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Business

  • Tokyo shares trim gains to fall 0.63% in early trade

    Tokyo shares gave up early gains and fell into negative territory on Friday morning, amid fresh hopes for further easing in Europe.

  • ADB increases loan limit for RI infrastructure development

    The Asian Development Bank (ADB) said on Thursday it had increased its capital loan for the Indonesian government to up to US$2.2 billion.

  • Pertamina’s oil and gas production rises 9.8%

    State oil and gas firm Pertamina said on Thursday that its oil and gas production rose 9.8 percent in the first seven months of the year.

  • Rupiah strengthens slightly Thursday afternoon

    The rupiah interbank rate strengthened four points on Thursday afternoon to Rp 14,128 per US dollar from Rp 14,132.

  • JCI up 0.72% at Thursday's close

    The Jakarta Composite Index strengthened in afternoon trading on Thursday on market optimism over the government’s economic policy.

  • Microsoft to focus on education, SME development

    Microsoft plans to utilize its 20-year presence in Indonesia by focusing its efforts on improving access to technology and investing in cloud technology for the education sector, and the small and medium enterprises (SME) sector.

  • Economy in brief: 101 RI firms to participate in China-ASEAN Expo

    More than 100 Indonesian firms are set to participate at the 12th China-ASEAN Expo in Nanning, China, on Sept. 18-21.

  • US firms to take part in RI’s power plant projects

    The United States will take part in the Indonesian government’s 35,000 megawatt (MW) power plant construction program. American companies will focus on developing environmentally friendly power generation facilities.

  • Urgent actions needed to avert crisis

    The country needs quick policy responses from the government to avert a full-blown crisis reminiscent of the years 1997-1998, local think-thank Institute for Development of Economics and Finance (Indef) says.

  • Palm oil industry group plays down China effect

    The Indonesian palm oil industry has not experienced any major slump in business despite declining Chinese demand. To hedge against a Chinese slowdown, palm oil producers have exported their product to non-traditional markets, the Indonesian Palm Oil Producers Association (Gapki) has said.

  • Govt upbeat about biodiesel settlement at WTO

    The government is optimistic that a panel recently setup by the World Trade Organization (WTO) will settle its issue regarding the European Union (EU)’s anti-dumping measures on its biodiesel.

  • Auto expos fail to boost car sales

    Two auto expos, the Gaikindo Indonesia International Auto Show (GIIAS) and the Indonesia International Motor Show (IIMS), both of which ended last week, were not able to boost car sales as expected as a result of the current economic slowdown, an industry group has said.

  • Tokyo shares open 1.43% higher

    Tokyo shares opened 1.43 percent higher Thursday after Wall Street rebounded overnight while Chinese markets are closed for a long weekend.

  • JCI drops 0.25 percent Wednesday afternoon

    The Jakarta Composite Index (JCI) weakened slightly during Wednesday’s final trading session as foreign investors sold stakes.

  • Rupiah weakens slightly at Wednesday’s close

    The rupiah interbank trade rate on Wednesday closed at Rp 14,132 per US dollar, down 36 basis points from Rp 14,096 per US dollar in the previous trade.

  • Jakarta index leads declines in SE Asian stock exchanges

    The local stock market index slumped deep on Tuesday after five consecutive days of gains as new data on China’s economy sent shock waves to emerging markets.

  • Timah’s profits nosedive despite surging revenues

    Publicly listed state-run PT Timah saw its profits nosedive during the first half of this year despite rising revenues and higher sales volumes.

  • Adaro scales down production target

    Major coal producer Adaro Energy has announced that it has lowered its production target from 56-58 million tons previously to 54-56 million tons to mitigate oversupply that led to plunging commodity prices and cut the company’s profit by 31 percent on a yearly basis.

  • Economy in brief: Alfamart to keep prices affordable

    PT Sumber Alfaria Trijaya, the operator of minimarket chain Alfamart, has been trying to maintain the prices of its products amid the volatility of the rupiah and the economic slowdown.

  • Analysis: Financial market updates: Riding out the volatility

    Global stock market volatility has increased in the past couple of weeks led by the Chinese stock market. The Shanghai index collapsed as much as 25.5 percent since the yuan devaluation to its lowest level on Aug. 26.