• Correction

    In our story on AirAsia affiliates merger published on this page on Friday (Oct. 2), there was a mistake in the heading, which occurred during the pre-printing process. The heading should have been “AirAsia affiliates may merge to achieve positive equity” instead of “AirAsia affiliates may merge to achieve positive z”. We apologize for the mistake.

  • Indofood to hedge, convert foreign debts

    Consumer goods giant PT Indofood Sukses Makmur plans to hedge and convert a sum of its foreign denominated loans later this year to comply with the central bank’s hedging regulation and to reduce financial costs.

  • State companies to contribute Rp 3t more to budget

    The contribution of state-owned enterprises in the form of dividends to the state budget will increase
    Rp 3 trillion (US$203.87 million), from Rp 31 trillion in the 2015 state budget to Rp 34 trillion next year.

  • Revision set to boost printing business

    A new government regulation requiring all imported goods to have labels printed in Indonesian before entering the local market could increase job orders in the printing industry, according to a printing association.

  • Help desk to save textile, shoe industries from layoffs

    The government will launch a help desk dedicated to helping to solve problems in the textile and footwear industries in a bid to prevent more layoffs in labor-intensive businesses.

  • Third economic package ready for next week

    The government plans to launch its third economic policy package next week, with the intention of boosting investment, spurring exports and maintaining people’s purchasing power.

  • Many conventional players unaware of online potential

    The adoption of mobile apps by conventional business players could help promote their products and eventually increase the volume of sales, according a top executive of a telecommunications operator.

  • Indonesia still attractive for Japan, says BKPM

    The Investment Coordinating Board (BKPM) has expressed optimism that Indonesia is still attractive for foreign investors, especially those from Japan. The statement was made after Indonesia decided to pick China over Japan to build the Jakarta-Bandung high-speed rail project worth US$5 billion.

  • JCI declines due to profit taking

    The Jakarta Composite Index (JCI) was down at Friday’s close. The stock benchmark index dropped 1.1 percent, or 47.07 points, to 4,207.79 as investors chose to take their profits from the JCI’s three days of gain.

  • APP denies involvement in Sumatra forest fires

    Asia Pulp and Paper (APP), part of local conglomerate Sinar Mas Group, has denied involvement in recent pollution-producing Sumatra forest fires after the company’s name was brought into the media spotlight over the issue.

  • AirAsia affiliates may merge to achieve positive z

    Indonesia AirAsia (IAA), a subsidiary of Malaysian budget airline AirAsia Group, may have to merge with its sister company, Indonesia AirAsia X, if it fails to reverse its negative equity as required by the government.

  • XL pays US debts early to ease currency risks

    XL Axiata, one of Indonesia’s major cell phone operators, has decided to pay part of its US dollar denominated debts and convert another foreign debt portion to reduce currency risks resulting from the sharp depreciation of the Indonesian currency against the US dollar.

  • Batang power plant project faces further delays

    Due to a lengthy land clearance process, the full-scale development of the controversial Batang power plant in Central Java is facing further delays, which has pushed the developer to seek an extension for the project’s financial closure.

  • Economy in brief: Jamkrindo Syariah to help boost SMEs growth

    Sharia-compliant credit insurance company PT Jamkrindo Syariah plans to boost its sharia financing services to help boost the growth of small and medium enterprises (SMEs) amid a domestic economic slowdown, underlining the potential of sharia financing to improve financial inclusion.

  • New website offers more services for traders

    The government relaunched on Wednesday its export-import licensing website, the Indonesia National Single Window (INSW), with new features and services to support efforts to cut red tape and unify data.

  • OJK initiates venture capital for start-ups

    The Financial Services Authority (OJK) plans to collect funds from investors and conglomerates to support local start-ups in a bid to grow Indonesia’s domestic creative industry amid a domestic economic slowdown.

  • September deflation brings full-year target on track

    Consumer prices fell for the third time this year in September, putting the full-year inflation target on track.

  • 10 million foreign tourist arrivals on track, govt says

    The country is on course to meet its target of 10 million foreign tourists this year as data up to August showed encouraging signs despite a temporary glitch from airport shutdowns across Java and Bali because of volcanic ash.

  • After delays, 12 foreign companies kick off production

    Twelve foreign companies that have invested in the labor-intensive industry have started production, contributing significantly to national exports and absorbing thousands of workers, according to the Investment Coordinating Board (BKPM).

  • Jakarta-Bandung bullet train unnecessary: House deputy speaker

    The government’s decision to move forward with plans for the Jakarta-Bandung bullet train project with China as the sole investor has invited criticism from the House of Representatives (DPR) deputy speaker Fadli Zon.