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 agoWhile 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 agoThe 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 agoAustralia'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 agoThe 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 agoChanges 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 agoAfter 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 agohe 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 agoTrade Minister Muhamad Lutfi said the growth target was based on the projected path of Indonesia’s economic recovery this year.
4 years agoMore striking was Biden's inclusion of a measure to more than double the federal minimum wage to $15.
4 years agoInvestors 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 agoThe 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 agoThe 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 agoInternational 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 agoThe Bali government, Sandiaga added, would prepare “Work from Bali” and “Study from Bali” travel packages that will be marketed soon.
4 years agoTalks 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 agoHigher 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 agoThe 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 agoRobinhood reversed course by the end of the day and said limited buying in the GameStop stocks would resume on Friday.
4 years agoThe UK asset manager entered the Indonesian market in 2014, when it bought an 80 percent stake in a local company.
4 years agoAsian 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 agoThe 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 agoJapan’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 agoMarket 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"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 agoIndonesian 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 agoPT Kalbe Genexine Biologics (KGBio) focuses on producing cancer immunotherapy drugs, a rising alternative to the hair loss-inducing cancer chemotherapy method.
4 years agoGrab holds nearly half of the Southeast Asian market.
4 years agoShares 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 agoRegulators worldwide grounded the MAX in March 2019 after crashes in Indonesia and Ethiopia.
4 years agoAccording to PitchBook data, United States venture capital firms raised a record $73.6 billion in 2020, but fewer funds are raising bigger amounts.
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