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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

Outlook 2021: Vaccines, weakening US dollar to help JCI soar while risks remain

The 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 ago
Business

Vietnam mobile wallet MoMo raises about $100m, aims for IPO

Although 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 ago
Business

For many, COVID-19 has changed the world of work for good

Nearly 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 ago
Business

Jabs equal jobs? Fed sees possible economic boom if vaccine gets on track

For 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 ago
Business premium

Govt expects 4% growth in manufacturing sector this year after 2020 slump

The 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 ago
Business premium

[ANALYSIS] 2021 consumer spending: Will it recover solidly?

Consumer 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 ago
Business

258 km of toll roads built in Indonesia in 2020, short of target

BPJT 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 ago
Business premium

Trade growth hinges on vaccination as govt seeks 11 deals in 2021

The Trade Ministry hopes exports will rebound 4.2 percent in real terms in 2021.

4 years ago
Business premium

Start-up Pintek secures $21m debt facility from US-based Accial Capital

Pintek plans to use the facility to increase the accessibility and inclusivity of educational financing in Indonesia.

4 years ago
Business

Sriwijaya flew old planes and neglected routes to become No. 3 carrier

Sriwijaya'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 ago
Business

US steel groups, union urge Biden to keep Trump's steel tariffs in place

Trump’s Commerce Department imposed the Section 232 metals tariffs – 25 percent on steel and 10 percent on aluminum – in March 2018.

4 years ago
Business

Dutch customs seize sandwiches from UK passengers after Brexit

The 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 ago
Business

Republicans face growing corporate backlash after Capitol assault

It is unclear whether their decisions will have a lasting impact.

4 years ago
Business

Massive tech show kicks off as pandemic boosts spending

Streaming 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 ago
Business

New US tariffs on French, German aircraft parts, wines to start Tuesday

The 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 ago
Business premium

Indonesian start-ups seek to expand, accumulate more funding in 2021

The 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 ago
Business

Bank Indonesia aims to double QRIS usage among small businesses, boost cashless payment

BI 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 ago
Business premium

Implementation, education key as disgorgement fund scheme to take effect in July

The 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 ago
Business premium

Japan shows interest in Patimban seaport partnership

Japan 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 ago
Business premium

Energy and mining investments in Indonesia fall to 5-year record low in 2020

In 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 ago
Business

Tesla hunts for design chief to create cars for China: Sources

They 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 ago
Business

Most Asia markets, dollar rise as Biden's pledges huge stimulus

With 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 ago
Business

Apple, Hyundai set to agree electric car tie-up, says Korea IT News

The 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
Business premium

Govt housing program falls short of 1 million target last year

“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 ago
Business

Asia stocks hold near highs, yields up on US stimulus plans

Investors 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 ago
Business premium

Nusantics raises series A funds, develops third-generation COVID-19 test kits

The 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 ago
Business premium

Indonesia’s forex reserves near record-high in December

The 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 ago
Business premium

Terregra, Waskita sign $897.7 million deal to build seven hydro power plants

Publicly 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 ago
Business

Chicken producer Widodo Makmur aims to raise $85m in 'jumbo' IPO

The chicken producer has announced the second largest offering of the year, with recent projections indicating sustained demand for chicken meat in 2021.

4 years ago
Business

US suspends French tariffs over digital services tax

Washington 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.

4 years ago
Page: 46

Today's ePost

Thu, May 22, 2025

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