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Jakarta Post
Tech

Microsoft to axe 10,000 jobs as tech gloom deepens

The cuts were "in response to macroeconomic conditions and changing customer priorities," the maker of the Windows operating system said in a US regulatory filing.

2 years ago
Economy

Japan's 2022 trade deficit hits record on energy costs

Japan logged its largest-ever annual trade deficit last year, with the soaring price of energy and raw materials compounded by the dramatic fall of the yen. ...

2 years ago
Markets premium

B35 biodiesel program seen to hoist CPO prices, but only temporarily

The government’s push for the mandatory 35 percent biodiesel (B35) program may boost weakening crude palm oil (CPO) prices, but probably only temporarily, market observers anticipate. ...

2 years ago

The Latest

Companies premium

Indonesia’s telco banks growth on rural areas amid global headwinds

Telco tower firms seek to tap growth from rural areas and increase digital adoption in Indonesia. 

2 years ago
Markets

Weakening dollar seen to push investors to RI despite election uncertainty

An anticipated weakening of the United States dollar will make Indonesian markets more desirable for international investors, helping prop up the rupiah amid global and domestic uncertainty, analysts have said.

2 years ago
Tech premium

Rural banking start-up secures extra $8.5 million from East Ventures

Surabaya-based Komunal, which focuses on digitizing lenders outside of Jakarta, has secured a funding top-up from Indonesia’s East Ventures.

2 years ago
Companies

BASF, Eramet near $2.6 B Indonesia deal to process nickel for EV batteries

Germany's BASF and French miner Eramet are finalizing a $2.6 billion partnership deal to invest in a facility in Indonesia to process nickel for use in batteries for electric vehicles,.

2 years ago
Economy

US Treasury's Yellen, China's Liu to meet in Zurich for first in-person talks

US Treasury Secretary Janet Yellen and Chinese Vice Premier Liu He are to meet for talks on the global economy, sovereign debt issues and climate change.

2 years ago
Markets

Most Asian markets rise on recovery hopes

Asian markets mostly rose Wednesday following a mixed lead from Wall Street as traders fought to maintain the strong start to the year.

2 years ago
Tech premium

Southeast Asian food delivery GMV growth plunges to 5 percent

Despite the overall shift in consumer trend to online services during the pandemic, the region's food delivery platforms grew a mere 5 percent in GMV last year, plunging from 30 percent in 2021.

2 years ago
Economy premium

Preparing Indonesian banking sector to be resilient in 2023

The Indonesian economy in 2022 recovered from the COVID-19 pandemic and accelerated significantly amid a global economic slowdown and increasing uncertainty.

2 years ago
Economy

Jokowi asks banks to support downstream financing

President Joko “Jokowi” Widodo has asked the banking sector to support the country’s downstream industries, which the government hopes will boost the country’s export value, as well as supporting economic growth.

2 years ago
Regulations premium

Indonesian banks take ESG approach with grain of salt

The domestic banking industry is still reluctant to jump on the ESG financing bandwagon, citing challenges across the board in adopting the global principles, despite the OJK publishing a sustainability plan as far back as seven years ago.

2 years ago
Economy

China's economy grows at slowest pace in decades but tops forecasts

China's economy grew last year at its slowest pace in four decades as it was hammered by Covid lockdowns and a property crisis but the forecast-beating reading raised hopes for a strong recovery as it reopens.

2 years ago
Economy premium

US main contributor to Indonesia’s biggest-ever trade surplus

Exports grew faster than imports last year as natural resources remain the country’s primary source of revenue, but the December figures point to a slowdown in shipments from Indonesia.

2 years ago
Tech premium

Online shopping here to stay, post-PPKM: Market report

While the full revocation of COVID curbs means consumers can physically head to the shops, an industry report finds it likely that many users will continue to rely on online shopping.

2 years ago
Markets

Japan's sharp wholesale price rise heaps pressure on BOJ's ultra-easy policy

The 10.2 percent year-on-year rise in the corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, exceeded a median market forecast for a 9.5 percent gain, Bank of Japan data showed.

2 years ago
Regulations premium

Coal gasification ‘no easy feat’, say industry players

Zero-percent coal royalty may not suffice to answer Indonesia coal downstream ambitions with said there were many unnoticed challenges that the government may need to take into account. 

2 years ago
Economy premium

Russian oil shipped to Asia in Chinese supertankers amid ship shortage

China, the world's top oil importer, has continued buying Russian oil despite Western sanctions, after Russian President Vladimir Putin and Chinese leader Xi Jinping launched what they called a no-limit partnership before the war in Ukraine.

2 years ago
Companies

Freeport Indonesia bets big on EV with Gresik smelter project

Once fully operational, PTFI’s new smelter in Gresik could process 1.7 million tonnes of copper concentrate annually into 550,000 tonnes of copper cathode, which can be further processed into electrical wiring, pipes and car batteries, among other products.

2 years ago
Markets

Asian shares inch higher, BOJ battles bond bears

Asian shares edged higher on Monday as investors waited nervously to see whether the Bank of Japan (BOJ) would defend its super-sized stimulus policy at a pivotal meeting this week, while a holiday in US markets made for thin trading.

2 years ago
Companies

China operates first domestic Boeing 737 MAX flight since 2019

The resumption of flights is a boost for the American manufacturer in one of its most important markets.

2 years ago
Markets premium

Credit insurance industry under scrutiny as default claims rise fast

Indonesian credit insurance firms are under scrutiny after a government watchdog found competition in the industry to be unhealthy at a time when lenders are filing more claims on loan defaults.

2 years ago
Tech

OpenAI, creator of ChatGPT, casts spell on Microsoft

The hottest startup in Silicon Valley right now is OpenAI, the Microsoft-backed developer of ChatGPT, a much-hyped chatbot that can write a poem, college essay or even a line of software code.

2 years ago
Executive Column premium

Executive Column: Alibaba Cloud focuses on developers, local partnerships in Indonesia

Alibaba Cloud intelligence international president Selina Yuan shares about how the company expands its business in Indonesia since 2016 by establishing multiple data centers, and also its achievements and plans going forward.

2 years ago
Markets premium

Not back to normal for commercial real estate post-PPKM: Property firms

While most industries may have recovered to their pre-pandemic levels, commercial real estate could use a boost through government stimulus in light of lagging occupancy rates and global recession fears, industry insiders have said.

2 years ago
Tech premium

Indonesia's Xendit expands to Malaysia with investment in Payex

Financial technology start-up Xendit has established a foothold in Malaysia as it seeks to build a presence across Southeast Asia.

2 years ago
Companies premium

Cimory looks to expand with $130M investment from US firm

Indonesian dairy and consumer foods company Cimory has received an investment worth US$130 million from United States-based private equity firm General Atlantic.

2 years ago
Markets

Most Asian markets rise on hopes of Fed slowdown

Asian markets mostly rose again Friday and the dollar remained under pressure after data showing another slowdown in US inflation fueled bets the Federal Reserve will take a softer approach to its monetary tightening campaign.

2 years ago
Regulations premium

Malaysia says it could stop palm oil exports to EU after new curbs

Commodities Minister Fadillah Yusof said Malaysia and Indonesia would discuss the law, which bans sale of palm oil and other commodities linked to deforestation unless importers can show that production of their specific goods has not damaged forests.

2 years ago
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Today's ePost

Thu, July 13, 2023

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