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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

Tokyo stocks end lower amid concern over rebound in COVID infections

The 225-issue Nikkei Stock Average ended down 229.33 points, or 0.77 percent, from Friday at 29,538.73. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 4.88 points, or 0.25 percent, lower at 1,954.59.

4 years ago
Business

Asian markets retreat as traders await earnings season

Another record close on the Dow and S&P 500 in New York was not enough of a catalyst to fuel buying in early trade, while a forecast-beating jump in US producer prices acted as a reminder that inflation will likely run hot for a few months.

4 years ago
Business

Suez Canal chief suggests "mistake" by captain in ship's stranding

"Maybe the captain made a mistake in a specific (operation) request, such as the rudder or speed, which could have led to that," Osama Rabie said in a recent interview, in reference to the skipper of the 400-meter-long, 220,000-ton Ever Given.

4 years ago
Business

Industry association praises court's PKPU injunction for protecting local suppliers

A garment supplier association has lauded a commercial court's injunction against a Malaysian retailer in a class action lawsuit that pitted local MSMEs over unpaid consignment bills.

4 years ago
Business

China fines Alibaba $2.78bn for market abuses

Xinhua news agency said the State Administration for Market Regulation had assessed the fine after concluding an investigation into Alibaba that began in December.

4 years ago
Business

Some Boeing 737 MAX planes temporarily grounded after 'potential' issue

Major carriers began temporarily removing some of their MAX planes from service after the aerospace giant flagged the electrical issue -- which is not a concern for all of the aircraft.

4 years ago
Business premium

House approves Indonesia-EFTA trade deal

The House of Representatives has approved the bill on IE-CEPA, an economic agreement that would give Indonesia greater access to investment, help small and medium enterprises (SMEs) connect to global value chains and increase overall exports.

4 years ago
Business

Boeing recommends fix for 'potential' 737 MAX issue

Boeing managed to get the 737 MAX back into the air in late 2020 after it was grounded for 20 months following two fatal crashes, and recently announced an order for 100 of the aircraft as the airline sector begins to recover from the coronavirus pandemic.

4 years ago
Business

Dollar steadies after week of falls

The greenback is on track for a nearly 1 percent weekly fall against a basket of major currencies, although it edged up a quarter of a percent on the day.

4 years ago
Business premium

IMF lowers Indonesia’s GDP growth outlook for 2021

The International Monetary Fund's latest outlook for Indonesia forecasts GDP growth of 4.3 percent this year, lower than the government's targeted range of between 4.5 percent and 5.3 percent.

4 years ago
Business

Effort to create first Amazon labor union appears headed for defeat

The tally stood at 1,100 votes of 'No' to the idea of forming a labor union in Alabama, versus 463 votes supporting the proposal when National Labor Relations Board officials halted for the evening.

4 years ago
Business premium

Pertamina plans to issue first-ever green bond by 2022

The oil and gas giant is the second state-owned energy firm to unveil its plans to issue a sustainable finance instrument in a bid to join the global race toward energy transition.

4 years ago
Business premium

Unlocking the value of Indonesia’s substantial renewable energy potential

As Southeast Asia’s largest economy and most populous nation, Indonesia will be pivotal in dictating the direction of renewable energy with the total installed renewable capacity expected to triple from 8 gigawatts (GW) to 24 GW by 2030.

4 years ago
Business premium

Indonesia prepares $275 million to build infrastructure for ‘five new Balis’

The government plans to spend Rp 4.01 trillion (US$275.15 million) this year on 108 basic infrastructure projects in five prioritized tourist destinations to spur visits.

4 years ago
Business premium

Jakarta property market off to rough start this year

Jakarta's property sector remains under pressure as occupancy rates for office and retail space are down, while the government incentive has yet to spur apartment sales.

4 years ago
Business

Tokyo stocks slip on fears of coronavirus resurgence in Japan

The 225-issue Nikkei Stock Average ended down 21.81 points, or 0.07 percent, from Wednesday at 29,708.98. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 15.57 points, or 0.79 percent, lower at 1,951.86.

4 years ago
Business premium

Webstore builder Sirclo acquires parenting start-up Orami

Sirclo, which secured its Series B funding in August last year, plans to leverage Orami to tap into the Indonesian parents market.

4 years ago
Business

Tokyo stocks fall in morning on fears of virus resurgence in Japan

The 225-issue Nikkei Stock Average shed 110.68 points, or 0.37 percent, from Wednesday to 29,620.11. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 15.81 points, or 0.80 percent, at 1,951.62.

4 years ago
Business premium

Coronavirus stimulus should target ‘new poor’ in tourism, transportation sectors: World Bank

Although Indonesia’s support last year provided a meaningful boost amid the pandemic-induced downturn, the government is expected to channel support to the workers in the worst-hit industries.

4 years ago
Business premium

Micro enterprises aid halved for this year, but coverage to be expanded

The government is slashing the micro enterprise assistance by a half to Rp 1.2 million per recipient this year, but aims to reach a larger number of recipients than last year at 12.8 million by the third quarter of 2021.

4 years ago
Business premium

Move over, Jakarta! Small cities to grow Indonesia's digital economy

A 2021 market outlook on Indonesia's digital economy sees small cities overtaking Greater Jakarta, the current digital hub, with fivefold growth by 2025.

4 years ago
Business premium

Coal giant Indika Energy’s net loss widens to $117.5m in 2020

The coal producer has attributed its net loss in 2020 to low global coal prices and demand, primarily as an impact of COVID-19 lockdown policies in countries around the world.

4 years ago
Business premium

More time secured to launch strategic Satria satellite: ICT Ministry

The International Telecommunication Union has given Indonesia seven more months to place the Satria satellite in orbital slot 146°E lest the country have to launch an expensive substitute or the ITU give the slot to another country.

4 years ago
Business

Samsung Electronics, LG forecast 40% leaps in Q1 operating profits

Tech behemoth Samsung Electronics said in an earnings estimate that it expected operating profits of 9.3 trillion won ($8.3 billion) for January to March, up 44.2 percent from a year earlier, largely driven by robust sales of smartphones and the launch of its flagship Galaxy S21 series.

4 years ago
Business

IMF ups 2021 global growth forecast to 6% on back of US stimulus

The expansion would be the largest in four decades of publicly available data from the IMF, marking a sharp turnaround from a 3.3 percent contraction last year -- the worst peacetime decline since the Great Depression -- due to the coronavirus pandemic.

4 years ago
Business premium

Krakatau Steel to build 40 MW floating solar power station

The state-owned steelmaker is partnering with France's Akuo Energy to develop the plant for internal use.

4 years ago
Business

European markets rally in Wall Street catch-up

Frankfurt, London and Paris fizzed higher as dealers returned to their desks following a long four-day Easter holiday weekend, and after a mixed performance in Asia.

4 years ago
Business

H&M to lay off more than 1,000 staff in Spain: union

The fashion chain was not immediately available to confirm the information.

4 years ago
Business premium

Export recovery and government reform for Indonesia's future

Indonesia must capitalize on the recent PMI recovery toward manufacturing exports and the omnibus law toward structural reform for improved competitiveness and country attractiveness in the global market.

4 years ago
Business premium

TaniHub says sales may triple during Ramadan

The agriculture technology start-up expects staple food sales to grow by up to three times this Ramadan as mobility restrictions are eased.

4 years ago
Page: 30

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Sat, May 17, 2025

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