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Business

  • JCI continues to rally on Friday

    The Jakarta Composite Index (JCI) closed on a good note this week as positive sentiments from the regional market encouraged investors to buy stocks.

  • Rupiah strengthens slightly on Friday afternoon

    The rupiah strengthened slightly in the afternoon interbank trade on Friday as positive sentiment from the domestic market overcame global pressure.

  • Japan requires companies to set goals in hiring female execs

    Japanese lawmakers approved a law Friday requiring large employers to set and publicize targets for hiring or promoting women as managers.

  • Audi, Mercedes spice up GIIAS

    Two German premium-car producers launched their newest models at the Gaikindo Indonesia International Auto Show (GIIAS) on Thursday to tap into growing demand among the country’s wealthy consumers for exclusive cars.

  • BTN to boost low-cost fund through savings

    State-owned lender Bank Tabungan Negara (BTN) expects that one of its major savings products will help boost its low-cost fund portion as part of efforts to decrease high lending rates, its executive said.

  • IDX probes six brokers for alleged stock crimes

    The management of the Indonesia Stock Exchange (IDX) is investigating six brokerage companies for their alleged involvement in illegal short-selling practices on the local bourse.

  • Many firms still blind to importance of customer services

    Many Indonesian companies remain unaware of the need to provide more convenient and technologically integrated customer services, a new survey has suggested.

  • FIF to raise Rp 1.5 trillion from upcoming bond issuance

    The Federal International Finance (FIF) Group, the motorcycle financing unit of diversified conglomerate Astra International Indonesia, expects to raise up to Rp 1.5 trillion (US$108.5 million) from the issuance of serial bonds next month.

  • Govt set to fill Jatigede Dam as relocations near completion

    The government is determined to fill in the long-awaited Jatigede Dam in Sumedang, West Java, as soon as 950 families living around the project area have been relocated.

  • Rp 141 billion granted to regions

    The government has handed over several state assets, including properties and drinking water treatment systems, to regional administrations with the hope they will be better maintained.

     

  • Businesses urge quick action to tame volatile rupiah

    Business owners have demanded that the government and Bank Indonesia prepare comprehensive measures to alleviate the impact of the depreciation of the rupiah because they have started to feel the pinch from the pressure of the weakening currency.

  • Tax holidays designed to turn RI into industrial hub

    New tax holiday facilities introduced by the government will help Indonesia to reduce its dependency on commodity-based exports and significantly boost the country’s manufacturing sector, a senior official has said.

  • BRI, BNI ready to buy back shares: Minister

    State-owned Enterprises Minister Rini Soemarno said on Friday that two state lenders, Bank Rakyat Indonesia (BRI) and Bank Negara Indonesia (BNI), were ready to buy back shares to push up their stock prices at the local bourse.

  • Jokowi cuts the ribbon on six diesel power stations in NTT

    President Joko "Jokowi" Widodo has officially opened six diesel power stations (PLTD) in East Nusa Tenggara (NTT) on Friday via a video conference that he joined from a steam-fueled power plant (PLTU) in Batang, Central Java.

  • Soekarno-Hatta’s expanded Terminal 3 to open next July

    The redevelopment of Terminal 3 at Soekarno-Hatta International Airport will be ready for operation in July next year during the Idul Fitri holiday, an official says.

  • China eases property investment rules for foreigners

    China has eased property investment rules for foreign individuals and institutions across the country, enabling qualified foreign institutional and individual investors to buy more properties on the Chinese mainland, authorities announced in a circular on Thursday evening.

  • Asia markets rally after strong US growth figures

    Asia stocks staged another rally in early trade on Friday, taking heart from strong US growth figures to cement a recovery after a torrid week when global markets took fright over China's gloomy economic outlook.

  • JCI strengthens on Friday morning

    The Jakarta Composite Index (JCI) opened on a positive note at Friday’s first trading session enjoying positive sentiments in the domestic market.

  • Global stocks climb as US growth offsets China fears

    Global stock markets surged Thursday on renewed confidence in the US recovery after days of wild swings, but some observers warned of more turbulence to come over the slowing Chinese economy.

  • Tokyo stocks jump 2.4% at open after Wall Street surge

    Tokyo stocks jumped 2.4 percent at the open on Friday after strong US economic data sent Wall Street flying and extended a global rally that saw a surge in Chinese equities.