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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

Indonesia on course to become major solar power exporter

Recently announced solar power export projects could point to a new trend as local and international companies look to tap into growing demand for clean energy in the region.

2 years ago
Business premium

Car sales drive up Astra International revenue 28% in Q3

A luxury tax (PPnBM) cut on cars boosted sales in the third quarter.

2 years ago
Business premium

AirAsia eyes ride-hailing, delivery through super app

Low-cost carrier AirAsia wants to expand its ride-hailing and package delivery services in Indonesia through its digital unit. The company also aims to be the number one online travel agency within five years.

2 years ago
Business

APRIL Group reaffirms sustainability commitments ahead of COP26

The recent Intergovernmental Panel on Climate Change (IPCC) Report, released in August, stated that the earth’s climate systems are experiencing changes which will have impacts across the world.

2 years ago
Business premium

Fossil fuel subsidies will likely render carbon tax useless: CPI

“Carbon tax and fossil fuel subsidies are canceling out each other," says Climate Policy Initiative (CPI).

2 years ago
Business

Delta wave slowed US economic growth in third quarter

The US economic expansion slowed dramatically in the third quarter to an annual rate of just two percent as consumer spending was choked by resurgent Covid-19 infections, the government said Thursday.

2 years ago
Business premium

EU investors keen on Indonesia's new capital: Ambassador

European Union (EU) Ambassador to Indonesia Vincent Piket has said that EU companies are keen on investing in Indonesia’s new capital city, signaling the availability of more private funding options for the multibillion dollar project.

2 years ago
Business

Indosat Ooredoo records 12% revenue growth, 22.7% EBITDA growth yoy

Leading digital telecommunications company Indosat Ooredoo has announced a strong set of financial results for the first nine months of 2021, a period ending on Sept. 30.

2 years ago
Business premium

Indonesian exports to EU might drop 20% without trade deal, union warns

The remark comes after a 10th negotiation round over a comprehensive trade deal concludes "without major breakthroughs".

2 years ago
Business premium

Standard Chartered to offer pay-later feature with Kredivo

In another tie-up between conventional banking and fintech, Standard Chartered Bank Indonesia has teamed up with Kredivo to offer consumers a pay-later feature.

2 years ago
Business

World should shut nearly 3,000 coal plants to keep on climate track: Study

The spotlight falls on China as the country that owns around half of the world's coal plants.

2 years ago
Business premium

Price ceiling for PCR tests cut to Rp 275,000 in Java, Bali

The government has lowered the maximum price for PCR tests to Rp 275,000 in Java and Bali and to Rp 300,000 in other regions.

2 years ago
Business premium

Gojek to deploy 5,000 e-motorbikes in second EV trial

Gojek is inching closer to its 2030 net zero goal with a plan to trial 5,000 electric motorbikes for its delivery and transportation services, starting with 500 in South Jakarta.

2 years ago
Business

Samsung reports 28% jump in profit despite supply chain woes

The South Korean tech giant posted a 28-percent jump in operating profit despite global supply chain challenges caused by the pandemic.

2 years ago
Business premium

Indonesia missing out in carbon trading

While authorities are mulling over the details of the country’s emissions trading system, companies are taking matters into their own hands by trading carbon credits overseas, specifically in Singapore.

2 years ago
Business premium

Most digital banks only half ‘mature’, OJK says

Indonesia’s digital banks, for all the potential ascribed to them, only achieved about half of the possible score in a recent assessment of their digital maturity by the Financial Services Authority.

2 years ago
Business

Hong Kong leads Asia down with tech hurt by US China Telecom ban

Hong Kong led most Asian markets lower Wednesday with tech firms in the firing line after China Telecom was banned from the United States, adding to already fraught tensions between the superpowers as concerns lingered about inflation.

2 years ago
Business premium

Q3 foreign investment down 2.7% amid Delta outbreak

The outbreak compelled the government to impose fresh mobility restrictions, which inhibited foreign investment inflows.

2 years ago
Business premium

Telkom’s Mitratel eyes $1.8 billion in biggest Indonesian IPO

Mitratel is expected to become the country's "biggest independent telecom tower player" after acquiring some 6,000 towers using the IPO's proceeds.

2 years ago
Business premium

Trend of small businesses going online remains strong: Study

Researchers have found that the share of small businesses using the internet in Yogyakarta rose to 59.64 percent in 2021 from 43.13 percent in 2018 as the pandemic has strengthened the general trend.

2 years ago
Business premium

Jokowi floats CPO export ban. Infeasible, experts say

High biodiesel prices, relatively low domestic crude palm oil (CPO) demand and international biodiesel trade barriers keep a domestic downstream palm oil industry out of reach for the time being.

2 years ago
Business

Mitigating climate change through sustainable financing

The government is promoting the green economy as one of the key strategies to mitigate the impact of climate change. At the heart of this strategy is the critical role of the Financial Services Authority (OJK).

2 years ago
Business premium

Medco Power to export solar power to Singapore

The Indonesian company will send solar-generated electricity from the Riau Islands to Singapore in a pilot project that could point the way for Indonesia's renewable power industry.

2 years ago
Business premium

Greater Jakarta LRT to continue trials despite ongoing crash probe

A Greater Jakarta LRT carriage crashed into another train during a trial run on Monday. Train manufacturer PT INKA said it would bear the cost of repair and resume operational trials.

2 years ago
Executive Column premium

Executive Column: RedDoorz CEO says it’s time to get out again

Hotel booking platform RedDoorz has seen some recovery in occupancy rates and revenue this year, and CEO Amit Saberwal expects further improvement as people get out to travel again.

2 years ago
Business

Tesla zooms past $1 trillion market cap on bet that the EV future is now

The market cap brings Tesla into the elite club of trillion-dollar companies that include Apple, Amazon, Microsoft and Google.

2 years ago
Business

Facebook invests billions in metaverse efforts as ad business slows

Facebook Inc. said on Monday it will start publishing the financial results of its augmented and virtual reality labs as a separate unit, where it is investing billions in its ambitions to build the "metaverse" and as it reported that its main advertising business faces uncertainty.

2 years ago
Business

Asia stocks catch Wall Street cheer but China caps gain

China has said it would expand pilot property tax reforms, adding to existing investor concerns about real estate in the mainland.

2 years ago
Business premium

Painstakingly slow progress on renewable energy infrastructure

The energy ministry expects investment in the sector to total US$1.44 billion by the end of the year, well below the targeted $2.04 billion.

2 years ago
Business

Choosing and consuming: Sustainability key to Indonesia’s food waste problem

With the increased focus on sustainability in recent times, a greener, more responsible way of living starts as small as the food on your plate.

2 years ago

Today's ePost

Mon, May 6, 2024

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