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Jakarta Post
Companies

The unsung heroes of Indonesia’s economy

Indonesia’s National Heroes Day falls annually on November 10 as a day to commemorate the sacrifices made by those who came before us and who contributed to the country’s success today.

2 years ago
Markets premium

RI mutual funds reeling as rate hikes, regulatory changes bite

Indonesian mutual funds are down some 10 percent this year, as global rate hikes and new domestic regulations push money elsewhere. ...

2 years ago
Tech

Dramatic FTX saga rocks crypto landscape

The saga, centred on FTX's lack of liquidity, is reverberating across the global cryptocurrency landscape, as market players also mull the response of financial regulators. ...

2 years ago

The Latest

Economy premium

Jokowi eyes Java-wide public transport renewal

President Joko “Jokowi” Widodo envisions public transportation renewal across Java in a bid to attract consumers away from private car purchases.

2 years ago
Markets

Asia stocks surge as cooling inflation feeds hopes Fed will ease up

Asian shares spiked higher on Friday, while the dollar nursed steep losses after a smaller-than-expected increase in US consumer prices fueled hopes that the Federal Reserve could tone down its aggressive pace of interest rate hikes. 

2 years ago
Regulations

US blocks solar shipments from China over 'slave labor' concerns

More than 1,000 shipments of solar energy components worth hundreds of millions of dollars have piled up at US ports since June under a new law banning imports from China's Xinjiang region over concerns about slave labor, according to federal customs officials and industry sources.

2 years ago
Economy premium

RI palm oil producers unworried as China, India go sustainable

Indonesian palm oil producers are optimistic they can overcome the challenges presented by China and India’s transition toward sustainability, as experts stress the importance of having the country’s local sustainability standards recognized globally.

2 years ago
Economy premium

Local industries cut staff, spending as global slowdown begins to hurt

Tens of thousands of jobs lost in West Java alone are a stark reminder that Indonesia is far from immune to global economic turmoil as exporters report plummeting orders from the United States and Europe. 

2 years ago
Companies premium

Pos Indonesia turns post offices into small business hubs

Indonesian state-owned post office has remodeled its 111-year-old colonial office building into a rent-free micro, small and medium enterprise (MSME) hub located in Sawah Besar, Jakarta.

2 years ago
Markets

Crypto markets teeter with FTX after Binance abandons bailout

Cryptocurrency markets nursed heavy losses on Thursday, with bitcoin pinned near a two-year low as investors fretted about the fallout from the implosion of crypto exchange FTX.

2 years ago
Markets

Asian stocks down after inconclusive US midterms

Asian stocks started down on Thursday after inconclusive US midterm election results and a turbulent cryptocurrency market left Wall Street and European markets in a sea of red.

2 years ago
Economy premium

Employers, workers still locked horns over 2023 minimum wage

Nearing the end of the year, employers and workers have yet to reach an agreement on the 2023 minimum wage hike as both sides differ on the factors used to reach the final figure.

2 years ago
Tech premium

Digital equality in Indonesia jeopardized by alleged BTS corruption

An alleged corruption in 4G base transceiver station (BTS) provision for the frontier, outermost and remote regions (3T) will cause great damage to the Indonesian people, experts say, as the case will most likely halt the government’s priority program to fast-track high-speed network deployment throughout the archipelago.    

2 years ago
Companies

Meta to cut more than 11,000 jobs in one of biggest US layoffs this year

The broad job cuts, the first in Meta's 18-year history, follow thousands of layoffs at other major tech companies including Elon Musk-owned Twitter and Microsoft Corp.

2 years ago
Tech premium

Indonesia's digital economy keeps its verve, study shows

A report published by Google, Temasek and Bain & Company forecasts that Indonesia’s digital economy GMV will reach $77 billion this year and grow at 19 percent annually over the coming years.

2 years ago
Regulations

Taiwan aims for British trade deal as minister meets president

Taiwan hopes to sign a trade deal with Britain and deepen cooperation with new Prime Minister Rishi Sunak's government, President Tsai Ing-wen told a British minister visiting Taipei on Wednesday in defiance of Chinese demands such trips stop.

