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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

Pandemic payoff continues for Nintendo as profit soars

While new waves of infections have dashed economic recovery hopes in many industries, tightened restrictions have helped extend a run of good fortune for gaming companies.

4 years ago
Business

Japan Airlines expects net loss of $2.8 billion in 2020 amid pandemic

The major airline is expected to log the first red ink in the current business year through March since its relisting in 2012 following its bankruptcy in 2010.

4 years ago
Business

Microsoft seeks to fill void if Google exits Australia: reports

Australia's government has designed a mandatory news media bargaining code that would force Facebook and Google to compensate local publishers for hosting news stories on their platforms.

4 years ago
Business

China's factory recovery slows in January as COVID-19 returns

The official manufacturing Purchasing Manager’s Index (PMI) fell to 51.3 in January from 51.9 in December, the National Bureau of Statistics said in a statement on Sunday.

4 years ago
Business

Taxes and food certificates: UK counts Brexit costs

Changes since the UK's departure from the bloc's single market and customs union on January 1 have made it "commercially and practically impossible for us to continue actually shipping to the EU", laments cheesemaker Simon Spurrell.

4 years ago
Business

Dutch court orders Shell to pay Nigerian farmers for oil leaks

After 13 years of legal battles, an appeals court in The Hague ruled that Shell's Nigerian branch must pay out for leaks on land in two villages.

4 years ago
Business

AstraZeneca hit by COVID-19 jab delays and disagreements

he Anglo-Swedish firm also won plaudits for promising to provide the vaccine on a non-profit basis to lower- and middle-income countries.

4 years ago
Business premium

Indonesia eyes 6 percent growth in non-oil and gas exports after turbulent year

Trade Minister Muhamad Lutfi said the growth target was based on the projected path of Indonesia’s economic recovery this year.

4 years ago
Business

Biden, Democrats seek ambitious hike in US minimum wage

More striking was Biden's inclusion of a measure to more than double the federal minimum wage to $15.

4 years ago
Business

Regulators take notice as Reddit stock onslaught continues

Investors who organized over Reddit and other forums have in recent days targeted shares of companies that had been short-sold by hedge funds, which have bet that the price of the company would fall.

4 years ago
Business

Electric cars, fewer cows in New Zealand's climate change plan

The changes are among a raft of recommendations presented to the government by the Climate Change Commission on steps New Zealand must take to drastically reduce greenhouse gas emissions and address climate change.

4 years ago
Business

What happens when the US increases its minimum wage?

The proposed increase is much larger than those in the recent past, but supporters argue it is warranted because it has been more than a decade since the wage was lifted, and the current minimum wage is too little for life in the United States.

4 years ago
Business

Britain to apply to join Trans-Pacific Partnership free trade pact

International Trade Secretary Liz Truss will speak with her counterparts from Japan and New Zealand on Monday morning, with formal talks beginning later this year, the department said.

4 years ago
Business premium

Come work from Bali, minister says, as government eyes tourism recovery despite pandemic

The Bali government, Sandiaga added, would prepare “Work from Bali” and “Study from Bali” travel packages that will be marketed soon.

4 years ago
Business premium

Hungarian firm wins ministry tender for new toll road payment system

Talks on installing toll road technology in Indonesia have been ongoing since 2017 when Indonesia embarked on extensive infrastructure development projects that aim to improve the country’s connectivity through toll roads and other ways.

4 years ago
Business

India could unveil plan to boost oilseeds output, cut veg oil imports: Sources

Higher oilseed production in India, the world’s biggest buyer of cooking oils, will cut palm oil imports from Malaysia and Indonesia and trim soyoil and sunflower oil purchases from Brazil, Argentina, Russia and Ukraine.

4 years ago
Business

ANA posts record net loss of $2.9 billion in April-December

The loss is a reversal from a net profit of 86.45 billion yen in the same period last year, underscoring the severity of the hit from the spread of the novel coronavirus to the airline industry.

4 years ago
Business

Small investors behind surge in GameStop and other shares hit by restrictions

Robinhood reversed course by the end of the day and said limited buying in the GameStop stocks would resume on Friday.

4 years ago
Business

Standard Life Aberdeen to close Indonesian asset management business

The UK asset manager entered the Indonesian market in 2014, when it bought an 80 percent stake in a local company.

4 years ago
Business

Asian equities set to gain as short-squeeze subsides; dollar eases

Asian stocks were set to rise on Friday after US shares rallied and the dollar eased overnight, as fears of social-media driven hedge fund selling abated and the US earnings season got off to a strong start.

4 years ago
Business

Pandemic caused worst year for US economy since 1946

The United States saw its sharpest contraction in growth since 1946 as the coronavirus pandemic hammered the economy last year, but while the country may be set for a recovery, it hasn't arrived yet.

4 years ago
Business

Japan's December factory output extends declines as recovery stalls

Japan’s industrial output extended declines in December as factories struggled with a hit to demand from expanded COVID-19 lockdown measures globally, suggesting the economic recovery was teetering.

4 years ago
Business

"GameStop effect" could ripple further as Wall Street eyes short squeeze candidates

Market watchers identified dozens of stocks potentially vulnerable to extreme volatility after a buying spree from an army of retail traders in recent days prompted hedge funds to unwind their bets against GameStop and other companies, fueling surges in their share prices in a phenomenon known as a “short squeeze.”

4 years ago
Business

Crown prince says Saudi to sell more shares of energy giant Aramco

"There will be Aramco share offerings in the coming years, and this cash will be transferred to... the Public Investment Fund (PIF) to be re-injected inside and outside the kingdom," Prince Mohammed told Riyadh's Future Investment Initiative (FII) conference in a virtual session.

4 years ago
Business premium

E-wallet firms incorporate investment features to lure young investors

Indonesian e-wallet firms are aiming to tap into the growing number of young investors during the pandemic, by partnering with investment platforms to access to investment products like mutual funds and gold.

4 years ago
Business premium

Kalbe Farma’s subsidiary secures $55m investment for new cancer drugs, expansion

PT Kalbe Genexine Biologics (KGBio) focuses on producing cancer immunotherapy drugs, a rising alternative to the hair loss-inducing cancer chemotherapy method.

4 years ago
Business premium

Indonesia’s $3.7b food delivery market largest in region

Grab holds nearly half of the Southeast Asian market.

4 years ago
Business

GameStop, other retail darlings dented after Reddit group briefly shuts doors

Shares of GameStop and other companies tumbled in extended trading after Wallstreetbets, a discussion forum popular with retail traders on the Reddit website, briefly turned invitation-only. They pared those losses around an hour later, when the forum opened back up.

4 years ago
Business

Europe lifts safety ban on Boeing 737 MAX jet

Regulators worldwide grounded the MAX in March 2019 after crashes in Indonesia and Ethiopia.

4 years ago
Business

Venture Capital firm GGV raises $2.52 billion for latest funds

According to PitchBook data, United States venture capital firms raised a record $73.6 billion in 2020, but fewer funds are raising bigger amounts.

4 years ago
Page: 41

Today's ePost

Wed, May 21, 2025

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