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Economy premium

Govt aims to reduce airfares by 10 percent by October

Tourism and Creative Economy Minister Sandiaga Uno said the price reduction would help regions where airline tickets were more costly than average, particularly destinations in eastern Indonesia and Sumatra.

1 year ago
Finance

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1 year ago
Finance

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1 year ago

The Latest

Economy

Companies with negative cash flow could double in 2023: S&P report

The latest Global Debt Leverage report from S&P indicates that the number of companies with negative cash flow could double from 8 percent this year, with Chinese firms being the most vulnerable.

2 years ago
Economy premium

Consumer confidence drops, retail sales sluggish ahead of spending season

Consumer confidence has re-entered a downward trend after a brief rebound, while minuscule annual growth in retail sales does not bode well for household spending just weeks head of the year-end festive season.

2 years ago
Economy

EU palm oil use and imports seen plummeting by 2032

In its 2022-2032 Agricultural Outlook, the Commission projected palm oil would account for 9 percent of total biodiesel output by 2032, down from an average 23 percent for 2019/2021.

2 years ago
Economy premium

Ombudsman warns about maladministration in rice imports

The government needs to pay close attention to 12 indicators in accordance with Law No. 18 of 2012 concerning food to avoid maladministration in deciding about rice imports following recent changes, the Indonesian Ombudsman has warned.

2 years ago
Economy premium

Global recession impacts new ventures in Indonesia: McKinsey

A possible global recession may impact the rate of business expansion for new ventures in Indonesia, global consulting firm McKinsey & Company finds in its latest study.

2 years ago
Economy premium

Indonesia’s JETP may draw in more funds for SE Asia’s energy transition: Fitch

Indonesia’s Just Energy Transition Partnership (JETP) unveiled last month at the Group of 20 Summit in Bali will act as a catalyst to draw green investment into the wider region, a new report suggests, but the six-month period to firm up investment plans will be crucial.

2 years ago
Economy premium

Social commerce projected to contribute $42b in Southeast Asia’s online sales: study

Latest study forecasts social commerce to directly influence 25 percent or US$42 billion of annual e-commerce sales in Southeast Asia by the end of 2022, the majority of which happened on social-media platforms such as TikTok, Facebook and Instagram.

2 years ago
Economy

US floats new steel, aluminum tariffs based on carbon emissions

US officials are proposing to levy tariffs on steel and aluminum based on how much carbon the producing country's industries emit, in a bid to fight climate change and "dirty" metals made in China and elsewhere, two people familiar with the plan said on Wednesday.

2 years ago
Economy premium

Electrifying RI’s two-wheelers to catch the world’s biggest opportunities

The kind of growth we are about to see in the electric two-wheeler sector only comes along once in a generation. If investors and policymakers don’t catch the wave now, they will miss out on one of the world’s biggest opportunities.

2 years ago
Economy premium

Logistics issues may jeopardize rice imports as Bulog’s reserves run low

State Logistics Agency (Bulog), the government institution tasked with securing national staple food stocks, may face greater logistics challenges the longer the agency put off plans to seal the deal on import agreements with rice exporters.

2 years ago
Economy

China's trade shrinks sharply as feeble demand, domestic COVID woes take toll

China's exports and imports shrank at a much steeper-than-expected pace in November, as feeble global and domestic demand, COVID-induced production disruptions and a property slump at home piled pressure on the world's second-biggest economy.

2 years ago
Economy premium

Challenges amid recovery for Indonesian property sector in 2023

The Indonesian property sector is forecast to face great challenges in 2023 with lower growth. 

2 years ago
Economy

IATA: Airlines to return to profitability in 2023

The airline industry will become profitable again next year for the first time since 2019 as a snapback in air travel continues following nearly two years of COVID-19 restrictions, an industry association said on Tuesday.

2 years ago
Economy premium

‘Digital rupiah’ won’t cut out banks, fintech, BI claims

Bank Indonesia (BI) has said its plans to establish a central bank digital currency (CBDC) will not disrupt existing banking and digital payment systems, as it seeks to elbow out cryptocurrencies and pave the way for cooperation with other monetary authorities.