2 years ago
Companies

IOH brings World Cup experience to Indonesia with Vidio collaboration

This year, Indonesia Ooredoo Hutchison (IOH) is collaborating with streaming platform Vidio to officially broadcast the 2022 FIFA World Cup Qatar.

2 years ago
Markets

Asian markets turn tepid after China factory data

Asian stocks made a positive start Wednesday following gains on Wall Street but lost momentum as factory gate prices in China fell for the first time in nearly two years.

2 years ago
Economy premium

Expected increase in loan growth points to ongoing recovery

Indonesia’s banking industry is poised to book stronger loan growth next year despite a weaker global economic projection and increased risk of recession, reflecting resilience in the domestic economy.

2 years ago
Regulations premium

Going heavy on metals: Jokowi vows to keep minerals at home

Jokowi said that if Indonesia lost the EU case at the World Trade Organization, the government would keep appealing even if it took the next five to 10 years.

2 years ago
Companies

Officially going public, Blibli marks second biggest IPO on IDX this year

Blibli was officially listed on the Indonesia Stock Exchange (IDX) on Tuesday and it performed relatively well on the primary share offering for domestic investors and qualified institutional international buyers.

2 years ago
Economy premium

Taming Indonesia's inflation to pave way for stronger growth recovery

The release of Indonesia's economic data this week raises hopes for continuing recovery and a strong performance in the last quarter of 2022. Despite Q3 growth moving at a slower pace than Q2, we need to note that growth of 5.72 percent was achieved even after the government increased fuel prices in early September.

2 years ago
Companies premium

Conrad Asia Energy wins two oil and gas blocks in Aceh, pledges $30m investment

The Energy and Mineral Resources Ministry has announced energy company Conrad Asia Energy Ltd. as the winning bidder for the Meulaboh and Singkil working areas off the coast of Aceh.

2 years ago
Companies premium

Ride-hailing firms oppose idea to class them as transportation companies

The fate of Indonesia’s ojol (online ride-hailing) firms is on the line, as lawmakers seek to classify these companies as commercial transportation entities rather than their current status simply as IT firms, which many expect will have significant consequences on the future of their business model.

2 years ago
Economy premium

Limited supply to prop up 2023 CPO prices, but global uncertainty clouds outlook

Crude palm oil (CPO) prices are unlikely to fall back to recent lows next year as production levels off, according to experts, but a number of global uncertainties complicate the outlook.

2 years ago
Markets

Asian markets mixed ahead of US midterms

Stocks in Shanghai was down 0.6 percent, while Jakarta fell 0.3 percent, Bangkok retreated 0.2 percent and Wellington dropped 0.7 percent.

2 years ago
Markets

China's super-rich see fortunes plunge as economy slows

China's super-rich saw their wealth tumble by the most in over two decades this year, as the Russia-Ukraine war, Beijing's zero-COVID measures and falling mainland and Hong Kong stock markets pummeled fortunes, an annual rich list said on Tuesday.

2 years ago
Economy premium

Indonesia’s GDP growth accelerates to 5.72 percent

Amid concerns over global economic activity and reduced cross-border trade, Indonesia has posted another solid GDP reading, setting the country apart from many others ahead of the Group of Twenty (G20) Summit to be hosted in Bali this month.

2 years ago
Companies premium

Executive Column: Cathay Pacific eyes ASEAN cargo potential

Airlines in Southeast Asia have enjoyed a strong recovery since the start of the year and are rushing to offer more flights to meet a rebound in demand for passenger services -- and take advantage of an unexpected boost from cargo.

2 years ago
Tech premium

UK-RI defense partnership deeper than just export deals: UK official

The global defense business has moved beyond procurements and delivery of goods to embrace long-term partnerships, particularly in technology development and transfers.

2 years ago
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Today's ePost

Thu, July 13, 2023

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