Trump’s trade tweets hammer China’s stocks and currency

Chinese stocks tumbled along with the yuan as a pair of tweets by President Donald Trump undermined confidence in a trade agreement. The ChiNext Index...

Idul Fitri exodus to spark 20% increase in passengers: Bus operators

Bus operator Lorena Transport and Karina Transport project to see a 20 percent increase in the number of passengers traveling during the Idul Fitri...

GDP expands 5.07 percent in Q1

Indonesia’s gross domestic product (GDP) expanded 5.07 percent year-on-year (yoy) in the first quarter of 2019, slightly higher than the 5.06 percent recorded in...

Boeing completes software update for 737 MAX

Boeing has announced that it has completed updating software for the 737 MAX, along with associated simulator testing and engineering test flights. “We have completed...

Telenor, Axiata enter talks to merge Asian businesses

Norwegian telecom operator Telenor said Monday it has entered into talks with Malaysian telecoms group Axiata about a potential merger of the companies' Asian...

Bank Indonesia hints at rate cuts as it monitors global risks

Indonesia’s central bank said on Thursday it will consider whether there’s room to ease monetary policy, the first indication it’s given this year of...

Indonesia has a $412 billion plan to rebuild the country

Indonesia is drafting ambitious plans for more than $400 billion in building projects, from constructing 25 airports to new power plants, as the government...

Businesspeople worried over post-election uncertainty

Businesspeople have expressed their concerns over post-election uncertainty, following losing presidential candidate Prabowo Subianto’s rejection of incumbent Joko “Jokowi” Widodo’s victory as announced by...

Minister Susi criticizes plastic import policy

Maritime Affairs and Fisheries Minister Susi Pudjiastuti has criticized the government policy to import plastics, arguing that other countries including China, the largest plastic...

Antam’s net profit drops 30.12 percent yoy in Q1

Diversified mining company PT Aneka Tambang recorded Rp 171.67 billion (US$ 11.84 million) in net profit in the first quarter of 2019 or 30.12...

HM Sampoerna to pay Rp 13.63 trillion in dividends

Publicly listed cigarette producer PT Handala Manjaya Sampoerna has announced a plan to distribute Rp 13.63 trillion (US$948.47 billion) in dividends, more than the...

Tokopedia launches new warehousing service for merchants

Homegrown e-marketplace Tokopedia launched on Wednesday a new warehousing service for its merchants to help them scale up distribution. Tokopedia fulfillment head Erwin Dwi Saputra said...

Govt pledges to push down airfares in one week

The government will decide on new price ceilings for airplane tickets within a week to force airlines to lower airfares, after two regulations that...

Jakarta riot: Rupiah drops to Rp 14,512 per US dollar

The rupiah dropped to Rp 14,488 per US dollar on Wednesday from Rp 14,462 per dollar the previous day, according to the Jakarta Interbank Spot...

Unemployment numbers fall to 6.82 million

Indonesia’s open unemployment rate slightly dropped to 5.01 percent in February this year from 5.13 percent in the same month last year thanks partly...

Boeing Max may be grounded beyond this year, Indonesia says

Indonesia signaled it may ground Boeing Co.’s 737 Max until next year, underscoring the challenges faced by the US planemaker as it races to get...

Campaign for cooking with electricity hampered by households’ low power capacity

The government is preparing a nationwide program to promote induction cooking, which uses electricity to heat pots and pans, and reduce household dependency on imported...

Industry group hails alcohol, tobacco tax exemption for Batam

The Indonesian Malt Beverage Industry Association (GIMMI) has welcomed the government's decision to exempt the Batam free trade and port zone (KPBPB) in the Riau Islands from...

Assets of 143 SOEs worth Rp 8 quadrillion, minister says

State-Owned Enterprises (SOEs) Minister Rini Soemarno has said that the value of 143 SOEs had reached Rp 8 quadrillion (US$558 billion). She said those companies...

Domestic car sales drop 17 percent

Domestic car sales dropped 17.8 percent year-on-year to 84,029 vehicles in April from 102,258 in the same month last year, according to a statement...

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