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 agoFord announced Thursday that it would drastically reduce output of its top-selling F-150 truck because of the shortage of semiconductors, while General Motors has announced it will suspend work at three North American factories.
4 years agoSoutheast Asia is at the heart of many global supply chains, acting as a valued trade, investment and growth driver for the region. In the global race to net-zero, there is a growing need to recognize and tackle the carbon emissions burden of supply chains.
4 years agoBank Central Asia (BCA), Indonesia’s largest privately owned bank, has seen its net profit dip for the first time in at least 16 years as the COVID-19 pandemic affected loan demand and credit repayments.
4 years agoWhile the easing of the public activity restrictions (PPKM) may give certain businesses some breathing room, experts are not expecting the newly relaxed policy to have much impact on economic recovery.
4 years agoThe world's top carmaker made 838.7 billion yen ($8.0 billion) in the three months to December, compared with 559.3 billion yen a year earlier, it said as it revised up full-year forecasts for the second straight quarter.
4 years agoThe government is targeting between eight and 12 initial public offerings (IPOs) of state-owned enterprises (SOEs) in the next three years to end a hiatus of state-backed companies entering the stock market.
4 years agoThe more than 130-year-old brand logo, which featured an African-American woman named after a character in 19th-century minstrel shows, came under fire amid a national debate over racism and racial inequality in the United States.
4 years agoWith some 50 million daily users, Reddit remains one of the most visited websites, but has been eclipsed in recent years by rival social media platforms.
4 years agoAt least 85 percent of the investment is expected to come from the private sector.
4 years agoThe telecoms firm turned tech investment behemoth said net profit for October-December hit 1,171.9 billion yen ($11 billion), more than 21 times higher than the 55 billion yen ($500 million) reported a year earlier.
4 years agoThe repression of Muslim Uighurs, the Tiananmen Square crackdown, and S&M hook-ups -- nothing was off-limits in the rambunctious, unfiltered chatrooms of Clubhouse, before China's censors silenced the conversation
4 years agoRolls added in a statement that the move was part of its ongoing efficiency drive to counter chronic fallout from the Covid-19 pandemic, which has savaged global air travel.
4 years agoIndonesia plans to drill new development and exploration wells this year to offset the decline rate of its mature oil and gas fields, taking advantage of recovering global crude prices.
4 years agoIndonesia still faces critical challenges toward full economic recovery.
4 years agoThe spotlight remained on bitcoin as it reached a record above $47,000, building on a nearly 20 percent surge overnight that was the biggest since 2017, after Tesla announced a $1.5 billion investment in the digital asset.
4 years agoAccording to a Dialog statement, Renesas will pay 67.50 euros for each Dialog share between now and the end of the year, approximately 20 percent more than the closing price on Friday.
4 years agoThe economy is expected to pick up in the second quarter this year when more people are vaccinated and cases begin to plateau.
4 years agoAll three major US stock indices streaked to fresh records, extending last week's rally on optimism that additional US fiscal stimulus is coming soon, along with an expected economic recovery.
4 years agoNet profit for October-December hit 1,171.9 billion yen, more than 21 times higher than the 55.0 billion yen reported a year earlier, the conglomerate said.
4 years agoThe euro held gains versus the dollar but faces a test later on Monday with data that is expected to show German industrial output growth slowed at the end of last year.
4 years agoThe announcement came about a month after the country's cable broadcaster Korea Economic TV said the iPhone maker had approached Hyundai to discuss a potential partnership to develop electric vehicles and batteries for them, sending the carmaker's shares soaring.
4 years agoIts outstanding debut comes despite a crackdown by China on tech firms in recent months and will be a sign of encouragement to TikTok owner ByteDance, which is said to be planning its own listing.
4 years agoIt is the largest ever damages agreement in Latin America, according to the government of Minas Gerais, the southeastern state where the disaster sent millions of tons of iron-ore mining waste gushing over houses and farmland.
4 years agoThe parent of All Nippon Airways expects the number of employees in the business to fall to 30,000 by March 2026 from 38,000 estimated at the end of March this year by reducing new hires and with retirement, the sources said.
4 years agoThe move marks another sharp split with former president Donald Trump, who paralysed the organisation and opposed the candidacy of the former Nigerian finance minister who was backed by many other countries.
4 years agoIndonesia is forecast to record double-digit growth in digital transactions this year, with a notable acceleration of digital banking and e-commerce transactions.
4 years agoThe arrest of democratic leaders including Aung San Suu Kyi has sparked international condemnation and Kirin said it was "deeply concerned by the recent actions of the military in Myanmar".
4 years agoBut the net profit of 7.07 billion euros ($8.46 billion) for 2020 was more than anticipated by the group, which had expected a drop of 15 to 20 percent.
4 years agoA report by CNBC television, citing unnamed sources, said Apple was working with Hyundai and its Kia brand to produce the car in the southern state of Georgia.
4 years agoThe weak economic recovery reflects sluggish household spending amid large disbursement of government's coronavirus stimulus funds.
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