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Business

  • RI biggest laptop market in region

    In spite of recent technological advancements in mobile devices and consumer trends shifting toward the latest portable products, sales of laptop computers managed to hit nearly 4.9 million units in Southeast Asia’s six key markets in the first three quarters of this year.

  • Blackberry posts 3Q adjusted profit, revenue down

    Blackberry reported an adjusted profit for its fiscal third quarter, surprising Wall Street. But its revenue fell, missing analysts' estimates.

  • Trade minister seeks to nominate Puan as 'jamu' ambassador

    Trade Minister Rahmat Gobel said on Friday that he would go all out to promote the consumption of jamu (Indonesian herbal and traditional medicine) domestically and abroad.

  • Govt appoints Telkomsel chief to lead Telkom

    After his appointment during Telkom's shareholders meeting, Alex said he would lead Telkom to become a global player amid a challenging global environment.

  • Star Alliance members to enhance networks to RI

    A number of Star Alliance member carriers are set to enhance their networks to Indonesia in 2015 in order to tap into the growth of travel demands from the country’s rising middle class and affluent consumers.

  • Chinese businessmen urge establishment of China desk in Indonesia

    Chinese businessmen have underlined the importance of the establishment of a China desk at the Indonesian Investment Coordinating Board (BKPM) to provide guidance and facilitate their investments in Indonesia.

  • 8 children killed in home in northern Australia

    Eight dead children and a woman suffering from stab wounds were found inside a home in a northern Australian city on Friday, police said.

  • Asia equity rally continues after Fed rate pledge

    Asian stocks rallied for a second day Friday after the Federal Reserve's reassurance it was in no hurry to hike interest rates. But shares of Sony Corp. dropped as a hacking scandal rocked its American movies unit.

  • Stable market next year, says Allianz

    Private life insurer PT Asuransi Allianz Life Indonesia predicts the life insurance industry will become more stable in 2015 after suffering a sharp decline this year. However, it may lose some of its corporate clients to the national health insurance (JKN) program.

  • OCBC NISP to review bond-issuance plan

    Publicly listed bank OCBC NISP, part of Singaporean lender OCBC Bank, will review its plan to issue Rp 3 trillion (US$235.85 million) worth of bonds in 2015 due to recent volatility in the financial market, its top executive has said.

  • DBS aims 15% growth in wealth management

    Bank DBS Indonesia, part of the Singapore-based DBS Group Holdings Ltd., expects its newly launched currency linked investment to help boost the lender’s wealth management business next year.

  • Rupiah rises to 12,468 in opening session

    The rupiah opened at 12,468 per US dollar on Friday, up from 12,562 per dollar.

  • JCI extends gains, opening at 5,141

    The Jakarta Composite Index (JCI) extended its gains on Friday, opening 0.55 percent higher in line with the regional trend, analysts said.

  • Reform team recommends end to RON 88 gasoline imports

    The reform team for the oil and gas sector has recommended that state-owned PT Pertamina stop importing the registered octane number (RON) 88 specification gasoline so as to diversify the company’s supply sources.

  • Govt passes import quota of 600,000 tons for first quarter

    The government issued an import quota of 600,000 tons of raw sugar on Thursday to fulfill the needs of the domestic refining industry in the first quarter of next year.

  • Duties on finished goods to be raised

    The government is assessing the possibility of raising import duties on a wide range of finished goods as part of its efforts to harmonize its tariffs.

  • Govt to speed up railway projects next year

    President Joko “Jokowi” Widodo plans on launching several major railway projects next year to connect cities and strengthen the logistics network across the archipelago.

  • SNI-non-compliant importers punished

    The Trade Ministry has frozen and revoked dozens of goods identification numbers owned by importers that sell products that do not comply with National Indonesian Standards (SNI).

  • Sony hacking fallout puts all companies on alert

    Companies across the globe are on high alert to tighten up network security to avoid being the next company brought to its knees by hackers like those that executed the dramatic cyberattack against Sony Pictures Entertainment.

  • How the Dow Jones industrial average did Thursday

    The Dow Jones industrial average had its biggest day in three years, soaring more than 400 points as the stock market extended a rally into a second day.

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