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Business

  • How the Dow Jones industrial average fared on Tuesday

    U.S. stocks closed slightly higher Tuesday as investors followed talks between Greece and its creditors. The gains came a day after U.S. markets had their biggest plunge of the year following the collapse of talks between the Mediterranean nation and its lenders.

  • US stocks edge higher as investors follow Greek debt talks

    The U.S. stock market stabilized on Tuesday as investors followed the latest developments in the Greek debt saga.

  • European stock markets mixed despite nearing Greek default

    Europe's main stock markets were mixed Tuesday despite confirmation by Greece it would not make a debt payment due to the International Monetary Fund, placing it on course to default.

  • Greece stares at IMF default days ahead of referendum

    Greece on Tuesday looked set to miss an IMF payment and default, with a defiant Athens urging Greeks to reject creditors' demands for tough reforms in a weekend referendum, despite warnings that this would lead to a chaotic Greek exit from the eurozone.

  • Chinese media see international bank as diplomatic coup

    The creation of the Chinese-led Asian Infrastructure Investment Bank is a bigger coup for Beijing than its hosting of the 2008 Olympics, state-run media said Tuesday after 50 countries signed its legal framework.

  • Myanmar KFC fans queue for hours for first taste of US fast food

    Fried chicken aficionados queued for hours at Myanmar's first KFC restaurant Tuesday, as the US restaurant chain became the latest big foreign brand to open an outlet in the long-cloistered nation.

  • Slight recovery

    Visiting students walk past a giant screen showing the current numbers for the markets in Indonesia at the Indonesia Stock Exchange in Jakarta on Tuesday. Most Asian markets edged higher on Tuesday, enjoying a slight recovery after the previous day's rout, with Greece just hours away from default, while Shanghai's suffered more sharp losses. (AFP)

  • Greek debt crisis will not directly impact RI: Analyst

    Standard Chartered Bank’s head economist Eric Sugandi has said the Greek crisis, in which the country is being threatened to be pushed out of the eurozone, will not make a direct impact on Indonesia’s economic growth.

  • RI’s economy grows higher than other countries despite crisis: Minister

    Finance Minister Bambang Brodjonegoro said that despite the current global economic situation, Indonesia’s economy could grow by 4.7 percent, and this was still much higher than other countries.

  • Declines in loan-to-value ratio not yet significant for credit growth: Expert

    Standard Chartered Bank’s head economist Eric Sugandi said on Tuesday declines in the loan-to-value ratio had not yet been significant enough to push forward Indonesia’s credit growth that is currently being impeded by Bank Indonesia’s (BI) benchmark interest rate, which remains high.

  • Rupiah strengthens to 13,323 per dollar

    The rupiah interbank trade rate strengthened by 32 points to Rp 13,323 per US dollar on Tuesday's morning session from Rp 13,355 per dollar on the previous trade.

  • Finance minister sees economic situation positively

    Finance Minister Bambang Brodjonegoro says he is thinking positive thoughts despite the gloomy economic situation and the spreading rumors about a Cabinet reshuffle.

  • Asia stocks bounce back but Greece uncertainty still looms

    Asian stock markets bounced back Tuesday, recouping some of the previous day's sharp losses, but investors remained worried the crisis in Greece could spread to other financially weak countries.

  • Power plants, maritime infrastructure to be first AIIB-financed projects

    Finance Minister Bambang Brodjonegoro has said power plants and maritime infrastructure will be Indonesia’s first projects to be financed through the Asian Infrastructure Investment Bank (AIIB) after this multilateral finance institution begins full operation at the end of 2015 or at the beginning of 2016.

  • ECB chief Mario Draghi in front line of Greek crisis

    European Central Bank chief Mario Draghi famously vowed in 2012 to "do whatever it takes" to save the euro.

  • Sritex expected to export to five more countries this year

    Publicly listed textile manufacturer Sri Rejeki Isman, known as Sritex, is to further expand its export market to at least five more countries in a bid to boost its total revenues by a minimum 10 percent this year.

  • Bukaka relists shares on stock exchange

    Bukaka Teknik Utama, an infrastructure-focused company, formally returned to the Indonesian Stock Exchange (IDX), on Monday nine years after delisting its shares from the bourse.

  • Economy in brief: AirAsia Indonesia adds flights ahead of Idul Fitri

    Malaysia-based budget airline AirAsia Indonesia announced on Monday that it would provide extra flights serving various domestic and international routes during this year’s Idul Fitri holiday period from July 9 to 28.

  • Economy in brief: IMJS banks on units amid slowdown

    Publicly listed automotive financing and car rental company PT Indomobil Multi Jasa (IMJS), a subsidiary of major automotive distributor PT Indomobil Sukses International (IMAS), expects that its subsidiaries will help lift the company’s performance amid pressures on the automotive industry.

  • Economy in brief: RI exports bananas to Japan for first time

    Indonesian bananas will finally be sold in Japan as a result of both countries’ economic partnership agreement (IJEPA) that allows for the export of 1,000 tons of bananas per year with zero tariffs.

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