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 agoJapan’s exports rose for the first time in two years in December, driven by shipments to China, government data showed, offering a glimmer of hope for policymakers counting on an export-led recovery amid a resurgence of the coronavirus.
4 years agoThe government has secured 426.8 million doses of COVID-19 vaccines, mostly from Beijing-based biopharmaceutical company Sinovac Biotech and American vaccine manufacturer Novavax, in an effort to end the pandemic and get the economy moving.
4 years agoArrivals of Indonesian nickel ore into China totaled 3.4 million tons last year, the General Administration of Customs reported.
4 years agoThe House Commission XI overseeing financial affairs will meet to discuss the candidates for the supervisory board.
4 years agoThe OJK aims to increase the sharia finance industry’s market share to 20 percent.
4 years agoMa had not appeared in public since Oct. 24, where he blasted China’s regulatory system in a speech at a Shanghai forum that set him on a collision course with officials.
4 years agoChina’s US$16 trillion sovereign debt market is the proverbial elephant in the investment room. But it’s becoming too big to ignore, even for the most risk-averse Western investors.
4 years agoThe streaming television leader added some 8.5 million paid subscribers in the quarter to reach 203 million, topping 200 million despite recent price hikes, its quarterly earning update showed.
4 years agoResponding to questions from the Senate Finance Committee at her confirmation hearing on Tuesday, Yellen called China "our most important strategic competitor."
4 years agoThe companies have established "a long-term strategic relationship," and Microsoft will join GM, Honda and institutional investors in a new US$2 billion equity investment round, GM and its Cruise subsidiary said in a press release.
4 years ago"Our focus should be on Main Street not Wall Street," Yellen said.
4 years agoPresident-elect Joe Biden, who will be sworn into office on Wednesday, last week laid out a US$1.9 trillion stimulus package proposal to boost the economy and speed up the distribution of vaccines.
4 years agoCoal and refined nickel production reached 102 percent and 137 percent of the target, respectively.
4 years agoThe government has unveiled a draft presidential regulation, derived from the recently passed Job Creation Law, that offers leeway for foreign investment in tech-based start-ups in special economic zones (SEZs).
4 years agoAs industry associations call for the government to ease restrictions a week into the latest PPKM policy, two economists underline that reducing daily virus cases is key to restoring consumption.
4 years agoThe joint advocacy efforts for palm oil, an ubiquitous commodity used in everything from lipstick and pizza to biodiesel, underscores the increasing regulatory challenges and reputational damage faced by the industry.
4 years agoTraders were also awaiting the Senate confirmation hearing for United States Treasury secretary pick Janet Yellen, which is expected to give lawmakers a chance to go over Joe Biden's huge stimulus proposal.
4 years agoAround 40 percent of workers are in vulnerable "non-regular" jobs with lower wages and contracts that can be terminated easily.
4 years agoAustralia wants to force the US tech giants to pay local media organizations for hosting news content or face millions of dollars in fines, in one of the most aggressive moves globally to check their power.
4 years agoAsian share markets edged ahead on Tuesday as investors wagered China’s economic strength would help underpin growth in the region, even as pandemic lockdowns threatened to lengthen the road to recovery in the West.
4 years agoGary Gensler will serve as chair of the Securities and Exchange Commission (SEC) and Federal Trade Commission member Rohit Chopra will head the Consumer Financial Protection Bureau (CFPB). Progressives see the agencies as critical to advancing policy priorities on climate change and social justice.
4 years agoThe Investment Coordinating Board (BKPM) has helped local small and medium enterprises (SMEs) sign deals over Rp 1.5 trillion (US$106 million) with national and multinational corporations to boost small firms’ role in global value chains.
4 years agoThe government data show that the contribution of green energy to Indonesia’s total energy consumption rose from 9.15 percent in 2019 to 11.51 percent last year, but fell short of the targeted 13 percent.
4 years agoThe EU plans to challenge the country’s nickel export ban at the World Trade Organization.
4 years agoRecent data from the energy ministry show that the COVID-19 health crisis and related restrictive policies have severely impacted the country's 2020 electrification plans and investment realization.
4 years agoThe German investment bank has released an optimistic forecast that investors will return this year to buy up Indonesia's foreign currency bonds as the rupiah strengthens amid the vaccine rollout.
4 years agoThe IPO could raise at least US$2 billion, one of the sources said, which would likely make it the largest overseas share offering by a Southeast Asian company.
4 years agoThe President has urged the OJK to improve industry supervision amid the government's ongoing efforts to recover the economy and draft a new omnibus law on the financial sector.
4 years agoGDP grew 2.3 percent in 2020, the data showed, making China the only major economy in the world to avoid a contraction last year as many nations struggled to contain the COVID-19 pandemic.
4 years agoDeliveroo is set to hold an initial public offering in the coming months, in what would be the biggest new share issue in London for three years.
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