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Business

  • Pertamina integrated megaproject in Banggai inaugurated

    President Joko “Jokowi” Widodo inaugurated on Sunday the Pertamina Integrated, a project which combines upstream and downstream oil and gas industries with a total investment of US$5.8 billion in Banggai regency, Central Sulawesi.

  • Govt extends deadline on equity ruling

    The government has further relaxed a regulation that requires all airlines operating in the country to maintain positive equity.

  • Trade Ministry operations ‘unaffected’ by criminal probe

    Criminal investigations into several top Trade Ministry officials will not affect operations, a senior official has insisted.

  • Share prices rebound despite poor H1 results

    Share prices on the Indonesian Stock Exchange (IDX) rebounded Friday following sharp decline early in the week amid the Chinese stock market route.

  • Indofood reports 25 percent drop in net profits in first semester

    Publicly listed consumer goods giant PT Indofood Sukses Makmur (INDF) reported a more than 25 percent drop in net profits in the first half of the year amid a decline in sales growth and rise in operating costs during the January-June period.

  • Gudang Garam sees profit dive

    Cigarette maker PT Gudang Garam booked an 11.7 percent decline in net profit during the first six months of this year, partly driven by a sharp drop in its foreign exchange (forex) gain as export sales declined.

  • Seoul becomes hotbed for luxury watchmakers

  • Lotte family rivals flock before vote showdown

    Friendly powers of Lotte Group founder Shin Kyuk-ho are flocking together to secure their collective influential stake under the second-generation leadership of the 90 trillion won ($77 billion) business empire.

  • Astra sees profit dimming in first semester

    Astra International reported a plunge in its net profit during the first half of the year as the diversified conglomerate firm grappled to ease the impact of the country’s economic slowdown.

  • SMGR net profits drop 20% in first half

    Publicly listed state cement giant Semen Indonesia (SMGR) saw its net profit contract 20.63 percent year-on-year (yoy) to Rp 2.18 trillion (US$161.5 million) in the first semester of this year on weak sales, lower margins and soaring costs.

  • Economy in brief: China SOEs to invest in West Sumatra

    The Chinese government has expressed interest in investing in renewable energy and infrastructure development in West Sumatra.

  • Economy in brief: Jasa Marga profits slip on falling income

    State-run toll road operator Jasa Marga has seen its net profits slip by nearly 40 percent on a yearly basis due to plunging construction income, after a number of toll roads concluded construction.

  • BRI eyes syndicated loans as it opens Singapore branch

    State-owned Bank Rakyat Indonesia (BRI) will provide syndicated loans as part of a strategy to attract Indonesian companies following the opening of the lender’s branch office in Singapore.

  • OCBC named world's 3rd strongest bank

    Singapore's Big Three banks have been ranked by Bloomberg Markets magazine as among the world's ten strongest lenders.

  • Indonesian performing arts groups to tour UK

    The British Council, supported by Indonesia’s Tourism Ministry, launched the “UK National Tour 2015 — Discover Indonesia” on Thursday, a showcase of Indonesian arts within the UK, to promote the country’s rich culture.

  • Supermarket operators feel the pinch of rising expenses in first half

    Supermarket operators PT Supra Boga Lestari and PT Hero Supermarket recorded lackluster performances in the first half of this year as lower revenue growth is exacerbated rising expenses.

  • Pertamina starts developing LNG infrastructure

    State-owned oil and gas giant Pertamina plans to work on several infrastructure development projects to tap the liquefied natural gas (LNG) market in the near future amid current demand uncertainty.

  • Protectionism on the rise under Jokowi

    Unlike in the past, where economic hardship produced good policies, Indonesia has recently taken protectionist measures to cope with slower growth, a move that will ultimately hurt consumers as well as businesses, an Australian think tank says in its latest report.

  • Samsung to focus on premium TVs, chips

    Samsung Electronics on Thursday hinted at cutting prices of its flagship smartphones later this year, pledging to focus on premium TVs and chips for more profits.

  • China's state-owned companies to invest in West Sumatra

    The Chinese government has expressed interest in investing in renewable energy and infrastructure development in West Sumatra.