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 Investment Ministry reported on Tuesday that Rp 442.8 trillion (US$30.55 billion) had been invested in the country in the January to June period, nearly half of the full-year target of Rp 900 trillion.
3 years agoThe disruption caused by the COVID-19 pandemic has also impacted financial markets. As more stakeholders become aware of environmental, social and governance (ESG) topics, investors and other players in financial markets are switching to ESG-linked instruments. We are getting used to hearing about the issuance of green bonds, sustainable bonds and even social bonds. Those three products are widely known as sustainable financial instruments.
3 years agoIndonesia has cautioned about a potential disruption to world trade in response to the European bloc's plan to impose a carbon tax on imported goods from 2026.
3 years agoThe holding company plans to serve ultra-micro companies with annual revenues of under Rp 300 million (US$20,696) and who require loans under Rp 10 million.
3 years agoE-Mart, which currently owns 50 percent of Starbucks Coffee Korea, said it would acquire an additional 17.5 percent stake that would be worth 474 billion won ($411.89 million).
3 years agoThe global shift to renewables will be a challenge for Indonesia’s upstream oil and gas investment for the next decade.
3 years agoThe government has relaxed some COVID-19 curbs for small businesses but has largely stayed the course as it extends multi-tiered public activity restrictions (PPKM) despite pressure from business groups.
3 years agoThe mining giant plans to use the loan to expand and upgrade an existing copper smelter and develop a new one, both in Gresik, East Java.
3 years agoTourism and Creative Economy Minister Sandiaga Uno promised to "quickly resume" travel corridor talks once the domestic COVID-19 situation had been brought under control.
3 years agoTackling the archipelago’s plastic problem will require huge funds but also create millions of jobs, experts say. Meanwhile, medical supplies have caused a new type of waste going to the ocean.
3 years agoAs rising prices and the spread of new COVID-19 variants increase risks to the US economy, Federal Reserve officials are expected to maintain their easy money policies intended to help American companies and workers survive the pandemic damage.
3 years agoExperts say Indonesia could benefit from its biofuel plan in the next decade but the government’s focus should be on the electric vehicle (EV) industry, as that would play a greater role in future transportation.
3 years agoDespite an underwhelming first-half performance and restrictions imposed recently by the government to contain COVID-19, banks in the country are maintaining upbeat forecasts for 2021 credit growth.
3 years agoConsumer goods giant PT Unilever Indonesia saw its net profit contract in the second quarter as COVID-19 continues to hamper fast-moving consumer goods (FMCG) market growth.
3 years agoThe state-owned steelmaker reported a 90.9 percent increase in revenue in the first half of 2021 following cost-cutting measures as well as increased sales volume amid rising global demand and prices.
3 years agoAsian share markets were in a mixed mood on Friday after a volatile week in which sentiment over global growth waxed and waned with every new headline on the Delta variant.
3 years agoThe three Toyota plants in Thailand, which are located in suburbs of Bangkok and have a combined output capacity of 760,000 units per year, serve as key production bases for the Japanese carmaker in Southeast Asia.
3 years agoThe government will subsidize wages for some 8.8 million people for two months to take the pressure off employers in industries hit hard by virus containment measures.
3 years agoBCA president director Jahja Setiaatmadja said the target for the initial public offering (IPO) of BCA Digital was in one or two years.
3 years agoThe flight to quality has sent the rupiah down more than 3 percent so far this year.
3 years agoUnder the agreement, the innovative carmaker will lock in supplies from a mine in Western Australia, one of the world's largest sources.
3 years ago"Some countries are now projected to grow faster, some countries are now projected to grow slower. What is the difference? It is primarily the speed and effectiveness of vaccinations and availability of fiscal space to act," said IMF chief Kristalina Georgieva.
3 years agoWith prolonged nationwide emergency curbs (PPKM Darurat) to combat the second COVID-19 wave, businesses have urged more stimulus, including wage subsidies from the government, to alleviate their burden.
3 years agoNickel matte production by Vale Indonesia declined nearly 20 percent year-on-year to 15,048 tons in the second quarter due to planned maintenance at its processing plant.
3 years agoIn the first half of the year, the government spent Rp 6.75 trillion on the program for the benefit of 32.90 million customers
3 years agoFrom 2019 to 2020, the number of cities and regencies categorized as “food secure” increased from 438 to 444, while the number deemed “food insecure” fell from 76 to 70.
3 years agoTokyo stocks opened higher Wednesday ahead of a long weekend as investors bought on dips following recent declines and took heart from Wall Street rallies.
3 years agoAccording to Statistics Indonesia (BPS) data, the manufacturing industry contracted by 1.38 percent year-on-year (yoy) in the first quarter of this year. Nevertheless, some industrial subsectors continued to grow.
3 years agoGold and copper miner giant PT Freeport Indonesia has signed a contract valued at US$3 billion to work on the Manyar copper smelter plant project in Gresik, East Java.
3 years agoThe Indonesia Stock Exchange (IDX) has started a watch list for companies with poor financial performance and liquidity. Seventeen firms are on it right now, including state-owned construction company PT Waskita Karya.
3 years agoShare your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.
Thank you for sharing your thoughts. We appreciate your feedback.