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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

US stocks end at records as weak jobs data boost stimulus hopes

Economists 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 ago
Business premium

PLN pledges carbon neutrality by 2050

State-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 ago
Business

Total pulls Le Monde ads over report on Myanmar military ties

Total 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 ago
Business

Japan Airlines logs $2.6 billion loss over pandemic

The 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 ago
Business premium

Unemployment remains high at 6.26% as millions continue to reel from pandemic 'fallout'

Despite 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
Business

EU-China investment deal 'not exactly a deal'

"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 ago
Business premium

[ANALYSIS] Climate finance: Imperatives for financial institutions

Indonesia 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 ago
Business

Investing through clicks: Digital platforms offer alternative way to invest

In 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
Business premium

Job-loss fears trump COVID-19 fears: survey

“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 ago
Business

Aston Martin slashes loss as luxury car sales soar

James 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 ago
Business premium

Conventional banks to leave Aceh amid sharia finance consolidation

Aceh'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 ago
Business

PayPal earnings soar on e-commerce boom

PayPal 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 ago
Business

China suspends economic accord with Australia

The 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 ago
Business

Australian regulator moves to block Qantas-Japan Airlines deal

Qantas 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 ago
Business premium

Indebted Lucy in the Sky resto-bar takes floor on stock exchange

PT 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 ago
Business premium

Indonesia’s GDP forecast to recover in Q2 but downside risks loom

The 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 ago
Business

Maersk books record profit on surging freight demand

For 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 ago
Business premium

Sampoerna, Gudang Garam see 20% profit drop after excise hike

The two companies' financial reports show swelling costs as the Finance Ministry continues to periodically raise excise taxes to deter smoking.

4 years ago
Business

Indonesia’s Q1 GDP contracts 0.74%, on track to recovery

The 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 ago
Business

Nissan to sell entire Daimler stake for $1.4 billion

The 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 ago
Business

Myanmar unrest pushes Telenor deep into loss

Telenor 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 ago
Business premium

Electric motorbikes to lead EV adoption in Indonesia

A 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 ago
Business premium

Banking industry updates: Loan expansion during the gradual economic recovery

The 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 ago
Business premium

Indonesia posts record manufacturing PMI for 2nd month in row

The 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 ago
Business

Asian markets mixed as traders eye US jobs data

While 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 ago
Business

Fortnite maker girds for epic court clash with Apple

The 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 ago
Business premium

State-owned staple food holding company to be formed by September

The holding company aims to improve Indonesia’s food security, farmers’ welfare and the agriculture industry’s modernity.

4 years ago
Business premium

Going green? Gojek reports 1.04m tons carbon footprint in 2020, aims for 2030 net zero

The 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
Business

Pandemic boosted e-commerce in 2020: UNCTAD

"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 ago
Business premium

Food prices drive inflation as Indonesia heads into Idul Fitri

Consumer prices last month rose less than they usually do ahead of Idul Fitri, as mobility restrictions are keeping demand subdued.

4 years ago
Page: 26

Today's ePost

Fri, May 16, 2025

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