• Moody’s sees stable growth ahead, headwinds remain

    Indonesia is predicted to see stable growth in the near future after taking several measures, but the economy remains susceptible to external headwinds, according to a report by rating agency Moody’s.

  • Adira Finance eyes higher growth after 2015 slump

    After struggling with the impact of a sluggish economy in 2015, major automotive financing firm Adira Finance expects business to recover following a slump last year caused by weak demand in the national automotive market.

  • Minnow MARI to compete against media heavyweights

    Radio broadcasting company PT Mahaka Radio Integra might have enjoyed a smooth ride on its first day listed on the Indonesian Stock Exchange (IDX) on Thursday, but its celebrations could be short-lived amid likely tighter competition with existing visual-media giants on the bourse.

  • Newmont goes on with divestment amid uncertainty

    Copper mining company PT Newmont Nusa Tenggara will continue offering shares to the government to comply with a mandatory divestment rule, though there is no clear indication whether the offer will be accepted.

  • Economy in brief: Pelni to buy cruise ship

    PT Pelni plans to buy one cruise ship this year as part of its participation in the government’s marine tourism campaign.

  • Economy in brief: Tutor-search start-up to launch mobile app

    Education start-up Ruangguru.com is to launch a beta version of its mobile app and a revamped website in the coming weeks ahead as a way to step up its operations within the education sector.

  • Economy in brief: INKA gets loan to export railway cars

    The Indonesian Export Financing Agency (LPEI), also known as Indonesia Eximbank, has signed a loan agreement with state-owned train manufacturer Industri Kereta Api (INKA) to export railway cars to Bangladesh. The state-run financing firm was appointed by the government to provide working capital loans worth Rp 270 billion (US$20.1 million) to INKA, which will use the funds to finance the shipment of railway cars to the South Asian country.

  • Economy in brief: Govt to allocate Rp 2.1 trillion to NTB

    The Public Works and Public Housing Ministry will allocate Rp 2.1 trillion (US$156 million) from the 2016 state budget to aid the development of West Nusa Tenggara (NTB).

  • Indonesia to promote specialty coffee in US to boost exports

    The government is seeking to promote Indonesian coffee and boost coffee exports, particularly to the US, by confirming its participation at an exhibition in Atlanta, Georgia, in April.

  • XL sacrifices 2G network to accommodate increasing 4G

    Telecommunications company PT XL Axiata is gradually shifting its 2G network from the faster 1,800 MHz spectrum to its lower frequency 900 MHz spectrum in order to make more room to accommodate its 4G/LTE network.

  • Fate of spending overhaul rests with ministers

    President Joko “Jokowi” Widodo’s plan to overhaul the government’s spending system will depend on his ministers and whether or not they have a clear and strong will to direct their subordinates to follow through with the changes.

  • Govt pushes for renewable energy despite cheaper oil

    The government has stepped up its efforts to reach the 23 percent targeted renewable energy utilization over the next nine years, by boosting regional partnership, research and clean energy investment despite cheaper fossil-based fuels.

  • Pertamina seeks loan for refinery face-lift project

    State-owned oil and gas giant Pertamina is seeking external funding to upgrade its refineries following the withdrawal of its Japanese partner from the project.

  • Banks expect higher earnings from international business

    Large domestic banks with overseas networks expect that their earnings from international trade financing will continue to grow this year despite the global economic slowdown.

  • Banks may lay off more workers this year

    Layoffs in the banking industry may continue this year, but the number will not be as high as in 2015 when thousands of workers lost their jobs, a senior official from the Financial Services Authority (OJK) has said.

  • Economy in brief: JFX opens new hotline

    The Jakarta Futures Exchange (JFX) on Wednesday announced a new hotline service to facilitate customer transactions.

  • Economy in brief: BNI Syariah profit up 39% in 2015

    BNI Syariah posted Rp 228.52 billion (US$16.95 million) in profit last year, up 39 percent from the previous year, the Sharia-based lender said in a statement.

  • Economy in brief: Gapura revamps ground handling equipment

    Airport ground handling firm PT Gapura had introduced new equipment to upgrade its services, the company said in a statement on Tuesday.

  • E-commerce road map to be issued this month

    The government is finalizing a long-awaited e-commerce road map that will provide guidelines on digital business, from start-up funding and consumer protection to cyber security.

  • Flexible workers preferred in new economy

    With shifting business practices, companies prefer employing a flexible and multi-talented workforce rather than those who possess just one area of expertise, according to a survey conducted by the consulting firm Accenture.