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Jakarta Post
Markets

Hong Kong stocks at 11-year low as China sticks to zero-COVID plan

Hong Kong's stock benchmark on Tuesday fell below 17,000 points for the first time in 11 years, after China vowed to stick to its zero-COVID policy, adding to slowdown concerns amid heightened US tech crackdowns and aggressive overseas rate hikes.

3 years ago
Regulations

World Bank to launch new trust fund for emission-reduction grants

The World Bank said on Monday it is launching a trust fund aimed at pooling public funds to provide grants for projects to reduce carbon emissions, including decommissioning coal-fired power plants. ...

3 years ago
Economy premium

Indonesia consumer confidence plunges to five-month low

The recent fuel hike is causing a downward spiral in consumer perception across the country, as shown by the central bank’s headline index. ...

3 years ago

The Latest

Regulations premium

New commodity balance scheme may ward off Indonesia's steel import boom

The Indonesian steel industry is expected to reinvigorate domestic production in 2023, after the government introduced a commodity balance scheme in a bid to manage imports and local outputs flow to support a surging demand for the metal goods. 

3 years ago
Companies

China tech shares sink as US export curbs raise chip sector hurdles

Shares in Chinese tech giants Alibaba Group and Tencent as well as in chipmakers slumped on Monday, as investors were spooked by new US export control measures aimed at slowing Beijing's technological and military advances.

3 years ago
Tech

DBS Indonesia grants aquaculture start-up eFishery Rp 500 billion loan

Bank DBS Indonesia issued a short-term loan worth Rp 500 billion to aquaculture start-up eFishery, as announced in a signing ceremony held on Friday.

3 years ago
Economy

Japan reopens to tourists with shuttered souvenir shops, hotel staff shortage

From Tuesday, Japan will reinstate visa-free travel to dozens of countries, ending some of world's strictest border controls to slow the spread of COVID-19. Prime Minister Fumio Kishida is counting on tourism to help invigorate the economy and reap some benefits from the yen's slide to a 24-year low.

3 years ago
Markets

Stocks skid in Asia on edge for CPI

Stocks skidded lower in Asia on Monday after a surprise drop in US unemployment quashed any thought of a pivot on policy tightening ahead of a reading on inflation which is expected to see core prices move higher again.

3 years ago
Companies

A customer-centric omnichannel: why it matters more today than ever

With the new retail technology getting increasingly accessible to the expanding population segments, it is getting harder to predict what exactly provokes customers to make a purchase decision.

3 years ago
Companies

Vietnam's VinFast targets US market in hard gamble

The pivot is a bold move by chairman Pham Nhat Vuong -- Vietnam's richest man -- who started out selling dried noodles in the former Soviet Union before amassing his $5 billion fortune in a range of sectors including real estate, tourism and education.

3 years ago
Economy premium

Indonesian factories to feel trade slowdown in 2023

‘The picture for 2023 has darkened considerably’ says the World Trade Organization, slashing its global growth forecast and not ruling out a sharp worldwide contraction.

3 years ago
Companies

KADIN wants greater collaboration for medical devices business with Japan

As part of the effort, KADIN last week dispatched a 15-member delegation, comprising representatives from nine of Indonesia's pharmaceutical and medical-device manufacturers to meet their Japanese counterparts.

3 years ago
Economy

Should I still invest? Jakartans ponder response to inflation

As economic predictions for 2023 range from global recession to strong recovery, Jakartans are wondering whether this is a time to cut back further or enjoy the day.

3 years ago
Companies

Chip industry grapples with new US curbs on China sales

Companies around the world on Friday began to wrestle with the impact of wide-ranging US curbs on selling chips and chip manufacturing equipment to China.

3 years ago
Regulations premium

OJK now keeps tabs on literacy, inclusion in fintech sphere

The Financial Services Authority (OJK) has expanded its regular monitoring of financial inclusion and literacy to the fintech industry to gauge the accessibility of services, as well as people’s understanding of those services.

