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Jakarta Post
Markets

Philippines economy grows 7.6 percent despite inflation threat

The Philippines’ economic growth beat expectations last year, fueled by strong consumer spending despite rising consumer prices, officials said Thursday.

2 years ago
Companies premium

Bali expects more direct flights, new routes from China

The Tourism and Creative Economy Ministry and Indonesian travel firms are pushing for new routes from Beijing, Shanghai and Guangzhou after China's lifting of COVID-19 curbs opens the doors for more tourists from the country. ...

2 years ago
Regulations premium

No country can expect investment 'red carpet'

Investment Minister Bahlil Lahadalia said on Tuesday that the ministry would “never” offer preferential treatment to any foreign firm if no law or regulation compelled it to do so.   ...

2 years ago

The Latest

Economy premium

Indonesia to accelerate oil and gas exploration amid high prices

The upstream oil and gas regulatory body has expanded the country's exploration and targets for this year to banking on higher firms' revenue driven by last year’s price surge for crude.

2 years ago
Companies premium

BRI projects drop in credit growth, net interest margins

Bank Rakyat Indonesia (BRI) expects lower credit growth in the banking industry this year and a drop in net interest margins amid a possible global recession.

2 years ago
Markets

Asian markets swing as traders weigh growth outlook

Asian markets fluctuated Wednesday as traders in several countries returned from the Lunar New Year break to a soft lead out of Wall Street with recession fears still causing concern.

2 years ago
Economy premium

2022 investment exceeds target as mining sector roars

Indonesia has exceeded its target for realized investment in four consecutive years as the mining sector in conjunction with the development of downstream industries attracted vastly greater funding last year.

2 years ago
Economy premium

National tourism and aviation outlook in 2023

The tourism industry is one of the industries hit hard by the COVID-19 pandemic since 2020. After three years, the tourism industry is showing a gradual recovery. Room occupancy rates in several areas have also shown good signs of recovery with several regions recording a pre-pandemic level.

2 years ago
Markets

Most Asian markets track Wall St rally

Tokyo led gains across most Asian markets again Tuesday, in another day thinned by the Lunar New Year break, with sentiment boosted once more by a surge on Wall Street.

2 years ago
Companies

Integrity Indonesia obtains ISO 27001:2013 for protecting client data security

Corporate consulting company PT Integrity Indonesia is dedicated to ensuring security for its clients by preventing, detecting and mitigating fraud. Integrity Indonesia recently received the ISO 27001:2013 from certification company Intertek Indonesia, an achievement that stands as a testament to its commitment in maintaining and protecting client data.

2 years ago
Markets

Dollar in doldrums as euro near 9-month peak, yen bounces

The dollar was on the back foot on Tuesday, hovering near a nine-month low to the euro and giving back recent gains against the yen, as traders continued to gauge the risks of a US recession and the path for Federal Reserve policy.

2 years ago
Companies

US auto giant Ford to axe 3,200 jobs in Germany: Union

US auto giant Ford is planning to axe 3,200 jobs in Germany, a union said Monday, adding it was extremely concerned about the future of the company's sites in Europe's top economy.

2 years ago
Regulations premium

Copper export ban comes too early, mining firms warn

A plan to ban the export of copper concentrate starting June has sparked concern among businesses over the readiness of domestic industries to absorb the product.

2 years ago
Economy premium

Indonesia, WEF join hands to unlock blue carbon potential

Indonesia and the World Economic Forum (WEF) have signed a partnership to scale up the nation’s ocean ecosystem restoration and conservation efforts, in a bid to tap rapidly increasing demand for blue carbon credits and projects.

2 years ago
Tech premium

Food delivery firms begin pinching pennies: Report

A plunge in growth last year is compelling food delivery platforms in Southeast Asia to scrutinize their costs for the sake of profitability.

2 years ago
Markets

Asian markets mixed in holiday-hit trade

Asian markets were mixed in holiday-thinned trade Monday, while the dollar dropped as investors lowered their expectations for US interest rate hikes.

2 years ago
Markets

Euro nears nine-month peak as ECB hawks let fly

The dollar was staring at a fourth straight session of losses against the euro on Monday as more hawkish comments on European interest rates contrasted with market pricing for a less aggressive Federal Reserve.

2 years ago
Regulations premium

Indonesia to ‘bring back’ ASEAN centrality with focus on economy

Indonesia’s private sector has set out to make Southeast Asia the center of gravity in a world struggling for economic and political direction.

2 years ago
Executive Column premium

Executive Column: Emerging from COVID, Nestlé readies new plant

Just as the COVID-19 pandemic began to wane, an outbreak of foot-and-mouth disease hit dairy supply chains in Indonesia, but that has not stopped Nestlé Indonesia from expanding in the country.

2 years ago
Companies premium

US media rocked by layoffs amid economic gloom

Vox Media, owner of the Vox and The Verge websites as well as the landmark New York Magazine and its online platforms, announced Friday it was letting go seven percent of its staff.

2 years ago
Tech premium

ChatGPT is not God: Creative minds think they'll stay a step ahead of AI

The release of ChatGPT, NVIDIA Canvas and DALL-E suggests that artificial intelligence (AI) will one day disrupt even creative industries, yet workers in the segment believe some space will always be reserved for humans, no matter how sophisticated software becomes.        

2 years ago
Companies

Google parent to lay off 12,000 workers as AI focus intensifies

Alphabet's shares rose almost 4 percent in pre-market trading.

2 years ago
Economy

UK shoppers cut back on spending as inflation takes its toll

Inflation-pinched British consumers cut their shopping by the most in the key month of December in at least 25 years, official data showed on Friday, dashing hopes for a Christmas boost for the country's flagging retail sector.

2 years ago
Regulations premium

New capital initial land offering '44 times oversubscribed’

The Nusantara Capital City (IKN) Authority was caught off-guard by huge investment interest in the project as multiple sectors swarmed for inquiries.

2 years ago
Tech

As Netflix co-founder pulls back, can CEOs preserve the 'Netflix Way?'

Netflix lost customers in the first half of 2022. It returned to growth in the second half.

2 years ago
Markets

Most Asian markets up as traders weigh China hope, recession fear

Asian markets mostly ticked higher Friday after a rocky week that saw recession fears return to the fore, offsetting growing hope that China's emergence from zero-COVID will help boost the struggling global economy.

2 years ago
Companies

Google loses bid to block Indian Android antitrust ruling in major setback

The Competition Commission of India (CCI) ruled in October that Google, which is owned by Alphabet Inc, exploited its dominant position in Android and told it to remove restrictions imposed on device makers, including related to pre-installation of apps. It also fined Google $161 million.

2 years ago
Economy premium

BI signals end to rate hikes, optimism on inflation target

A 25-basis-point increase of its benchmark interest rates in January is adequate to contain inflation, Bank Indonesia has suggested, which economists take to mean the central bank is done with monetary tightening.

2 years ago
Companies premium

Bank Neo Commerce looks to new products in search of profit

Bank Neo Commerce is targeting its first profit this year through an expansion of its business and the launch of several new products, including wealth management and loan services.

2 years ago
Regulations premium

Despite reforms, red tape still 'main problem' for regional projects

Bureaucratic hurdles, in particular the lack of regional regulations, still remained the greatest obstacle to investment projects despite the sweeping reforms made through the Job Creation Law, the government told regional leaders at Tuesday’s Rakornas.

2 years ago

Today's ePost

Thu, July 13, 2023

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