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Jakarta Post
Tech

Apple supplier Foxconn cautious on outlook amid sluggish smartphone sales

Apple 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 ago
Companies premium

Concerns rise over constitutionality of Tesla's $5b Chinese deal in Morowali

Despite 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 ago
Companies premium

Indonesia’s Comexindo first to ship grain from Russia since war

PT 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

The Latest

Economy

Indonesia, Colombia cited as potential coal suppliers for Germany

"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 ago
Tech

Biden signs $52.7 billion bill for chip production to counter China

The 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 ago
Markets

Asian shares track Wall Street losses ahead of US inflation data

Asian 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 ago
Regulations premium

OJK’s planned rate rules could ‘kill’ P2P lenders: Observer

The 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 ago
Economy premium

Indonesia has what it takes to compete for investment: IFC

Favorable 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 ago
Economy premium

Govt secures RI market from US$2.8 million worth of unqualified steel from China

The 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 ago
Regulations premium

‘Ojol’ drivers welcome newly adjusted fares for ride-hailing services

Land 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 ago
Economy premium

Maintaining food security through subsidized fertilizer

Food 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 ago
Companies premium

Garuda returns Bombardiers, leaves holes in eastern Indonesian flight routes

Garuda 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
Tech

Google outage reported by tens of thousands of users

"User reports indicate Google Maps is having problems since 9:36 PM EDT (0136 GMT)," Downdetector tweeted.

3 years ago
Economy

US sees lucrative future in Pacific, doubles down on investment in the region

United 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 ago
Tech

Singapore-based crypto lender Hodlnaut suspends withdrawals

The 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 ago
Tech premium

China leads live commerce boom, will ASEAN be next?

Live 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 ago
Companies premium

Pertamina should ‘think twice’ about buying Shell’s Masela Block stake

The 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 ago
Companies

California regulator accuses Tesla of false advertising

In 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 ago
Economy

China's export rebound clouded by flagging global growth

China'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 ago
Regulations premium

Govt calls for affordable air tickets as it raises fuel surcharge cap

The 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 ago
Tech

Japan's SoftBank reports Q1 net loss of $23.4 billion

The 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 ago
Markets

Asia shares subdued, dollar encouraged by US rate risk

Asian 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 ago
Markets premium

Analysts cautiously upbeat on IDX for rest of year

The 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 ago
Economy

US Treasury official heads to Indonesia to talk oil price cap on Russia

Elizabeth 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 ago
Companies premium

‘Booming’ creator economy gives new hope to recovering Asian firms

While 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 ago
Economy premium

Indonesia shines amid global gloom with forecast-beating GDP

Indonesia’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 ago
Companies premium

Adaro records coal output up 17% yoy in second quarter

Coal 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 ago
Tech premium

Too big to ban? PayPal's crucial role as a payment gateway in Indonesia

Disruption 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 ago
Economy

Indonesia Q2 growth boosted by exports, easing COVID-19 curbs

Indonesia'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 ago
Economy premium

F&B manufacturers want import duty waiver to boost exports

Representatives 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. 

3 years ago
Page: 38

Today's ePost

Thu, July 13, 2023

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