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Business

  • Pertamina 90 percent ready to launch Pertalite

    State oil and gas company Pertamina’s marketing director Ahmad Bambang conveyed on Monday the readiness of his company to distribute Pertalite, a Research Octane Number (RON) 90 fuel, starting from May.

     

     

  • BII revamps business to improve credit quality

    Private lender Bank Internasional Indonesia (BII) — part of Malaysia’s Maybank Group — has begun revamping its global banking in an attempt to improve its credit quality and profitability, its executives have said.

  • RI to address concerns on local content phone manufacturing

    The government will address and respond to concerns raised by trading partners over a series of policies that may affect investment, notably the mandatory local content rules in the telecommunication sector.

  • ASEAN-EU economic ties remain strong

    Despite the current sluggish growth, the economic ties between the European Union (EU) and the Association of Southeast Asian Nations (ASEAN) have been continuously growing stronger and the EU retains its position as ASEAN 's second-biggest trading partner after China.

  • ASEAN, EU to seek jump-start of free-trade talks

    Southeast Asia and the European Union (EU) agreed on Sunday to take steps toward resuming stalled talks on a free-trade agreement between the two regions.

  • RI can be center of regional growth, says Jokowi

    President Joko “Jokowi” Widodo said that Indonesia could be the center of growth in the Asia-Africa region thanks to its geopolitical and geo-economical conditions.

  • Shop till you drop

    People stand in line to pay for items at the Gandaria City shopping mall location of the Japan-based store Uniqlo in South Jakarta on Friday. The new storeis Uniqlo’s seventh in Indonesia and is locally operate by Fast Retailing Indonesia.(JP/R. Berto Wedhatama)

  • Taking a business legacy and changing with the times

    Scion of an affluent business family, Lance Gokongwei is reaching new heights with his own acumen.

  • When networks become shackles for aspiring leaders

    Maneuvering into a position of power requires building relationships that could restrain you later if left unchecked.

  • Things you need to know to lead PlayStation generation

    I didn’t know what I was getting into before spending five years on the front lines finding out what makes millennial tick.

  • RI may report Turkey to WTO on unfair levies

    Indonesia may file a complaint with the World Trade Organization (WTO) over Turkey’s antidumping measures on yarn, which have affected a number of Indonesian textile firms, a trade official has said.

  • RI growth likely to fall below 5 percent in Q1

    Amid high expectations among investors, the economic reality in Indonesia is less heartening, with analysts predicting further growth slowdown in the economy on weak consumption and underperforming investment.

  • Mandiri books slower profit growth

    State lender Bank Mandiri (BMRI) recorded slower growth in its earnings in the first quarter this year as the bank increased its reserves for potential bad debts.

  • Sarana Menara may see slower growth

    Publicly listed tower company PT Sarana Menara Nusantara expects a slower growth revenues and earnings this year as demand for new towers is predicted to grow only moderately.

  • Timah to boost non-tin businesses

    The country’s largest tin producer Timah is looking to raise the contribution to its revenues of its non-tin businesses to around 50 percent in the next four years. The move comes as the company’s bottom line has been hit by plunging tin prices over the last few years.

  • Barra compensation triples to $15.8M in 1st year as GM CEO

    General Motors CEO Mary Barra's compensation more than tripled in 2014 to US$15.8 million in her tumultuous first year in the automaker's top job.

  • China to invest $5 billion in Indonesia

    China-based Minsheng Investment Corp. Ltd (CMI) and several other Chinese investors have expressed their strong commitment to investing US$5 billion in Indonesia.

  • Govt likely to liquidate Petral soon

    State-Owned Enterprises Minister Rini Soemarno has implied that the government would soon liquidate Pertamina Energy Trading Ltd (PT Petral), a unit of state-owned Pertamina working in oil exports and imports.

  • Unilever Indonesia records strong growth in first quarter

    PT Unilever Indonesia, the local arm of Anglo-Dutch consumer goods giant Unilever NV and Plc., posted an increase in sales and net profits in the first quarter of this year, thanks to lower finance costs and rising selling prices.

  • Wika Beton falls short of Q1 order target

    Precast concrete company Wijaya Karya (Wika) Beton saw its new contracts in the first three months plunge by 15 percent on an annual basis as the company awaited the roll-out of the government’s infrastructure projects, a senior official has said.

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