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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

Jack Ma's disappearing act fuels speculation about billionaire's whereabouts

Jack 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 ago
Business

OPEC+ ministers adjourn without deal on February production levels

The OPEC+ ministerial meeting came after the COVID-19 pandemic tanked the market for crude in 2020.

4 years ago
Business

MNC Group buys controlling stake in US brokerage Auerbach Grayson

MNC 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 ago
Business

Gojek in talks with Tokopedia for $18b merger: Bloomberg News

The merged entity would create an Indonesian internet powerhouse with a combined valuation of more than US$18 billion, the report added.

4 years ago
Business premium

Bourse opens securities crowdfunding for small firms

The 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 ago
Business premium

Indonesia records lowest inflation in history as purchasing power deteriorates further

The 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 ago
Business

Oxford Economics projects Indonesia’s GDP to grow 6% in 2021

An 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 ago
Business

Tesla delivered record number of cars in 2020

The 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 ago
Business

SKK Migas approves $282m plan for Repsol in gas-rich Kaliberau field

The field holds an estimated 2 trillion cubic feet of recoverable resources, according to initial estimates announced in 2019.

4 years ago
Business

China's December factory activity growth slows, higher costs hit firms

China’s vast industrial sector has staged an impressive recovery from the coronavirus shock thanks to surprisingly strong exports.

4 years ago
Business

China securities regulator says NYSE delistings 'political', impact 'limited'

The China Securities Regulatory Commission, in a question and answer posted on its official website, said the plans are “politically motivated”.

4 years ago
Business

China telecom firms slide after New York delisting as oil giants fret

Friday'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 ago
Business

Tech, cross-border activities set to drive Asia M&A in 2021

Deals involving Asia Pacific firms totaled US$1.2 trillion in 2020, up 12 percent from 2019.

4 years ago
Business

Singapore's virus-hit economy suffers worst decline in 2020

In 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 ago
Business

New York stock exchange delists Chinese telecoms firms

It 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 ago
Business premium

Outlook 2021: Indonesian economy likely to rebound but risks loom

The 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 ago
Business premium

Indonesian stocks conclude ‘year of retail investor’ on bearish note

Over the full year of 2020, the JCI lost 5.09 percent despite gaining 21.18 percent in the last three months.

4 years ago
Business premium

Indonesia, LG clinch $9.8b deal to build world’s first integrated EV battery industry

The MoU includes strategic investment projects in the EV battery cell industry that integrates the mining, smelting, refining, and precursor and cathode industries.

4 years ago
Business

Asian shares jump to record high as investors bet on healthier 2021

Convictions that global monetary authorities will continue to pump liquidity into the banking system to support the pandemic-stricken economy underpin risk assets.

4 years ago
Business premium

Indosat, Tri to team up for stronger position in Indonesia’s competitive telecom industry

A 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 ago
Business premium

PLN secures $500m ‘green loan’ for hydro, geothermal plants

The loan provides working capital for PLN to buy electricity from seven existing renewable energy projects.

4 years ago
Business

Investment banking from home thrived under COVID-19, but some fear losing their touch

Reuters 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 ago
Business

EU chiefs to sign Brexit trade deal Wednesday

In 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 ago
Business

Global stock markets pull back after record run

Wall Street's leading indices pushed further into previously uncharted highs during trading on Tuesday, but ended up closing lower.

4 years ago
Business

Transjakarta wants 10,000 electric buses in service by 2030

City-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 ago
Business premium

Indonesia prioritizes health, safety to revive tourism

The 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 ago
Business premium

[ANALYSIS] Understanding the low utilization of digital financial services

Recently 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 ago
Business premium

Garuda, Krakatau Steel receive state injections through MCB issuances

The MCB scheme channeled to both companies is part of the government’s Rp 695.2 trillion national economic recovery (PEN) program.

4 years ago
Business

Tokyo's Nikkei stocks index hits 30-year high

The 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 ago
Business premium

BPH Migas sets lower subsidized fuel quota for 2021

Subsidized 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.

4 years ago
Page: 48

Today's ePost

Thu, May 22, 2025

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