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View all search resultsApple Inc supplier, Foxconn, gave a cautious outlook for the current quarter after posting results that exceeded expectations, citing slowing smartphone demand after a pandemic-fuelled boom.
3 years agoDespite the government's hopes to gain "economic benefits" from Tesla's multi-billion nickel investment in Sulawesi, a constitutional economist has pointed out that the 'unconstitutional' deal involves two Chinese firms reselling Indonesia’s natural resources. ...
3 years agoPT Comexindo International, a joint venture (JV) between Indonesia’s Arsari Group and United States-Swiss company Harvest Commodities, has become the first company to transport grain out of Russia since the Ukraine war began. ...
3 years ago"Verein der Kohlenimporteure (VDKi) expects significant volumes increases in the monthly import figures from September onwards," Alexander Bethe, the chairman of the German coal importers' group, said in reply to an enquiry by Reuters.
3 years agoThe enactment of the law, which includes $39 billion in manufacturing incentives, also comes as the United States is accelerating cooperation with Japan, a key security ally, to build resilient semiconductor supply chains that rely less on potential adversaries.
3 years agoAsian shares fell and the dollar steadied on Wednesday as investors waited for a key US report on inflation to provide hints to the Federal Reserve's plans for future monetary tightening.
3 years agoThe Financial Services Authority (OJK) will decide what interest rates peer-to-peer lenders may impose on borrowers in a move that some claim could kill a vital segment of the fintech industry.
3 years agoFavorable geographic and economic features, if utilized properly, can give Indonesia a competitive edge in the region as the country vies for investment at a time of global uncertainty, says the International Finance Corporation.
3 years agoThe unqualified imported steel products were imported from China and sold at a lower selling price, triggering unfair competition with the potential to damage the domestic steel industry producing similar products.
3 years agoLand Transportation Directorate General of Transportation Ministry announced a new ceiling and floor price for two-wheeled online-ride-hailing services on Monday, urging related companies to adjust to the new fares immediately, within the 10-day time span the ministry provided.
3 years agoFood security has become a strategic agenda for many countries, including Indonesia. The Food and Agriculture Organization (FAO) defines food security as the availability, at all times, of adequate food supplies of basic foodstuffs to sustain a steady expansion of food consumption and to offset fluctuations in production and prices.
3 years agoGaruda previously used various types of aircraft to cover domestic routes in the eastern part of Indonesia. However, the Transportation Ministry stated other airlines are also welcomed to maintain connectivity in the region.
3 years ago"User reports indicate Google Maps is having problems since 9:36 PM EDT (0136 GMT)," Downdetector tweeted.
3 years agoUnited States was doing everything possible to engage in the region and promote the rules based international order to ensure everybody can prosper in peace and security.
3 years agoThe crypto lender also said it would withdraw its application for a licence from the Monetary Authority of Singapore (MAS) to provide digital token payment services, for which it received in principle approval in March.
3 years agoLive commerce has transformed into a lucrative industry in the Indonesian and overall Southeast Asian digital ecosystem, especially after seeing how China managed to scale up the system into one of its strongest sales campaigns.
3 years agoThe government is considering having Pertamina buy Shell’s 35 percent stake in the Abadi liquefied natural gas (LNG) project in the Masela Block, but experts say financial constraints in dealing with multiple giant projects may make that a difficult prospect for the state-owned company.
3 years agoIn its filing, the Department of Motor Vehicles said Tesla advertised its Autopilot and Self-Driving technologies as more capable than they actually are, according to the Los Angeles Times.
3 years agoChina's export growth unexpectedly picked up speed in July, offering an encouraging boost to the economy as its struggles to recover from a COVID-19-induced slump.
3 years agoThe government has made an upward adjustment to the fuel surcharge cap as the domestic aviation industry reels from a surge in global fuel prices and purchasing power remains low.
3 years agoThe telecoms firm that has turned into an investment behemoth posted a net loss of 3.16 trillion yen, nose-diving from a net profit of 761.5 billion yen in the same April-June period the previous year.
3 years agoAsian share markets were mostly softer on Monday and the dollar held firm after a stunning US payrolls report pushed back against talk of recession but also bolstered the case for more super-sized rate hikes.
3 years agoThe Indonesia Stock Exchange (IDX) Composite index is expected to continue its upward trajectory after a recent recovery from bearish weeks, unless escalating geopolitical tension or domestic-interest-rate hikes get in the way.
3 years agoElizabeth Rosenberg, a Treasury Department assistant secretary for terrorist financing and financial crimes, will visit Jakarta on Monday and Tuesday, and will visit Singapore, a major oil hub, from Wednesday through Thursday.
3 years agoWhile recession fears linger, companies in Indonesia and throughout the Asia-Pacific region have been boosting marketing budgets this year, indicating a solid recovery from 2021’s record economic lows.
3 years agoIndonesia’s accelerated growth in the second quarter is a bright spot in an otherwise bleak global performance, and while analysts project further strong growth in the second half, the finance minister has cautioned about keeping tabs on external inflationary pressures.
3 years agoCoal miner Adaro seems to be on course to achieve full-year output of up to 60 million tons as it had initially targeted, thanks to record heat waves and surging demand following eased pandemic restrictions.
3 years agoDisruption caused by the government’s recent blocking of PayPal highlights the significance of international payment gateways for Indonesian businesses and consumers amid limited options for cross-border transfers.
3 years agoIndonesia's economy expanded 5.44 percent on-year in April-June, slightly up from 5.01 percent in the previous three months, the Central Statistics Agency (BPS) said.
3 years agoRepresentatives from the food and beverage sector met with Trade Minister Zulkifli Hasan on Wednesday to discuss state support needed by the industry to boost exports of processed foods, as demand from traditional markets — especially China and the United States — waned.
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