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 agoInternational food and beverage company Danone Indonesia has once again been named the Best Company to Work for in Asia by HR Asia, an international publication focused on human resources professionals.
3 years agoThe Chinese embassy's suggestion, in a submission to a parliamentary inquiry, came in the same week that Australian Treasurer Josh Frydenberg said Australia must diversify its economy to rely less on China, its largest trading partner, and warned businesses to brace for new tensions with it.
3 years agoThe value of Indonesian palm oil product exports rebounded in July thanks to a higher price for the commodity used in products from soap and cosmetics to food and fuel.
3 years agoThe state-owned toll road operator has lowered its 2021 capex disbursement expectation because of delays caused by the various activity restrictions imposed since January.
3 years agoMSCI's broadest index of Asia-Pacific shares outside Japan, gained 0.47 percent in early trading, but is still down around 0.8 percent compared to last week's close, in line with the global trend.
3 years agoBank Indonesia’s consumer confidence index has dropped to 77.3 as a seemingly endless COVID-19 pandemic stokes fear about jobs and income.
3 years agoState-owned Bank Mandiri has lowered its credit growth outlook for this year to between 3 and 4 percent, down from 5 percent, as it takes into account the effect of recent COVID-19 mobility restrictions.
3 years agoSome of the country's top business lobbies met the President to negotiate various issues ranging from mobility restrictions (PPKM) to the new capital city in East Kalimantan.
3 years agoJapan Airlines is looking to raise 300 billion yen (US$2.72 billion) to ride out anticipated funding challenges amid a continued slump in air traffic, two sources familiar with the matter said on Thursday.
3 years agoThe producer price index (PPI) rose 9.5 percent from a year earlier in August, the National Bureau of Statistics (NBS) said on Thursday, faster than the 9.0 percent increase tipped in a Reuters poll and the 9.0 percent reported in July.
3 years agoMSCI's broadest index of Asia-Pacific shares outside Japan lost 1.04 percent while Japan's Nikkei dropped 0.38 percent.
3 years agoForeign reserves stood in August at US$144.8 billion, reaching a record-high as the country received an additional allocation of the special drawing rights from the International Monetary Fund.
3 years agoIndonesian coal miners have booked either a profit increase or a reversal of last year's losses in strong first-half performance on the back of high prices due to increased demand as economies reopen and supply pressure amid the China-Australia trade spat.
3 years agoThe economy grew an annualised 1.9 percent in April-June, beating economists' median forecast for a 1.6 percent gain and the initial estimate of a 1.3 percent expansion.
3 years agoDeveloper BSD is getting in ahead of the competition with two urban real estate projects in East Kalimantan, banking on the revived plan to relocate the capital there to push up demand for residential property.
3 years agoAccording to BNC’s prospectus, the company will offer 5 billion shares at a nominal value of Rp 100 each in the rights issue but has yet to decide on the selling price.
3 years agoThe company stated it would use the funds to strengthen and increase its team in various fields, including operations, technology and marketing.
3 years agoThe COVID-19 pandemic in the current digital era has encouraged the use of digitalized health services in Indonesia, including telemedicine
3 years agoThe agreement comes as Southeast Asian start-ups expand operations, intensifying competition in the region’s fast-growing digital economy.
3 years agoIndonesia has set its coal benchmark price at the highest in over a decade, supported by surging demand in China, South Korea and Europe, a statement published by the Energy and Mineral Resources Ministry showed on Monday.
3 years agoPresident Nayib Bukele's government claims the move will give many Salvadorans access to bank services for the first time and save some US$400 million in fees on remittances sent home from abroad every year.
3 years agoThe Financial Services Authority (OJK) announced on Sept. 2 that the end date of the loan-restructuring program had been pushed back to March 2023, from the previous date of March 2022, which is itself an extension of the first expiry date of March 2021.
3 years agoThe publicly listed e-commerce platform is projected to become profitable in 2023, according to Macquarie Research, and it has moved toward that goal by cutting its net loss in the first half of the year.
3 years agoWith 322 variations of sambal (chili sauce) across the archipelago, it is no surprise that Indonesians love the heat. From Bali’s sambal matah to Manado’s sambal roa, each region has its own specialty, mixing in unique ingredients that truly makes the sambal stand out, whatever the dish it is paired with.
3 years agoGuinea is the world's second-biggest producer of the raw material that is refined into alumina, a substance used to make aluminium metal, and is the top supplier to China.
3 years agoAs the economic crisis sparked by the coronavirus has many people thinking about their financial future, more and more Indonesians are turning to stocks.
3 years agoThe oil and gas sector will remain a key growth driver for Indonesia in years to come, the energy minister has said, while urging a “measured” process for the transition to renewables.
3 years agoDEN member Satya Widya Yudha said on Thursday that the board was in talks with seven state bodies, including the National Development Planning Agency (Bappenas), on the possible revision.
3 years agoBank Indonesia and the People’s Bank of China have implemented a mechanism to rely more on their own currencies and less on the dollar in bilateral trade and investment.
3 years agoA recent YouGov poll suggests Indonesians are the most willing to pay for 5G services among people surveyed in 17 countries, surpassing 5G pioneers like China and Singapore.
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