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Jakarta Post
Economy premium

Indonesia-UAE trade pact to create 55,000 highly skilled jobs by 2030

The accord, reached during a visit by President Joko "Jokowi" Widodo to Abu Dhabi, will remove or sharply reduce duties on most goods traded between the Muslim countries. 

3 years ago
Economy

Sri Lanka grinds to a halt as fuel reserves shrink

Petrol and diesel queues snaked through the capital for kilometres, though most pumping stations have been without fuel for days. ...

3 years ago
Regulations premium

2022 deficit to drop below 4% despite subsidy hike: Govt

The government is optimistic that the budget deficit will drop to less than 4 percent of GDP this year despite increased spending to shield Indonesians from global shocks. ...

3 years ago

The Latest

Companies

ANA resumes A380 superjumbo flights on Narita-Honolulu route

One of the three double-decker giant planes the company owns took off in the evening from Narita airport near Tokyo for the seven-and-half-hour trip to Hawaii.

3 years ago
Economy

US multinationals grapple with soaring dollar

For an importer, the surge in the greenback against the euro, yen or British pound is a plus, because it makes the products they buy cheaper.

3 years ago
Economy

Japan consumers asked to accept higher prices for Philippine bananas

The prices of Philippine bananas in Japan must be "fair" and reflect increasing production and logistics costs if the public wants to continue enjoying the same level of supply and quality, an agricultural attache at the Philippine Embassy in Tokyo said in a recent interview with Kyodo News.

3 years ago
Economy premium

Huge employment opportunity in energy efficiency: G20

Work to improve energy efficiency could create employment for millions of people as it would account for around 10 percent of all clean energy jobs, researchers have found.

3 years ago
Economy premium

Inflation soars more than expected, driven by food prices

Consumer prices in Indonesia rose 4.35 percent year-on-year (yoy) in June, marking a significant acceleration from the 3.55 percent rate reported for the preceding month.

3 years ago
Tech premium

From fine dining to bankruptcy: Indonesian crypto scammers trick gullible investors

Many lured by promises of large profits amid desperation of COVID-19 pandemic. 

3 years ago
Economy

Eurozone inflation soars in June to record 8.6%

Eurozone inflation accelerated to another record high in June, official data showed on Friday, as the consequences of the Ukraine war continued to hammer the European economy.

3 years ago
Regulations premium

Pertamina records vehicle data to keep tabs on fuel purchases

Pertamina now requires that customers register their vehicles on its website to buy subsidized gasoline or diesel. That way, the state-owned oil and gas company seeks to ensure the costly measure is not abused.

3 years ago
Regulations premium

Ukraine conflict speeding global pivot to renewables: Lord Mayor of London

Russia’s invasion of Ukraine could accelerate the world’s transition to clean energy, Lord Mayor of the City of London Vincent Keaveny told The Jakarta Post.

3 years ago
Economy premium

Pressure mounts for BI to tackle inflation

In a meeting with the House of Representatives on Monday, BI deputy governor Destry Damayanti said the central bank was ‘verily concerned’ about inflation and would continue to monitor fluctuations of volatile prices.

3 years ago
Markets premium

Indonesia may not meet EU demand for coal

Indonesia may be unable to meet increasing demand for coal from European countries that are looking to stock up on the dirty fuel source as they reduce energy imports from Russia.

3 years ago
Companies

Unilever sells Ben & Jerry's Israeli business to defuse BDS row

The deal comes after the US ice cream brand announced last year it would stop marketing products in the Israeli-occupied Palestinian territories, saying that selling there was "inconsistent" with its values. Under the new arrangement Ben & Jerry's ice cream will be available to all consumers in Israel and the occupied West Bank.

3 years ago
Economy

Japan's May industrial output marks steepest fall in 2 years

The seasonally adjusted index of production at factories and mines stood at 88.3 against the 2015 base of 100, the Ministry of Economy, Trade and Industry said. The decline followed a decrease of 1.5 percent in April.

3 years ago
Markets

OPEC+ expected to stay course on oil output boost

Major oil producers led by Saudi Arabia and Russia are expected to stick to a previously decided output boost at their meeting on Thursday, despite pressure to further increase production.

3 years ago
Regulations premium

COVID app to keep tabs on cooking oil distribution

The government will require the use of its COVID-19 app PeduliLindungi for the purchase of bulk cooking oil in a bid to prevent hoarding or other malfeasance.

3 years ago
Companies premium

PLN to burn biomass at 35 coal plants by year-end

The state-owned electricity company has introduced cofiring at 32 of its coal-fired power plants as it vows to meet its renewable energy target by 2025, but activists question how big a difference that will make.

3 years ago
Economy

Draghi says cereal exports from Ukraine may soon be resumed

Speaking at the end of a summit of Group of Seven leaders in Germany, Draghi said it was not necessary for mines to be fully cleared from Ukraine's ports and that "there are corridors" in place to potentially allow cargo ships to operate.

3 years ago
Companies premium

Garuda Indonesia seeks new investors after escaping bankruptcy

National flag carrier Garuda Indonesia is seeking investors to aid its new business plan after the airline gained creditors' support to restructure its Rp 142 trillion (US$9 billion) of liabilities.

3 years ago
Markets

Dollar falters as US yields retreat amid recession risks

The dollar slipped against most major peers on Wednesday as a decline in US yields took some of the sheen off the currency, with investors mulling the risk of a recession from aggressive Federal Reserve rate hikes.

3 years ago
Companies premium

Consortium involving Incheon operator starts running Batam airport

A consortium with an investment value of Rp 6.8 trillion (US$ 462.4 million) has started work to operate and expand Hang Nadim International Airport and turn Batam, Riau Islands, into a regional travel hub.

3 years ago
Companies premium

PLN cancels 1 GW coal plant in move toward net zero

The electricity company has pulled the plug on its coal-fired power plant project in Indramayu, West Java, as the government struggles to make good on its emissions pledge.

3 years ago
Tech premium

Indonesian cold-chain start-up gets $4.5 million in seed funding

Fresh Factory, a cold-chain fulfillment start-up, has secured early investment from local and foreign venture capital firms to expand its business.

3 years ago
Companies

Indosat Ooredo Hutchison renews commitment in shareholders’ meeting

Indosat Ooredoo Hutchison (IOH) concluded its virtual Annual General Meeting of Shareholders (AGMS) on Tuesday at the company’s head office.

3 years ago
Markets

German consumer mood hits all-time low as inflation soars

The mood among German consumers has reached an all-time low, according to a key survey published Tuesday, as the war in Ukraine drives a painful wave of inflation.

3 years ago
Economy

Russia fails to pay debt but denies default

The announcement came on the 124th day of Russia's military intervention in Ukraine, with Western sanctions so far failing to force the Kremlin to change its course.

3 years ago
Regulations premium

Aiming at jobs law, unions attack legal basis for omnibus legislation

Organized workers have registered a petition for a judicial review of the 2011 Law on the drafting of laws and regulations, which serves as the legal framework for the controversial Job Creation Law.

3 years ago
Markets

US stocks fall as markets fret over interest rates

Economists are increasingly pessimistic about the potential for US policy makers to engineer a "soft landing" as central banks tighten monetary policy, reversing a after a long period of rock-bottom borrowing rates due to surging inflation.

3 years ago
Page: 45

Today's ePost

Thu, July 13, 2023

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