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Illustration of the Sriwijaya Air SJ-182 passenger jet
Illustration of the Sriwijaya Air SJ-182 passenger jet`
Business

Boeing must inspect older 737 jets after Indonesia crash: FAA

A failure of the "flap synchro wire" missed by the autothrottle computer -- which manages the plane's thrust -- "could result in loss of control of the airplane," according to a document issued by the US regulator.

1 day ago
Business

New US electric car chargers are a green leap of faith

With more electrical models set to hit showrooms, the focus will shift to consumers' willingness to pivot to electric cars at a time when conventional gas stations remain familiar and ubiquitous.

3 days ago
Business

From Peru to Laos, MIND ID starts hunt for lithium

Lithium is a key ingredient in the production of lithium-ion EV batteries that Indonesia plans to mass-produce in capturing a growing global EV market.

4 days ago

The Latest

Business

Boeing must inspect older 737 jets after Indonesia crash: FAA

A failure of the "flap synchro wire" missed by the autothrottle computer -- which manages the plane's thrust -- "could result in loss of control of the airplane," according to a document issued by the US regulator.

1 day ago
Business

New COVID-19 variants may jeopardize economic recovery in Indonesia

Economists are expecting a weaker economic recovery this year if the government cannot contain the spread of new COVID-19 variants.

1 day ago
Business

Elon Musk halts use of bitcoin for car purchases

Bitcoin fell more than 10 percent after Musk tweeted his decision to suspend its use, less than two months after Tesla began accepting the world's biggest digital currency for payment. Other cryptocurrencies, including ethereum, also fell before regaining some ground in Asia trade.

3 days ago
Business

New US electric car chargers are a green leap of faith

With more electrical models set to hit showrooms, the focus will shift to consumers' willingness to pivot to electric cars at a time when conventional gas stations remain familiar and ubiquitous.

3 days ago
Business

From Peru to Laos, MIND ID starts hunt for lithium

Lithium is a key ingredient in the production of lithium-ion EV batteries that Indonesia plans to mass-produce in capturing a growing global EV market.

4 days ago
Business

UK economy grows more than expected in March

Economists polled by Reuters had expected monthly growth of 1.3 percent.

4 days ago
Business

SoftBank Group logs record-high net profit for Japan firm in 2020

SoftBank Group broke the previous record of 2.49 trillion yen in net profit logged by Toyota Motor in fiscal 2017, according to data provided by Nomura Securities.

4 days ago
Business

Pipeline shutdown sparks fear of US gasoline shortage

While it remained unclear the degree to which supplies would be affected, drivers lined up to fill their tanks at gas stations in the southeast, with some carrying extra containers amid fears of fuel scarcity. 

4 days ago
Business

Nikkei logs sharpest fall in over 2 months on tech plunge, Asia falls

The 225-issue Nikkei Stock Average ended down 909.75 points, or 3.08 percent, from Monday at 28,608.59. The index closed at the lowest since April 21 with the largest point drop since Feb. 26. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 46.35 points, or 2.37 percent, lower at 1,905.92.

5 days ago
Business

Shopee reigns over Indonesia’s e-wallet market with price cuts, good looks

ShopeePay has captured the majority of Indonesia’s digital wallet market share by going on the price offensive. 

5 days ago
Business

Markets tumble in Asia as inflation fears haunt trading floors

All eyes are on the release this week of crucial data on US retail sales and consumer prices, with expectations for a sharp rise as the world's top economy reopens and vaccines allow people to return to a sense of normality.

5 days ago
Business

France’s Total exits Indonesia fuel retail market

The decision makes Total the second oil and gas company to exit Indonesia’s fuel retail market after Malaysia’s Petronas in August 2012.

5 days ago
Business

Miner MIND ID sets $2b annual capex with smelter focus

Of the total funds, 7 percent will be used for working capital while the remaining 93 percent will go toward several mining downstreaming projects.

6 days ago
Business

Philippines Q1 GDP contracts more than expected on prolonged lockdowns

Gross domestic product fell 4.2 percent in the March quarter from a year earlier, the statistics agency said on Tuesday, marking the fifth straight quarter of declines amid pandemic-induced lockdowns.

6 days ago
Business

Apindo labor chair expects employment recovery in 2022

The Indonesian Micro, Small and Medium Enterprise Association (Akumindo) is expecting employment to start recovering later this year, while the Indonesian Employer Association (Apindo) says the recovery may take place in the second quarter of next year.

6 days ago
Business

Asian stocks lifted by US jobs miss, oil rises on pipeline attack

Investors have for months been fretting the surge in activity expected in the second half of the year as economies reopen will send prices rocketing, forcing central banks -- particularly the Federal Reserve -- to wind back their ultra-loose monetary policies.

6 days ago
Business

Asian Development Bank to end coal, oil and gas financing: Draft statement

The multilateral development bank, which focuses on eradicating poverty in Asia, provided no timeline for its commitment. It also laid out conditions under which fossil fuel projects would continue to receive funding, such as where no other cost-effective technology was available.

1 week ago
Business

New platform launched in Indonesia for sustainable spice exports to EU

A new platform that promises more sustainable and better ways to produce and distribute Indonesian spices was introduced by Netherlands-based global foundation IDH-Sustainable Trade Initiative.

1 week ago
Business

EU leaders pledge Brussels' role in fight against poverty

The heads of the EU institutions agreed an action plan with stakeholders from labour and civil society, before heading to dinner with most of the 27 member state leaders ahead of Saturday's European summit. 

1 week ago
Business

Disappointing April jobs data pose new challenge for Biden agenda

The weak hiring also pushed the unemployment rate up slightly to 6.1 percent, according to the Labor Department's monthly employment report released Friday.

1 week ago