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 agoThe Jakarta Composite Index (JCI), the main gauge of the Indonesia Stock Exchange (IDX), had already increased 4.71 percent to 6,428.59 since the beginning of January.
4 years agoAlthough cash remains king in Vietnam, the number of mobile payments reached nearly 700 million by end-August in 2020, up 980 percent against in the same period of 2019, official data showed.
4 years agoNearly a year after governments first imposed lockdowns to contain the virus, there is a growing consensus that more staff will in future be hired remotely, work from home and have an entirely different set of expectations of their managers.
4 years agoFor the Fed, even though the country’s short-term political and health risks seem great, they have focused on the more positive prospects of the medium term - with some suggesting the strength of the ensuing recovery may accelerate their plans to pull on some of the steps taken this year to battle the coronavirus recession.
4 years agoThe government has forecast growth of nearly 4 percent for the manufacturing sector this year, which would mark a turnaround from the slump last year, as the country gears up for a coronavirus vaccination program.
4 years agoConsumer spending contracted in the last two quarters of 2020 by around 4.75 percent year-on-year (yoy), mostly due to large-scale social restrictions (PSBB), which started in the second quarter.
4 years agoBPJT data published on Friday show that the country’s toll roads at the end of 2020 stretched a combined 2,346 km, up from 2,088 km in December 2019.
4 years agoThe Trade Ministry hopes exports will rebound 4.2 percent in real terms in 2021.
4 years agoPintek plans to use the facility to increase the accessibility and inclusivity of educational financing in Indonesia.
4 years agoSriwijaya's focus on second and third-tier routes gave it a loyal customer base and helped it snare nearly 10 percent market share behind Lion Air and national carrier Garuda Indonesia.
4 years agoTrump’s Commerce Department imposed the Section 232 metals tariffs – 25 percent on steel and 10 percent on aluminum – in March 2018.
4 years agoThe British government in December gave the example of ham and cheese sandwiches of a food that could not cross to the continent after Britain formally abandoned EU trade rules on Jan. 1.
4 years agoIt is unclear whether their decisions will have a lasting impact.
4 years agoStreaming television services, digital health devices, and superfast 5G mobile networks will be stand-out sectors this year, according to the Consumer Technology Association, which runs CES.
4 years agoThe notice follows an announcement by the US Trade Representative's office that it would impose an additional 15 percent tariff on aircraft parts, including fuselage and wing assemblies, and a 25 percent duty on certain wines.
4 years agoThe Venture Capital and Startup Indonesia Association (Amvesindo) believes the country can see more funding in 2021, despite a slowdown in the second half of 2020.
4 years agoBI Governor Perry Warjiyo said on Monday that the central bank aimed to expand the use of QRIS to around 12 million micro, small and medium enterprises (MSMEs) this year from 5.8 million last year. The move is expected to support the recovery of the coronavirus-battered economy.
4 years agoThe Financial Services Authority (OJK) has issued a regulation on a disgorgement fund to protect investors from illegal conduct as stakeholders stress the importance of proper fund management and education for retail investors.
4 years agoJapan has expressed interest in having one of its consortiums join Indonesia in operating the newly inaugurated Patimban seaport in West Java, a representative of the Japanese Embassy in Indonesia has said.
4 years agoIn Indonesia, companies delayed or even pulled out of several multimillion dollar projects last year, including projects to develop metal smelters, oil and gas fields, power plants and oil refineries.
4 years agoThey are looking for “bi-cultural” candidates with 20 or more years of experience who are familiar with Chinese tastes and can bridge the gaps between China and the United States, they added.
4 years agoWith vaccines being rolled out around the world and key risk events including the US election, Georgia senate runoffs and Brexit now out of the way, observers said focus is now on the expected global recovery from last year's economic catastrophe.
4 years agoThe report follows a statement on Friday from Hyundai Motor that it was in early talks with Apple after another local media outlet said the companies aimed to launch a self-driving electric car in 2027, sending Hyundai shares up nearly 20 percent.
4 years ago“We will continue to carry out the 1 million house program because a house is one of the basic needs people have to fulfill,” Basuki was quoted as saying in a statement published on Thursday.
4 years agoInvestors were keeping a wary eye on US politics as pressure grew to impeach President Donald Trump, though signs were an actual trial could be some time away.
4 years agoThe company is planning to develop a test kit that can detect the coronavirus in a saliva sample as well as optimizing their test kits to be compatible with every PCR machine available in the country.
4 years agoThe current reserves level was an increase of $2.3 billion from $133.6 billion in November and was estimated to be enough to cover 9.8 months of imports and payments of the government’s external debts.
4 years agoPublicly listed renewables developer PT Terregra Asia Energy has struck an agreement with state-owned construction firm PT Waskita Karya to build seven hydro power plants worth Rp 12.5 trillion (US$897.7 million) on Sumatra Island.
4 years agoThe chicken producer has announced the second largest offering of the year, with recent projections indicating sustained demand for chicken meat in 2021.
4 years agoWashington had announced the tariffs in July after a US investigation showed a French digital services tax (DST) unfairly singled out US companies such as Google, Facebook, Apple, and Amazon.
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