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Jakarta Post
Markets

Oil hits lowest on recession fears as unconcerned stocks climb on

Oil languished near its lowest since the start of the war in Ukraine on Friday on fears of a global recession, though stocks ignored such worries.

3 years ago
Regulations premium

Subsidies, falling commodity prices spell end for budget surplus

The once in a blue moon budget surplus Indonesia achieved in the first six months of 2022 will prove unsustainable for the full year, experts say. ...

3 years ago
Tech premium

Apple, Samsung, Huawei among global tech giants hit hard by fear of recession

Consumers worry about inflation and fear potential recession, causing them to halt their spending on new gadgets.   ...

3 years ago

The Latest

Economy premium

Taking digital health forward in Indonesia

Delivery of health care in Indonesia faces myriad challenges: shortage of trained manpower, infrastructure deficits and fiscal challenges to name a few.

3 years ago
Regulations premium

Govt fines 240 miners for failure to meet coal DMO

In the first half of the year, the government collected Rp 1.83 trillion (US$128 million) in fines from 240 mining companies that failed to comply with the country’s domestic market obligation (DMO) for coal. 

3 years ago
Economy premium

Manufacturing expansion tempered by decreased exports, higher prices

After a two-month slowdown, the country’s manufacturing sector performed strongly in July, despite being hit by supply-side inflation and waning export demand.

3 years ago
Economy premium

China's Taiwan war games threaten more global supply chain disruption

The drills -- China's largest-ever around Taiwan -- are a major show of strength after US House Speaker Nancy Pelosi infuriated Beijing by visiting the island.

3 years ago
Markets

Chinese shares rise as infrastructure hopes sway investor focus from Taiwan

China and Hong Kong stocks rose on Thursday, as investors' focus shifted from tensions around Taiwan to a raft of newly launched infrastructure projects that Beijing hopes can help stabilize its COVID-19-hit economy.

3 years ago
Markets

Asian stocks rise on upbeat data, Fed hawks lift dollar

Asian stocks rose on Thursday, taking cues from a strong rally on Wall Street after robust economic data and upbeat corporate guidance boosted investor appetite.

3 years ago
Regulations premium

House commission signs Rp 4.1t more for high-speed railway

The legislature looks set to approve an additional state capital injection for fiscal year 2023 to tackle the massive cost-overrun in the development of the Jakarta-Bandung railway link.

3 years ago
Markets premium

Indonesian firms look inward for financing as global volatility runs amok

Global economic uncertainty is forcing firms in Asia, including Indonesia, to fulfill their financing needs domestically as the capital market turns volatile and dampens corporate bond issuance.   

3 years ago
Regulations premium

Indonesian airlines exempted from fees at state-run airports

The country's airlines have been under pressure from increased fuel costs amid high global crude oil prices.

3 years ago
Companies premium

Indonesia's Comexindo ships first grain out of Ukraine since invasion

It was one of the first commercial shipments from the port since Russia’s invasion blocked shipping through the Black Sea five months ago.

3 years ago
Markets premium

FFB prices remain stubbornly low amid policy flip-flop

End to "flush-out" tariff policy does not mean instant increase in domestic CPO and FFB prices, says farmers association.

3 years ago
Tech

PayPal registers in Indonesia, access unblocked, company says

The Indonesian government had blocked PayPal's website on Saturday because of its failure to comply to licensing rules, but access to the website was temporarily opened starting Sunday to allow customers to transfer funds.

3 years ago
Companies

BMW profits drop as China lockdowns knock production

The carmaker's profits for the period between April and June fell to three billion euros ($3.1 billion) from 4.8 billion euros in the same period last year. 

3 years ago
Companies premium

Salim acquires major MTLA shares, follows Ciputra’s actions

Salim Group becomes one of the new biggest shareholders of PT Metropolitan Land Tbk. or Metland (MTLA), following similar step done by another household tycoon Ciputra Group at the end of last year. 

3 years ago
Economy

Possible for US, EU to avoid recession: Fed official

The United States and the European Union can avoid recession and achieve a soft landing by bringing inflation down to an acceptable level, a US central bank official said Tuesday.

3 years ago
Tech premium

Indonesian fintechs look to greener fields abroad for continued growth

As Southeast Asian fintechs expand across borders to tap into the region's enormous growth potential, an industry insider has cautioned that “the grass is almost never greener on the other side”.

3 years ago
Companies premium

Allo, Jago, Bank Neo Commerce wrap up H1 with strong growth

Three publicly listed digital banks post massive growth in loan disbursements and revenue as more Indonesians transact digitally.

3 years ago
Tech premium

Traveloka reels in major Thai investor amid ongoing IPO rumors

The latest buzz in Traveloka's IPO plans is that the homegrown travel and lifestyle start-up has reportedly secured a multimillion-dollar deal with Thailand's state-owned energy and retail giant.

3 years ago
Economy premium

Number of inbound tourists grows for third straight month

The number of foreign visitors in June was up 20-fold compared with the same month last year, according to Statistics Indonesia (BPS), after the government allowed tourists from more countries to enter Indonesia with a visa on arrival (VoA).

3 years ago
Companies

Toyota subsidiary Hino engaged in emission data fraud since 2003

The truck maker had previously admitted in March that it had submitted fraudulent emissions and fuel economy data to transport authorities since at least 2016, suspending the shipment of vehicles with engines for which the figures had been altered.

3 years ago
Economy premium

Post-pandemic economic recovery: The next chapter

As a developing economy, Indonesia is prone to spillover effects from exit policies in advanced economies. Several externalities and key factors could significantly affect the government’s efforts to ensure a sustainable economic revival.

3 years ago
Tech

Allo Bank investment boosts BUKA net profit in first half of 2022

Bukalapak announced on Monday that it had achieved a net profit of Rp 8.5 trillion in the first half of 2022, thanks to its investment in Allo Bank.

3 years ago
Companies

BP second-quarter profit triples to $9.3 billion

The company reported a net profit of $9.3 billion -- a threefold increase from the same three-month period last year -- following a $20.4-billion loss in the first quarter.

3 years ago
Regulations premium

BI unfazed by seven-year-high inflation in July

After the higher-than-expected inflation reading last month, the central bank has reaffirmed that it would only hike its key interest rate if there were significant signs of demand-induced inflation.

3 years ago
Tech

US charges 11 individuals in $300 million crypto pyramid scheme

Those charged included the four founders of the scheme named Forsage. They were last known to be living in Russia, the Republic of Georgia, and Indonesia, the SEC said in a statement.

3 years ago
Markets

Asian stocks slide with oil on recession jitters; dollar drops

Asia stocks continued a decline from Wall Street on Tuesday, and US long-term Treasury yields sank to a four-month low, pulling the US dollar down against the yen and other currencies as investors worried about the risk of global recession.

3 years ago
Economy premium

Inflation at seven-year high, exceeding BI’s revised outlook

Inflation in July surpassed already-revised estimates by Bank Indonesia (BI) and the government as consumer prices rose at their fastest pace since October 2015.

3 years ago
Page: 39

Today's ePost

Thu, July 13, 2023

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