ON BUSINESS

#ECONOMY

Telcos Looking Strong Next Year, but Watch Out for Price War, Policy Risks: Report

The outlook for Indonesia's telecommunication sector is looking strong next year, but another price war and policy risks, triggered by the government's.

09 December 2016 | 11:21 PM

#ECONOMY

Matahari Opens 152nd Department Store in Ketapang

Matahari Department Store opened its 152nd store, located at the Citimall Ketapang shopping center in West Kalimantan, on Thursday (08/12).

09 December 2016 | 08:55 PM

#OPINION

Contraflow System in Place on Jakarta-Cikampek Toll Road Ahead of Long Weekend

Jasa Marga has implemented a contraflow system on part of the Jakarta-Cikampek toll road to reduce traffic congestion at the start of the long weekend.

09 December 2016 | 07:28 PM

#ECONOMY

Dicky Moechtar of Bolt! Named Indonesia's Most Admired Chief Executive

Dicky Moechtar, chief executive of mobile broadband provider Bolt!, received Indonesia Most Admired CEO Award 2016 on Thursday (08/12).

09 December 2016 | 07:13 PM

#ECONOMY

Indonesia High on Shopping List as Stronger Emerging Markets Expected in 2017

Franklin Templeton Investments stands by a rosy outlook for emerging markets next year with Indonesian assets remaining high on the fund's shopping list.

09 December 2016 | 06:32 PM

#ECONOMY

Lender BRI Provides Rp 2.5t Loans to Coal Miner PTBA

State controlled lender Bank Rakyat Indonesia provided Rp 2.5 trillion ($187 million) worth of loans to state-controlled coal miner Bukit Asam, known as PTBA, to help fund the miner’s capital expenditure next year, a director at BRI said on Thursday (08/12).

09 December 2016 | 02:39 PM

#ECONOMY

Harley Davidson Back in Business in Indonesia After Appointing Nusantara Moto as New Authorized Dealer

Harley-Davidson, a manufacturer and distributor of classic luxurious motorcycles, is back in business in Indonesia after appointing a new authorized dealer, Nusantara Moto International.

09 December 2016 | 01:13 PM

#POLICY

ECB Unexpectedly Cuts Asset Buys, Extends Until End 2017

The European Central Bank unexpectedly reduced its asset buys on Thursday (08/12) but reserved the right to increase purchases once again, a decision that may be seen as a concession to conservative euro zone members such as Germany.

09 December 2016 | 12:14 PM

#POLICY

Europe, US Trade Officials Lobby China on Food Safety Rule

European and US government and trade officials say they have been lobbying hard against a draft Chinese regulation on food imports, worried it would hamper billions of dollars of shipments to the world's No.2 economy of everything from pasta to coffee and biscuits.

09 December 2016 | 11:32 AM

#ECONOMY

Dyandra Sees Expansion, Assets Sale to Return to Profit in 2017

Dyandra Media International, a listed event organizer arm of Kompas Gramedia Group, one of Indonesia's largest media company, lays out plans to swing to profit next year on the back of overseas expansions, new line of business as well as selling some lands and hotels assets to reduce debt burden.

09 December 2016 | 11:02 AM