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...

Coronavirus drags down commodity prices as demand from China drops

Prices for commodities from natural rubber to coal have plunged in February because of decreasing demand from China, where the new coronavirus outbreak is...

Coronavirus crash wipes $5 trillion off world stocks

Coronavirus panic sent world share markets crashing again on Friday, compounding their worst week since the 2008 global financial crisis and bringing the wipeout...

Vietnam is the ‘favorite’ story for fund managers seeking growth

Vietnamese stocks are some of the world’s most battered this year, yet market watchers are backing a turnaround. They’re pointing to valuations that haven’t been...

Chevron to buy Noble for $5b in stock, biggest oil deal since price crash

Chevron Corp said on Monday it would buy oil and gas producer Noble Energy Inc for about US$5 billion in stock, the first big...

BI, Bank of Korea renew currency swap agreement to boost trade, financial stability

Bank Indonesia (BI) and Bank of Korea have extended a to strengthen the rupiah and the South Korean won and to promote trade. The...

US proposes tougher Wall Street rules for China firms

United States officials on Thursday proposed toughening rules for Chinese companies listed on American stock exchanges as recent scandals have prompted concerns about the...

Don’t export masks, Minister pleads amid coronavirus panic buying

Trade Minister Agus Suparmanto has urged mask producers to halt the export of masks and cater to domestic needs first amid a spike in demand...

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...

Homegrown gaming companies thriving amid pandemic

Homegrown gaming companies are mostly thriving during the COVID-19 pandemic as people spend more time playing games during quarantine. Mobile game developer Touchten Games reported...

Samarinda international airport reopens following repair to damaged runway

APT Pranoto International Airport in Samarinda, East Kalimantan has resumed operations after it closed earlier than usual on Saturday due to a damaged runway. “As...

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...

Government readies insurance holding company to save Jiwasraya by February

The government plans to establish a state-owned insurance holding company next month in an effort to inject money and save state-owned insurer PT Asuransi Jiwasraya. State-Owned...

Sri Mulyani sees weaker growth, rate cut room

Indonesia’s finance minister said the economy will probably expand at a slower pace than previously forecast, and that there’s ample room for the central...

PLN to receive Rp 9.6t from state coffers to build power infrastructure

State-owned electricity giant PLN is slated to receive Rp 9.6 trillion (US$695 million) in state capital injections (PMN) from the government this year to...

Indonesia’s coal price reference drops 11.73 percent

  Indonesia’s coal price reference (HBA) dropped by 11.73 percent to US$71.92 per metric ton in July from $81.48 per metric ton in the previous...

Government wants more SMEs to go public

The government is encouraging small and medium enterprises (SMEs) to offer their shares to the public through the Indonesia Stock Exchange (IDX). The Financial Services...

‘We will continue to protest’: Labor unions insist on rejecting omnibus bill on job...

Labor unions voiced their persistence in rejecting the government’s omnibus bill on job creation as they staged another protest in front of the House...

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...

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)...

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