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Business

  • Instill pride to strengthen team

    At the helm of a food and beverage giant, Yusuke Nakazawa creates trust and confidence in his employees, who he sees as partners that help spur the business.

  • From problem solver to agenda setter

    Leaders can rise through the ranks on the strength of their problem-solving skills. But once at the top, a business leader needs to focus less on fixing problems and more on setting the agenda for what the organization should be doing.

  • The mind map of blue ocean leadership

    Releasing the ocean of untapped talent and energy of employees is something few companies can afford not to do. Visualizing blue ocean leadership in comparison to conventional leadership practices will help you with implementation.

  • Long way to go for prepaid to prevail

    More than five years after introducing prepaid cards as a payment tool, major banks are still having a hard time expanding the card’s penetration as card usage remains low.

  • Govt wants Pertamina as Mahakam operator

    The Energy and Mineral Resources Ministry said it will grant state-owned PT Pertamina the valuable Mahakam block but will allow current operator Total E&P Indonesie to be a minority shareholder.

  • One public entity to control urban transportation services: Govt

    The Transportation Ministry is planning to restructure the ownership of the country’s urban transportation in a move that will see one entity controlling urban transportation services, hence making them more affordable for users.

  • Government settles on four blocks, three in the pipeline

    In an apparent move to rebuild confidence among contractors and provide certainty in the oil and gas sector, the Energy and Mineral Resources Ministry announced on Friday its decision on the contracts of four blocks and is looking to rule on more working areas in the near future.

  • New local bond index seen shoring up liquidity

    The Indonesia Bond Pricing Agency (IBPA), along with the Financial Services Authority (OJK) and the Indonesia Stock Exchange (IDX), launched Friday local benchmark bond indexes Indonesia Bond Indexes (INDOBeX), expected to shore up activities in the local bond market as investors would benefit from more accessible data on prices and performance.

  • Bumi sells 50 percent stake in its subsidiary

    Indonesia’s largest coal miner, PT Bumi Resources, announced on Friday that it had sold 50 percent of its shares in subsidiary PT Fajar Bumi Sakti (FBS) to reduce its US$130 million debt.

  • Indofood CBP takes over Danone’s local dairy unit

    Consumer goods firm Indofood CBP Sukses Makmur (ICBP) — part of Indofood Group — has acquired the entire stake of Spanish-French food company Danone’s dairy produce subsidiary, in an attempt to boost its own dairy output.

  • Jasa Marga predicts sunny future after government boost

    State-owned toll road operator PT Jasa Marga sees huge potential for its business on the back of the government’s vision to massively extend the nation’s toll road network.

  • RI auto industry can rival Thai’s: Minister

    Industry Minister Saleh Husin expresses optimism that the country’s automotive industry could compete with Thailand’s, which currently leads the automotive market.

  • Govt plans to use railway to cut logistics costs

    The government plans to use railway transportation services for the distribution of essential goods to cut logistical costs.

  • Japan orders air bag maker to conduct probe

    Japan's transport ministry said Friday it has ordered air bag maker Takata to conduct an internal investigation after cases of its air bags exploding triggered safety concerns in the United States and other countries.

  • JCI, rupiah strengthens at Friday’s close

    The Jakarta Composite Index (JCI) and the rupiah interbank trade rate closed on a positive note on Friday.

  • Sriwijaya to connect Medan with Terengganu, Ipoh

    Privately owned carrier Sriwijaya Air is going to connect its hub in Medan, North Sumatra with two destinations in Malaysia, Terengganu and Ipoh, next week in order to accommodate increasing demand from the travel market.

  • Garuda to chair Asia Pacific airlines association in 2015

    The Association of Asia Pacific Airlines (AAPA) has appointed flag carrier Garuda Indonesia president director Emirsyah Satar as its chairman for the 2015 period.

  • Energy Ministry rules on fate of 4 blocks

    The Energy and Mineral Resources Ministry announced on Friday its decision regarding the fate of four oil and gas blocks whose operatorship has expired or is about to expire.

  • Pertamina to have majority stake in Mahakam block

    The Energy and Mineral Resources Ministry has decided in principle to make PT Pertamina a major shareholder in the valuable Mahakam block.

  • Industry minister optimistic that automotive industry can rival Thailand's

    Industry Minister Saleh Husin expresses optimism that the country’s automotive industry could compete with Thailand's, which currently leads the automotive market.

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