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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

Japan's exports post first annual gain in two years in December

Japan’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 ago
Business premium

Businesses, government at odds over priority recipients for coronavirus vaccines

The 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 ago
Business

Indonesia stays China's second-biggest nickel ore supplier despite export ban

Arrivals of Indonesian nickel ore into China totaled 3.4 million tons last year, the General Administration of Customs reported.

4 years ago
Business premium

Govt, House to assess leadership candidates for wealth fund

The House Commission XI overseeing financial affairs will meet to discuss the candidates for the supervisory board.

4 years ago
Business premium

Sharia finance thrives despite pandemic, to further grow in 2021: OJK

The OJK aims to increase the sharia finance industry’s market share to 20 percent.

4 years ago
Business

Alibaba's Jack Ma makes first live appearance in three months in online meet

Ma 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 ago
Business

Irresistible? Pension funds plot move on China's $16 trillion sovereign bond market

China’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 ago
Business

Netflix keeps growing in pandemic, tops 200 million subscribers

The 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 ago
Business

Biden's cabinet picks say US to stand against China trade abuses

Responding to questions from the Senate Finance Committee at her confirmation hearing on Tuesday, Yellen called China "our most important strategic competitor."

4 years ago
Business

GM teams up with Microsoft as electric car market revs

The 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
Business

Tug-of-war between debt and stimulus awaits Yellen at Treasury

"Our focus should be on Main Street not Wall Street," Yellen said.

4 years ago
Business

Asian markets open higher after gains on Wall Street ahead of Biden’s inauguration

President-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 ago
Business premium

Coal, nickel resilient as pandemic hits Indonesia’s 2020 mining output

Coal and refined nickel production reached 102 percent and 137 percent of the target, respectively.

4 years ago
Business premium

Indonesia to relax foreign investment rules for local start-ups

The 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 ago
Business premium

Businesses feel pain of new COVID-19 policy. Economists say it’s necessary

As 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 ago
Business

Indonesia, Malaysia eye joint campaign in Europe to counter palm oil critics

The 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 ago
Business

Investors eye recovery as most Asia markets rise, Yellen in focus

Traders 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 ago
Business

Pandemic reveals hidden poverty in wealthy Japan

Around 40 percent of workers are in vulnerable "non-regular" jobs with lower wages and contracts that can be terminated easily.

4 years ago
Business

US urges Australia to abandon news payment plan for tech giants

Australia 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 ago
Business

Asia shares look to China for recovery lead, earnings in focus

Asian 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 ago
Business

Outlook darkens for Wall Street as Biden's regulators take shape

Gary 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 ago
Business premium

BKPM matches SMEs with big firms to facilitate deals worth Rp 1.5t

The 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 ago
Business premium

Indonesia misses green energy mix target in 2020

The 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 ago
Business premium

Indonesia steels itself for EU metals dispute

The EU plans to challenge the country’s nickel export ban at the World Trade Organization.

4 years ago
Business premium

COVID-19 crisis severely disrupts 2020 electrification plans, investments

Recent 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 ago
Business

Deutsche Bank sees foreign investor resurgence in Indonesia’s bond market

The 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 ago
Business

Southeast Asia's Grab considering US IPO this year: Sources

The 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 ago
Business premium

Jokowi calls on OJK to 'show fangs' and protect investors, boost confidence

The 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 ago
Business

China's Q4 GDP growth ends 2020 in solid position after COVID-19 shock

GDP 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 ago
Business

UK's Deliveroo raises $180m from investors, valued at $7b

Deliveroo 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.

4 years ago
Page: 44

Today's ePost

Wed, May 21, 2025

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