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 agoEconomists had projected the economy would add a million positions as vaccines and government stimulus measures allow business to return to normal in the world's largest economy.
4 years agoState-owned electricity monopolist PLN has pledged to become carbon neutral by 2050 with a plan to phase out fossil fuel-fired power plants and use more renewable energy in its networks.
4 years agoTotal has come under pressure from pro-democracy activists to "stop financing the junta" since a military coup in February which has been followed by a brutal crackdown on dissent.
4 years agoThe carrier, Japan's second-largest by market share, suffered a net loss of 286.7 billion yen for the year through March -- its first full-year result in the red since it relisted on the Tokyo Stock Exchange in 2012.
4 years agoDespite a general decline in unemployment since last August, the national rate remains high amid employers' reluctance to hire workers during the current recession.
4 years ago"I will be very honest with you, this deal was not exactly a deal," Thierry Breton, France's representative to the EU executive told the Atlantic Council think tank in Washington.
4 years agoIndonesia has a vital role to play in the region amid the transition to green investments as a foundational policy of the global financial industry.
4 years agoIn a time when you can easily access the world at your fingertips, investing is as easy and convenient as picking up your phone.
4 years ago“Having a job is a matter of survival. It is understandable that people would rather get sick than go hungry,” the Center of Reform on Economics (Core) economist Muhammad Faisal said on Tuesday.
4 years agoJames Bond's favourite car brand Aston Martin announced a pre-tax loss of £42.2 million ($59 million, 49 million euros) in the first three months of 2021, it said in a statement.
4 years agoAceh's Qanun No. 11/2018 on sharia financial institutions has prompted at least five conventional banks to leave the province. Some are making their operations sharia-compliant, while others are leaving for good.
4 years agoPayPal said it made a profit of $1.1 billion in the recently ended quarter, compared with $84 million in the same period last year.
4 years agoThe China-Australia Strategic Economic Dialogue deal has been pulled "based on the current attitude" of the Australian government, China's National Development and Reform Commission said in a statement, blaming some officials of "ideological discrimination."
4 years agoQantas had claimed the five-year agreement -- proposed in late 2020 -- would speed the pandemic recovery and "better serve customers" by improving connections between 29 smaller cities in Australia, Japan and New Zealand.
4 years agoPT Lima Dua Lima Tiga, owner and management of Jakarta-based Lucy in the Sky, raised fresh funds on the IDX to pay wages, training and rent after its income plummeted following last year's large-scale social restrictions.
4 years agoThe government forecast economic growth to rebound to between 6.9 and 7.8 percent in the April-June period from a year earlier given the low base effect.
4 years agoFor the first three months of the year, the world's biggest freight company posted net profit of $2.7 billion (2.3 billion euros).
4 years agoThe two companies' financial reports show swelling costs as the Finance Ministry continues to periodically raise excise taxes to deter smoking.
4 years agoThe country's gross domestic product (GDP) contracted by 0.74 percent year-on-year in the January to March period, less severe than the contractions in recent quarters.
4 years agoThe Japanese automaker has been trying to become profitable again and recover from the reputational damage caused by the departure of its now-fugitive former leader Carlos Ghosn.
4 years agoTelenor said in a statement that it booked net loss of 3.9 billion kroner ($470 million, 390 million euros) in the period from January to March, compared with bottom-line profit of 698 million kroner in the same period a year earlier.
4 years agoA study by consulting firm McKinsey & Company showed that electric motorcycles would pave the way for electric vehicle (EV) adoption in Indonesia as the bikes would become cost-competitive with regular motorcycles by 2022.
4 years agoThe Indonesian banking industry has gone through one of the most challenging times since the monetary crisis in 1998/1999 and it is showing a healthy and stable condition.
4 years agoThe second consecutive rise in the country's manufacturing PMI heralds better times ahead, but companies could help things along by hiring more workers.
4 years agoWhile the Dow and S&P 500 on Wall Street provided a positive lead, there were few catalysts to drive business, with Tokyo and mainland China's bourses closed for holidays.
4 years agoThe case opening in federal court comes with Apple feeling pressure from a wide range of app makers over its tight control of the App Store, which critics say represents monopolistic behavior.
4 years agoThe holding company aims to improve Indonesia’s food security, farmers’ welfare and the agriculture industry’s modernity.
4 years agoThe country's first decacorn aims to phase out all fossil fuel-powered vehicles and replace them with electric vehicles to fulfill its 2030 net zero goal; a tall order, since it does not own the vehicles its drivers use.
4 years ago"Although it will take some time to get the full picture of the impact of Covid-19 on e-commerce... a number of developments point to the strong rise in e-commerce in 2020," said the report by the UN Conference on Trade and Development (UNCTAD).
4 years agoConsumer prices last month rose less than they usually do ahead of Idul Fitri, as mobility restrictions are keeping demand subdued.
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