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 agoChina'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 agoChina 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 agoAutomakers 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 agoStatistics 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 agoAs Southeast Asia's largest food-delivery market, Indonesia is also a fertile breeding ground for the cloud kitchen business, industry players say.
3 years agoAsian 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 agoA drastic drop in production is expected over the coming decades unless decisive action is taken, while consumption is set to rise fast.
3 years agoThe 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 agoThose 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 agoThe countries include weighty tourist source countries like China and India, but excludes others, such as Australia and Malaysia.
3 years agoRecord high factory gate prices pile pressure on businesses already grappling with supply bottlenecks.
3 years agoSupply chain bottlenecks are driving prices higher and threatening to derail the economic recovery.
3 years agoAfter 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 agoAchieving 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 agoThe 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 agoAhead 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 agoThe tech giant reportedly told its manufacturers that chip suppliers including Broadcom Inc and Texas Instruments were struggling to deliver components.
3 years agoThe additional financing will support climate mitigation efforts including low-carbon energy sources, climate adaptation projects and private sector projects.
3 years agoThe ministry wants to increase national ownership of Indonesian tech start-ups, many of whom have been bagging funds from international investors.
3 years agoWhile 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 agoPresident Jokowi said the facility was "the biggest" single line copper smelter in the world.
3 years agoThe countries incurred a lot of debt to fund COVID-19 response programs.
3 years agoAs 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 agoThe government can now provide loan guarantees and state capital injections to the project, which is facing a US$2 billion cost overrun.
3 years agoThe 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 agoGlobal 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 agoThe 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 agoThe Finance Ministry expects to collect higher revenues starting in 2022 when most of the new provisions come into effect.
3 years agoAgriculture 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 agoAsian 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.
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