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Jakarta Post
A vendor looks at a mobile phone while waiting for frozen squid to defrost in Muara Baru Modern Fish Market in Penjaringan, North Jakarta, on Sept 14, 2019.
A vendor looks at a mobile phone while waiting for frozen squid to defrost in Muara Baru Modern Fish Market in Penjaringan, North Jakarta, on Sept 14, 2019.`
Regulations premium

Businesses fret over extended export earnings lockup

Indonesian businesses have expressed concern over a new regulation on export receipts (DHE) that they say disrupts their cash flow and ultimately jeopardizes their global competitiveness.

1 hour ago
Markets premium

Two-wheeler sales see slight uptick amid sluggish 2024

The motorcycle industry expects 2025 will be challenging, partly due to multiple additional taxes for new purchases levied by regional governments.

14 hours ago
Markets

IDX Composite drops as foreign outflows weigh on market

The IDX Composite index plunged 1.02 percent on Monday amid global concern over the United States Federal Reserve’s rate cuts and continued foreign capital outflows.

14 hours ago

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Companies premium

PIK 2’s subsidiary raises Rp 2.3t in IPO to fund conference center project

The firm plans to channel the funds into the construction of the Nusantara International Convention and Exhibition (NICE) center, which is scheduled to open its doors in September this year.

16 hours ago
Regulations premium

Indonesia to roll out sweetened beverage excise by second half of 2025

According to the 2025 state budget, the government has set a Rp 3.08 trillion (US$190.3 million) revenue target from the excise on sweetened beverages, much lower than the Rp 4.3 trillion stipulated in the 2024 state budget.

18 hours ago
Economy

China saw booming exports in 2024 as Trump tariffs loom

China's exports surged to a record high in 2024, providing a much-needed boost for the economy as the prospect of biting tariffs imposed by US president-elect Donald Trump looms.

22 hours ago
Regulations premium

Businesses welcome another round of import policy revision

It is not clear what changes the government would introduce, but some businesses are in favor of reviving the import restrictions introduced in past regulations.

1 day ago
Economy premium

Japan announces RI projects worth $815m on PM Ishiba’s visit

A third expansion of Patimban Port in West Java is to receive the lion’s share of the funding.

2 days ago
tech

South Korea’s chip exports to China slow amid surge in Taiwan shipments

China and Hong Kong combined accounted for 61.6 percent of Korean semiconductor exports in 2020, but by the end of 2024, that figure had dropped to 51.7 percent, according to data from the Korea International Trade Association.

5 days ago
tech

Google pays Canada media $100 million to use content

The Google funds were transferred to the Canadian Journalism Collective, a non-profit set up to distribute the money, a spokesperson for the tech giant confirmed.

1 week ago
tech

UK study warns of perils in AI-driven 'intention economy'

Conversational artificial intelligence (AI) tools may soon "covertly influence" users' decision making in a new commercial frontier called the "intention economy", University of Cambridge researchers warned in a paper published Monday.

2 weeks ago
tech

OpenAI outlines plans to becoming for-profit company

In a blog post, the company said it plans to restructure as a PBC, which "requires the company to balance shareholder interests, stakeholder interests, and a public benefit interest in its decision making."

2 weeks ago
companies

Unilever's Indonesia headache worsens with boycott as local brands seize the day

Unilever, like other big consumer goods companies, has been under fire in many Muslim-majority countries for what some shoppers see as tacit support of Israel's military offensive in Gaza through business activity.

4 days ago
companies

Steel setback: Biden risks Japan ties, investment

Nippon Steel touted the $14.9 billion deal as a lifeline for its rusting US rival, but opponents warned that the Japanese firm would slash jobs -- despite assurances to the contrary.

5 days ago
companies

Biden blocks takeover of US Steel by Japan's Nippon Steel

Nippon and US Steel blasted Biden's decision, calling it a "clear violation of due process" and a political move, and saying they would "take all appropriate action" to protect their legal rights.

1 week ago
companies

X, Spotify, other digital services see 12% VAT on fees

The fees for some digital services, primarily premium subscriptions, have been subject to a 12% VAT since Wednesday, when the new rate went into effect.

1 week ago
markets

IDX Composite drops as foreign outflows weigh on market

The IDX Composite index plunged 1.02 percent on Monday amid global concern over the United States Federal Reserve’s rate cuts and continued foreign capital outflows.

14 hours ago
markets

IDX Composite rises 0.34%, supported by foreign inflows

The IDX Composite rose 0.34 percent on Friday due to significant foreign inflows as market sentiment improved despite global uncertainties.

3 days ago
markets

IDX Composite gains 0.04% with positive foreign market sentiment

The IDX Composite closed slightly higher on Tuesday, up by 0.04 percent. It iswassupported by positive foreign investor sentiment despite mixed sector performances.

6 days ago

Today's ePost

Tue, January 14, 2025

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