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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.

3 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. ...

3 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. ...

3 years ago

The Latest

Business premium

France to provide $190m for feasibility study on Indonesian data center

Paris will arrange funding for the study as several French companies have signaled interest in an upcoming tender for the project.

3 years ago
Business premium

UAE AI company Group 42 looking to invest in Indonesia

Abu Dhabi-based Group 42, which specializes in artificial intelligence, is looking for investment opportunities in health care and advanced technologies.

3 years ago
Business premium

Garuda Indonesia to massively cut fleet, focus on Citilink: Sources

The 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 ago
Business

Indonesia reinstates temporary tax break for small-car sales

Indonesia 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 ago
Business

IMF chief denies altering World Bank report to appease China

IMF 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 ago
Business premium

Jobless benefit claims far exceed estimates for 2021

The Workers Social Security Agency (BPJS Ketenagakerjaan) is under pressure as claims have exceeded initial projections and membership has dropped.

3 years ago
Business

RI investment rules improved but inefficiencies remain: BritCham

The 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 ago
Business premium

Blibli to acquire Ranch Market operator

E-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 ago
Business premium

Oil and gas industry wants existing contracts exempted from carbon tax

Indonesian 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 ago
Business

Bumpy road as ageing Japan bets on self-driving cars

With 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 ago
Business premium

Indonesia posts record trade surplus, exports in August

While 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 ago
Business premium

Hyundai Motor, LG Energy Solution start work on SE Asia’s first EV battery plant

The 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 ago
Business premium

In this together: RI wants to coordinate G20 pandemic exit

Jakarta 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 ago
Business

Asian markets slip again as US data fails to temper recovery worries

Asian 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 ago
Executive Column premium

Executive Column: Investree plans to go beyond SME financing

The 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 ago
Business premium

Indonesia deprived of billions of dollars in tax income as firms shift profits abroad

Indonesia 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 ago
Business premium

Life insurance industry beats pre-pandemic revenue in H1

Revenue 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 ago
Business premium

Pluang jumps on investment app bandwagon with fresh $35m funding

The 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 ago
Business premium

SE Asia's 'biggest' wind farm to break ground in Sukabumi

Construction 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 ago
Business

As climate talks near, pressure grows on Asia to cancel new coal projects

With 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 ago
Business premium

Krakatau Steel forms construction supplies subholding

The state-owned steelmaker hopes the establishment of Krakatau Baja Konstruksi will improve competitiveness in the construction segment.

3 years ago
Business premium

Govt to expand insurance of state properties

The 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 ago
Business

Foot Locker to open shops, webstore in Indonesia

The 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 ago
Business premium

High nickel prices buoy mining companies’ fundamentals

Indonesia’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 ago
Business premium

Indonesia pushes for steam on key projects with Japan

Indonesia is revving for progress on several flagship infrastructure projects in cooperation with Japan, all in various stages of negotiation or development.

3 years ago
Business

Asia makes watchful start, Nikkei nears 30-year high

Asian 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 ago
Business premium

Palm oil-based jet fuel makes late debut in Indonesia

A 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 ago
Business premium

Indonesia to lead massive reduction of bank branches in SEA

Banks 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 ago
Executive Column premium

Executive Column: How Xiaomi became a top-selling brand in Indonesia

Xiaomi’s country director says the company is winning over Indonesian millennials and Gen Zers with affordable devices.

3 years ago
Business premium

Fresh meat: VCs pour funds into burgeoning e-grocery segment

The grocery segment was the biggest gainer and gross merchandise value (GMV) driver in the e-commerce industry during the first six months of 2020.

3 years ago

Today's ePost

Sat, May 3, 2025

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