BCA's Q1 Result Lends Solid Footing as Bank Restructures Loans to Help Businesses

Large-scale social restrictions have hit the economy hard and many companies are at risk of failing to pay back loans.

#CORPORATE NEWS

Relaxing Social Restrictions May Not Boost Economy

Economic growth this year will remain at minus 2 percent if social restrictions only get phased out in the third quarter.

MAY 27 #ECONOMY

Nike Factory Sacks Nearly 5,000 Workers in Indonesia

Victory Chingluh is a Taiwanese sportswear company that runs two factories in Indonesia.

MAY 25 #CORPORATE NEWS

Health Ministry Issues Guidelines to Reopen Shops and Offices

The guidelines include mandatory wearing of masks and putting a stop to overtime and "third-shift."

MAY 25 #POLICY

No Trade-Off Between Health and Economy: Finance Minister

The government said earlier that it is preparing steps for loosening Covid-19 restrictions to reopen the economy.

MAY 24 #ECONOMY

Indomie Maker Still Books Profit in Q1

Increasing sales of Indofood's premium instant noodles give the company solid footing despite the coronavirus crisis.

MAY 22 #CORPORATE NEWS

Bangkok Bank Completes Permata Takeover

The move is expected to consolidate Bangkok Bank's position in Indonesia's banking system.

MAY 21 #CORPORATE NEWS

VISION

Training Center Converted Into Covid-19 Quarantine Facility in Tangerang

The center has treated 116 patients since it was opened late last month.

#EYEWITNESS

What About Us?: Indonesia's Private Employers Demand More Stimulus

Lack of stimulus for the private sector could undermine Indonesia's ability to recover after the Covid-19 pandemic passes.

MAY 21 #ECONOMY

Greater Jakarta Faces 15.2% Output Loss From Pandemic: Economist

Social restrictions and work from home policy are big factors in losses of income and output.

MAY 20 #ECONOMIC IMPACTS

Central Bank Buys $1.6b in Gov't Bonds and Set to Buy More

Bank Indonesia has bought Rp 22.8 trillion in government bonds and promises to remain active in the primary market.

MAY 19 #ECONOMY

Indonesian Smartphone Market Takes Huge Hit From Pandemic

Smartphone shipment to Indonesia was down 24.1 percent in the first quarter of this year.

MAY 19 #TECH

Indonesia Eyes Biggest Deficit in Three Decades as the Country Sets to Cut Corporate Income Tax

The state budget would be set back by Rp 20 trillion as the government planned to cut the corporate tax rate to 22 percent from 25 percent.

MAY 19 #ECONOMY

US Pharma Company to Relocate Plant to Central Java From China

Indonesia's drug manufacturers are still heavily reliant on imported raw materials.

MAY 18 #CORPORATE NEWS

South Korea's Kookmin Bank to Seize Control of Bukopin

The local lender has recently managed to reduce its bad loan rate to below the government's five-percent cap.

MAY 18 #CORPORATE NEWS

What Is Behind the Fall of Banking Stocks Last Week?

Shares of Bank Rakyat Indonesia and Bank Mandiri fell to a price level never seen in more than five years.

MAY 17 #SECURITIES

Indonesia to Start Collecting 10% VAT From Netflix, Spotify in July

Netflix, Steam, or Spotify may see their bills increased soon.

MAY 16 #POLICY

Trade Swings to Deficit as Coal, Automotive Exports Suffer Amid Pandemic

The largest economy in Southeast Asia saw exports fall 7 percent last month to $12.19 billion since a year ago.

MAY 15 #ECONOMY

Airy Rooms to Close at End of May

The company became the latest hospitality business to throw in the towel as Covid-19 continues to decimate the travel industry.

MAY 15 #CORPORATE NEWS

Palm Oil: Local Consumption Down, Export Picks Up During Pandemic

Weakening food industry lowers local consumption of palm oil, but hand sanitizer offers the commodity a lifeline.

MAY 13 #SUSTAINABLE PALM OIL FOR ALL

Kopi Kenangan Pulls $109m in Series B Funding

Kopi Kenangan secured $109 million in its Series B funding led by current investor Sequoia Capital and joined by several new ones.

MAY 13 #CORPORATE NEWS