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 agoParis will arrange funding for the study as several French companies have signaled interest in an upcoming tender for the project.
3 years agoAbu Dhabi-based Group 42, which specializes in artificial intelligence, is looking for investment opportunities in health care and advanced technologies.
3 years agoThe national flag carrier reportedly plans to remove 80 aircraft from its fleet and renegotiate or cancel orders for more than 90, according to aviation news website flightglobal.com.
3 years agoIndonesia has reinstated a temporary luxury-tax break on sales of smaller cars as the concession helped boost demand for vehicles, the Finance Ministry said on Friday.
3 years agoIMF chief Kristalina Georgieva on Thursday disputed an independent investigation which found that in her previous job at the World Bank, she pressed staff to alter a report to avoid angering China.
3 years agoThe Workers Social Security Agency (BPJS Ketenagakerjaan) is under pressure as claims have exceeded initial projections and membership has dropped.
3 years agoThe British Chamber of Commerce in Indonesia (BritCham) says its members had reported improvements in investment procedures since the government passed the Job Creation Law.
3 years agoE-commerce platform Blibli has opted for a back-door listing by signing an agreement to acquire a majority stake in supermarket operator PT Supra Boga Lestari.
3 years agoIndonesian Oil and gas firms want existing contracts exempted from the carbon tax, arguing this is necessary to ensure the country remains attractive for upstream investment.
3 years agoWith an ageing population in need of transport, Japan is betting on autonomous cars, but an accident involving a self-driving showcase at the Paralympics illustrates the challenges ahead.
3 years agoWhile the domestic economic recovery may be slower than hoped, Indonesia is benefiting from rising activity in other countries, leading to a trade surplus that far exceeds expectations.
3 years agoThe electric vehicle battery plant in West Java is slated to mass-produce LG Energy Solution’s new NCMA battery cells starting in 2024.
3 years agoJakarta will put seven points on the finance agenda for next year’s G20 summit in Indonesia, but the main focus is recovering from the pandemic collectively, the government has announced just weeks ahead of this year’s G20 summit in Rome.
3 years agoAsian markets sank again Wednesday, tracking another sell-off on Wall Street, as figures indicating US consumer inflation slowed last month were unable to overcome concerns about the impact of the Delta variant on the global recovery outlook.
3 years agoThe peer-to-peer (P2P) lender’s CEO says he is looking to offer solutions beyond funding for SMEs as the company nears its sixth anniversary.
3 years agoIndonesia is believed to be losing around one-tenth of would-be corporate tax revenue as companies reduce tax bills by shifting profits overseas.
3 years agoRevenue in the life insurance business returned to the pre-pandemic level in the first half of the year thanks to annual growth of 64 percent.
3 years agoThe latest funding round was led by Melbourne-based Square Peg Capital and strengthens the Indonesian start-up’s development of products to invest in stocks, gold and cryptocurrencies.
3 years agoConstruction on the 150 MW Sukabumi wind farm in West Java is slated to begin soon, marking a major step in the use of wind power in Indonesia.
3 years agoWith Indonesia and five other nations accounting for over 80 percent of planned new coal projects globally, winning commitments to cancel those projects could help November's COP26 UN climate summit "consign coal power to history", researchers have said.
3 years agoThe state-owned steelmaker hopes the establishment of Krakatau Baja Konstruksi will improve competitiveness in the construction segment.
3 years agoThe Finance Ministry plans to expand insurance coverage on state properties to include infrastructure, labs, vehicles and dormitories, beyond just office buildings, schools and healthcare facilities.
3 years agoThe sports and leisure subsidiary of Indonesian retail giant MAP plans to open the first two stores of New York-based footwear retailer Foot Locker in Indonesia in the fourth quarter of the year, under an exclusive licensing agreement.
3 years agoIndonesia’s nickel benchmark price (HMA) hit US$19,239 per dry metric ton (dmt) in September, the highest level since October 2017, when the government launched the HMA.
3 years agoIndonesia is revving for progress on several flagship infrastructure projects in cooperation with Japan, all in various stages of negotiation or development.
3 years agoAsian shares made a guarded start on Monday to a week packed with important US and Chinese economic data and the launch of Apple's latest iPhones, while the Nikkei was tantalizingly near heights last visited in 1990.
3 years agoA consortium has started nine days of flight tests for an aviation fuel called Bioavtur J2.4, of which 2.4 percent is biofuel derived from palm oil.
3 years agoBanks in the region will close a significant number of branches over the next 10 years as customers shift from physical to digital banking services, particularly in Indonesia.
3 years agoXiaomi’s country director says the company is winning over Indonesian millennials and Gen Zers with affordable devices.
3 years agoThe grocery segment was the biggest gainer and gross merchandise value (GMV) driver in the e-commerce industry during the first six months of 2020.
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