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Jakarta Post
Business premium

Global chip crunch stunts Indonesia car sales recovery

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 ago
Business premium

XL profit falls in Q3 as tower sale income dries

Telco 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 ago
Business premium

Bank KB Bukopin seeks to raise Rp 7.04t through rights issue

Publicly 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 ago

The Latest

Business premium

Direct investment up 10% in first half, but Q3 pressure looms

The 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 ago
Business premium

Sustainable finance building momentum

The 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 ago
Business premium

Minister says planned EU carbon tax could 'disrupt world trade'

Indonesia 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 ago
Business premium

Micro lender holding hoped to boost financial inclusion

The 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 ago
Business

Starbucks to exit South Korea venture, sell stake to E-Mart, GIC

E-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 ago
Business premium

Green energy shift risks upstream oil, gas investment: SKK Migas

The global shift to renewables will be a challenge for Indonesia’s upstream oil and gas investment for the next decade.

3 years ago
Business premium

Few concessions to business as govt extends restrictions

The 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 ago
Business premium

Freeport Indonesia secures $1 billion loan for copper smelters

The 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 ago
Business

Singapore-Indonesia travel corridor delayed: Sandiaga

Tourism 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 ago
Business premium

Indonesia needs $477b investment for near-zero plastic pollution goal

Tackling 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 ago
Business

Fed to meet as inflation, virus variants complicate US recovery

As 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 ago
Business premium

EV to play greater role than biofuel in long run: Experts

Experts 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 ago
Business premium

Commercial banks stick with rosy credit growth expectations

Despite 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 ago
Business premium

Unilever net profit drops 16% as FMCG demand slumps

Consumer 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 ago
Business premium

Krakatau Steel sees 91% revenue rise in first half of 2021

The 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 ago
Business

Asian shares dragged by vaccination lag, Wall Street fares better

Asian 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 ago
Business

Toyota halts all three of its Thailand plants due to parts supply crunch

The 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 ago
Business premium

Govt to subsidize wages with Rp 8.8t, but business wanted more

The 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 ago
Business premium

Digital banking: BCA joins the fray with planned IPO

BCA president director Jahja Setiaatmadja said the target for the initial public offering (IPO) of BCA Digital was in one or two years.

3 years ago
Business premium

BI keeps interest rate low as virus surge prompts ‘flight to quality’

The flight to quality has sent the rupiah down more than 3 percent so far this year.

3 years ago
Business

Tesla mints nickel deal with Aussie mining giant

Under 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
Business

IMF to keep 2021 global growth forecast at 6%: Georgieva

"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 ago
Business premium

Help us pay wages or else we cut jobs, businesses tell govt

With 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 ago
Business premium

Vale Indonesia’s nickel matte output down 20 percent in Q2

Nickel 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 ago
Business

Govt extends electricity discount to end of year

In 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 ago
Business premium

Food security on the rise, yet pandemic takes its toll

From 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 ago
Business

Tokyo stocks open higher on bargain-hunting

Tokyo 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 ago
Business premium

Recovery process of manufacturing sector after PPKM Darurat

According 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 ago
Business premium

Freeport signs new smelter deal, drops plan with Tsingshan

Gold 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 ago
Business premium

IDX starts watch list with 17 companies to protect investors

The 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 ago
Page: 16

Today's ePost

Tue, May 13, 2025

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