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Jakarta Post
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

The Latest

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
Economy premium

Manufacturing industry key to solving electricity oversupply bottleneck

Getting more manufacturing facilities to use electricity generated by the state electricity firm PLN could be the easiest way to tackle the country’s electricity supply glut, energy experts say.

2 years ago
Economy premium

Indonesia achieves high surplus despite lower exports of CPO, iron and steel

On a monthly basis, the trade surplus is lower than the previous month, due to a downward trend in exports for the past five months.

2 years ago
Regulations premium

Indonesia seeks lithium mineral pact with Australia

The government is exploring opportunities for narrowly focused trade and investment in lithium, an important mineral for the production of electric vehicles.

2 years ago
Companies

Get to know the five love languages

People have different ways to show affection to their significant others or other loved ones. However, all that fear seems to subside for one day of the year: Valentine’s Day.

2 years ago
Companies premium

Indonesian air traffic set to recover faster than expected

Indonesian airlines have expressed optimism that passenger figures on domestic routes are on track to get back to the pre-pandemic level in the first quarter of 2024, nearly a year faster than previously estimated.

2 years ago
Markets

Dollar finds friends after sticky US inflation readout

The dollar found support in Asia on Wednesday after stubbornly high US inflation suggested interest rates are going to remain high for longer than investors had expected.

2 years ago
Companies

Major firms not doing enough to curb deforestation: Report

Many major global firms and financial institutions that directly or indirectly contribute to deforestation do not have any policies in place to protect forests, increasing the risk for catastrophic nature loss, a report said Wednesday.

2 years ago
Economy premium

Promoting biomass as a source of renewable energy in Indonesia

As part of reaching net-zero by 2060, Indonesia plans by 2025 to produce energy from renewables as much as 23 percent. This renewable energy is contributed by hydro energy (8 percent), geothermal (7.5 percent), biomass (6 percent), and other renewable energy (1.5 percent).

2 years ago
Markets

Global shares edge higher ahead of US inflation data, yen firms

Global shares edged higher on Tuesday, tracking a rebound on Wall Street ahead of a key US inflation report and speeches by Federal Reserve members, while the yen recouped losses after Japan nominated a new central bank governor.

2 years ago
Markets

Dollar slips as inflation in focus, Ueda nominated as BOJ governor

Markets are looking to the US consumer price index (CPI) data for further clues on Federal Reserve's policy outlook, with the headline number expected to rise 0.5 percent in January, according to a Reuters poll, after falling 0.1 percent in December.

2 years ago
Economy

Japan GDP rebounds less than expected in fourth quarter

Japan's economy expanded just 0.2 percent in the last quarter of 2022, a smaller rebound than expected despite the long-awaited reopening of the country to tourists, government data showed Tuesday.

2 years ago
Regulations premium

News firms push for a rule on ads-revenue sharing and algorithm in Big Tech

Media firms are pushing for a rule to give more responsibility to tech platforms to help safeguard the quality and well-being of the industry.

2 years ago
Markets premium

Analyst sees minimal impact on CPO price after Indonesia tightens exports

A recent government decision to tighten palm oil shipments by suspending some export permits will have a negligible impact on global prices, according to an analyst.   

2 years ago
Regulations premium

Govt to issue new bill to protect cooperative members from fraud

Several changes, from the establishment of OJK and LPS-like bodies to criminal sanctions would be added to the revised cooperative law. 

2 years ago
Markets

Asian markets take fresh hit on rate hike worries

Asian equities fell again Monday on growing expectations that US interest rates will go much higher and for longer than previously thought.

2 years ago
Executive Column premium

Executive Column: BofA sees ‘massive influx’ of offshore funds

Bank of America (BofA) notes that Indonesia has been quick to take advantage of capital markets reopening at the start of this year and envisions more investments coming into the country on the back of more positive sentiment than 2022.

2 years ago
Tech premium

Mortgage tech is taking up the property market, promising efficiency

Mortgage tech has the potential to tap into the Indonesian property market with demand for house ownership high in the years to come, while most of financing come from loans.

2 years ago
Economy premium

Govt invites US investment while 'not taking sides'

The Indonesian government remains committed to its long-standing free and independent foreign policy doctrine while pursuing opportunities for cooperation with United States firms on critical minerals and electric vehicles.

2 years ago
Companies premium

Unilever Indonesia’s profit down 6.8% amid soaring input costs

PT Unilever Indonesia, a major manufacturer of fast-moving consumer goods (FMCG), saw its net profit drop 6.8 percent year on year (yoy) to Rp 5.36 trillion (US$354.6 million) in 2022 amid increased input costs.

2 years ago
Regulations

Indonesia, Malaysia to send palm oil mission to EU

The world's top two largest palm oil producers plan to send a joint mission to state their case against the EU's latest policy blocking sales of the commodity.

2 years ago
Markets

Adani faces fresh risk as MSCI examines free float of its stocks

Billionaire Gautam Adani has seen some US$110 billion wiped off the value of seven firms in the group he founded after US short seller Hindenburg Research accused it of improper use of offshore tax havens and stock manipulation.

2 years ago
Markets

US demands Mexico explain science behind GMO corn ban

The new US agriculture trade chief on Thursday told Reuters that he has given Mexico until Feb. 14 to respond to a US request to explain the science behind Mexico's planned bans on genetically modified corn and glyphosate herbicide.

2 years ago
Companies

CCEP Indonesia, Dynapack Asia unveil Amandina Bumi Nusantara PET recycling plant

Coca-Cola Europacific Partners (CCEP) Indonesia and Dynapack Asia, the region’s leading rigid plastic packaging and components manufacturer, inaugurated on Wednesday the Amandina Bumi Nusantara polyethylene terephthalate (PET) recycling plant in Bekasi, West Java, as a major step in the two companies’ efforts to support the sustainable use of plastics.

2 years ago
Markets premium

Despite lithium, nickel still crucial for EV batteries: Industry players

Industry players in the world's largest nickel producer are adamant about the future of the mineral in electric vehicles despite a resurgence in demand for lithium iron phosphate batteries.

2 years ago
Tech premium

Mandiri to hold quarterly business matchmaking events for start-ups

PT Mandiri Capital Indonesia (MCI), state-owned lender Bank Mandiri’s venture capital arm, announced on Wednesday that it would begin holding its Xponent business matchmaking event for start-ups on a quarterly basis.

2 years ago

Today's ePost

Thu, July 13, 2023

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