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Business

  • APEC supports RI’s development product proposal: Minister

    The results of a study commissioned by the Asia-Pacific Economic Cooperation Policy Support Unit (APEC PSU) have supported Indonesia’s proposal to push forward the trade of development products among countries in the Asia-Pacific, a minister has said.

  • Greece issues fresh warning on IMF payment in June

    A Greek government minister said Sunday that Athens will be unable to repay the IMF on schedule next month, reiterating previous warnings by officials during tense talks with the country's creditors.

  • What will get Europe's economy rolling again?

    What's behind Europe's sluggish recovery and high jobless rate? What can central banks and governments do to get things going?

  • Struggling BlackBerry announces new round of layoffs

    BlackBerry is laying off an unspecified number of workers around the world as the struggling smartphone manufacturer tries to make its device business profitable.

  • Developers laud relaxed LTV, foreign ownership

    Major developers are welcoming the central bank’s plan to loosen its mortgage policy and a possible plan to allow foreign ownership of luxury apartments, saying that they will help to balance the industry amid an economic slowdown and challenges stemming from an upcoming revision of property taxes.

  • Tiphone aims to reap Rp 3t from loans, bonds

    Phone and cellular voucher distributor PT Tiphone Mobile Indonesia aims to reap around Rp 3 trillion (US$228.5 million) from both syndicated loans and the bond market in the first half of this year, in a bid to ease its financial burdens.

  • How can governments and companies promote quality of life and competitiveness?

    It may seem obvious that the more a country or company invests in an individual’s personal development, the higher the chances that that person will succeed professionally and make a significant economic contribution that can benefit all. But just because something seems obvious that does not mean that it is fully understood and much less that it is acted on.

  • Ten ways to become a great mentor

    Mentoring is a much used and abused word. Becoming a great mentor is by no means a goal or a destination, but a journey that has a starting point and a constantly changing end point. To be effective at different stages of this journey, a mentor needs to keep his or her mind open, constantly adding value, helping the relationship evolve and playing different roles at different stages.

  • High demand

    Workers make sarongs in a factory in Tegal, Central Java, Friday. Demand for sarongs from Bandung, Jakarta and Surabaya are increasing 100 percent ahead of the Ramadhan fasting month. (Antara/Oky Lukmasyah)

  • Garuda opens Guangzhou-Denpasar route

    National flag carrier Garuda Indonesia will introduce direct flights between Guangzhou, China, and Denpasar, to meet the increasing demand by Chinese tourists to visit Indonesia.

  • Japan vows to help RI develop infrastructure

    Japanese Prime Minister Shinzo Abe has renewed Japan’s commitment to enhancing bilateral ties with Indonesia, especially in developing infrastructure in the country.

  • Telkom enters bond market to finance expansion

    State-owned telecommunications giant PT Telekomunikasi Indonesia (Telkom) aims to reap up to Rp 7 trillion from the bond market to finance part of its capital expenditure (capex) and strategic merger or acquisition.

  • Global Mediacom to spend $100m on capex

    Publicly listed media conglomerate PT Global Mediacom plans to spend no less than US$100 million on capital expenditure (capex) this year to expand its various media businesses, ranging from pay TV to Internet broadband.

  • Lotte Chemical to build new plant in Cilegon

    Publicly listed petrochemical company Lotte Chemical Titan, a subsidiary of the South Korean Lotte Group, is studying the possibility of building a US$4 billion upstream plant to reduce imports of raw materials.

  • Economy in brief: SQ unveils premium economy class service

    Singapore Airlines (SQ) is to offer a premium economy class service as of August, with its main target of attracting premium leisure travelers and small and medium enterprise (SME) business travelers.

  • 20m homebound Idul Fitri travelers to use public transportation

    As the Idul Fitri holiday draws near, the government estimates the number of homebound travelers using public transportation will reach 20 million people during Idul Fitri holidays this year, a 2 percent increase from the 17.4 million people recorded last year.

  • Govt website to make airline permit approvals easier

    Air transportation operators are now required to make requests for time slots, routes and approvals through the Transportation Ministry’s online licensing system launched on Wednesday evening.

  • WB chief pledges support for maritime highway projects

    World Bank (WB) president Jim Yong Kim promised Thursday to provide financing options for the maritime highway program, one of President Joko “Jokowi” Widodo’s economic development priorities.

  • Oil companies call for longer contracts in new fields

    Oil and gas companies have called on the government to extend the length of contracts in the operation of new fields, as most untapped reserves are located in deep-sea areas that are difficult and costly to explore and develop.

  • Indonesia, China promote partnership in banking

    The Financial Services Authority (OJK) will sign a memorandum of understanding (MoU) with the China Banking Regulatory Commission (CBRC) to accommodate the business expansion of lenders in both countries.

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