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 225-issue Nikkei Stock Average declined 15.36 points, or 0.05 percent, from Monday to 29,369.16. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 21.13 points, or 1.06 percent, at 1,972.21.
4 years agoNeither bank named the client but the warnings follow a Bloomberg News report that a little-known fund sold more than $20 billion in stocks from US media and Chinese companies listed in New York on Friday.
4 years agoChatib Basri, who served as finance minister under the administration of president Susilo Bambang Yudhoyono, said the primary engine of economic growth was consumption in the middle-to-upper income brackets, and the prolonged social distancing measures had adversely impacted those activities.
4 years agoUS Trade Representative Katherine Tai, whose appointment was confirmed earlier this month, told The Wall Street Journal she understood the levies were hitting some American companies and consumers, but they can also protect businesses.
4 years agoMultiple agencies are working to contain the disaster, while the state-owned oil giant has stressed that fuel supply to Jakarta and other destinations in West Java would remain undisrupted.
4 years agoPrime Minister Yoshihide Suga could announce the move as early as an April 22-23 virtual summit on climate change hosted by US President Joe Biden, the sources said.
4 years agoThe blaze that broke out in the early hours of Monday, injuring five and forcing 950 residents to evacuate was focused on the refinery’s tanks, with no damage to the processing plant, Widyawati told reporters.
4 years agoThe parent company of Nomura Securities said "an event" occurred Friday and the estimated amount of the claim against the client is "approximately $2 billion."
4 years agoThe app, one of a number of digital health passports being trialed around the world to allow airlines and authorities to expedite immigration procedures at airports, is backed by the World Economic Forum. It certifies both coronavirus test results and vaccination status.
4 years agoThe MV Ever Given, longer than four football fields, has been wedged diagonally across the canal since Tuesday, towering over nearby palm trees and strangling world supply chains.
4 years agoA below forecast reading on US prices on Friday provided support as it eased fears that inflation caused by an expected strong global rebound will force central banks to wind back their ultra-loose monetary policies or hike interest rates.
4 years agoThe bank found that Indonesia lagged behind some Asian countries in its approach to containing the COVID-19 pandemic.
4 years agoIndonesia Battery Corporation (IBC), with all its planned joint ventures, is estimated to become a US$17 billion investment.
4 years agoA vast increase in internet bills is making many parents restless about continued learning from home for their children.
4 years agoIndonesia's business competition watchdog has slapped a hefty fine on the homegrown decacorn for being nearly a year late in reporting its 2017 acquisition of Loket.com.
4 years agoAmazon's cloud arm has been increasing its presence in Indonesia over the past few years as it competes with fellow tech behemoths Microsoft, Google and Alibaba.
4 years agoThe euro was in focus ahead of data on German business sentiment due later in the day, but the outlook for the common European currency has soured due to renewed coronavirus lockdowns and the slow pace of vaccinations across the European Union.
4 years agoA 215 hectare food estate in Humbang Hasundutan regency, North Sumatra, has had its first potato, shallot and garlic harvests.
4 years agoIndonesia's e-commerce gross merchandise value grew by 65 percent to US$37 billion in 2020, driven by online shopping during the pandemic. The growth is expected to slow down this year.
4 years ago"In co-operation with local authorities and Bernhard Schulte Shipmanagement, a vessel management company, we are trying to refloat (the ship), but we are facing extreme difficulty," Shoei Kisen Kaisha said in a statement on its website.
4 years agoThe airport is expected to serve as a gateway to local tourist destinations such as Kupa Kupa Beach and as a cargo shipment center for gold miner PT Nusa Halmahera Minerals.
4 years agoThe 225-issue Nikkei Stock Average ended up 324.36 points, or 1.14 percent at 28,729.88 from Wednesday when it finished at the lowest since Feb. 4. The broader Topix index of all First Section issues on the Tokyo Stock Exchange closed 26.97 points, or 1.40 percent, higher at 1,955.55.
4 years agoTencent, which owns the super-app WeChat and a lucrative gaming empire, is the latest tech conglomerate to fall into the crosshairs of China's regulators.
4 years agoMurata will deploy its light detection and ranging technology-based traffic counting system to monitor traffic volume through devices installed over roadways in Jakarta, Surabaya, Bandung, Bali and other locations in Indonesia.
4 years agoKCIC is banking on its new president director, Dwiyana Slamet Riyadi, considered somewhat of a "Renaissance man" in railway services, to speed up the problem-addled Jakarta-Bandung high-speed railway project toward a 2022 completion date.
4 years agoThe Business Competition Supervisory Commission (KPPU) found dozens of directors or commissioners at state-owned enterprises (SOE) held other positions in private companies in finance, insurance and mining industries.
4 years agoIndonesia’s Corruption Perceptions Index (CPI) score was down by 3 points to 37 last year, marking the first decline since 2007. This may decrease investor confidence to the country.
4 years agoIndofood saw its net profit grew more than 30 percent last year as consumers stocked up on packaged foods during the government's "work at home, study at home" policy.
4 years agoToyota said it will hold a 4.6 percent stake of all issued shares as of the end of September, worth 42.8 billion yen ($393 million), in Isuzu through a third-party allotment, while Isuzu plans to acquire Toyota shares of the same value through a market purchase.
4 years agoTo achieve the target, the minister plans to push domestic travel and develop the super priority destinations, namely Borobudur, Lake Toba, Labuan Bajo, Mandalika and Likupang.
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