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Business

  • Rupiah depreciates to Rp 12,070 per dollar at Friday's final trade

    The rupiah interbank trade rate at close of trade on Friday weakened slightly by eight basis points to Rp 12,070 per US dollar from Rp12,062 per dollar in the earlier trade.

  • JCI falls 0.58% at Friday's close

    The Jakarta Composite Index (JCI) closed on a negative note in Friday's final trade session, declining by 0.59 percent to finish at 5,073.06.

  • Timah to develop smelter in Myanmar in 2015

    Indonesia’s biggest tin miner, PT Timah, says that it plans to begin the development of a smelter in Myanmar next year.

  • Sail Tomini to promote tourism in C. Sulawesi

    The international maritime event Sail Tomini 2015 is expected to help promote tourist destinations in Central Sulawesi province, in particular around Tomini Bay, a tourism industry observer says.

  • TiPhone to speed up acquisition prep

    Mobile phone distributor PT TiPhone Mobile Indonesia Tbk is finalizing its plan to acquire PT Simpatindo Multimedia as part of efforts to counteract potential loss in revenue from the release of its XL product following the recent purchase of the TiPhone stake by state-owned telecommunications operator Telkom through PT PINS Indonesia.

  • Emissions accreditation for Soekarno-Hatta

    The country’s main gateway, Soekarno-Hatta International Airport, has recently pocketed a mapping accreditation in the Airport Carbon Accreditation program run by Airport Council International (ACI), for showing its commitment to reducing carbon emissions.

  • Newmont’s shareholder applies for judicial review

    PT Pukuafu Indah, a shareholder of copper miner PT Newmont Nusa Tenggara, has filed a judicial review request over the controversial 2009 Mining Law, which requires mining companies to process and refine minerals before exporting.

  • BPD, sharia banks can go mobile: OJK

    As part of efforts to open up greater public access to financial services, the Financial Services Authority (OJK) will regulate the implementation of branchless banking, especially for regional development banks (BPD) and sharia banks, a top official says.

  • Indonesia’s exports at risk due to Chinese growth slowdown

    The new Indonesian government is facing a challenge to boost exports and reverse slowing economic growth following another growth downturn in China, the archipelago’s largest trading partner.

  • Air carriers call for more flexibility in determining airfares

    Local air carriers have called on the government to ease the new ministerial regulation that limits the minimum airfare they can charge passengers, saying the policy had hampered them in providing promotional fares.

  • Baking industry growth set to rise on more stable economy

    Indonesia’s baking industry is expected to record higher growth next year as a forecast increase in economic growth will further increase people’s purchasing power.

  • Timah plans to build smelter in Myanmar

    State-run tin producer PT Timah is looking to expand its business to Myanmar, hoping to set up a smelter in the Indochina country to absorb raw ore.

  • Unilever’s profit flat despite rising sales

    Consumer goods giant PT Unilever Indonesia has booked stagnant profit growth amid rising revenue as of the third quarter of this year, after being heavily affected by surging operational costs.

  • Semen Indonesia builds Tuban power plant

    State-run cement producer Semen Indonesia kicked off on Wednesday the construction of a 30.6 Megawatt (MW) power plant in an effort to reduce the company’s electricity costs.

  • Tunas Baru Lampung to raise Rp286b from private placement

    Plantation firm Tunas Baru Lampung said on Monday that it planned to secure up to Rp 286 billion (US$23.74 million) by issuing shares, pending approval from a general shareholders meeting to be held next month.

  • Cloud business lifts Microsoft's quarterly results

    Microsoft's quarterly profit and revenue sailed past expectations Thursday, as CEO Satya Nadella's push to embrace cloud computing and diversify into mobile devices helped lift sales by 25 percent.

  • How the Dow Jones industrial average did Thursday

    The stock market got a boost Thursday from a combination of strong corporate earnings and encouraging economic reports. Caterpillar and 3M were among the companies posting results that impressed investors. Hiring in the U.S. remains solid and a survey of businesses in Europe suggested that the region may avoid slipping back into recession.

  • US stocks jump following strong corporate earnings

    A combination of strong company earnings and encouraging economic reports, both in the U.S. and Europe, gave the stock market another day of solid gains on Thursday.

  • Rupiah falls to 12,053 per dollar in Thursday's final trade

    The rupiah interbank trade rate in Thursday’s closing session depreciated by 40 basis points to Rp12,053 per US dollar.

  • JCI rises 0.58% in Thursday's close

    The Jakarta Composite Index (JCI) closed on a positive note in Thursday’s final trade, rising by 0.58 percent to finish at 5,103.51.

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