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 agoSoybean prices hovered between $13 and $14 per bushel so far this year, compared to between $8 and $9 per bushel in the first half of 2020, according to Business Insider data.
4 years agoIndonesian agriculture technology (agritech) start-up TaniHub is eyeing further growth this year, as well as securing more funding and expanding its market, after enjoying a significant revenue increase last year amid changing consumer behavior.
4 years agoFollowing last week's beef strike, the government has intervened to help connect butchers to a major food distributor for supplies of frozen beef to bring down local prices of imported beef in Indonesia.
4 years ago"The 1,000 richest people on the planet recouped their COVID-19 losses within just nine months, but it could take more than a decade for the world’s poorest to recover," said the Oxfam report.
4 years agoThe number of exploration licensing rounds dropped last year due to the epidemic while companies including Exxon Mobil, Royal Dutch Shell and France’s Total also reduced spending, Rystad Energy analyst Palzor Shenga said.
4 years agoLawmakers in Washington are getting to work on the $1.9 trillion stimulus proposal from the new president, with some suggesting they could pass something before the Senate holds an impeachment trial of Donald Trump, which starts in the week beginning February 8.
4 years agoRenewable sources such as wind and solar generated 38 percent percent of the 27-member state bloc’s electricity in 2020, with fossil fuels such as coal and gas contributing 37 percent, the report by think tanks Ember and Agora Energiewende showed.
4 years agoChina’s $163 billion in inflows last year, compared to $134 billion attracted by the United States, the United Nations Conference on Trade and Development (UNCTAD) said in a report released on Sunday.
4 years agoThe Biden administration and Democratic and Republican lawmakers discussing a new US$1.9 trillion in coronavirus relief agreed on Sunday that the most important priority should be producing and efficiently distributing a vaccine.
4 years agoNearly two thirds of respondents to a survey conducted by financial technology (fintech) firm KoinWorks expected their businesses to decline this year.
4 years agoThe COVID-19 pandemic has opened up an unexpected opportunity in digitalization as more local micro, small and medium enterprises (MSMEs) go online than before, but the lack of internet infrastructure in parts of Indonesia has made it difficult for some businesses to bounce back.
4 years agoProductive-age citizens make up 70.72 percent of the population, the highest share since the decennial census began in 1961 and a tell-tale sign of a country entering its fertile period.
4 years agoTesla plans to import and sell the Model 3 in India for around US$65,000-$75,000 - roughly double the price in the US market, sources familiar with the plans said.
4 years agoThe World Bank has approved a US$500 million loan for Indonesia to strengthen its financial response to natural disasters, climate risks, and health-related shocks.
4 years agoIndonesia’s fuel sales fell last year for the first time since 2015 as the COVID-19 outbreak reduced demand and disrupted the country’s downstream oil and gas industry.
4 years agoShares in Jakarta slipped 1.6 percent and the rupiah dipped 0.34 percent.
4 years agoThe investment of 16 firms setting up production sites in Indonesia last year is estimated at US$7.15 billion and expected to create around 68,600 jobs.
4 years agoThe seven companies that control half the federal supply onshore in the Lower 48 states have leases and permits in hand that could last years.
4 years agoGoogle Australia Managing Director Mel Silva told a senate committee in Canberra that if the current draft media laws went ahead unchanged it would be "the worst-case scenario" and force the firm to block Australians.
4 years agoKadin chairman Rosan Roeslani likened the proposal to expediting a visa.
4 years ago“The markets had such a strong run yesterday after the presidential inauguration in the US and the run-up to that, that the lead coming in from the US is a bit messy,” said Shane Oliver, chief economist at investment manager AMP Capital in Sydney. “A lot of the good news is out there. I suspect a fairly flat day.”
4 years agoUS President Joe Biden issued an executive order on Thursday that would require international air travelers to quarantine upon US arrival, and directed US agencies to implement a federal mask mandate in interstate transportation.
4 years agoJack Ma had not appeared in public since Oct. 24, when he blasted China’s regulatory system.
4 years agoBI will also continue to implement its loose monetary policy.
4 years agoThe Indonesian sovereign wealth fund's supervisory board will be led by the finance minister and its members will include the state-owned enterprises (SOEs) minister and three professionals.
4 years ago“Corporations have started to see the urgency of digitalization, and start-ups see the need to reduce risk,” East Venture partner Melisa Irene said.
4 years agoMalaysia’s benchmark palm oil contract kicked off the year at near decade-high levels of 3,800 ringgit (US$940.13) due to a supply crunch in global edible oils.
4 years agoThe government's 2021 sukuk issuance plan to finance national infrastructure projects and reboot the economy has a competitive yield, but a securities analyst says investor confidence could hinge on the success of the COVID-19 vaccination program to reduce infections.
4 years agoThe Jan. 12-20 Reuters poll of 34 economists forecast Australia’s A$2 trillion (US$1.55 trillion) of gross domestic product would expand 3.5 percent this year - the fastest since polling began for the year in April 2019, although slower than the government’s growth projection of 4.5 percent - after contracting 3.0 percent last year.
4 years agoThe world's largest trade deal is expected to boost Indonesia’s exports by 11 percent and investment by 20 percent within five years after the trade deal takes effect in 2022.
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