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Jakarta Post
Economy premium

Indonesia’s manufacturing PMI rises to 51.7 in August

The manufacturing industry improved at the fastest pace in four months on the back of rising demand.

3 years ago
Economy

Yen hits fresh 24-year low against US dollar

The Japanese currency weakened to its lowest level against the dollar since September 1998 after hitting 139.38 on July 14. ...

3 years ago
Economy

IMF in preliminary agreement with Sri Lanka for $2.9 billion loan

"The objectives of Sri Lanka's new Fund-supported programme are to restore macroeconomic stability and debt sustainability," the statement said, outlining the 48-month long arrangement under the IMF's Extended Fund Facility. ...

3 years ago

The Latest

Tech

Meta to set up new group for more paid features on Instagram, Facebook

"Any new product will be complementary to our existing ads business," the spokesperson told Reuters in an emailed statement.

3 years ago
Markets

Asia stocks skid as dollar spikes into September

Asian stocks slid and the dollar spiked on Thursday as investors greeted September by selling everything that was not nailed down after a month battered by concerns about aggressive rate hikes from global policymakers.

3 years ago
Regulations premium

Fears of imminent Pertalite shortage lead to call for purchase restrictions

Purchase restrictions may be required to prevent an imminent shortage of Pertalite gasoline and Solar diesel amid surging consumption of the two subsidized fuel brands and their consequent dwindling supply.

3 years ago
Economy

Russia gas halt tightens energy screws on Europe

European governments fear Moscow could extend the outage in retaliation for Western sanctions imposed after it invaded Ukraine and have accused Russia of using energy supplies as a "weapon of war". Moscow denies doing this and has cited technical reasons for supply cuts.

3 years ago
Economy premium

National oil companies need new M&A strategies to meet growing energy demand

Southeast Asia will see growing oil and gas demand in the coming years as it sustains impressive economic growth.

3 years ago
Companies

US to vet Chinese e-commerce giants' audits

US regulators have selected e-commerce majors Alibaba Group Holding Ltd  and JD.com Inc among other US-listed Chinese companies for audit inspection starting next month.

3 years ago
Economy premium

SAI20 Summit adopts communiqué, urges more transparency

SAI20 chairwoman Isma Yatun said the document would be delivered to the Group of 20 Summit in November to be “reflected” in the G20 leaders’ declaration.

3 years ago
Companies

GoTo claims revenue hike, sustainable growth in Q2

In its second-quarter financial report, GoTo reported that it had recorded a good performance in both its gross transaction value (GTV) and gross income, with 39 and 45 percent year-on-year (yoy) increases, respectively.

3 years ago
Markets

Asia continues global stock slump as Fed tightening fears flare

Asian markets extended the global stocks selloff on Wednesday, as investor worries about aggressive monetary tightening were inflamed further by strong US jobs data.

3 years ago
Regulations premium

RCEP to benefit Indonesia's food, transportation industries

Indonesia's membership in the Regional Comprehensive Economic Partnership (RCEP) will invigorate a wide range of sectors in the country, including food and transportation, a minister has said.

3 years ago
Economy premium

Pushing toward a cashless society to boost Indonesia's GDP

Several studies have highlighted the importance of a cashless society. Boston Consulting Group research in 2019 showed that cash is no longer king. In fact, in the macro context, economies that are more cash intensive tend to grow slowly and miss out on significant financial benefits.

3 years ago
Economy premium

Indonesia may want to aim for larger budget deficit: Moody’s Analytics

In the face of global economic challenges, the government might want to fret less about fiscal consolidation and more about a sustained recovery, Moody’s Analytics suggests.

3 years ago
Tech

Indonesia to host first outdoor World Esports Championship in Bali

The event is conclusive proof of Indonesian e-sports development, as it provides opportunities for the younger generation to self-actualize and make careers out of gaming.

3 years ago
Regulations

House approves membership of RCEP regional trade deal

Indonesia’s House of Representatives on Tuesday passed a law cementing the country's membership in the Regional Comprehensive Economic Partnership (RCEP), making it the latest Southeast Asian nation to join the world's biggest trade bloc.

3 years ago
Markets

Bleeding bitcoin's holding out for a hero in cryptoverse

Some market watchers point to the decision of BlackRock to launch a private bitcoin investment product specifically for institutional investors as a strong sign that demand remains strong and could drag crypto out of the doldrums. 

3 years ago
Markets

China stocks succumb to COVID outbreaks; coal shares lead the decline

China stocks dropped on Tuesday, as more cities tightened COVID-19 restrictions in response to rising cases, fuelling fears of a further economic slowdown.

3 years ago
Economy premium

As fuel price hike imminent, Indonesia expands social aid program

Speaking at a public lecture in the S. Rajaratnam School of International Studies, Airlangga said that as the COVID-19 situation is improving and the economic activities starting to pick up pace, the government expects that it can pay more in subsidies as domestic fuel consumption soars.

3 years ago
Economy

Russia says economy to contract by less than 3 percent in 2022

Russia's economy took a hit from sweeping Western sanctions that followed Moscow's move to send tens of thousands of troops into Ukraine on Feb. 24. But the economic aftermath has proved not to be as painful as initially feared. 

3 years ago
Economy

German economy minister says 'bitter reality' is Russia will not resume gas supply

"It won't come back ... It is the bitter reality," Robert Habeck said in a panel with European Commission President Ursula von der Leyen.

3 years ago
Regulations premium

G7 members absent at first-ever SAI20 Summit

Indonesian Vice President Ma’ruf Amin expressed hope that the next Group of Twenty presidency would fare better in fostering global cooperation after seven countries played truant at this week’s Supreme Audit Institutions 20 (SAI20) Summit hosted by Indonesia in Bali.

3 years ago
Companies

Honda, LG to invest $4.4 bn in US battery plant

The move comes after California last week ruled that all new cars sold in America's most populous state must be zero-emission from 2035, with other US states expected to follow suit.

3 years ago
Regulations premium

RI boosts social aid to combat subsidized fuel inflationary pressure

The government is set to roll out three social aid schemes worth US$1.62 billion (Rp 24.17 trillion) in a bid to strengthen people's buying power amid the risk of inflationary pressure, as a result of an expected subsidized fuel price hike.

3 years ago
Regulations premium

Govt puts off motorcycle taxi rate hike in last-minute decision

The move comes after the ministry said it had considered “various recent developments in society.”

3 years ago
Executive Column premium

Executive Column: Lack of tech skills holding back growth IBM vows to help out

IBM Asia-Pacific general manager Paul Burton spoke to The Jakarta Post’s Deni Ghifari on Thursday about cloud technology, artificial intelligence, quantum computing and the need for his company -- and its clients -- to constantly evolve.

3 years ago
Economy

Dollar hits 20-year high as Fed flags rates higher for longer

The dollar index scaled to a fresh two-decade peak of 109.4 in early Asia trade, with greenback strength pushing other major currencies to new lows and putting pressure on its emerging markets counterparts.

3 years ago
Tech

PIX, the e-payment system revolutionizing Brazil

In under two years, PIX has become the most popular form of payment in Brazil, surpassing credit and debit cards -- the first time a government-run alternative to plastic has been successfully implemented in Latin America.

3 years ago
Markets

Stocks jilted as central banks promise tough love

Federal Reserve Chair Jerome Powell's promise of policy "pain" to contain inflation quashed hopes that the central bank would ride to the rescue of markets as so often in the past.

3 years ago
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Today's ePost

Thu, July 13, 2023

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