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 agoJack Ma has not appeared in a public setting since a late October forum in Shanghai where he blasted China’s regulatory system in a speech that put him on a collision course with officials.
4 years agoThe OPEC+ ministerial meeting came after the COVID-19 pandemic tanked the market for crude in 2020.
4 years agoMNC Kapital is part of a business group controlled by tycoon Hary Tanoesoedibjo, an Indonesian politician and business partner of United States President Donald Trump.
4 years agoThe merged entity would create an Indonesian internet powerhouse with a combined valuation of more than US$18 billion, the report added.
4 years agoThe securities crowdfunding will allow SMEs to offer to investors equity, debt papers or sukuk for sharia-based funding worth up to Rp 10 billion (US$712,918).
4 years agoThe country’s annual consumer price index (CPI) stood at 1.68 percent last year as prices advanced 0.45 percent on a monthly basis in December, Statistics Indonesia (BPS) announced on Monday.
4 years agoAn Oxford Economics report has forecast that Indonesia's GDP will grow 6 percent this year, significantly more optimistic than earlier projections that put growth at 4.4 percent to 4.5 percent.
4 years agoThe pioneering high-end electric vehicle maker delivered 180,570 cars to customers and produced 179,757 in the fourth quarter of the year, it said in a statement Saturday.
4 years agoThe field holds an estimated 2 trillion cubic feet of recoverable resources, according to initial estimates announced in 2019.
4 years agoChina’s vast industrial sector has staged an impressive recovery from the coronavirus shock thanks to surprisingly strong exports.
4 years agoThe China Securities Regulatory Commission, in a question and answer posted on its official website, said the plans are “politically motivated”.
4 years agoFriday's move by the NYSE seeks to comply with an order by outgoing US President Donald Trump barring investment in firms with ties to the Chinese military.
4 years agoDeals involving Asia Pacific firms totaled US$1.2 trillion in 2020, up 12 percent from 2019.
4 years agoIn the fourth quarter, the economy shrank 3.8 percent year-on-year, less than expected, according to preliminary growth data released by the trade ministry.
4 years agoIt comes as relations between the world's two biggest economies spiral downwards over sore points ranging from trade and the coronavirus to Hong Kong and Xinjiang.
4 years agoThe government, the central bank and various international institutions have predicted that Southeast Asia’s largest economy will grow between 4.4 and 6.1 percent this year.
4 years agoOver the full year of 2020, the JCI lost 5.09 percent despite gaining 21.18 percent in the last three months.
4 years agoThe MoU includes strategic investment projects in the EV battery cell industry that integrates the mining, smelting, refining, and precursor and cathode industries.
4 years agoConvictions that global monetary authorities will continue to pump liquidity into the banking system to support the pandemic-stricken economy underpin risk assets.
4 years agoA planned collaboration between Indonesian telecommunication company PT Indosat and PT Hutchison 3 Indonesia, also known as Tri, is expected to produce a stronger company amid fierce competition among providers and strengthen the country’s telecommunications industry as a whole, according to experts.
4 years agoThe loan provides working capital for PLN to buy electricity from seven existing renewable energy projects.
4 years agoReuters interviews with more than two-dozen investment bankers show that many shifts in their business brought about by the pandemic are here to stay even once COVID-19 vaccines have been successfully rolled out.
4 years agoIn a statement, the Commission said the deal would be implemented on only a provisional basis, as there has not been time for the EU parliament to vote on it.
4 years agoWall Street's leading indices pushed further into previously uncharted highs during trading on Tuesday, but ended up closing lower.
4 years agoCity-owned bus operator Transjakarta has an ambitious plan to expand its electric bus fleet to 10,000 units over the decade as Jakarta, a city with one of the world’s worst air pollution, tries to push for cleaner air.
4 years agoThe government has vowed to prioritize health and safety in its efforts to revive the pandemic-battered tourism industry while highlighting new types of attraction that may offer promising business opportunities.
4 years agoRecently the government enacted Presidential Regulation (Perpres) No. 114/2020 on the national financial inclusion strategy, replacing Perpres No. 82/2016. Part of the reason was the achievement of the financial inclusion target, which is defined by the percentage of individuals with access to financial products and services.
4 years agoThe MCB scheme channeled to both companies is part of the government’s Rp 695.2 trillion national economic recovery (PEN) program.
4 years agoThe benchmark Nikkei 225 index surged 2.66 percent, or 714.12 points, to end at 27,568.15, while the broader Topix index rose 1.74 percent, or 31.14 points, to 1,819.18.
4 years agoSubsidized fuels is a prickly issue for the Indonesian government. The dirty commodity costs trillions of rupiah in state spending and swells carbon dioxide and air pollution levels, especially in big cities.
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