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Business

  • Germany to require 30 pct women in top boardrooms

    Germany's leading companies will need to have at least 30 percent women on their supervisory boards from 2016, according to a new directive being adopted by the government, Chancellor Angela Merkel said Wednesday.

  • PTPP to expand into Australia

    State-owned construction firm PT Pembangunan Perumahan (PTPP), through its subsidiary PT PP Properti, is set to expand its business into Australia next year.

  • JCI rises 0.28% at Wednesday's close

    The Jakarta Composite Index (JCI) closed on a positive note on Wednesday, rising by 0.28 percent to 5,133.04.The Indonesia Stock Exchange (IDX) data showed that 145 stocks strengthened while 140 stocks weakened by 4 p.m on Wednesday, kontan.co.id reported.

  • Rupiah falls to 12,164 per dollar at Wednesday's close

    The rupiah interbank trade rate in Jakarta on Wednesday weakened by one basis point to Rp 12,164 per US dollar from Rp 12,163 in earlier trading.

  • ZTE launches three Blade series to penetrate RI’s market

    Chinese cell phone maker ZTE Corporation launched three Blade series smartphones simultaneously in Jakarta on Wednesday to strengthen its foothold in the country’s telecommunication industry.

  • Philips’ health division sees strong growth in RI

    Appliances manufacturer PT Philips Indonesia says there is strong demand from the market for its healthcare products due to the implementation of the central government’s Healthcare and Social Security Agency (BPJS Kesehatan).

  • Rupiah, JCI rise slightly on Wednesday morning

    The rupiah interbank trade rate in Jakarta on Wednesday morning rose slightly by one basis point to Rp 12,145 per US dollar from Rp 12,146 per dollar in earlier trading.

  • Focus on corporate sustainability at inaugural ACES Awards

    Sustainability and the impact of a company’s corporate social responsibility (CSR) programs will be the aspects to look out for at the first ever Asia Corporate Excellence and Sustainability (ACES) Awards, held in Singapore on Nov. 26.

  • Govt to build more industrial estates

    The government will develop integrated industrial areas and technology parks in a number of regions throughout the country as part of President Joko “Jokowi” Widodo’s program to accelerate economic growth, a senior economic minister has said.

  • Banks get better access to tap micro segment

    The newly launched branchless banking regulation will enable banks to expand their financial services to disadvantaged and low-income segments at affordable costs, a senior official of the Financial Services Authority (OJK) has said.

  • Ministry drafts new formula for wage hike

    The Industry Ministry will propose a new formula to determine the amount of the annual minimum wage increase, to settle a continuing dispute between employers and labor unions on the issue.

  • Analysis: Strengthening property developers’ financial capacity

    Indonesia has become an attractive market for other ASEAN countries due to its stable economic growth supported by an increasing middle class.

  • Astra upbeat despite fuel price increases

    Diversified conglomerate Astra International Indonesia is confident it will maintain its automotive sales next year at the same level as this year, saying the increase in fuel prices and Bank Indonesia’s (BI) benchmark rate will have only a brief effect.

  • Garuda, Myanmar Air ink code-share deal

    Under a code-share agreement with Myanmar Airways International, national flag carrier Garuda Indonesia will now offer flights to Myanmar’s largest city, Yangon, to support growing cooperation between the two countries.

  • Waskita injects capital for precast unit expansion

    State-run construction firm Waskita Karya said Tuesday that it had allocated nearly Rp 600 billion (US$49.27 million) for its concrete subsidiary, Waskita Beton Precast (WBP)’s, initial capital, most of which will be used to finance the newly spun-off firm’s capacity expansion.

  • Tower firms refinance debts to press interest costs

    The country’s tower operators are starting to refinance their debts to avoid ballooning debt interest and improve financial ability for expansion, in turn enhancing their business performance.

  • Asia stocks rise after US growth revised higher

    Asian stock markets mostly posted modest gains Wednesday as stronger U.S. growth was tempered by a less rosy outlook for China.

  • Singapore’s GIC to invest in RI property

    Singapore’s sovereign wealth fund GIC and Indonesia’s Rajawali Group have agreed to jointly invest up to $500 million in equity in property projects in Indonesia, the two companies said in a statement on Tuesday.

  • Insurance plan

    Fishermen check their fishing nets at Karangsong dock in Indramayu, West Java, before going out to sea on Tuesday. The Financial Services Authority has pushed insurance companies to develop micro-insurance products for the fishermen. 

  • Friendly visit

    Indonesian Petroleum Association (IPA) board of directors member Roberto Lorato (left to right), board president Lukman Mahfoedz, board members Hardy Pramono and Craig Stewart as well as executive director Dipnala Tamzil, are pictured during a visit to The Jakarta Post office in Jakarta on Tuesday.

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