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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

Global consumer discretionary funds see highest inflow in nearly six years

According to Refinitiv data, consumer discretionary sector funds saw inflows of US$2.5 billion in January, the highest since March 2015.

4 years ago
Business

Unilever profit hits 5.6 billion euros in 'volatile' year

Profit after tax, equivalent to $6.7 billion, fell by 0.8 percent compared with the level in 2019, the company said in an earnings statement.

4 years ago
Business

Elon Musk, back on Twitter, turns his attention to Dogecoin

Cryptocurrency Dogecoin surged more than 60 percent on Thursday after billionaire entrepreneur Elon Musk tweeted about it, two days after he said he was to take a break from Twitter “for a while”.

4 years ago
Business premium

Indonesia’s sovereign wealth fund should look 'beyond infrastructure'

Indonesia’s sovereign wealth fund should diversify into technology and private equity to attract foreign capital.

4 years ago
Business

Yellen convenes US market regulators to discuss GameStop

Yellen said officials will be "looking carefully at these events."

4 years ago
Business

Exxon Mobil reports huge 2020 loss as changes draw mixed reviews

Exxon Mobil, which has been criticized over the last year for both its financial performance and its approach to renewable energy investment, suffered a 2020 loss of $22.4 billion, after posting a profit of $14.3 billion in 2019.

4 years ago
Business

Japanese carmakers reopen manufacturing plants in Myanmar

On Monday, people were asked to stay at home because the situation was fluid, said Kalle Siebring, Head of Communications at Nissan ASEAN, who said that the company had prioritised the safety of its employees and partners.

4 years ago
Business

Back to 'basket case'? Myanmar economy at risk after coup

Myanmar's untapped potential was up for grabs in 2011, when generals in charge of a 49-year junta loosened their iron grip, paving the way for democratic reforms and economic liberalization in the country of more than 50 million people. 

4 years ago
Business

Cryptocurrency Ethereum hits record high ahead of CME futures launch

Ethereum hit all-time highs on Wednesday, breaking above US$1,500, as traders bought the cryptocurrency ahead of the launch of ethereum futures on the Chicago Mercantile Exchange next week

4 years ago
Business premium

Govt launches Indonesia’s largest sharia bank. Observers sense opportunity.

Bank Syariah Indonesia is the result of a merger of three state-owned sharia banks.

4 years ago
Business

Sony raises outlook amid home entertainment boom, but struggles to build more PS5s

Japan’s Sony Corp raised its full-year profit outlook by one-third, helped by pandemic-fuelled demand for games, movies and other content, but said it was struggling to build enough PlayStation 5 consoles amid a global shortage of semiconductors.

4 years ago
Business

Spotify outlook weakens as pandemic uncertainty persists

Spotify has seen a sharp rise in paid subscribers during the coronavirus crisis as people have been locked down at home and in the fourth quarter beat revenue estimates as it hit 155 million paid subscribers for its premium service.

4 years ago
Business premium

State-owned banks post record-low profits amid weak demand, high provisions

State-owned banks had it "bad" last year because the government had ordered them to actively restructure the loans of millions of micro, small and medium enterprises (MSMEs). 

4 years ago
Business

Google co-founder Sergey Brin opens family office in Singapore

The company overseeing the assets of Brin, the world's ninth-richest person with wealth of US$86.5 billion, set up its Singapore branch late last year, according to documents filed with the corporate regulator.

4 years ago
Business

Dollar near two-month highs on relative strength of US recovery

The view was bolstered by moves in Washington toward fast-tracking more stimulus spending that contrasted with concerns about extended European lockdowns and expectations for a decline in euro zone growth this quarter.

4 years ago
Business

Alphabet's Google posts record sales as retailers shell out for ads

Google, which generates more revenue from internet advertising than any other company, benefited from lockdowns that drove retail and other clients online, helping offset cutbacks by travel and entertainment advertisers.

4 years ago
Business

Japan's service sector slump deepens as COVID-19 emergency hits businesses

Japan’s services sector shrank at the fastest pace in five months in January, as a heavy blow to demand from a resurgence in coronavirus infections and a state of emergency in parts of the country greatly hurt new business orders.

4 years ago
Business

Pandemic lifestyle delivers earnings boon for Amazon, Google

Google-parent Alphabet and the Seattle-based e-commerce colossus reported large earnings Tuesday on thriving internet advertising and the booming market for online shopping.

4 years ago
Business

Jeff Bezos to step down as Amazon CEO

The world's richest person based on his Amazon stake, Bezos said he will transition to the role of executive chair in the third quarter, handing over the CEO role to Andy Jassy, who heads Amazon Web Services.

4 years ago
Business premium

Indonesia's factory activity hits six-year high

The country’s manufacturing activity rose to its highest level since July 2014, as the sector continued its gradual recovery from the pandemic-induced downturn.

4 years ago
Business premium

[ANALYSIS] 2021: A vaccine-led recovery

The biggest risk to economic growth is still the escalation of the COVID-19 pandemic.

4 years ago
Executive Column premium

Executive column: Unilever Indonesia expects FMCG to rebound in second half of 2021

We are optimistic for 2021, especially seeing that the market and the government is on the move. The first half of the year will be better than last year, but the industry will not be fully recovered yet. However, we see that recovery can happen in the second half of the year, especially if the vaccination process can take less than 18 months.

4 years ago
Business

Oil giant BP plunges into $20.3 billion annual loss on COVID-19

The enormous loss contrasted sharply with net profit of $4.0 billion in 2019, the British energy major said, adding that the  oil sector had been "hit hard" by the Covid-19 crisis.

4 years ago
Business

Suzuki halts production at 2 plants in Myanmar after coup

The Japanese automaker said it stopped output Monday afternoon at its factories in Yangon where a total of 400 employees work. It has yet to decide when to resume production.

4 years ago
Business

Myanmar coup to dampen US trade, impact footwear companies, experts warn

Total trade in goods between Myanmar and the United States amounted to nearly US$1.3 billion in the first 11 months of 2020, up from $1.2 billion in all of 2019, according to US Census Bureau data.

4 years ago
Business

Asian markets firmer as retail frenzy unsettles outlook

In early Asian trade, Australia’s S&P/ASX 200 benchmark was up 0.81 percent and South Korea’s KOSPI up 0.79 percent, adding to a rally in the previous session. Japan’s Nikkei futures rose 0.6 percent and Hong Kong’s Hang Seng index futures eased 0.1 percent.

4 years ago
Business premium

Inflation slows as COVID-19 restrictions reduce demand

The country’s consumer price index (CPI) in January fell by 1.55 percent year-on-year, the lowest since November, as income and demand were strained by the health crisis.

4 years ago
Business

German chemicals giant Bayer says to produce COVID-19 vaccine

He added that the company aimed to produce 160 million doses in the first 12 months. 

4 years ago
Business

'Going digital' means win-win for SMEs, e-commerce platforms

Speakers at a Jakpost Up Close webinar shared their digital transformation experiences and how “going digital” spelled a win-win solution for e-commerce platforms and Indonesian SMEs alike amid the COVID-19 health crisis.

4 years ago
Business premium

JCI under pressure amid forced selling, economic uncertainty

The Indonesia Stock Exchange’s (IDX) main gauge fell by 2.04 percent not long after the market’s opening on Monday, before rebounding and increasing by 2.75 percent.

4 years ago
Page: 40

Today's ePost

Tue, May 20, 2025

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