Experts, business players urge COVID-19 response team to evaluate fiscal stimulus

Experts and a business player association are urging the newly established COVID-19 response team to re-evaluate the government’s fiscal stimulus and boost its effectiveness...

Fed chief says coronavirus surge slowing US economic recovery

The surge in US coronavirus cases is beginning to weigh on economic activity, the head of the Federal Reserve said on Wednesday, and he promised...

US lawmakers accuse Big Tech of crushing rivals to boost profits

Google and Facebook took particularly sharp jabs for alleged abuse of their market power from Democrats and Republicans on Wednesday in a much-anticipated congressional...

Former minister Rudiantara appointed commissioner for nickel miner Vale

Seasoned telecommunications player Rudiantara has been appointed deputy president commissioner and independent commissioner of top nickel miner PT Vale Indonesia. Rudiantara, who previously served as...

PayPal says 86% profit jump flags shift from cash payments in stores

Payments processor PayPal Holdings Inc said on Wednesday that a surge in e-commerce transactions and new accounts that drove quarterly profits 86 percent higher was...

Boeing reports big loss, signals more job cuts

Boeing suffered a bigger-than-expected loss in the latest quarter, the company announced Wednesday, and signaled additional job cuts are likely as it contends with...

Time to change: Virus-hit US urges people to spend coins

The flow of coins through the US economy is the latest victim of the coronavirus pandemic and now the government is asking people to...

Pharma firms see drop in demand as people avoid visiting healthcare facilities

Pharmaceutical companies have seen declines of between 50 to 60 percent in demand for drugs during the COVID-19 pandemic as people avoid visiting medical...

P2P lender Modalku seizes opportunity to fund social commerce borrowers

Peer-to-peer lender Modalku plans to expand its funding portfolio to include social commerce amid the rising usage of e-commerce and messaging platforms by small...

Fifteen Indonesian billionaires make Forbes 2020 rich list

Fifteen Indonesians have amassed fortunes surpassing US$1 billion, with the Hartono brothers remaining the country’s wealthiest people, according to Forbes magazine’s 2020 World’s Billionaires...

Huawei overtakes Samsung as top smartphone seller: Industry tracker

China's Huawei has overtaken Samsung to become the number-one smartphone seller worldwide in the second quarter, industry tracker Canalys said Thursday. Canalys said embattled firm,...

Government to provide cash transfers, working capital loans for 12 million MSMEs

The government is set to provide cash transfers and working capital loans for micro, small and medium enterprises (MSMEs) in its latest bid to...

White House to lure US firms to Latam from Asia in nearshoring drive, senior...

The Trump administration is readying a new initiative that would use financial incentives to encourage US firms to move production facilities out of Asia...

Astra International’s profit plunges 44% in H1 as pandemic batters auto business

Diversified conglomerate PT Astra International has reported a drop in revenue and net profit in the first half of the year, largely because of...

German economy shrinks by record 10.1% in Q2 on virus hit

The German economy shrank by a record 10.1 percent in the second quarter as coronavirus lockdowns took their toll, official data showed Thursday, but...

‘No compromise on nickel ban’: Ministry puts foot down on nickel price floor

The government has threatened to sanction nickel businesses that fail to comply with nickel ore pricing regulations and, therefore, pose a risk to the...

State injects Rp 881 billion into airport operator Angkasa Pura II

State-owned airport operator PT Angkasa Pura (AP) II, which manages most airports in the western part of Indonesia, has received a state capital injection...

Indonesia to mix coal-based DME, LPG as cooking gas to reduce imports

The government is looking to mix coal-based dimethyl ether (DME) and liquefied petroleum gas (LPG) as cooking gas in an effort to reduce Indonesia’s...

After Spotify and Netflix, Indonesia eyes VAT collection from other tech firms

The Taxation Directorate General is in talks with several more technology firms to collect value-added tax (VAT) on sales after recently imposing such rules...

Technology to play major role in RI’s ‘new normal’: HP Indonesia

The COVID-19 pandemic is changing the way people work. With social restrictions in place to prevent the virus from easily spreading, many businesses have...

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