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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

Chip shortage puts the brakes on automakers

Ford 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 ago
Business premium

[ANALYSIS] The supply chain opportunity in the race to zero

Southeast 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 ago
Business premium

BCA records net profit dip in 2020 amid higher provisioning, pandemic impact

Bank 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 ago
Business premium

Businesses welcome eased curbs, but risk remains amid high COVID-19 toll

While 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 ago
Business

Toyota net profit soars in Q3, hikes full-year outlook

The 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 ago
Business premium

SOE Ministry aims for up to 12 IPOs in next three years

The 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 ago
Business

PepsiCo renames "Aunt Jemima" pancakes, syrup as "Pearl Milling Company"

The 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 ago
Business

Buoyed by stock market mania, Reddit raises fresh capital

With 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 ago
Business premium

Indonesia targets over $372 billion in investment to speed up recovery

At least 85 percent of the investment is expected to come from the private sector. 

4 years ago
Business

SoftBank CEO touts 'goose with golden eggs' as profit soars

The 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 ago
Business

Party over at Clubhouse, the app that had China talking

The 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 ago
Business

Rolls-Royce says to briefly shut UK engine factories

Rolls 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 ago
Business premium

Indonesia to double development drilling in 2021 amid recovering crude prices

Indonesia 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 ago
Business premium

[ANALYSIS] COVID cycle remains a risk for economic recovery

Indonesia still faces critical challenges toward full economic recovery.

4 years ago
Business

Dollar retreats on US recovery doubts, bitcoin tops $47,000 for first time

The 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 ago
Business

Japan's Renesas acquires chip specialist Dialog in $5.9-billion deal

According 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 ago
Business premium

Indonesian economy remains under stress as cases continue to climb

The economy is expected to pick up in the second quarter this year when more people are vaccinated and cases begin to plateau.

4 years ago
Business

US stocks hit records as Tesla investment boosts bitcoin

All 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 ago
Business

SoftBank Group net profit soars to $11.1 billion in third quarter

Net 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 ago
Business

Dollar nurses losses as traders await more data to determine direction

The 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 ago
Business

Hyundai, Kia deny Apple car talks, send shares tumbling

The 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 ago
Business

Chinese TikTok rival Kuaishou nearly triples on Hong Kong debut

Its 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 ago
Business

Brazil's Vale to pay $7 billion in damages for deadly 2019 dam collapse

It 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 ago
Business

ANA plans to cut workforce 20 percent over 5 years due to COVID-19

The 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 ago
Business

Path clears for Nigeria's Okonjo-Iweala as first woman WTO chief

The 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 ago
Business premium

Indonesia to see double-digit growth in digital transactions this year: BI

Indonesia 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 ago
Business

Japan's Kirin cuts ties with Myanmar military-owned firm over coup

The 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 ago
Business

France's BNP profit hit by virus crisis

But 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 ago
Business

Apple near deal with Hyundai on autonomous cars: reports

A 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 ago
Business premium

Breaking: Indonesia’s economy shrinks 2.07 percent in 2020

The weak economic recovery reflects sluggish household spending amid large disbursement of government's coronavirus stimulus funds.

4 years ago
Page: 39

Today's ePost

Tue, May 20, 2025

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