TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

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

China growth slides to 4.9% in third quarter

China's economic growth weakened more than expected in the third quarter as the property sector struggled with tighter policy measures and an energy crisis loomed.

3 years ago
Business

Asian shares jittery ahead of China GDP; oil hits fresh highs

China Q3 GDP is seen up 5.2 percent year-on-year in a Reuters poll, the energy crunch shows no signs of abating, and Bitcoin is close it its all-time high.

3 years ago
Business

New car emissions tax in effect, but poised to little spur EV demand

Automakers say the new tax will push them to make lower emission cars, but it is still not enough to cover the price gap with EVs.

3 years ago
Business premium

Exports, imports fall in September as trade slows down

Statistics Indonesia (BPS) reported that exports grew by 47.64 percent year-on-year (yoy) and imports by 40.31 percent yoy in September, which were slower than a month earlier

3 years ago
Business premium

What’s cooking? Cloud kitchens see 'big opportunity' in Indonesia

As Southeast Asia's largest food-delivery market, Indonesia is also a fertile breeding ground for the cloud kitchen business, industry players say.    

3 years ago
Business

Asian shares open higher, oil back near multi-year highs

Asian shares advanced early on Friday, warmed by the embers of a strong day on Wall Street, which also supported risk-friendly currencies and hurt the safe-haven yen, though worries about the Chinese economy capped gains.

3 years ago
Business premium

Oil output could plummet 87% by 2040: National Energy Board

A drastic drop in production is expected over the coming decades unless decisive action is taken, while consumption is set to rise fast.

3 years ago
Business premium

Germany’s BASF, VW mull investment in Indonesia's battery industry

The announcements from the German manufacturers come after the investment minister hit the road to seek FDI into a key link of the electric vehicle supply chain.

3 years ago
Business premium

Affordable housing pushed further and further out of city centers

Those looking for a subsidized home – the only type of property affordable to most Indonesians – must look further and further away from the city as prices rise in urban centers. And that's a big problem, experts say.

3 years ago
Business premium

Bali opens to international flights from 19 countries

The countries include weighty tourist source countries like China and India, but excludes others, such as Australia and Malaysia.

3 years ago
Business

China's factory gate inflation hits highest level since 1996

Record high factory gate prices pile pressure on businesses already grappling with supply bottlenecks.

3 years ago
Business

IMF, G20 fret over supply chain bottlenecks, inflation

Supply chain bottlenecks are driving prices higher and threatening to derail the economic recovery.

3 years ago
Business premium

Doubt clouds Bali’s international reopening

After more than a year of setbacks and false starts, Bali’s international airport was poised on Wednesday to reopen to the foreign tourists on whom the island’s economy depends, but on the eve of the policy shift, technical details remained unresolved, last-minute regulatory changes loomed and skepticism abounded.

3 years ago
Business premium

Doubts emerge on plan to eradicate extreme poverty by 2024

Achieving the goal proclaimed recently by a Cabinet minister would require more spending on healthcare and business development, says a program director at the Institute for Development of Economics and Finance (INDEF).

3 years ago
Business premium

Insurance agents fret over planned 2% VAT

The Indonesian Insurance Agents Association (PAAI) has voiced its opposition to a planned 2 percent value-added tax (VAT) on insurance agent services after years of fighting for a 1 percent rate.

3 years ago
Business premium

Repsol to start operating 'first' CCS facility in Indonesia by 2027

Ahead of the much-anticipated COP26 at the end of this month, Repsol has announced its plan to install what it claims will be the first operational CCS facility in Indonesia by 2027.

3 years ago
Business

Apple likely to cut iPhone 13 production due to chip crunch: Bloomberg News

The tech giant reportedly told its manufacturers that chip suppliers including Broadcom Inc and Texas Instruments were struggling to deliver components.

3 years ago
Business

ADB boosts 2019-2030 climate financing goal to $100 billion

The additional financing will support climate mitigation efforts including low-carbon energy sources, climate adaptation projects and private sector projects.

3 years ago
Business premium

SOEs Ministry signals appetite to fund local tech start-ups

The ministry wants to increase national ownership of Indonesian tech start-ups, many of whom have been bagging funds from international investors.

3 years ago
Business premium

Lack of competition lets food delivery giants take large cuts

While a latecomer has entered the market with a slightly lower commission, high fees charged by the biggest names in the business are deemed overly burdensome for merchants.

3 years ago
Business premium

Freeport breaks ground on $3 billion copper smelter in Gresik

President Jokowi said the facility was "the biggest" single line copper smelter in the world.

3 years ago
Business

Poor countries' debt rose 12% to record $860 billion last year: World Bank

The countries incurred a lot of debt to fund COVID-19 response programs.

3 years ago
Business

Looming Evergrande bond coupon payments intensify contagion fears

As China Evergrande Group looks set to miss its third round of bond payments in three weeks, markets are shifting their focus to other indebted property developers as a wall of debt payment obligations come due in the near-term.

3 years ago
Business premium

Jakarta-Bandung high-speed train gets bigger govt backing after cost overrun

The government can now provide loan guarantees and state capital injections to the project, which is facing a US$2 billion cost overrun.

3 years ago
Business premium

Retail sales show gradual improvement in September

The retail sales index is estimated to have contracted by 1.8 percent year-on-year in September, which marks an improvement from a 2.1 percent annual contraction in August.

3 years ago
Business premium

Sustainable companies 'attract' investors, talents to Indonesia

Global service providers are urging businesses in Indonesia to adopt green energy and hybrid cloud solutions but also note that the country needs to address deficiencies in regulations to support companies in adopting environmental, social and governance (ESG) standards.

3 years ago
Business premium

Days before Bali reopens, govt undecided on quarantine

The government has yet to finalize the quarantine duration for foreign tourists looking to visit Bali – just days before the island wants to reopen.

3 years ago
Business premium

New tax law expected to raise tax revenue by at least 9%

The Finance Ministry expects to collect higher revenues starting in 2022 when most of the new provisions come into effect.

3 years ago
Executive Column premium

Executive column: Farmers need more than money, says CEO of agritech start-up Crowde

Agriculture peer-to-peer (P2P) lender Crowde provides farmers with seeds, equipment and training rather than cash, as CEO Yohanes Sugihtononugroho says that the platform aims to promote targeted loan use toward sustainable growth of farming as a business.

3 years ago
Business

Asia shares bounce, dollar breaks higher on yen

Asian shares rallied on Monday courtesy of gains in China which also helped US stock futures pare early losses, while rising Treasury yields lifted the dollar to a near-three-year peak against the Japanese yen.

3 years ago

Today's ePost

Sat, May 3, 2025

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.