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 new regulation expands the types of borrowers eligible for MSME loans, among other changes.
3 years agoAsian shares got off to a mixed start on Monday as a disappointing United States (US) payrolls report promised to keep policy there super-loose for longer, but also clouded the outlook for global growth and inflation.
3 years agoThe pollution, emissions and clean-up costs of plastic produced in 2019 alone could be $3.7 trillion, according to a report from wildlife charity WWF. A projected doubling of plastic production could see costs rocket by 2040 to $7.1 trillion.
3 years agoThe national carrier of the Philippines said the filing will allow it to restructure contracts and cut debt by at least $2 billion while getting $655 million in fresh capital when it emerges from the Chapter 11 process.
3 years agoThe government is expecting the number of days it takes to register a firm to fall to 2.5 days in the World Bank’s 2022 ease of doing business (EODB) report from 10 days in the 2020 report.
3 years agoThe FAA confirmed on July 12 that some undelivered Boeing 787s have a new manufacturing quality issue the company needs to fix before shipment.
3 years agoThe government must cook up a recipe to grow the economy through activities that produce the lowest possible emissions in order to make good on its emissions commitment.
3 years agoThe manufacturing site in the northern state of Kedah will carry out final assembly of specific models for the local market, the company and Malaysian officials said.
3 years agoRome wasn’t built in a day, and neither will Indonesia’s new capital. Turning the plan into reality will take decades, authorities have said, putting a damper on hopes that the project would get off the ground during President Joko “Jokowi” Widodo’s term in office.
3 years agoWith Garuda's current downsizing plans, state-owned air travel holding firm Aviata is worried that aircraft supply will not meet demand between 2022 and 2024.
3 years agoThe first round of negotiations on the Indonesia-UAE CEPA launched on Sept. 2 to hammer out details of the historic deal by Sept. 4.
3 years agoThe Finance Ministry estimates that excise on plastic products and sweetened beverages may yield Rp 13.52 trillion a year in additional state revenue.
3 years agoThe State-Owned Enterprises (SOE) Ministry is set to merge port operators PT Pelindo I through IV in a bid to become a bigger, more efficient company that could become a global player in port services.
3 years agoA carbon capture utilization and storage (CCUS) project at the Tangguh liquefied natural gas (LNG) plant in West Papua has been approved in what developers claim will make Tangguh one of the cleanest LNG plants in the world.
3 years agoAmid concern about equity bubbles about to pop in Europe and the United States, Indonesia’s stock market has barely appreciated this year as the country lags behind in its economic recovery.
3 years agoThe company booked a net profit of Rp 3.58 trillion (US$251 million) in the January-June period, which compares to a Rp 2.18 trillion net loss in the same period last year.
3 years agoAnnual core inflation was recorded at 1.31 percent in August, slower than a month earlier, despite some relaxation in emergency COVID-19 curbs.
3 years agoThe manufacturing Purchasing Managers' Index (PMI) rose slightly to 43.7 in August from 40.1 in July, contracting for the second month in a row, IHS Markit reported Wednesday.
3 years agoThe flag carrier's average daily passenger count plummeted to 2,000 after the government started enacting emergency public activity restrictions (PPKM Darurat) in July.
3 years agoA significant increase in the number of insolvency and bankruptcy petitions has prompted demands for a temporary halt of such cases, which critics say have been abused to take unfair advantage of indebted companies. But a moratorium would put more pressure on banks.
3 years agoThe cables would increase Indonesia's internet capacity with Asia Pacific and North America, but sources point to issues related to regulatory headwinds, unequal internet access and cybersecurity.
3 years agoAuthorities begin a probe into a recent data breach jeopardizing over 1 million user accounts of the Indonesia Health Alert Card (eHAC) application.
3 years agoThe government has eased provisions for restaurants, shopping malls and some industries to operate with longer hours and higher capacity as the daily COVID-19 reports point to a falling number of cases.
3 years agoBank Indonesia (BI) plans to begin reducing liquidity on financial markets next year, following signals from the Federal Reserve that it is likely to start retracting its “easy money” policy this year.
3 years agoThe chief strategy officer of agriculture lender TaniHub lets us in on the means and goals of the start-up, which uses technology to unlock opportunities for farmers and small business owners across the country.
3 years agoChina's businesses and the broader economy came under increasing pressure last month as factory activity expanded at a slower pace while the services sector slumped into contraction, hurt by coronavirus-related restrictions and high raw material prices.
3 years agoThe industry minister has announced increased digitalization, a focus on the green and blue economy as well as measures to keep out imports in a bid to help domestic manufacturers.
3 years agoThe change is expected to be driven by China and India's promised transitions to cleaner energy.
3 years agoAsian shares started the week with gains and the dollar was not far off two-week lows after US Federal Reserve Chairman Jerome Powell struck a more dovish tone than some investors expected in long-awaited speech on Friday.
3 years agoAfter a period of significant success in curbing the share of unlicensed cigarettes on the market, the coronavirus pandemic appears to have driven demand for contraband.
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