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Business

  • Rakuten develops special mobile app for RI customers

    PT Rakuten Belanja Online, the local unit of leading Japanese e-commerce player Rakuten Inc., plans to introduce its new mobile phone application early next year as part of its long-term strategy to tap into Indonesia’s growing online shopping market.

  • Star Alliance expands more in Indonesia

    A number of Star Alliance member carriers are set to enhance their networks to Indonesia next year in order to tap into the growth of travel demand from the country’s rising middle class and affluent consumers.

  • Physical trading grows by 60 percent

    Despite relatively low global market uptake, physical trading of sustainable palm oil is showing promising signs of growth, according to members of the Roundtable for Sustainable Palm Oil (RSPO).

  • Telkom names new president in management shake-up

    Following recent changes in leadership at a number of state-owned enterprises, the government has announced a management shake-up at the country’s largest telecommunications company, PT Telekomunikasi Indonesia (Telkom), in hope of a better service for the country.

  • Goverment ready to build 2 million houses, partly for fishermen

    Public Works and Public Housing Minister Basuki Hadimuljono has said that with a total backlog of around 13 million houses, the government aims to provide 2 million new residences per year, allocating Rp 10 trillion (US$795.3 million) of the 2015 revised state budget draft to realize the program.

  • SKK Migas eyes 61 percent domestic gas utilization

    The Upstream Oil and Gas Regulatory Task Force (SKKMigas) is targeting to increase gas utilization in the country by lifting the target of deliveries to domestic clients next year.

  • RI biggest laptop market in region

    In spite of recent technological advancements in mobile devices and consumer trends shifting toward the latest portable products, sales of laptop computers managed to hit nearly 4.9 million units in Southeast Asia’s six key markets in the first three quarters of this year.

  • Blackberry posts 3Q adjusted profit, revenue down

    Blackberry reported an adjusted profit for its fiscal third quarter, surprising Wall Street. But its revenue fell, missing analysts' estimates.

  • Trade minister seeks to nominate Puan as 'jamu' ambassador

    Trade Minister Rahmat Gobel said on Friday that he would go all out to promote the consumption of jamu (Indonesian herbal and traditional medicine) domestically and abroad.

  • Govt appoints Telkomsel chief to lead Telkom

    After his appointment during Telkom's shareholders meeting, Alex said he would lead Telkom to become a global player amid a challenging global environment.

  • Star Alliance members to enhance networks to RI

    A number of Star Alliance member carriers are set to enhance their networks to Indonesia in 2015 in order to tap into the growth of travel demands from the country’s rising middle class and affluent consumers.

  • Chinese businessmen urge establishment of China desk in Indonesia

    Chinese businessmen have underlined the importance of the establishment of a China desk at the Indonesian Investment Coordinating Board (BKPM) to provide guidance and facilitate their investments in Indonesia.

  • 8 children killed in home in northern Australia

    Eight dead children and a woman suffering from stab wounds were found inside a home in a northern Australian city on Friday, police said.

  • Asia equity rally continues after Fed rate pledge

    Asian stocks rallied for a second day Friday after the Federal Reserve's reassurance it was in no hurry to hike interest rates. But shares of Sony Corp. dropped as a hacking scandal rocked its American movies unit.

  • Stable market next year, says Allianz

    Private life insurer PT Asuransi Allianz Life Indonesia predicts the life insurance industry will become more stable in 2015 after suffering a sharp decline this year. However, it may lose some of its corporate clients to the national health insurance (JKN) program.

  • OCBC NISP to review bond-issuance plan

    Publicly listed bank OCBC NISP, part of Singaporean lender OCBC Bank, will review its plan to issue Rp 3 trillion (US$235.85 million) worth of bonds in 2015 due to recent volatility in the financial market, its top executive has said.

  • DBS aims 15% growth in wealth management

    Bank DBS Indonesia, part of the Singapore-based DBS Group Holdings Ltd., expects its newly launched currency linked investment to help boost the lender’s wealth management business next year.

  • Rupiah rises to 12,468 in opening session

    The rupiah opened at 12,468 per US dollar on Friday, up from 12,562 per dollar.

  • JCI extends gains, opening at 5,141

    The Jakarta Composite Index (JCI) extended its gains on Friday, opening 0.55 percent higher in line with the regional trend, analysts said.

  • Reform team recommends end to RON 88 gasoline imports

    The reform team for the oil and gas sector has recommended that state-owned PT Pertamina stop importing the registered octane number (RON) 88 specification gasoline so as to diversify the company’s supply sources.

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