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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

Facebook strikes deal with News Corp to license Australian news

News Corp said in a statement on Tuesday the agreement covers the Australian arm of the business and includes major mastheads such as The Australian national newspaper and metropolitan editions like the Daily Telegraph and Herald Sun. Sky News Australia, a subscription television service owned by News Corp Australia, has also reached a new agreement with Facebook.

4 years ago
Business premium

[ANALYSIS] Digital bank: Serving the underserved

The shift from cash to noncash transactions has become the key for financial institutions to keep their business competitive and resilient at the same time.

4 years ago
Business premium

ShopeePay retains discounts to feed e-shopping boom

ShopeePay, which has led digital payments in Indonesia since October, plans to strengthen its presence by extending discounts and cash-back offers in 2021.

4 years ago
Business premium

Indonesia sees first annual import growth in 20 months as manufacturing picks up

Imports jumped as manufacturers bought raw materials and new machinery to resume production.

4 years ago
Business

Danone sacks chairman after investor onslaught

Activist investors took aim at Emmanuel Faber, who became Danone's boss in 2017, and his management team, demanding his departure and a revamp at the top as the company struggles to plot a post-Covid recovery strategy.

4 years ago
Business premium

Fishery SOEs eye robust growth after planned merger this year

Indonesia's two leading state-owned fishery companies are expected to complement each other's business and achieve strong growth after a government-ordered merger.

4 years ago
Business premium

Rice imports back in spotlight as govt plans to buy up to 1.5m tons

Peak harvest season is expected to fall in early April, while the national average price of dry unhusked rice – the rawest form of rice – dipped 8.08 percent yoy to Rp 4,758 per kg in February.

4 years ago
Business

Asian markets mixed ahead of key Fed meeting

The general mood across trading floors is of a blockbuster surge in global growth this year as coronavirus vaccine rollouts and easing of lockdowns allow life to return to a semblance of normal.

4 years ago
Business

China punishes regional airline for crew's mid-air fight

The pilot, who, according to media outlet Caixin, blamed the head flight attendant for not clearing his way to the bathroom, will have his license revoked, Wu Shijie, deputy director of the Office of Aviation Safety at the Civil Aviation Administration of China (CAAC), told a monthly briefing.

4 years ago
Business

China industrial output, retail sales surge in pandemic rebound

Industrial production spiked a forecast-busting 35.1 percent on-year, the biggest bounce in decades, while retail sales also beat expectations with 33.8 percent growth.

4 years ago
Business

US air travel hits highest level since March 2020

Just over 1.35 million travelers were checked in at American airports on Friday, the most since March 15 last year, according to Transportation Safety Administration figures.

4 years ago
Business

'Markets be damned!': Fed standing firm on inflation fears

In the balance between allowing faster growth -- and rising prices -- in order to restore some of the more than nine million jobs still missing due to the Covid-19 pandemic, Fed Chair Jerome Powell's message has been clear: he wants to see more people back to work.

4 years ago
Business premium

Banks to phase out magnetic strip cards by 2022

Indonesia’s big four banks are increasing their efforts to phase out magnetic strip debit cards and replace them with chip-based cards to comply with Bank Indonesia’s (BI) directive to improve the nation’s digital security.

4 years ago
Business premium

Milk producer Frisian Flag Indonesia to build new $265m factory

The expansion was first announced during the Dutch king and queen's visit to Indonesia in March 2020.

4 years ago
Business

Dollar wallows near one-week low as bond yields retreat

The commodity-linked Australian and New Zealand dollars traded close to one-week highs reached overnight as inflation fears ebbed, sending Wall Street stocks to record highs.

4 years ago
Business

Biden signs $1.9 trilion coronavirus relief package into law

The package will deliver checks of up to $1,400 per person to most households, making it the third round of direct payments provided amid the health crisis that has continued for about a year.

4 years ago
Business premium

Life insurers eye ‘double-digit growth’ in 2021 amid recovery

Life insurers saw coverage shrink 7 percent yoy to 63.69 million people in 2020 mainly as companies cut back on employee benefits.

4 years ago
Business

Rolls-Royce losses double to $4.4 billion in 2020 pandemic

The loss after tax, equivalent to $4.4 billion or 3.7 billion euros, compared with a loss of £1.3 billion in 2019, the company said.

4 years ago
Business premium

Indonesia claims talks with Tesla on EV battery plant still in progress

Elon Musk said nickel supplies were the company's "biggest concern" while Indonesia is known as the world's largest nickel ore producer.  

4 years ago
Business premium

E-wallet LinkAja bags investment from Gojek

With the latest investment from Gojek, LinkAja has raised a total investment of more than US$100 million through its series B funding. The investment came after ride-hailing company Grab led a $100 million funding for LinkAja in November last year.

4 years ago
Business premium

Indonesia-Singapore bilateral investment treaty comes into effect

Indonesia and Singapore, respectively the largest and richest economies in Southeast Asia, expect the deal to boost two-way investment flows by up to 20 percent over the next five years.

4 years ago
Business

Cathay Pacific posts record loss, warns of long recovery

Chairman Patrick Healy described 2020 as the "most challenging" in the airline's 70-year history and said much will now depend on how effective and widespread global vaccination programmes are. 

4 years ago
Business premium

Reclusive Chinese water tycoon is now Asia's richest person

But reclusive Zhong Shanshan has become Asia's richest man following the stock listings last year of his Nongfu Spring mineral water and separate pharma company Wantai Biological Pharmacy Enterprise, which has tapped into massive demand for Covid-19 test kits.

4 years ago
Business premium

Govt extends electricity relief to June but halves discounts

The change will reduce electricity relief spending by 50 percent qtq to Rp 2.3 trillion in the April-June period even though the number of recipients has risen by 0.8 percent to 33.9 million over the same period.

4 years ago
Business

Chinese demand boosts German exports in January

Germany's exports ticked up in January on robust trade with China but imports sank as coronavirus shutdowns sapped consumer demand in Europe's top economy, official data showed Tuesday.

4 years ago
Business premium

[ANALYSIS] Could expanding ISPO certification be a global solution to Indonesia's palm oil dilemma?

One way to resolve the import restrictions on Indonesian palm oil would be to improve ISPO certification so that it can be accepted as global certification of sustainable palm oil.

4 years ago
Business premium

Property, construction, cars to lead Indonesian recovery in 2021: Fitch

Buoyed by favorable government and central bank policies, Fitch Ratings forecasts recovery this year for the three hardest-hit industries of 2020: property, construction and automotive.

4 years ago
Business

From checks to child poverty, US economy awaits Biden stimulus

A flood of money for Covid-19 vaccines, stimulus checks and unemployment benefits is set to flow into the US economy this week, with Congress's expected approval of President Joe Biden's US$1.9 trillion stimulus package.

4 years ago
Business

Deliveroo cuts annual loss before London float

The UK-based company made an underlying loss of £223.7 million ($309.3 million, 259.5 million euros) in 2020, Deliveroo said in a statement, hit by heavy investment.

4 years ago
Business premium

SMERU finds incomes shrink for 75% of Indonesian homes in 2020

A SMERU Research Institute survey shows that impacts of COVID-19 on Indonesian households have been "very severe" and "likely to continue" this year.

4 years ago
Page: 34

Today's ePost

Mon, May 19, 2025

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