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Jakarta Post
Economy

ADB pours $93m loan to advance Indonesia’s shrimp farming

Called “The Infrastructure Improvement Project for Shrimp Aquaculture”, the project is designed to assist the Marine Affairs and Fisheries Ministry in introducing sustainable shrimp aquaculture to increase productivity, quality, profitability and environmental preservation in shrimp-farming areas for smallholders.

2 years ago
Markets

Asia stocks slide toward weekly loss as central banks plough on with rate hikes

Asia stocks fell for a second day in a row on Friday, and were headed for their worst week in two months, after a slew of central banks raised interest rates and warned there were more hikes to come next year. ...

2 years ago
Regulations premium

New finance law extends BI’s role, but poses risk to fiscal discipline

A newly ratified omnibus law on the financial sector will formalize Bank Indonesia’s (BI) role in helping to finance the fiscal deficit in times of crisis, which economists believe could undermine the central bank’s independence and the government’s efforts to maintain fiscal discipline. ...

2 years ago

The Latest

Companies

HigherHeight spotlights global biotechnology research practices

Advances in biotechnology have accelerated more than ever during the COVID-19 pandemic. Innovative techniques in the field allowed scientists to pioneer vaccines in a matter of months rather than years, bringing biotechnology to the forefront of scientific and technological development.

2 years ago
Economy premium

Amid continuing surplus, RI trade performance cools

Indonesia’s trade performance was not quite as brisk as expected in November, with an erosion of export growth and a drop in imports amid a continuing trade surplus.

2 years ago
Economy

G7 nations to provide Vietnam with $15.5 bln to cut coal use

The group signed similar deals last year with South Africa and last month with Indonesia.

2 years ago
Regulations premium

Govt details purchase incentives for locally produced EVs

Indonesian government is finalizing an incentive scheme for the purchase of electronic vehicles (EVs) produced by manufacturers inside the country, in a bid to force industry players into realizing their investment.

2 years ago
Regulations

Indonesia's new finance laws expand central bank's mandate

Indonesia's parliament on Thursday voted to approve financial legislation that widens the central bank's mandate to include supporting sustainable economic growth and formalize its debt monetization operations.

2 years ago
Markets

Asian stocks sag with dollar as hawkish Fed spurs recession fears

Asian stocks sagged on Thursday, tracking declines on Wall Street, after the US Federal Reserve projected higher interest rates for a longer period.

2 years ago
Economy premium

First ‘normal’ year-end holiday since pandemic: A windfall for tourism

Both the government and business players are preparing to embrace two major holidays, Christmas and New Year, which it is hoped will be catalysts in spurring domestic spending on leisure activities that will boost the tourism recovery.

2 years ago
Companies

Elon Musk sells Tesla shares worth $3.58 bln

Tesla Inc Chief Executive Officer Elon Musk has sold 22 million shares worth US$3.58 billion in the electric-vehicle maker, a US securities filing showed on Wednesday. 

2 years ago
Economy

Russia's oil exports rose but its revenue fell ahead of price cap

Russia's oil exports rose in November ahead of a Dec. 5 price cap imposed by the G7, the European Union and Australia to curb Moscow's wartime revenue, the International Energy Agency (IEA) said on Wednesday.

2 years ago
Companies

The right product for the right buyer: E-commerce strategies to stand out from the pack

Over the past three years, the way we shop has changed massively. Amid a global pandemic, more customers shifted to online shopping as it allows them to click the checkout button from the comfort of their own homes.

2 years ago
Companies premium

XL, Telkomsel reign fierce race in RI’s telco network services: Opensignal

In the midst of uneven distribution of 5G networks in Indonesia, XL Axiata and Telkomsel have emerged as cellular operators with the toughest competition in providing the most reliable internet speed in the country, a new study from Opensignal shows. 

2 years ago
Tech

US to add over 30 Chinese companies to trade blacklist

The Biden administration plans to place Chinese chip maker Yangtze Memory Technologies (YMTC) and 35 other Chinese firms on a trade blacklist that would prevent them from buying certain American components, Bloomberg News reported on Tuesday.

