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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

Bitcoin soars past $40,000 for the first time

The price of bitcoin was $40,380 at roughly 1820 GMT, having jumped 10.4 percent during the trading session.

4 years ago
Business

Brash billionaire: Tesla CEO Musk world's wealthiest person

On Thursday, Musk surpassed Amazon Chief Executive Jeff Bezos as the world's wealthiest person.

4 years ago
Business

Stocks smash records as investors shrug off US violence

"Traders are unfazed by the chaos that we experienced on Capitol Hill yesterday," noted Naeem Aslam, chief market analyst at AvaTrade.

4 years ago
Business

Boeing to pay $2.5b to settle US fraud charges after MAX crashes

Prosecutors described Boeing's failings in withering terms, accusing the company of spreading "half-truths" and engaging in a "cover up."

4 years ago
Business premium

Reform, vaccination needed as state budget not enough to boost recovery: Sri Mulyani

Indonesia’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 ago
Business premium

Stricter virus regulations put businesses in bind

The 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 ago
Business

NYSE to delist 3 Chinese telecom firms in new reversal

The 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 ago
Business premium

Downward occupancy trend in commercial spaces in Indonesia to sustain in 2021

The 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 ago
Business

USTR slams India, Italy, Turkey on digital taxes but holds off on tariffs

The 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 ago
Business premium

Outlook 2021: Tourism recovery banks on outdoor recreation, domestic market

Growing outdoor recreation and domestic travel are expected to drive the recovery of tourism in Indonesia.

4 years ago
Business

Corporate group urges officials consider Trump's removal 'to preserve democracy'

The 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 ago
Business

Investors look on US Capitol breach with 'muted reaction,' worry if escalates

Scenes 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 ago
Business premium

More start-up partnerships 'expected' following Gojek, Tokopedia merger talks

Indonesia 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 ago
Business premium

Rupiah kicks off new year by recouping losses, pointing to further gains

The rupiah climbed to its six-month high and broke below the 14,000 mark against the US dollar on Monday

4 years ago
Business

Investment app Bibit secures $30m in new funding

The 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 ago
Business premium

Risks threaten Indonesian manufacturing despite moderate improvement: Analysts

Manufacturers 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 ago
Business

Where next for bitcoin after record-breaking year?

Having 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 ago
Business

Apple will modify executive bonuses based on environmental values in 2021

Apple 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 ago
Business

NYSE's U-turn on China telco delistings may reverse again

The 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 ago
Business

World Bank warns global recovery could erode if virus worsens

After 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 ago
Business

Difficult 2020 ends on an improving note for US carmakers

US 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 ago
Business

Oil prices surge as Saudi Arabia pledges to cut output

The 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 ago
Business premium

[ANALYSIS] Bond market investment prospects in 2021

Since the pandemic emerged, bonds have become a preferred investment option in the domestic market.

4 years ago
Business

Norway first to over 50% electric in 2020 new car sales: Industry group

Electric 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 ago
Business premium

Outlook 2021: Govt to push downstream mining industry as coal, metals rebound gently

World Bank data shows that COVID-19 expedited the flattening of coal prices and demand over the decade.

4 years ago
Business premium

Govt injects Rp 37t into state enterprises, agencies to boost recovery

The 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 ago
Business premium

Govt extends electricity discount for small homes, businesses until March

The 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 ago
Business

Drugmakers kick off 2021 with 500 US price hikes

Nearly all the increases were below 10 percent, and the median hike was 4.8 percent, down slightly from last year, 46brooklyn said.

4 years ago
Business

PSA and Fiat Chrysler close in on mega-merger

By 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 ago
Business

NYSE scraps plan to delist China telecom firms

In 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.

4 years ago
Page: 47

Today's ePost

Thu, May 22, 2025

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