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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 premium

Soy importers reject government's price ceiling as tempeh market in flux

Soybean 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 ago
Business premium

Agritech start-up TaniHub aims for further growth after last year’s revenue surge

Indonesian 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 ago
Business premium

What's the beef? Govt links butchers with supplier, mulls diversifying import sources

Following 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
Business

COVID condemns billions to poverty for a decade: Oxfam

"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 ago
Business

Top oil companies hit brakes on search for new fossil fuels

The 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 ago
Business

Most Asian markets rise with eyes on US stimulus push

Lawmakers 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 ago
Business

Renewables overtook fossil fuels in EU electricity mix in 2020: Report

Renewable 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 ago
Business

China was largest recipient of FDI in 2020: Report

China’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 ago
Business

'We can't wait:' Biden pushes US Congress for $1.9 trillion in COVID-19 relief

The 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 ago
Business premium

Small enterprises expect further slowdown this year

Nearly two thirds of respondents to a survey conducted by financial technology (fintech) firm KoinWorks expected their businesses to decline this year.

4 years ago
Business premium

COVID-19 accelerates MSME digitalization despite inadequate connectivity

The 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 ago
Business premium

Do or die as youth dominate demographics

Productive-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 ago
Business

Long road for Tesla in India with infrastructure, supply chain woes

Tesla 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 ago
Business

World Bank approves $500m financing for Indonesia disaster response

The 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 ago
Business premium

Indonesia’s fuel sales see first decline in five years amid outbreak

Indonesia’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 ago
Business

Rising virus deaths hit Indonesian shares; Asian currencies dip

Shares in Jakarta slipped 1.6 percent and the rupiah dipped 0.34 percent.

4 years ago
Business premium

Sixteen companies relocate to Indonesia amid global downturn

The 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 ago
Business

Big US oil drillers have federal permits to mute effect of any Biden ban

The 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 ago
Business

Google threatens to block Australians over media law

Google 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 ago
Business premium

‘Why not?’: Jokowi may allow private sector to offer vaccinations

Kadin chairman Rosan Roeslani likened the proposal to expediting a visa.

4 years ago
Business

Asian markets set for messy open after US stocks peak following Biden inauguration

“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 ago
Business

Biden seeks to require international air passengers to quarantine upon arrival

US 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 ago
Business

Jack Ma's reappearance fails to soothe all investor concerns about regulatory crackdown

Jack Ma had not appeared in public since Oct. 24, when he blasted China’s regulatory system.

4 years ago
Business premium

Bank Indonesia holds key rate, pledges more support to help economic recovery

BI will also continue to implement its loose monetary policy.

4 years ago
Business premium

Government, House name sovereign wealth fund’s supervisory board members

The 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
Business premium

Indonesian start-ups, larger firms to seek partnerships as digitalization picks up

“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 ago
Business

Palm oil prices may hit nine-year high in turbulent 2021

Malaysia’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 ago
Business

Indonesia plans $2b sukuk issue to fund infrastructure projects

The 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 ago
Business

Australian economy forecast to rebound in 2021 as pandemic subsides: Reuters poll

The 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 ago
Business premium

Indonesia eyes double-digit growth in exports, investment through RCEP

The 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.

4 years ago
Page: 43

Today's ePost

Wed, May 21, 2025

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