2 years ago
Economy premium

ASEAN-EU businesses join forces on sustainability, digital economy at Brussels summit

Southeast Asian and European Union business and government lenders have agreed to strengthen cooperation on sustainability, supply-chain energy security as well as digital economies during the 10th ASEAN-EU Business Summit in Brussels on Dec. 13. 

2 years ago
Markets

Global stocks welcome US inflation relief, but wary of Fed

Asian stocks rose on Wednesday, bonds were firm and the dollar nursed losses after data showed US consumer prices barely rose in November, stoking hopes that inflation has peaked and interest rate increases will slow and eventually stop in 2023.

2 years ago
Tech premium

Streaming service boom brings ‘new life’ to traditional TV: broadcasters

Traditional TV broadcaster still has a slight competitive edge over booming streaming platforms despite the latter’s seemingly unstoppable upheaval, Indonesian private television station players predict, based on a new study from Nielsen.

2 years ago
Economy premium

The future of PayLater after the COVID-19 pandemic in Indonesia

In the last two to three years online shopping has had a significant increase in transactions. The SEA e-Conomy report estimates the highest growth of e-commerce transactions is in Indonesia, which is projected at 22 percent and would reach US$59 billion this year.

2 years ago
Companies

Lomba Foto Astra, Anugerah Pewarta Astra return for 2022 edition

Lomba Foto Astra (LFA) and the Anugerah Pewarta Astra (APA) return once again for 2022 with the theme Bangkit Bersama Untuk Indonesia (Rising Together for Indonesia).

2 years ago
Markets

Western countries forge green alliance for getting electric vehicle minerals

Announced at the COP15 talks on biodiversity in Montreal, the Sustainable Critical Minerals Alliance would support these standards for elements like lithium, cobalt and nickel.

2 years ago
Regulations

EU strikes deal on world-first carbon border tariff

After all-night negotiations, the European Union struck a political deal on Tuesday to impose a carbon dioxide emissions tariff on imports of polluting goods such as steel and cement, a world-first scheme aiming to support European industries as they decarbonize.

2 years ago
Markets

Cryptoverse: Jump or slump? $30k or $5k? Play the bitcoin roulette

Plucky bitcoin's been holding steady since seeing off the chaos of the FTX collapse, gathering its strength to rally towards the dizzy heights of US$30,000 in 2023.

2 years ago
Markets

Asian markets extend US rally ahead of inflation, Fed decision

Asian markets mostly rose Tuesday, with nervous investors sitting tight ahead of key US inflation data and a Federal Reserve policy decision but fresh pledges by China to open up from zero-COVID offering support.

2 years ago
Tech

China launches WTO dispute over US chip sanctions

China has filed a dispute with the World Trade Organization over US restrictions on chip exports, Beijing's commerce ministry said in a statement late Monday, accusing Washington of threatening global supply chains.

2 years ago
Regulations

Indonesia appeals WTO ruling in nickel dispute against EU

The WTO panel ruled in favour of the EU last month, saying that neither the prohibition of nickel exports nor a domestic processing requirement requiring all nickel ore to be refined in Indonesia were in line with global trade rules, prompting President Joko "Jokowi' Widodo to say that his country would appeal the ruling. 

2 years ago
Economy

China’s eased COVID-19 policy means opportunities for Indonesia

Across the board from government to analysts, Indonesia is upbeat about potential trade benefits from Chinese industries next year as they resume operations and recover from Beijing's restrictive zero-COVID policy.

2 years ago
Tech premium

Tokopedia named ‘most trusted’ platform as online promo war comes to end: study

Tokopedia claims top position as the safest, most trusted and most satisfying platform, as Indonesians no longer see promotions and prices as the main factors determining their satisfaction in e-commerce transactions, a new study from Kadence International shows. 

2 years ago
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
Regulations

Russia can attend APEC meetings, says host US

Russia will be invited to attend meetings of the Asia-Pacific Economic Cooperation (APEC) bloc hosted by the United States next year, a US official said on Monday.

2 years ago
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Today's ePost

Thu, July 13, 2023

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