Rp 10.3 trillion allocated for Jokowi’s preemployment cards

Finance Minister Sri Mulyani says the government has allocated Rp 10.3 trillion (US$737.51 million) for preemployment cards as part of a program designed to...

Indonesia selects France-based Thales to build 150 Gbps satellite

Thales Alenia Space, a Franco-Italian aerospace manufacturer, announced on Monday that it had been selected to build “Satria”, a 150 Gigabits per second (Gbps)...

Inflation benign in May as prices contained during Ramadan

Indonesia booked month-to-month (mtm) inflation of 0.68 percent in May, higher than the 0.44 percent registered in April, as an uptick in demand during the...

Amazon’s push for one-day delivery dents profits, costs up 21 percent

Amazon.com on Thursday reported its first profit miss in two years and said income would slump in the current quarter, as the online retailer...

GoPay to be available at 7,000 JNE outlets

Courier service and logistics company PT Tiki Jalur Nugraha Ekakurir (JNE) and GoPay e-wallet, a subsidiary of Gojek announced on Tuesday its partnership to...

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...

PT Pos boosts presence in growing package delivery market

With the launch of its new delivery service Q-Comm, state postal company PT Pos Indonesia is optimistic it will gain at least a 10 percent share...

‘No use having electricity without internet’: Sri Mulyani talks about role of digital economy

Finance Minister Sri Mulyani urged stakeholders to build more digital infrastructure as the digital economy would play an important role in the country's economic...

American Air extends Boeing Max cancellations through Sept. 3

American Airlines Group has tacked two weeks onto the time the Boeing 737 Max will remain off its flight schedule, as the aircraft nears...

Trump says cryptocurrency is ‘not money’

Donald Trump expressed his mistrust of cryptocurrency Thursday, saying it was "not money" and warning that those wishing to join the trade would have...

Bali sees 11 percent drop in number of domestic tourists

The number of domestic tourists in Bali from January to April decreased to 363,161, marking an 11 decrease in tourists from the same period in 2018, according...

Indonesia backs Georgieva nomination for new IMF chief

  Indonesia has voiced its support for the nomination of Kristalina Georgieva, currently chief executive officer of the World Bank, as the new chief of...

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...

Jonan responds to Jokowi’s criticism on increasing oil, gas imports

Energy and Mineral Resources Minister Ignasius Jonan has said the increase in oil and gas imports was triggered by the significant increase in consumption,...

Jokowi warns on danger of hotspots as dry season hits

President Joko "Jokowi" Widodo, who used to plant trees in forests as a state firm employee, has lectured the authorities on the basics 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...

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...

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...

Indonesia books 0.55 percent inflation in June

Indonesia booked 0.55 percent month-to-month (mtm) inflation in June, lower than 0.68 percent in May, particularly due to higher food prices over Idul Fitri,...

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...

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