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Business

  • YSL Beauté launches digital makeover with Google Glass

    Confusion over applying beauty products has inspired Yves Saint Laurent (YSL) Beauté, the luxury makeup brand of L’Oreal Indonesia Group, to launch a new makeover tutorial using Google Glass.

  • Rupiah strengthens 30 points to Rp 13,193

    The rupiah interbank trade rate in Friday's first trading session strengthened by 30 basis points to Rp 13,193 per dollar from Rp 13,223 per dollar in the previous trade.

  • Japan data show spending, factory output muted as yen falls

    Japanese data on Friday showed a mixed outlook for the world's third-largest economy while a renewed decline in the value of the yen is adding to uncertainty over whether the recovery is gaining ground.

  • China stocks extend fall, investors jittery after big tumble

    Chinese stocks fell again Friday as investors remained jittery a day after a sharp sell-off. Other major Asian benchmarks climbed.

  • Govt told to develop eastern RI to overcome problems

    The government should accelerate development in eastern Indonesia to close the disparity gap with western Indonesia, a transportation executive said Thursday.

  • BRI prepares schemes for China deal

    State lender Bank Rakyat Indonesia (BRI) is preparing several partnership schemes to accommodate Chinese banks’ interest in Indonesia’s infrastructure projects, its top boss has said.

  • Sharp enters RI’s smartphone market

    Japanese electronics giant Sharp Corporation officially launched its 4G-ready smartphone, Aquos Crystal, in Jakarta on Thursday after previously launching the product in the US and Japan last year.

  • Economy in brief: ‘Sari Roti’ to disburse Rp 27b in dividends

    Publicly listed bread maker PT Nippon Indosari Corpindo says it will pay out Rp 27 billion (US$2 million) in dividends, or 15 percent of its Rp 188 billion in net profit from last year.

  • Economy in brief: Sterling performance for AIA

    Life insurance company PT AIA Financial recorded substantial growth in all key financial ratios last year, including increases of 464 percent in total investment income to Rp 4.9 trillion (US$380 million), 30 percent in total investment to Rp 33.89 trillion and 55 percent in total net income to Rp 1.11 trillion.

  • Economy in brief: JCI down by 0.30% at closing

    The Jakarta Composite Index (JCI) weakened during Thursday’s closing in line with the movement of other stock markets in Asia.

  • Humpuss sees idle business, Samudera plans IPO for subsidiary

    Publicly listed shipping firm Humpuss Intermoda Transportation has seen bleak business prospects this year with no new contracts possibly until next year, as the company is still working to diversify its business as the shipping industry slows down.

  • Kuala Tanjung Port attracts foreign investors

    A number of foreign investors have expressed an interest in developing Kuala Tanjung Port in North Sumatra and the surrounding areas.

  • Oman set to develop new oil refinery complex in Riau

    Oman has expressed its interest in taking part in the development of the country’s downstream oil and gas industry.

  • SOEs ink deals for fuel supply, micro loan insurance

    As many as five state-owned enterprises (SOEs) inked partnership agreements on Thursday, paving the way for fuel supplies for sea transportation as well as loan insurance for micro businesses.

  • Moody’s shares S&P’s positive RI outlook

    International ratings agency Moody’s Investors Service has followed Standard & Poor’s (S&P) in giving a positive view of Indonesia despite the country’s economic slowdown and weak macro-economic fundamentals.

  • Govt keeps 2016 growth target despite doubts

    The government has maintained its economic growth target for 2016, despite most factions at the House of Representatives insisting that the estimate is unrealistic.

  • Apple buys a maker of futuristic augmented-reality software

    Apple has bought a company that makes augmented-reality software, which adds information or images to real-world scenes when viewed through a special headset or even a smartphone camera.

  • JPMorgan to lay off 5,000 employees across firm: WSJ

    JPMorgan Chase & Co. will cut about 5,000 jobs over the next year, as the bank closes branches and slims down its operations, The Wall Street Journal reported Thursday, citing anonymous sources.

  • Huge drop in West Virginia coal production forecast

    West Virginia University researchers predict that state coal production will drop 39 percent compared with the industry's last high point in 2008 — less-than-encouraging news for more than 1,800 coal miners who learned last week they would likely lose their jobs.

  • How the Dow Jones industrial average fared on Thursday

    U.S. stocks are ending modestly lower following a sell-off in the Chinese market and concerns about an approaching deadline for Greece to make a debt payment.

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