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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.

2 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. ...

2 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. ...

2 years ago

The Latest

Business premium

Jakarta counts on private investors to expand MRT, LRT

The city administration needs investors to develop three projects worth Rp 84.6 trillion (US$5.93 billion).

2 years ago
Business

Six major carmakers agree to phase out fossil fuel vehicles by 2040, says UK

Around a quarter of global carbon emissions comes from cars, trucks, ships, buses and planes, according to the IEA.

2 years ago
Business

Stocks stalled as oil fuels inflation nerves

Asian 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.

2 years ago
Business premium

Consumer confidence, retail sales recover from Delta impact

As 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.

2 years ago
Business premium

BI, UAE central bank cooperate on cross-border payments, financial crime

Bank 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.

2 years ago
Business

Indosat Ooredoo, Google Cloud to ramp up SMB digitalization

Indosat 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).

2 years ago
Business

“Indonesian medical biotech talents engage with global research community”

Advances in medical biotechnology have shown rapid development, especially with the pandemic that has threatened humanity over the past year and a half.

2 years ago
Business

APRIL Group reasserts forest fire pledge at COP26

Sustainable 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.

2 years ago
Business premium

Indonesia injects $4.2b into sovereign wealth fund to get big projects rolling

The 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.

2 years ago
Business

Sinar Mas Land-Mitbana to introduce smart mobility solution for BSD City

Mitbana, 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.

2 years ago
Business premium

Govt to pour Rp 4.3T into Jakarta-Bandung railway project

The 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.

2 years ago
Business

US eyes January rollout of projects to counter China's BRI

Projects 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.

2 years ago
Business

Twitter says 'yes' to Musk's proposal to sell 10% of his Tesla stock

Musk said he was "prepared to accept either outcome" of the Twitter poll.  

2 years ago
Business

US Fed flags potential risk from China's Evergrande

Stresses in China's real estate sector including from heavily-indebted Evergrande have the potential to impact the United States, the US Federal Reserve warns.

2 years ago
Business premium

Big Oil in Indonesia gets in on carbon capture

Pertamina, ExxonMobil, BP and Repsol are among the companies venturing into carbon capture projects in Indonesia.

2 years ago
Business

Asian markets mixed as inflation plays against recovery optimism

Asian 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.

2 years ago
Business premium

Dubai's AKS to invest $2b to develop sugar factory in Indonesia

The 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.

2 years ago
Business

Sinar Mas Land to transform BSD City into Indonesia’s first smart city

An 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.

2 years ago
Business

Dollar firm as US inflation poses next test

The 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.

2 years ago
Business

MSMEs take center stage at 3rd Mitra Tokopedia anniversary

Tokopedia 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.

2 years ago
Business premium

Gojek, Grab, Bluebird lead way for EV adoption in Indonesia

By 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.

2 years ago
Business premium

Emtek to acquire Bank Fama in $63 million deal

The media conglomerate plans to diversify into finance.

2 years ago
Business premium

Surge in commodity prices drives growth in Indonesia

Statistics Indonesia (BPS) reported Friday the country's economic growth was recorded at 3.51 percent, slower than the previous quarter and below government expectation.

2 years ago
Business premium

Govt to cap coal prices for domestic cement, fertilizer industries

The Energy and Mineral Resources Ministry has capped the coal price at $90 per ton for the domestic cement and fertilizer industry.

2 years ago
Business premium

Indonesia joins countries seeking faster coal exit

Indonesia 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.

2 years ago
Business

Indonesian growth boosted by strong exports in third quarter

Indonesia'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.

2 years ago
Business

Asian markets struggle to track Wall St rally, eyes on US jobs

Asian 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.

2 years ago

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Tue, March 19, 2024
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