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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 fall slightly in morning on ex-dividend selling

The 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 ago
Business

Nomura, Credit Suisse warn of losses after US fund dumps stocks

Neither 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 ago
Business

Vaccination key to economic recovery: Economist

Chatib 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 ago
Business

US not yet ready to lift tariffs on China: Trade representative Tai

US 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 ago
Business premium

Balongan refinery fire: Pertamina shuts down facility, authorities evacuate hundreds

Multiple 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 ago
Business

Japan mulls ending support for exporting coal-fired power plants

Prime 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 ago
Business

Fire at Pertamina's Balongan oil refinery will not impact operations: CEO

The 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 ago
Business

Nomura sees possible "significant" loss from US transactions

The 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 ago
Business

ANA trials COVID digital health passport at Tokyo airport

The 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 ago
Business

Ever Given container ship blocking Suez Canal has started to move

The 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 ago
Business

Asian markets extend gains after Wall Street record

A 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 ago
Business premium

World Bank holds Indonesia’s GDP growth forecast for 2021

The bank found that Indonesia lagged behind some Asian countries in its approach to containing the COVID-19 pandemic.

4 years ago
Business premium

Four SOEs unite to form EV battery producer

Indonesia Battery Corporation (IBC), with all its planned joint ventures, is estimated to become a US$17 billion investment.

4 years ago
Business premium

Internet bills rise for 71 percent of Indonesians: Survey

A vast increase in internet bills is making many parents restless about continued learning from home for their children.

4 years ago
Business premium

Business competition watchdog fines Gojek Rp 3.3 billion for late acquisition report

Indonesia'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 ago
Business premium

Amazon Web Services launches first Indonesia cloud edge location

Amazon'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 ago
Business

Dollar holds advantage on economic optimism, euro looks vulnerable

The 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 ago
Business premium

North Sumatra food estate sees first harvests

A 215 hectare food estate in Humbang Hasundutan regency, North Sumatra, has had its first potato, shallot and garlic harvests.

4 years ago
Business premium

E-commerce to grow moderately in 2021 onward: Report

Indonesia'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
Business

Japanese owner faces 'extreme difficulty' refloating ship stuck in Suez Canal

"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 ago
Business premium

N. Maluku’s Kuabang airport expanded to serve 160,000 travelers annually

The 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 ago
Business

Nikkei snaps 4-day losing streak on bargain-hunting from 7-week low

The 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 ago
Business

Tencent boss vows 'compliance' with China regulators

Tencent, 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 ago
Business

Japanese firm Murata to begin road traffic data service in Indonesia

Murata 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 ago
Business premium

KCIC appoints new chief to speed up delayed Jakarta-Bandung railway project

KCIC 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 ago
Business premium

KPPU suspects violations as SOE executives hold multiple roles

The 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 ago
Business premium

Worsening graft may discourage investment to Indonesia: OECD

Indonesia’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 ago
Business premium

Indofood bucks COVID-19 trend with 2020 net profit growth across all four businesses

Indofood 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 ago
Business

Toyota, Isuzu to take stake in each other to co-develop new vehicles

Toyota 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 ago
Business premium

Minister aims to raise tourism, creative industries' GDP contribution to 12%

To 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.

4 years ago
Page: 32

Today's ePost

Sat, May 17, 2025

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