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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 premium

MNC's Asia Vision Network joins SPAC boom for planned Nasdaq listing

MNC Vision Networks subsidiary AVN has entered into a SPAC merger with Malacca Straits Acquisition to list its shares on Nasdaq by Q3 2021 at the latest.

4 years ago
Business

Elon Musk says Tesla vehicles can now be bought using bitcoin

"You can now buy a Tesla with bitcoin," he tweeted on Wednesday. "Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency."

4 years ago
Business

Nikkei hits 7-week low on renewed coronavirus concerns

The 225-issue Nikkei Stock Average closed down 590.40 points, or 2.04 percent, from Tuesday at 28,405.52, its lowest close since Feb. 4. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 42.90 points, or 2.18 percent, lower at 1,928.58.

4 years ago
Business

CNN, New York Times go into slump in wake of Trump presidency

The so-called "Trump bump" which boosted viewers and subscriptions at outlets such as CNN and the New York Times now appears to have turned into a slump following the departure of Donald Trump from the presidency.

4 years ago
Business

Ship blocks Suez Canal after 'gust of wind' knocks it off course

A photo posted Tuesday showed the Taiwan-owned MV Ever Given, a 400-metre- (1,300-foot-)long and 59-metre wide vessel, lodged sideways and impeding all traffic across the waterway as excavation trucks struggled to dig it out.

4 years ago
Business premium

Bukalapak founder injects $5m in Indonesian cloud hosting start-up

IDCloudHost plans to expand its market in Asia on the back of rising demand for cloud services as a result of continuing growth in the region's digital economy.

4 years ago
Business premium

UAE commits $10 billion for Indonesia’s SWF

The United Arab Emirates has become the largest anchor investor in Indonesia’s sovereign wealth fund (SWF) with plans to inject US$10 billion at the directive of Crown Prince Mohammed bin Zayed al-Nahyan.

4 years ago
Business premium

[ANALYSIS] Why is Indonesia so slow in transitioning to renewable energy?

High investment needed for renewable energy power plants has hampered the transition from fossil fuels to renewables.  

4 years ago
Business premium

Pertamina Lubricants clinches new distributor for Australia, New Zealand workshops

The deal comes after the landmark Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) came into effect in July last year.

4 years ago
Business

Sri Lanka secures $1.5 billion Chinese loan

Colombo had been negotiating for months to secure credit from China -- its largest single source of imports -- as the island's foreign reserves plummet amid the pandemic.

4 years ago
Business premium

DBS points to digital economy, EVs, infrastructure as 2021 growth drivers for Indonesia

A DBS conference on economic insights has highlighted that the economic drivers for Indonesia in 2021 will be these three sectors, propelled by pandemic-induced shifts over the past year.

4 years ago
Business premium

Out with paper! Indonesia pilots digital logistics system in Batam

Indonesia and potential investors may soon see a national digital logistics system in the world's largest archipelago with the launch of the Batam Logistics Ecosystem (BLE) pilot project.

4 years ago
Business premium

Potential India-Bali travel corridor in the works, says tourism minister Sandiaga

The tourism minister says he is making inroads to establishing a holiday travel corridor with India to attract tourists to Bali in line with the President's plans to reopen the country to foreign travelers, but it's news to the Foreign Ministry.

4 years ago
Business

Asian markets mixed as inflation spectre hangs

While Wall Street provided a positive lead with all three main indexes posting healthy gains, there is a reluctance on trading floors to push a year-long rally any further, while a stuttering vaccine rollout and new lockdowns in Europe are adding to the angst.

4 years ago
Business premium

Pandemic to take big toll on students' test scores, learning, future earnings: Studies

The COVID-19 pandemic is estimated to have pushed some 90,000 children out of school in Indonesia as a result of the first four months of school closures.

4 years ago
Business

Easy money? Gen Z invest online to beat coronavirus woes

From South Korea to the United States, a growing number of teens and young adults born after 1996 – dubbed Generation Z – are turning to online investment platforms that offer the chance to make a living with a swipe, but often pose unforeseen risks.

4 years ago
Business

Ikea France goes on trial for spying on staff

Ikea France, as a corporate entity, will be in the dock as well as several of its former executives who risk prison terms.

4 years ago
Business premium

Indonesia's PAU to build blue ammonia plant in Central Sulawesi

Indonesia is set to become the world's first country to apply the "latest ammonia technology" in producing blue ammonia, which is widely being touted as the "green fuel of the future".

4 years ago
Business

Asia markets swing as inflation fear tempers recovery hope

The Turkish lira plunged more than 17 percent at one point in early trade after President Recep Tayyip Erdogan sacked the country's market-friendly central bank chief and replaced him with a former ruling party lawmaker.

4 years ago
Business premium

OECD upgrades Indonesia’s two-year GDP growth forecast

The organization upgraded its growth projections by 0.9 percentage points to 4.9 percent this year and by 0.3 percentage points to 5.4 percent next year.

4 years ago
Business premium

BI holds rate at record low of 3.5% to shield rupiah

The central bank is keeping its policy rate at 3.5 percent to stabilize rupiah following US President Joe Biden's landmark stimulus plan, which has prompted global investors to dump emerging market assets.

4 years ago
Business

Spotify launches site explaining how it pays artists

It said 13,400 artists had generated revenues of $50,000 or more from its app last year, and 7,800 generated more than $100,000.

4 years ago
Business premium

New Tana Toraja, Pantar airports launched to boost travel in eastern Indonesia

Developers had to flatten three hills to build the Rp 800 billion (US$55.49 million) Toraja Airport that replaces the smaller Pongtiku Airport.

4 years ago
Business premium

Bank Indonesia in 'no hurry' over digital currency. What's it all about?

Central bank digital currency (CBDC) could help the country formulate data-driven regulations, avoid inflation, reduce counterfeit money and terrorism financing, but nationwide adoption would be a challenge. So what is CBDC, and what are its pros and cons for Indonesia?

4 years ago
Business premium

Pertamina inks deal over 1.2 MW solar PV project with GBK sports complex

Pertamina is making strides toward meeting the 2025 energy mix target as the ink dries on an MoU for installing a solar power plant at the national sports complex.

4 years ago
Business

US moves toward banning more Chinese telecoms carriers: FCC

The three firms -- China Unicom America, Pacific Networks, and ComNet -- had failed to adequately prove their Americas operations were not subject to "undue influence" from Beijing, the Federal Communications Commission said. 

4 years ago
Business premium

Govt optimistic about food price stability through Ramadan, Idul Fitri

Food commodity prices are expected to be relatively stable throughout the upcoming holiday season of Ramadan and Idul Fitri, with poor demand over the past year leading to larger stockpiles.

4 years ago
Business premium

Other islands close gap with Java in digital competitiveness

The 2021 Digital Competitiveness Index points to lessening disparity in digital competitiveness among Indonesia’s 34 provinces amid continued infrastructure development.

4 years ago
Business premium

Chinese bird's nest market ‘wide open’ to Indonesia

Indonesian bird's nest exports to China nearly doubled last year, driven by rising demand for the product as nutritious food.

4 years ago
Business

Honda to suspend 'most' North America auto production

The company is dealing with "a number of supply chain issues related to the impact from COVID-19, congestion at various ports, the microchip shortage and severe winter weather over the past several weeks," especially in Texas, a Honda spokesperson in Japan told AFP.

4 years ago
Page: 33

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Sat, May 17, 2025

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