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 agoMNC 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"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 agoThe 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 agoThe 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 agoA 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 agoIDCloudHost 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 agoThe 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 agoHigh investment needed for renewable energy power plants has hampered the transition from fossil fuels to renewables.
4 years agoThe deal comes after the landmark Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) came into effect in July last year.
4 years agoColombo 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 agoA 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 agoIndonesia 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 agoThe 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 agoWhile 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 agoThe 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 agoFrom 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 agoIkea France, as a corporate entity, will be in the dock as well as several of its former executives who risk prison terms.
4 years agoIndonesia 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 agoThe 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 agoThe 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 agoThe 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 agoIt 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 agoDevelopers 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 agoCentral 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 agoPertamina 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 agoThe 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 agoFood 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 agoThe 2021 Digital Competitiveness Index points to lessening disparity in digital competitiveness among Indonesia’s 34 provinces amid continued infrastructure development.
4 years agoIndonesian bird's nest exports to China nearly doubled last year, driven by rising demand for the product as nutritious food.
4 years agoThe 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 agoShare your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.
Thank you for sharing your thoughts. We appreciate your feedback.