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 agoAccording to Refinitiv data, consumer discretionary sector funds saw inflows of US$2.5 billion in January, the highest since March 2015.
4 years agoProfit 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 agoCryptocurrency 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 agoIndonesia’s sovereign wealth fund should diversify into technology and private equity to attract foreign capital.
4 years agoYellen said officials will be "looking carefully at these events."
4 years agoExxon 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 agoOn 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 agoMyanmar'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 agoEthereum 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 agoBank Syariah Indonesia is the result of a merger of three state-owned sharia banks.
4 years agoJapan’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 agoSpotify 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 agoState-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 agoThe 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 agoThe 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 agoGoogle, 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 agoJapan’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 agoGoogle-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 agoThe 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 agoThe 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 agoThe biggest risk to economic growth is still the escalation of the COVID-19 pandemic.
4 years agoWe 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 agoThe 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 agoThe 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 agoTotal 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 agoIn 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 agoThe 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 agoHe added that the company aimed to produce 160 million doses in the first 12 months.
4 years agoSpeakers 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 agoThe 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.
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