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Jakarta Post
Companies

Berkshire has record profit, cash soars to $189b as Apple stake sinks

Berkshire Hathaway Inc posted a record quarterly profit on Saturday, boosted by strength in its insurance operations, and appears to have sold a significant number of Apple shares as its cash stake swelled to $189 billion.

1 day ago
Economy premium

Bali a dental paradise for tourists

Tourists are flocking to Bali not solely for leisure pursuits but also to make the most of the island's affordable dental treatment. ...

1 day ago
Markets

IDX Composite rises 0.24% despite declines in most Asian bourses

The IDX Composite closed at 7,134, up by 0.24 percent on Friday, contrasting with most Asian stock markets. ...

2 days ago

The Latest

Regulations premium

Indonesia’s protectionist policies could contravene OECD membership

OECD committees may recommend changes to Indonesia’s legislation, policy and practices to bring them further into line with OECD standards and best practices.

2 days ago
Economy premium

Indonesia turns to Australian sugarcane to boost sugar, bioethanol production

The government wants to make Indonesia, currently one of the world’s top sugar importers, self-sufficient in sugar and bioethanol production by 2027.

2 days ago
Tech premium

Govt announces hydrogen pilot project for transportation

The New and Renewable Energy and Energy Conservation Directorate General has announced a hydrogen trial for buses, trucks and other heavy vehicles.

2 days ago
Markets

Yen poised for best week in over a year; dollar awaits US jobs data

The yen was headed for its best week in more than a year on Friday, helped by Tokyo's suspected intervention this week to pull the Japanese currency away from 34-year lows, which also left the dollar broadly on the back foot.

2 days ago
Markets

Asian stocks surge on tech boost; yen extends gains to cap wild week

Asian stocks rallied on Friday after Apple's record $110 billion share buyback plan lifted the tech sector, while the yen put more distance from recent 34-year lows to cap a tumultuous week that saw suspected interventions from Tokyo.

2 days ago
Economy

Indonesia reaffirms commitment to active role in world order with OECD accession road map

Representing the Indonesian government, Coordinating Economic Minister Airlangga Hartarto received the road map for Indonesia's Organisation for Economic Co-operation and Development (OECD) membership accession, at the opening of the OECD Ministerial Level Meeting in Paris on Thursday.

2 days ago
Economy premium

Inflation eases but rate cut deemed unlikely for now

Indonesia’s consumer price index (CPI) growth has been steadily within acceptable boundaries for almost a year, yet Bank Indonesia (BI) hiked its key interest rate twice during that time, and analysts believe the central bank will remain cautious despite inflation being under control.

3 days ago
Markets

IDX Composite falls 1.61% as Fed delays interest rate decision

The IDX Composite dropped by 116.77 points, or 1.61 percent, on Thursday to close at 7,117.42 as the Fed delayed an expected interest rate decision.

3 days ago
Economy

OECD lifts global growth forecast, driven by US

The OECD on Thursday raised its forecast for global growth in 2024, boosted by a dynamic recovery in the United States as the eurozone lags behind.

3 days ago
Companies premium

Garuda Indonesia books 18% annual revenue growth in Q1

Indonesia’s flag carrier has reported revenue of US$711.98 million for the first quarter of 2024, marking an 18.07 percent increase over a one-year period.

3 days ago
Companies

Microsoft to invest $2.2 billion in cloud and AI services in Malaysia

The investment, the largest in Microsoft's 32-year history in Malaysia, will include building cloud and AI infrastructure, creating AI-skilling opportunities for 200,000 people, and supporting the country's developers, the company said.

3 days ago
Companies premium

Astra aims to launch more EVs in the next 2 years

The plan would mark a shift in the company’s automobile focus, as it primarily relies on internal combustion engine (ICE) and hybrid vehicle sales.

3 days ago
Markets

Asia stocks rise as Fed tamps down hike fears; yen leaps

Asian stocks and US futures rose on Thursday after the Federal Reserve downplayed risks of an interest rate hike, while the yen was bumpy after another burst of suspected intervention from Japan.

3 days ago
Companies

Taking plastics full circle: Creating a sustainable future in Indonesia

Indonesia has an opportunity to take a holistic, cross-stakeholder approach by restoring the nonbiodegradable, fossil fuel-based material to its original aim: to reduce harm to nature.

3 days ago
Regulations premium

Foreign firms call for better intellectual property protection

Indonesia’s relative lack of intellectual property (IP) protections has made investing in the country less appealing, foreign businesses have said, as they urge the government to improve IP regulation and enforcement.

3 days ago
Regulations premium

Sri Mulyani vows to improve customs services

Finance Minister Sri Mulyani Indrawati has ordered the Customs and Excise Directorate General to improve its services after several complaints by Indonesians buying goods from abroad made the rounds on social media.

4 days ago
Companies

KFC shutters over 100 restaurants in Malaysia amid pro-Palestine boycott

A source said the firm sees the boycott as an opportunity to cease some of the KFC store operations that have weighed on its balance sheet.

4 days ago
Companies premium

China's BYD to build factory at Subang Smartpolitan

The world's leading EV maker has signed an MoU to build a manufacturing plant in West Java with an annual capacity of 150,000 units to start operating in January 2026.

4 days ago
Companies premium

Microsoft vows to invest $1.7 billion in Indonesia

US tech giant Microsoft has announced plans to invest US$1.7 billion in Indonesia to develop an artificial intelligence ecosystem and nurture the digital talents of 840,000 people in the next four years.

4 days ago
Tech

BenQ, right partner to accelerate quality of education in Indonesia

Speeding up the quality of education, one of Indonesia’s development priority programs, can be quite challenging amid the increasingly dynamic and diversified environment.

4 days ago
Companies

Indosat's exceptional growth fuels ambition to empower Indonesia with AI

Indosat Ooredoo Hutchison (IDX: ISAT) has today announced its results for the first quarter of 2024, reporting outstanding financial and operational performance.

4 days ago
Economy premium

RI, Singapore move forward with solar power export plan

President Joko “Jokowi” Widodo announced at the Leaders’ Retreat at Bogor Palace on Monday that the government would move forward with a plan to enable solar power exports to Singapore.

5 days ago
Tech

Financial Times enters ChatGPT content deal

The deal allows select attributed summaries, quotes and links from the FT's reporting to appear in ChatGPT responses to relevant queries.

5 days ago
Tech premium

AFPI projects conservative growth amid macro woes, stringent rules

Fintech lending association projects between 5 and 7 percent growth for the sector this year.

5 days ago
Economy

China's factory activity grows for second straight month

China's factory activity grew for a second successive month in April, data showed Tuesday, providing some good news for officials battling to kickstart the vast economy in the face of weak domestic demand and a battered property sector.

5 days ago
Markets

Stocks in Asia rise, yen wobbles after volatile start to week

Asian stocks inched higher on Tuesday as investors awaited a slew of economic data, corporate earnings and the US Federal Reserve's policy meeting, while the yen was slightly weaker a day after suspected intervention rescued it from 34-year lows.

5 days ago
Regulations premium

Plan for 70% renewables in 2024 RUPTL could face challenges

Introducing more renewables will only be possible if the country can solve its persistent electricity problems.

5 days ago

Today's ePost

Sat, May 4, 2024

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