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Business

  • Thai airlines face scrutiny over safety, bans on new flights

    Thailand is facing bans on new international flights and increased inspections after the International Civil Aviation Organization flagged significant concerns about the country's aviation safety, officials said Friday.

  • Indian companies scramble to find women directors

    As Indian companies scramble to meet a deadline to appoint women to their boards, some wealthy business owners have a solution that meets the letter if not the intention of the law: appointing their wives.

  • Govt to withdraw poor-quality electronics products

    The Trade Ministry plans to withdraw a number of electronics products subject to mandatory Indonesian National Standards (SNI) from circulation next week due to their poor quality.

  • Rupiah weakens 57 points to Rp 13,047 on Friday morning

    The rupiah interbank trade rate in Friday's first trading session depreciated by 57 basis points to Rp 13,047 per dollar from Rp 12,990 per dollar in the previous trade.

  • JCI weakens by 16.05 points to 5,352 at opening session

    The Jakarta Composite Index (JCI) weakened by 16.05 points or 0.30 percent at the opening session on Friday to 5,352.74.

  • Timah seeks $230m loan for power plant

    Publicly listed state-owned tin producer PT Timah (TINS) is seeking Rp 3 trillion (US$230.5 million) in loans to build a steam-fueled power plant in South Sumatra, a move that will support the government’s ambitious goal of adding 35,000-megawatt (MW) of electricity to Indonesia’s power grid over the next five years.

  • Chandra Asri to build synthetic rubber plant

    Indonesia’s major petrochemical producer PT Chandra Asri Petrochemical plans to begin construction of a Rp 5.6 trillion (US$435 million) synthetic-rubber plant in Cilegon, Banten, early next year to take advantage of growing tire demand both at home and in other Asian countries.

  • Asia shares mostly higher as oil falls back

    Shares were mostly higher in Asia on Friday in a rebound from losses earlier in the week. Japan reported lackluster inflation and household spending data that reinforced expectations the central bank may opt for additional monetary stimulus to perk up sluggish growth.

  • Ford unveils new Ranger truck at Bangkok motor show

    Ford Motor Company has updated its flagship pickup truck model, the Ford Ranger, unveiling it to car aficionados at the 2015 Bangkok International Motor Show (BIMS).

  • Berau to repay maturing notes, aims for revolving credit facility

    Major coal miner Berau Coal Energy announced Wednesday that it had reached an agreement with bondholders to allocate 53 percent of the US$118.75 million recapitalization funds to repay its notes to mature this year and those due in 2017.

  • New power projects in pipeline

    Two months after a one-stop service policy was implemented, a number of licenses for electricity businesses have been issued and the projects are expected to be able to support the government’s ambitious program of boosting the country’s power capacity.

  • Govt to expedite development in 13 industrial estates

    The National Development Planning Board (Bappenas) says the government will expedite the construction of transportation facilities to support the development of 13 integrated industrial estates in areas outside Java.

  • Jokowi’s maritime highway vision takes shape

    President Joko “Jokowi” Widodo’s vision to develop a modern maritime transport system, known as “maritime highways”, is beginning to materialize with the daily operation of freighters connecting Sorong and Waisai in Papua.

  • Japan inflation cools, household spending, incomes soften

    Japan reported lackluster inflation and wages data for February that suggested Friday that its economic recovery remains in the doldrums.

  • Oil prices jump almost 5 percent as tensions mount in Yemen

    The price of oil rose sharply on Thursday as mounting tensions in Yemen got traders worried that the flow of crude from the Persian Gulf region could be disrupted.

  • How the Dow Jones industrial average fared Thursday

    U.S. stocks ended a see-saw day slightly lower Thursday, the fourth loss in a row. Edgy investors continue to monitor the conflict in Yemen and the rapid ascension of the U.S. dollar, which is causing some companies to pull back their profit expectations for the year.

  • US stocks fall for a 4th straight day; price of oil surges

    A see-saw day for U.S. stocks ended with slight losses on Thursday, giving the market its fourth drop in a row.

  • Economic packages lead to fiscal efficiency, says Bappenas

    National Development Planning Agency (Bappenas) head Andrinof Chaniago has said that the government’s economic policy packages will impact the country’s economic structure in stages.

  • BKPM praises expanded Japanese automotive investments

    The Investment Coordinating Board (BKPM) praised Japanese investors’ commitments to expand investment in the automotive sector in Indonesia.

  • BMW to roll out 10 new vehicles in Indonesia in 2015

    BMW Group Indonesia plans to launch 10 new vehicles in Indonesian in 2015 as part of the company’s strategy to keep the rupiah’s depreciation from overly affecting its sales.

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