FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Instagram Outage Disrupts Thousands of U.S. Users 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Indonesia's state-owned airport operators Angkasa Pura (AP) I and II are shifting their revenue source to cargo and warehousing services as restrictions limit air passengers.
AP II sees potential for growth in air cargo, despite a decline in cargo volume at its airports during the pandemic.
Airfreight volume at its 19 airports fell 34 percent year-on-year to 79,556 tons between April 1 and June 7. However, 34,000 tons of that cargo traffic was from between May 7 and June 7 alone.
According to AP II president director Muhammad Awaluddin, while the cargo volume is lower than normal, the shipment volume of 34,000 tons shows that business prospects remain stable and have growth potential this year.
Awaluddin added that there are no restrictions for air cargo during the pandemic and that commercial airlines are modifying their fleets with freighters to take in more airport cargo.
AP II is consolidating cargo loads from several sub-agents to be shipped using a chartered carrier, which it aims to double from twice to four flights per week. It also reduced operational costs at storage facilities by 40 percent and has provided warehouse facilities for airlines.
Domestic air passengers in Indonesia plunged 85.18 percent while international air passengers fell 98.26 percent y-o-y.
Meanwhile, AP I cited revenue diversification by establishing an airport ecosystem that includes a cargo village to survive during the pandemic. It aims to depend less on aircraft and passenger traffic.