2 years ago
Economy premium

UK, RI partner on higher education to deal with ‘ridiculous cost’

Well-heeled Indonesians like to send their children abroad to give them an educational edge over their peers. While few can afford this, a bilateral partnership promises to let Indonesians obtain foreign degrees without even leaving the country.

2 years ago
Economy

Monday's EU-US trade talks overshadowed by tax concerns on climate measure

Top European Union officials intend to complain loudly to their US counterparts at a trade meeting on Monday about the bloc's electric vehicles being cut off from tax credits in US President Joe Biden's signature climate law.

2 years ago
Economy premium

Tito lambasts ‘wrong mindset’ in regions’ budget policies

Home Minister Tito Karnavian has criticized regional decision-makers for not doing enough to spend funds they have received to speed up investment and economic development.

2 years ago
Economy

World food prices ease further in November: FAO

The United Nations food agency's world price index fell marginally in November, marking an eighth straight monthly fall since a record high in March after Russia's invasion of Ukraine.

2 years ago
Economy

German exports fall as demand cools in Europe, US

German exports fell more than forecast in October, official data showed on Friday, as high inflation and supply chain snags hit demand in key trading partners, further raising the specter of recession for Europe's largest economy.

2 years ago
Economy premium

Indonesian banks reap geographic benefits, study finds

Banks in Indonesia and other countries of the region stand to gain from a stronger macroeconomic outlook, while European lenders face much bleaker prospects, according to McKinsey & Company, but emerging markets as a whole are no longer what they used to be.

2 years ago
Economy premium

Stubbornly low demand squeezes Indonesian manufacturers harder

Indonesia’s purchasing managers’ index (PMI) contracted for two-month straight to 50.3 points in November, the slowest in five months, and just slightly above the expansion threshold of 50.

2 years ago
Economy

IMF strategy chief heads to China, to focus on speeding up debt treatments

International Monetary Fund strategy chief Ceyla Pazarbasioglu said she will travel to China next week for high-level meetings, part of efforts to press the world's largest sovereign creditor for quicker progress on debt restructurings for countries in need.

2 years ago
Economy

Timor Leste opens new port in largest ever foreign investment

The $490 million port at Tibar Bay near the capital Dili is expected to expand trade for Timor Leste, one of the poorest countries in the region.

2 years ago
Economy premium

Global chaos could get in way of 2023 recovery, Jokowi warns

In a keynote address at the National Investment Meeting held on Wednesday, President Joko “Jokowi” Widodo explained that Indonesia and many other countries were facing economic woes that will be prolonged into 2023, and he expects a global recession to start “early next year”.

2 years ago
Economy

China's factory activity contracts as COVID disruptions spread

China's factory activity shrank for a second straight month in November, official data showed Wednesday, as large swathes of the country were hit by COVID-19 lockdowns and transport disruptions.

2 years ago
Economy premium

New minimum wages upset labor, yet employers pursue lawsuit

The minimum wage hikes recently declared in several major provinces are far from what labor unions had demanded, but it is business associations that are seeking legal recourse.

2 years ago
Economy premium

After the G20 Summit, what’s next for Indonesia?

A few weeks ago, Indonesia and Egypt were again in the global spotlight. They hosted global meetings that could hopefully reverberate for years to come and transform climate commitments into real action.

2 years ago
Economy premium

Govt banks on unused 2022 funds to minimize borrowing next year

The government is in no hurry to spend unused funds budgeted for this year, planning instead to use them to beef up the state treasury and thus reduce its reliance on debt financing next year, as borrowing gets more costly amid soaring interest rates and heightened uncertainty.

2 years ago
Economy premium

IdeaFest 2022 to talk NFTs, arts and IP financing

Indonesia’s creative industries festival is back, held offline for the first time since before the COVID-19 pandemic, and the agenda this year includes non-fungible tokens (NFTs) and art, sustainable lifestyles, music and more.

2 years ago
Economy

Singapore warns slower economic growth in 2023

Singapore warned on Wednesday that economic growth could slow to a trickle next year owing to weakness in key export markets including the United States, Europe and China, as rising interest rates and the Ukraine war cause headwinds.

2 years ago

Today's ePost

Thu, July 13, 2023

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