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 agoThe city administration needs investors to develop three projects worth Rp 84.6 trillion (US$5.93 billion).
3 years agoAround a quarter of global carbon emissions comes from cars, trucks, ships, buses and planes, according to the IEA.
3 years agoAsian stock markets were becalmed on Wednesday as surges in oil and Chinese factory prices added to worries that a hot US inflation reading could renew pressure on policymakers to lift interest rates.
3 years agoAs the year-end holiday season approaches, the two indicators point to increased household spending, which has long been a key driver of economic activity in the country.
3 years agoBank Indonesia and the Central Bank of the United Arab Emirates (CBUAE) recently signed a memorandum of understanding on financial technology, a cross-border payment system and measures against money laundering and terrorism financing.
3 years agoIndosat Ooredoo and Google have announced a new strategic partnership to accelerate digital transformation across consumer and enterprise segments in the country by focusing on small and medium businesses (SMBs).
3 years agoAdvances in medical biotechnology have shown rapid development, especially with the pandemic that has threatened humanity over the past year and a half.
3 years agoSustainable pulp and paper producer Asia Pacific Resources International Limited (APRIL) Group has reasserted its pledge to prevent forest fires at the 26th UN Climate Change Conference of the Parties in Glasgow, Scotland.
3 years agoThe injection is part of the government’s plan to inject Rp 75 trillion ($5.3 billion) into the sovereign wealth fund this year to finance infrastructure, tourism and technology projects.
3 years agoMitbana, a joint venture company of Japan’s Mitsubishi Corporation and Singapore’s Surbana Jurong, has unveiled a partnership with Sinar Mas Land to develop a smart mobility solution through an integrated, sustainable and highly accessible public transit service in Bumi Serpong Damai (BSD) City in South Tangerang, Banten.
3 years agoThe Finance Ministry will inject Rp 4.3 trillion ($300.1 million) into the Jakarta-Bandung high-speed railway, so that construction can continue on a project that has far outgrown its original budget.
3 years agoProjects discussed included setting up a possible vaccine manufacturing hub for West Africa in Senegal, bolstering renewable energy supplies, boosting lending to women-owned businesses, and narrowing the digital divide.
3 years agoMusk said he was "prepared to accept either outcome" of the Twitter poll.
3 years agoStresses in China's real estate sector including from heavily-indebted Evergrande have the potential to impact the United States, the US Federal Reserve warns.
3 years agoPertamina, ExxonMobil, BP and Repsol are among the companies venturing into carbon capture projects in Indonesia.
3 years agoAsian markets were mixed Monday as long-running concerns about inflation offset forecast-busting economic data out of the United States and China, while tourism-linked firms rallied on optimism about the global reopening after Pfizer said its pill to treat COVID-19 was highly effective.
3 years agoThe investment from AKS, the world's largest standalone sugar refinery according to Bloomberg, will help Indonesia reduce its reliance on imported sugar while producing ethanol to meet its energy transition goals.
3 years agoAn Abu Dhabi-based company, Group 42 (G42), has joined forces with Sinar Mas Land to transform BSD City into a smart digital city, using technological innovations such as artificial intelligence (AI) and cloud computing, courtesy of the Middle Eastern company.
3 years agoThe US dollar made a steady start to the week on Monday but was kept below Friday peaks, as currency traders seek a path between markets' volatile interest rate projections and central bankers vowing to keep rates low even as inflation surges.
3 years agoTokopedia has marked the third anniversary of its merchant-oriented services platform, Mitra Tokopedia, by shining the spotlight on the small traditional businesses that comprise the bulk of its merchant partners.
3 years agoBy replacing part of their fleets with electric vehicles, ride-hailing and taxi companies may create the critical mass in charging station demand to trigger widescale EV use in Indonesia.
3 years agoThe media conglomerate plans to diversify into finance.
3 years agoStatistics Indonesia (BPS) reported Friday the country's economic growth was recorded at 3.51 percent, slower than the previous quarter and below government expectation.
3 years agoThe Energy and Mineral Resources Ministry has capped the coal price at $90 per ton for the domestic cement and fertilizer industry.
3 years agoIndonesia and three other countries are named as beneficiaries for a US$2.5 billion coal transition program by the Climate Investment Funds (CIF) to promote clean energy.
3 years agoIndonesia's economy expanded again in the third quarter, official data showed Friday, thanks to a pick-up in exports, but the rate slowed from the previous three months as the pandemic continued to take its toll.
3 years agoAsian markets were mixed Friday following the previous day's gains, with eyes on the release of key US jobs data later in the day, while investors are also assessing the outlook for central bank monetary policy in the face of surging inflation.
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