ON BUSINESS

#ECONOMY

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.

21 May 2020 | 10:20 AM

#ECONOMIC IMPACTS

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.

20 May 2020 | 10:36 PM

#ECONOMY

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.

19 May 2020 | 10:35 PM

#TECH

Indonesian Smartphone Market Takes Huge Hit From Pandemic

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

19 May 2020 | 03:40 PM

#ECONOMY

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.

19 May 2020 | 10:45 AM

#CORPORATE NEWS

US Pharma Company to Relocate Plant to Central Java From China

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

18 May 2020 | 01:37 PM

#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.

18 May 2020 | 12:05 PM

#SECURITIES

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.

17 May 2020 | 12:33 PM

#POLICY

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

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

16 May 2020 | 05:43 PM

#ECONOMY

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.

15 May 2020 | 07:09 PM