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 price of bitcoin was $40,380 at roughly 1820 GMT, having jumped 10.4 percent during the trading session.
4 years agoOn Thursday, Musk surpassed Amazon Chief Executive Jeff Bezos as the world's wealthiest person.
4 years ago"Traders are unfazed by the chaos that we experienced on Capitol Hill yesterday," noted Naeem Aslam, chief market analyst at AvaTrade.
4 years agoProsecutors described Boeing's failings in withering terms, accusing the company of spreading "half-truths" and engaging in a "cover up."
4 years agoIndonesia’s budget deficit soared to a record Rp 956.3 trillion (US$69.07 billion) last year as the coronavirus pandemic fueled enormous government spending while tax revenue plunged.
4 years agoThe government announced on Wednesday that it would reimpose large-scale social restrictions (PSBB) on the two islands from Jan. 11 to Jan. 25 to combat a persistent rise in COVID-19 cases.
4 years agoThe latest flip-flop by the NYSE, which will remove China Telecom, China Mobile and China Unicom, reverts the exchange back to its original policy announced last week.
4 years agoThe downward trend in the occupancy rate of commercial property is expected to continue this year in Jakarta and Surabaya, even as new real estate is set to open in the two cities to add to the supply glut.
4 years agoThe probes are among several still open USTR Section 301 investigations that could lead to tariffs before President Donald Trump leaves office or early in the administration of President-elect Joe Biden. Among these is a more advanced probe into France’s digital services tax.
4 years agoGrowing outdoor recreation and domestic travel are expected to drive the recovery of tourism in Indonesia.
4 years agoThe head of a major US business group that represents 14,000 companies including Exxon Mobil Corp, Pfizer Inc and Toyota Motor Corp urged senior US officials to consider removing President Donald Trump from office after supporters of the outgoing president stormed the US Capitol.
4 years agoScenes of supporters of US President Donald Trump storming the Capitol building to undo Trump’s election loss shocked the world on Wednesday, but most investors viewed the unrest as a short-term event that was unlikely to have a lasting impact on asset prices.
4 years agoIndonesia may see more partnerships and mergers between start-ups operating in the country following merger talks between ride hailing firm Gojek and e-commerce platform Tokopedia as they seek efficiencies of scale.
4 years agoThe rupiah climbed to its six-month high and broke below the 14,000 mark against the US dollar on Monday
4 years agoThe investment app saw a 10-fold growth in transactions last year, benefiting from the shift in consumer behavior to online technology and saving instead of spending money amid the COVID-19 emergency.
4 years agoManufacturers in Indonesia remained confident that output will increase over the coming year, although sentiment dipped slightly in December, according to an IHS Markit survey.
4 years agoHaving quadrupled in price last year also on strong institutional interest, the leading virtual currency soared by 20 percent in just 72 hours to reach an all-time high US$34,792 on Sunday.
4 years agoApple lists six values that include environmental practices such as using recycled materials in products, diversity and inclusion among its workforce and the privacy and security of its devices.
4 years agoThe November executive order bans US investors from buying shares of companies that Washington alleges are owned or controlled by the Chinese military starting in November 2021.
4 years agoAfter shrinking 4.3 percent in 2020, the world economy is projected to grow by 4.0 percent this year, two-tenths lower than previously forecast.
4 years agoUS auto sales for 2020 are projected to drop 15.3 percent to 14.4 million – which would make it the worst year since at least 2012 – according to a December forecast from Cox Automotive.
4 years agoThe price of the main United States oil contract, WTI, jumped more than five percent higher at one point to hit US$50 a barrel for the first time since February.
4 years agoSince the pandemic emerged, bonds have become a preferred investment option in the domestic market.
4 years agoElectric vehicles accounted for 54.3 percent of the new car market in Norway last year, up from 42.4 percent a year earlier.
4 years agoWorld Bank data shows that COVID-19 expedited the flattening of coal prices and demand over the decade.
4 years agoThe government has disbursed Rp 37.07 trillion (US$2.63 billion) into four state-owned enterprises (SOE) and two state agencies to help revive the virus-battered economy.
4 years agoThe program grants a 100 percent discount for homes and businesses within the 450 volt-ampere (VA) category and a 50 percent discount for homes within the 900 VA subsidized category.
4 years agoNearly all the increases were below 10 percent, and the median hike was 4.8 percent, down slightly from last year, 46brooklyn said.
4 years agoBy number of cars sold, Stellantis and its workforce of over 400,000 will now rank behind Volkswagen, the Renault-Nissan-Mitsubishi alliance and Toyota.
4 years agoIn a brief statement, the stock exchange said it "no longer intends to move forward with the delisting action" for China Telecom, China Mobile and China Unicom.
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