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Jakarta Post
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
Regulations

Yoon ready to offer 'tailored' benefits to attract Tesla gigafactory

Yoon held a video call with Tesla Chief Executive Elon Musk last week and Yoon's office cited Musk as saying South Korea is among the top candidate locations for a new Tesla factory.  ...

2 years ago

The Latest

Regulations premium

Indonesia's SNNK still needs fixing, says food importers

Industry leaders in the food commodities sector have raised prevailing issues with the SNNK, including product categories in the HS Code and the requirement to submit a whole-year import plan.

2 years ago
Companies

Kampung Berseri Astra Suntenjaya utilizes eco-friendly, climate-positive farming practices

As part of its commitment to support environmental preservation and protection in Indonesia, Astra held its annual 2022 Workshop Lingkungan (Environmental Workshop) by visiting the Kampung Berseri Astra (KBA) Suntenjaya.

2 years ago
Markets

Dollar holds firm as China's COVID-related worries weigh

The dollar held its overnight gains on Tuesday as concerns about unrest in China over COVID-19 restrictions dampened market sentiment, and as hawkish remarks from Federal Reserve officials gave the greenback an additional leg up.

2 years ago
Regulations premium

OJK extends loan-restructuring phase for just three sectors

The Financial Services Authority (OJK) has extended the loan-restructuring program for certain businesses that it believes still require more time to recover from the COVID-19 pandemic and to withstand a global slowdown next year. 

2 years ago
Tech premium

Indonesians favor e-wallet over cash as GoPay continues its dominance: survey

Latest study found that the majority of Indonesians use electronic wallet (e-wallet) more often than cash and it also showed that GoPay is currently leading the sector, followed by OVO, Dana and ShopeePay.

2 years ago
Markets

Equities and crude drop as China hit by protests

Stocks and oil prices sank Monday on concerns about protests across China calling for political freedoms and an end to the government's hardline zero-COVID policy, fueling uncertainty in the world's number-two economy.

2 years ago
Companies premium

WhatsApp appoints ex-GoPlay boss as its first head in Indonesia

WhatsApp has introduced Calvin Kizana as its first head in Indonesia. The appointment reflects the growing importance the messaging firm attributes to the country's market.

2 years ago
Markets

Stocks, oil skid as China's COVID protests roil sentiment

Stocks and oil slid sharply on Monday as rare protests in major Chinese cities against the country's strict zero-COVID curbs raised worries about management of the virus in the world's second-largest economy.

2 years ago
Regulations premium

New rules aim to keep future rail projects from going off track

Informed by the hefty cost overruns of the Jakarta-Bandung railway project, the proposed regulation appears aimed at avoiding a repeat of mistakes in future high-speed rail development.

2 years ago
Companies

Shares of Nike and Adidas could score at the World Cup

With FIFA projecting at least 5 billion TV viewers, the world's highest profile soccer event is a major opportunity for sports apparel makers marketing their jerseys, boots and other products with teams and individual players.

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
Markets premium

Investing is gambling in disguise for many Indonesians

The ever-rising number of online investing platforms has some Indonesians wonder whether they are in fact investing, or rather gambling, given the blurred line between the two. The Jakarta Post has asked young Jakarta investors about their self-awareness. 

2 years ago
Markets

Shares set for weekly gain, Treasury yields fall as investor optimism continues

European stocks were on track for a sixth successive week of gains on Friday and government bond yields globally traded near multi-week lows as investors reacted to positive data and signs central banks may not hike rates as aggressively as feared.

2 years ago
Companies premium

Huawei Clouds launches Indonesia region with low-latency access

Huawei Cloud has announced the launching of its Indonesia region as an endeavor to capitalize on the country’s digital transformation, which requires increased cloud-computing infrastructure.

2 years ago
Tech premium

B2B tech start-up VENTENY announces December IPO

The Indonesian branch of financial technology firm VENTENY has announced plans for an initial public offering (IPO) next month in a move its founder says is central to the company’s growth strategy.

2 years ago
Companies

Nestle pours $1.8 billion into business in Saudi Arabia

The announcement is likely to be a major boost to Riyadh as the kingdom pushes to attract greater foreign investment.

2 years ago
Markets

Asian markets mixed as easing Fed fears tempered by China COVID

Asian markets were mixed Friday at the end of a week that has seen hopes the Federal Reserve will tone down its monetary tightening campaign offset by fresh lockdown fears as COVID-19 cases surge in China.

2 years ago
Regulations premium

PPSK bill: Govt seeks to curb House clout on BI, other watchdogs

In the deliberation of the financial sector bill, the government has proposed changes that would ban political party figures from sitting on boards of the central bank and other watchdogs after the draft initiated by lawmakers had raised concerns about the bodies’ independence.

2 years ago
Markets premium

Govt offers oil and gas blocks in E. Kalimantan, Java, NTT

The energy ministry has offered PSC cost recovery schemes for four offshore and onshore blocks in its second bid round this year.

2 years ago
Companies premium

Govt to inject funds into Jakarta-Bandung railway next month

The state-owned railway company will get Rp 3.2 trillion (US$204.1 million) in a state capital injection next month to address the cost overrun issue in the Jakarta-Bandung high-speed railway project, but the Indonesian and Chinese sides involved in the project have yet to reach agreement on the funding gap.

2 years ago
Tech

Yoon asks Elon Musk to build 'gigafactory' in South Korea

Initially, Yoon was scheduled to meet with Musk face-to-face at the B-20 summit in Bali. However, the meeting was canceled as Musk was unable to make the trip to Bali. Instead, they decided to meet virtually at 10 a.m. (local time).

2 years ago
Regulations

EU split on Russian oil price cap level, talks to resume Thursday

Earlier on Thursday representatives of the EU's 27 governments met in Brussels to discuss a G7 proposal to set the price cap in the range of $65-$70 per barrel, but the level proved too low for some and too high for others.

2 years ago
Regulations premium

New minimum wage policy earns praise from labor

The government issues new rules for determining minimum wages as labor and business fail to find common ground.

2 years ago
Companies

Credit Suisse expects pre-tax loss of 1.5 billion euros

Credit Suisse -- which has launched a radical overhaul -- said Wednesday it expected a pre-tax loss of up to 1.5 billion Swiss francs (1.5 billion euros, US$1.6 billion) in the fourth quarter.

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
Markets

Asian markets rise on rate hopes but China COVID casts shadow

Asian markets rose Wednesday but traders flitted between hopes for a halt in sharp US interest rate hikes and concern that a surge in China's Covid cases will see officials impose more painful lockdowns.

2 years ago
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Today's ePost

Thu, July 13, 2023

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