E-commerce brings in new entrepreneurs, expands market access in times of crisis

Many Indonesians are trying to be entrepreneurs to keep making money via e-commerce platforms amid the economic downturn caused by the unfolding COVID-19 pandemic....

Billionaires look to exit equities after turning quick profit

Billionaires looked after by Swiss bank UBS are looking to move their cash out of equities after profiting from an unprecedented sell-off and rapid...

Asian markets look to continue upward run on vaccine hopes

Asian shares look set to continue a march upwards as optimism over a coronavirus vaccine carry weight over the ongoing spread of the...

China’s economy seen returning to growth in second-quarter, more support needed to bolster

China’s economy is likely to return to modest growth in the second quarter after a record contraction, as lockdown measures ended and policymakers stepped...

Amid Hong Kong convulsion, Taiwan pitches investors its democracy

Amid political turmoil in financial hub Hong Kong, Taiwan is pitching investors its democracy, rule of law and high quality of life as the...

Poverty rate rises in March as pandemic hits vulnerable communities

Around 1.63 million Indonesians fell into poverty in March compared with September last year as the COVID-19 pandemic took its toll on the poor...

WTO leadership contenders start to strut their stuff

The eight candidates battling to become the next head of the beleaguered World Trade Organization make their pitches this week, with three days of...

Honda recalls 85,000 cars in Indonesia over faulty fuel pumps

Automotive firm PT Honda Prospect Motor (HPM) announced on Wednesday a recall of 85,025 cars of the Honda brands, over suspected faulty fuel pumps. The company...

Indonesia seeks to conclude trade negotiation with EU next year to bolster recovery

Indonesia hopes to conclude negotiations for a trade agreement with the European Union next year to bolster the country’s economic recovery after the pandemic,...

Google launches BigOmni Query tool to connect multi-cloud services

Technology company Google Cloud has launched BigOmni Query, a multi-cloud analysis tool, to ease customers’ data transfer and processing in hybrid cloud computing. The software...

PGN to develop three domestic LNG hubs for power plant gasification plan

State-owned gas firm PT Perusahaan Gas Negara (PGN) plans to convert three liquefied natural gas (LNG) terminals into regional gas distribution hubs as part...

Domestic investors dominate stock market amid pandemic

The recent stock market crash may have spooked foreign investors out of Indonesia, but domestic investors have swarmed and dominated transactions in the country’s...

Preemployment card to offer offline courses in August despite COVID-19 surge

The government plans to start in-person training courses in August under its preemployment card program, despite the daily surge in new COVID-19 cases since...

Indonesia books $1.27b trade surplus in June as economic activity resumes

Indonesia booked a trade surplus of US$1.27 billion in June as both exports and imports rose from the slump recorded in May, signaling increasing...

Secondhand car marketplace Carsome sees business rebound amid economic reopening

Secondhand car online marketplace Carsome saw its highest transaction value in June in its operation in several Southeast Asian countries, amid the relaxation of...

Japan’s economy to shrink 4.7% in 2020/21: Central bank

Japan's economy will contract 4.7 percent in the year to March 2021, the central bank said Wednesday, projecting a recovery the following year but...

Britain bans China’s Huawei, handing US big win

Britain on Tuesday bowed to growing US pressure and ordered the phased removal of Chinese telecoms giant Huawei from its 5G network despite warnings...

Fed officials warn on ‘thick fog’ ahead for US economy as recovery concerns deepen

The United States economy will recover more slowly than expected amid a surge in novel coronavirus cases across the country, and a broad second...

Taiwan’s Cathay Life to boost ownership in Bank Mayapada

Taiwan-based Cathay Life Insurance, a subsidiary of Cathay Financial Holdings, is preparing to increase its ownership of PT Bank Mayapada Internasional (Bank Mayapada),...

Crunch time for Apple in fight against $15b EU tax order

Apple’s clash with European Union competition regulators comes to a head on Wednesday as Europe’s second-highest court rules on whether it has to pay...

Latest News