Automakers see the semiconductor shortage as preventing them from fully using a temporary tax cut on new cars to recover sales to prepandemic levels.
3 years agoTelco company XL Axiata saw its profit drop by 51 percent to Rp 1.01 trillion (US$70.86 million) in the January to September period, from Rp 2.07 trillion a year earlier. ...
3 years agoPublicly listed Bank KB Bukopin is seeking to raise trillions of rupiah in a rights issue later this month as part of its efforts to develop its technological infrastructure and expand lending to the small business and retail sectors. ...
3 years agoThe app for trading cryptoassets like Bitcoin and Ethereum plans to use the investment to add more assets as it aims to attract more users in Indonesia, where the number of crypto investors has been growing fast.
3 years agoThe assertion that carbon dioxide (CO2) must be reduced is widely accepted globally. A set of empirical studies has confirmed that carbon dioxide is the main cause of the greenhouse gas (GHG) effect. GHGs are believed to be responsible for global climate change, resulting in massive floods, crop failures and melting polar ice caps, which threaten the future of humans and other living beings on the Earth.
3 years agoIn the last few years, skincare products with natural ingredients have been steadily increasing in popularity as a result of their health benefits.
3 years agoBank Indonesia is working with other central banks and governments in the ASEAN region and China to reduce reliance on the US dollar for cross-border trade and investment.
3 years agoPertamina Hulu Rokan (PHR) officially took over the Rokan block in Riau from PT Chevron Pacific Indonesia (CPI), a subsidiary of one of the world’s biggest oil companies, Chevron, on Monday.
3 years agoE-commerce Tokopedia is deepening its online groceries segment by digitalizing traditional markets and connecting app users with nearby grocery stores to seize the growing e-groceries market.
3 years agoThe President has hailed Monday's launch of the latest version of the OSS system, which is expected to speed up business licensing and boost Indonesia's EODB ranking, although it took three tries to a successful launch.
3 years agoThe government has extended to December a VAT tax break on new houses, which has helped banks record second-quarter growth in housing loans.
3 years agoAsian shares wobbled on Monday amid sharp losses in gold and oil prices, while the dollar reached four-month highs on the euro after an upbeat US jobs report lifted bond yields.
3 years agoCoordinating Economic Affairs Minister Airlangga Hartarto has said the government will focus its resources on containing the second COVID-19 wave in the third quarter.
3 years agoCan clean power pledges from private corporations help the country achieve its carbon targets while renewable energy in the country is hard to come by?
3 years agoIndonesia will need US$365 billion in investment to achieve its minimum 29 percent emissions reduction target by 2030.
3 years agoBukalapak, after making history as the first unicorn start-up to list on the Indonesian bourse, did not disappoint on its first trading day.
3 years agoHealth tech start-ups in Indonesia are poised to focus on homecare innovations over the year after they saw major success with online consultation services, which gained widespread popularity amid the COVID-19 pandemic.
3 years agoThere are now more crypto investors in Indonesia than individual retail investors registered with the Indonesia Stock Exchange (IDX).
3 years agoState-owned cement producer PT Semen Indonesia has reached a US$220 million deal to establish a strategic partnership.
3 years agoStatistics Indonesia (BPS) reported on Thursday that Indonesia’s gross domestic product (GDP) grew 7.07 percent year-on-year (yoy) in the April-to-June period, which is the first GDP growth booked in five quarters, ending the pandemic-induced recession cycle.
3 years agoA more collaborative system of strategic alliances is the way forward to meet Indonesia’s ambitious 2030 oil and gas aspirations.
3 years agoThe 145-megawatt Cirata floating solar power plant in West Java is expected to operate in November 2022.
3 years agoThis week the MSCI Asian regional benchmark has walked back most of the ground lost a week earlier, when a series of Chinese regulatory crackdowns in sectors from property to education squeezed Chinese stocks and overshadowed the region as a whole.
3 years agoAfter recovering strongly as widespread vaccinations allowed for an easing of pandemic restrictions, hiring by American firms slowed sharply in July, raising fears the US recovery may be running out of steam.
3 years agoThe finance minister has called on commercial banks to pull their weight in efforts to revive Indonesia’s economy by issuing more loans, but bankers say there is simply not much demand for credit.
3 years agoThe government has temporarily waived value added tax (VAT) on retail rent in view of the latest extension to the PPKM, but industry associations and retailers say more can be done to help the ailing sector.
3 years agoThe Finance Ministry’s State Asset Management Agency (LMAN) has paid Rp 80.17 trillion (US$5.57 billion) owed to state-owned companies for land acquisition in 97 strategic national projects (PSN), including toll roads and irrigation systems, as of July 23.
3 years agoGovernment bond yields have fallen further over the past few days to hit the lowest point since the end of the first quarter, but analysts say the debt obligations remain an option worth considering for low-risk investors.
3 years agoFinancial firms including British insurer Prudential, lenders Citi and HSBC and BlackRock Real Assets are devising plans to speed the closure of Asia's coal-fired power plants in order to lower the biggest source of carbon emissions, five people with knowledge of the initiative said.
3 years agoWhile Indonesian banks saw improved performance in the first half of 2021, analysts warn that the second wave of COVID-19 and extended curbs may spell trouble for the industry in the second half.
3 years agoFollowing two earlier postponements since June, the launch of the latest version of the Online Single Submission (OSS) system has been delayed yet again, hampering the country's bid to improve business licensing certainty and its ease of doing business.
3 years agoIndonesia needs a globally accepted certification and widely and recognized carbon tax and trade mechanisms to ensure that its oil palm plantations are sustainable.
3 years agoCost-cutting efforts also helped the major Japanese airline limit the red ink following its largest quarterly net loss of 93.71 billion yen reported a year earlier since its 2012 relisting. Sales grew 74.1 percent from the previous year to 133.03 billion yen.
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