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Business

  • Rupiah falls slightly to 11,693 per dollar on Monday afternoon

    The rupiah interbank trade in Jakarta on Monday afternoon depreciated slightly by three basis points to Rp 11,693 per US dollar.

  • KAI launch first cafe in Bandung

    State-owned train operator PT Kereta Api Indonesia (KAI), through its subsidiary PT Reska Multi Usaha (RMU), opened its first cafe in Bandung, West Java on Monday in order to cater to the burgeoning culinary market in the city.

  • JCI rises 0.79% on Monday afternoon

    The Jakarta Composite Index (JCI) rose by 0.79 percent to 5,177.61 during Monday's final trading session, supported by better economic data published by the Central Statistics Agency (BPS).

     

  • RI's inflation, imports decrease, says BPS

    Central Statistics Agency (BPS) data revealed on Monday that the country's inflation rate and imports decreased throughout last month.

     

  • Trade balance positive in July with $123m surplus

    Indonesia's trade balance swung back into positive territory in July, posting a surplus of US$123 million after a deficit of $305.1 million in June.

     

  • Rupiah strengthens to 11,686 per dollar on Monday morning

    The rupiah interbank trade rate appreciated slightly by four basis points to Rp 11,686 per US dollar in Jakarta on Monday morning.

  • RI sees second-fastest IP growth globally

    The Cisco Visual Networking Index says Indonesia’s Internet protocol (IP) growth is the second fastest in the world, meaning that the number of Internet users in the country continues to increase sharply.

     

     

  • Bakrie flagship firm sees profits surge in first half

    Widely diversified Bakrie and Brothers (BNBR), a business owned by the politically wired Bakrie family, reported a sharp increase in profits in the first half of this year thanks to a boom in the business group’s manufacturing units.

  • SMGR may delay Myanmar project

    State-run cement producer Semen Indonesia (SMGR) may have to postpone its Myanmar expansion plans until next year due to difficulties in negotiating ownership with its local partner, a company executive says.

  • Sources of third-party funds to be more limited: Top banker

    Domestic lenders will have to put more of an effort into raising third-party funds (DPK) within the next five years as the source of funds gets more limited, Citibank’s top executive has said.

  • Garuda to fly 83,144 haj pilgrims on Monday

    National flag carrier Garuda Indonesia will begin to fly 83,144 Indonesian haj pilgrims to Saudi Arabia on Monday, from 10 different destinations in the country.

     

     

  • RI sees declining risk despite weak economic fundamentals

    Despite a recent deterioration in the country’s economic fundamentals, the risk of investing in Indonesia continues to decline, as a more credible policymaking ability has eased short-term concerns and boosted the long-term outlook.

  • JCI climbs 0.5% in morning session

    The Jakarta Composite Index (JCI) opened on a positive note in Monday's first trading session, rising by 0.5 percent to 5,162.

     

     

  • StanChart’s net profit grows 32.25% in H1

    Standard Chartered Bank (StanChart) Indonesia booked a net profit of Rp 284.83 billion (US$243,652) in the first half (H1) of 2014, up by 32.25 percent from the same period last year, which reached Rp 215.37 billion.

  • Modernland to acquire further 650 hectares

    Publicly listed developer Modernland Realty plans to purchase around 650 hectares of land near Jakarta during the second half of the year to further expand the company’s real-estate business.

  • BRI to distribute riyals for Haj pilgrims

    State-owned Bank Rakyat Indonesia (BRI) has been appointed by the Religious Affairs Ministry to distribute Saudi Arabian riyal bank notes for Indonesian haj pilgrims.

  • Automotive industry not bothered by planned fuel-price hike

    Figures in the automotive industry are shrugging off worries that subsidized fuel-price increases will have a long-term affect on them.

     

     

  • KPMG assesses APRIL’s forest management

    The Stakeholder Advisory Committee (SAC) of Asia Pacific Resources International Ltd. (APRIL), one of Indonesia’s largest pulp and paper producers, has appointed KPMG Performance Registrar Inc. (KPMG PRI) to conduct specified auditing procedures to assess the implementation of its sustainable forest management policy (SFMP).

     

     

  • Benakat revenue surges in H1, but profit drops

    Publicly listed oil company Benakat Integra on Friday reported that while its first-half revenue soared by more than three times compared to the same period last year, its net profit plunged due to delays in infrastructure projects.

     

  • Local unit of S’pore retailer invests in RI

    PT Courts Retail Indonesia, a subsidiary of Singaporean retailer Courts Asia Ltd., is looking to build 10 to 12 megastores in Indonesia over the next five years.