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Jakarta Post
Markets

Asian markets drop as traders contemplate higher-for-longer rates

Asian markets sank Wednesday following hefty losses on Wall Street as still-strong economic data fanned expectations that US interest rates will go higher and stay there longer than expected.

2 years ago
Companies

McKinsey to shed 2,000 jobs: report

The round of layoffs would be one of the company's biggest ever, according to Bloomberg, which said the firm had increased headcount from 28,000 to 45,000 over the past five years.  ...

2 years ago
Economy premium

Govt targets up to 5.7 percent growth, low deficit in 2024

The government's targeted budget deficit for next year is between 2.16 to 2.64 percent of GDP, shaving off up to 0.68 percentage points from this year's deficit target of 2.84 percent. ...

2 years ago

The Latest

Markets

Asian markets drop as traders contemplate higher-for-longer rates

Asian markets sank Wednesday following hefty losses on Wall Street as still-strong economic data fanned expectations that US interest rates will go higher and stay there longer than expected.

2 years ago
Companies

Bali to host first ever Sportel Rendez-vous

The international sports industry's go-to marketing and networking event, Sportel Rendez-vous, is returning to Asia for the first time since 2020 on Feb. 23-24, hosted by Indonesia’s renowned island province.

2 years ago
Regulations premium

China’s big firms put reputation at risk in Batang Toru power plant

After two years of delay, China’s state-owned SDIC, through its subsidiary SDIC Power, has led a group of big companies to revive the ailing hydropower plant project in North Sumatra.

2 years ago
Markets premium

S&P warns of risks in SOEs after Waskita’s deferred debt payment

S&P Global Ratings says last week’s deferred debt repayment by state-owned construction company PT. Waskita Karya “could test investor appetite for corporate bonds” from Indonesia.

2 years ago
Companies

SOEs’ combined revenue up 14 percent annually

The State-Owned Enterprises (SOEs) Ministry has said the total revenue of the companies under its supervision increased by 14 percent year-on-year (yoy) in 2022 to Rp 2.61 quadrillion (US$172 billion).

2 years ago
Economy

Maneuvering toward sustainable energy transition in Indonesia

Renewable energy is a pressing issue that is challenging the world today. The pandemic has taught the world a valuable lesson: to be more serious about responding to climate change. It is undeniable that humans need energy to carry out their daily activities.

2 years ago
Economy premium

Jokowi to soon announce candidates for BI governorship

The President says that if not by today, he will choose his nominees for BI Governor Perry Warjiyo's successor by Wednesday.

2 years ago
Regulations

Indonesia to introduce EV purchase incentives in March

Indonesia may start implementing an incentive scheme for the purchase of electric vehicles (EVs) in March, a minister has said, in a bid to slash fuel oil imports and boost EV adoption at home.

2 years ago
Companies

HSBC says pre-tax profit slips to $17.5b in 2022

Banking giant HSBC on Tuesday announced a dip in 2022 pre-tax profits last year, calling the ongoing impact of COVID-19 the main factor in its financial performance.

2 years ago
Regulations premium

Poor planning causes PLN to pay more for Batang Toru hydropower plant

The Batang Toru hydropower plant project sounds like a good plan, but deep down it is plagued with poor oversight and a lack of transparency that may hurt PLN.

2 years ago
Companies premium

With most towers sold, local telcos change focus

Indosat Ooredoo Hutchison's sale of towers and other infrastructure announced last week may be the last transaction of that magnitude in the country, as telcos have now largely sold such assets.

2 years ago
Markets premium

RI smartphone market tightens as Samsung pushes foldable devices

A February market update from Canalys suggests that Korea's Samsung might be leading the year's market trend with high-end foldable devices.

2 years ago
Companies premium

Airport operators target double-digit growth in passengers this year

Angkasa Pura II expects a 17.74-percent increase in the number of passengers this year, while Angkasa Pura I is more aggressive with a 31-percent growth forecast.

2 years ago
Companies

Meta launches paid subscription, for whom and why?

Meta platform users will soon be able to follow in Twitter denizens' footsteps in affixing a blue badge to their profiles as a token of authenticity and boosting their posts -- all for a fee.

2 years ago
Companies premium

Executive Column: Bintang brews up its very own energy transition

Listed beverages company PT Multi Bintang Indonesia, well known for its Bintang beer, is working with stakeholders to raise awareness on waste management and transition to clean energy.  

2 years ago
Tech premium

Genomic tech is gaining traction, but a lack of awareness may hamper growth

Despite a new initiative from the Health Ministry and rising interest from venture capitalists, public awareness on the benefits of genetic testing is still low.

2 years ago
Companies premium

Garuda Indonesia wins Paris lawsuit against lessors

Garuda Indonesia subsidiary Garuda Indonesia Holiday France (GIHF) has won a lawsuit against two lessors, Greylag 1410 and Greylag 1446, in Paris.

2 years ago
Companies premium

GoTo aims to hit profitability milestones earlier than expected

The tech major expects its contribution margin to turn positive in the current quarter and adjusted EBITDA to move above zero by the end of this year.

2 years ago
Companies

Five simple tips: How MSMEs can avoid intellectual property rights violations

When selling and promoting products on e-commerce platforms, micro, small and medium enterprises (MSMEs) need to abide by existing laws and regulations.

2 years ago
Companies premium

Google online searches reveal new transportation trends in Indonesia

Data from Google show that Indonesians are growing an interest in new modes of transportation, with keywords like "sepeda listrik" (electric bike), "motor listrik" (electric motorcycle) and "mobil hybrid" (hybrid cars) surging 100 percent or more in Google searches last year.

2 years ago
Economy premium

With Japan's new central bank boss, Kishida bids farewell to Abenomics

The tricky task of steering the Bank of Japan (BOJ) out of years of ultra-low interest rates without upending markets required the skill to read markets and clearly communicate policy intentions, both domestically and internationally.

2 years ago
Markets

Dollar jumps to six-week high on higher rate expectations

The dollar surged on Friday to hit a six-week high against a basket of currencies as a bout of resilient economic data out of the United States raised market expectations that more interest rate hikes were in the offing.

2 years ago
Regulations premium

Govt may overshoot subsidized fuel quota as sales curb lags

The government is in danger of selling more subsidized motor fuel than it intends this year, as a delay in purchase restrictions allows unfettered access to cheaper fuel brands to continue.

2 years ago
Economy premium

BI stops hiking interest rates after months of hawkish stance

The central bank also prepared a time deposit facility to encourage exporters to store foreign exchange receipts in country.

2 years ago
Economy premium

'Global South must push back' for multilateral world order: Rockefeller Foundation

The Rockefeller Foundation says countries of the so-called Global South, home to 85 percent of the world’s population, must claim a greater role in shaping the future of the planet.

2 years ago
Markets

Stocks shrug off rates risk as US consumers spend

Asia's stocks rose on Thursday, with investors choosing to cheer strong US retail sales data as good news for earnings rather than worry about it being likely to support interest rate rises.

2 years ago
Companies premium

Google expresses concern over media sustainability bill

The US tech giant has also suggested setting up an independent body to discuss the proposed bill to avoid the direct involvement of either tech or media companies.

2 years ago

Today's ePost

Thu, July 13, 2023

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