sources confirming she has agreed a contract with the club, who have made no secret of their grand ambitions under the ownership of the American businesswoman, Michele Kang. Continue reading...
Thaishutter_2528/iStock via Getty Images Thesis I recently covered Alamos Gold ( AGI ) and rated it a Strong Buy. I present Centerra Gold ( CGAU ) with the same motivation: if an investor is bullish on gold and copper, Centerra offers a 150% upside from current levels. Like my Alamos write-up, this stock is only for GOLD and copper bulls, who believe that current prices of the metals can be sustai...
Thaishutter_2528/iStock via Getty Images Thesis I recently covered Alamos Gold ( AGI ) and rated it a Strong Buy. I present Centerra Gold ( CGAU ) with the same motivation: if an investor is bullish on gold and copper, Centerra offers a 150% upside from current levels. Like my Alamos write-up, this stock is only for GOLD and copper bulls, who believe that current prices of the metals can be sustained. I highly recommend anyone interested in this article also read my Alamos write-up, since a lot of the valuation methodology is borrowed from there. As I will further show, at $4,500/oz gold and $6.00/lb copper, Mount Milligan ($3.6 billion) alone is worth more than Centerra's entire market cap ($3.04 billion), with the remaining mines pushing the total upside to more than double ($37) from current levels ($15). The bear case, assuming gold below $3,000/oz and copper below $4.50/lb, is already reflected in the current stock price, and thus the downside from here is pretty limited. I thus rate Centerra Gold a Strong Buy. Introduction Centerra Gold is a Toronto-based gold and copper miner, operating two mines: Mount Milligan in Canada and Öksüt in Turkey. It also has two gold mines under development, Goldfield in Nevada, expected to start producing by 2028, and Kemess in British Columbia, expected to start producing by 2030. The company also operates a Molybdenum Business Unit, consisting of Thompson Creek Mine in Idaho, currently being restarted, expected to produce starting mid-2027; the Endako Mine in British Columbia; and the Langeloth processing facility in Pennsylvania. Required History Mount Milligan mine, and all the molybdenum units in Centerra's portfolio, were previously owned by Thompson Creek Metals Company . In October 2010, Thompson obtained the Mount Milligan project, via the Terrane acquisition. This acquisition required financing, and thus Thompson entered into a Gold Stream Agreement with Royal Gold Inc. ( RGLD ), which allowed Royal Gold to purchase 52...