3 years ago
Economy premium

Some win, some lose: Industries expect further rupiah drop

The decline in the rupiah’s exchange value has had a mixed impact on Indonesian businesses, with many expecting more pressure as input costs rise, while some stand to gain more revenue from customers paying in United States dollars.

3 years ago
Economy premium

OPEC+ supply cut poses ‘concern’ for net oil-importing Indonesia

OPEC+’s move to slash production by about two million barrels per day – which will further tighten global crude supply – will not affect Indonesia much now, experts say, but the decision serves as yet another reason for the nation to quickly address its oil net-import problem.

3 years ago
Markets

Asian stocks retreat on global recession angst

Asian stocks declined on Friday, extending a global equity slide to a third day, as investors fretted over recession risks amid signs of further aggressive central bank policy tightening.

3 years ago
Tech

SEMI International Talents Expo to highlight Taiwan’s renowned semiconductor industry

The increasingly popular adoption of artificial intelligence (AI), big data and Internet of Things (IoT) globally in recent times has affected the demand for chip computing and talented semiconductor workers.

3 years ago
Tech premium

Digital TV transition not ready for prime time

The Communications and Information Ministry has once again postponed the analog switch-off (ASO) program for Jakarta, leading experts to question whether digital television broadcast in Indonesia will be feasible in time.

3 years ago
Economy premium

Indonesia’s thriving payments sector to drive an interconnected ASEAN consumer class

Indonesia is among the Southeast Asian markets that witnessed strong shifts toward non-cash payments, with an overall 30 percent growth in transaction volume from 2016 to 2021. This is expected to increase by more than five times by 2031.

3 years ago
Companies

Cathay Pacific union warns of higher fares caused by fewer staff

Cathay Pacific Airways faces unprecedented staffing and training shortages that will keep airfares high and impede Hong Kong's return to its role of global aviation hub, a pilots' union said on Thursday.

3 years ago
Regulations premium

Food estate program dubbed ‘total failure’ as technical problems persist

President Joko “Jokowi” Widodo has urged his ministers to scale up the country’s food estate megaproject to boost agricultural productivity, even as technical problems continue to plague the program in its third year.

3 years ago
Economy

Indonesia's housing sector constrained by rising interest rates, sluggish buying power

Rising benchmark interest significantly impacts the landed house sector, considering 90 percent of its buyers were end-users -- or home-buyers -- who used property loans or housing loans (KPR).

3 years ago
Markets

Asian shares rise, oil extends gains after OPEC+ deal

Asian shares were cautiously higher on Thursday, while the dollar eased ahead of US non-farm payrolls data, and oil prices gained for a fourth day after deep production cuts pledged by OPEC+ members.

3 years ago
Tech premium

Next level: Indonesia's game developers push into global market with govt help

Indonesian developers seek to follow up on deals struck after the Gamescom trade fair as they push for a greater share of the global gaming market, and the government is lending a helping hand.

3 years ago
Companies

Credit Suisse’s turnaround just got a lot tougher as market reels

Some of the bank's wealth management clients have recently become concerned aboutCredit Suisse's turnaround, two people familiar with the discussions told Reuters, and some have been moving funds, according to one of the people. The division is expected to be the centerpiece of the bank's turnaround plan.

3 years ago
Markets

Hong Kong stocks rocket on rate hopes

Hong Kong stocks soared Wednesday as investors returned from a public holiday to play catch-up, with a global rally fueled by easing concerns about central bank interest rate hikes.

3 years ago
Regulations premium

Govt extends CPO export levy waiver to secure market share amid price slump

The government will continue to waive export levies on palm oil products, allowing the world’s largest supplier to keep boosting shipments abroad for the rest of this year.

3 years ago
Companies

Musk offers to close Twitter buyout deal at original price

Elon Musk on Tuesday offered to push through with his buyout of Twitter at the original agreed price, as a trial over his efforts to withdraw from the deal loomed.

3 years ago
Page: 27

Today's ePost

Thu, July 13, 2023

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