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Jakarta Post
Companies

Boeing exploring sale of space business: Report

Boeing is exploring a possible sale of its space business as its new CEO seeks to improve the embattled company's financial position, the Wall Street Journal reported Friday.

17 hours ago
Companies

Nvidia overtakes Apple as world's most valuable company

In June, Nvidia briefly became the world's most valuable company before it was overtaken by Microsoft and Apple, with the tech trio's market capitalizations have been neck-and-neck for several months. ...

1 day ago
Companies premium

PLN to build region’s largest green hydrogen plant with Sembcorp

State-owned power company PLN says it will develop Southeast Asia’s largest green hydrogen production facility with the help of Singapore-owned Sembcorp Industries. ...

2 days ago

The Latest

Companies

APR brings sustainable fashion to JFW 2025 with designer, retailer collaborations

As part of the push toward a more sustainable fashion industry, Riau-based sustainable viscose rayon producer Asia Pacific Rayon (APR) has collaborated with some of Indonesia’s biggest names in fashion to promote fashion forward yet environmentally friendly styles at Jakarta Fashion Week (JFW) 2025.

2 days ago
Companies

Apple's Q3 China smartphone sales slip, Huawei's soar

Apple reached second place with a 15.6 percent market share, though down 0.5 percentage points year-on-year, while Huawei claimed third place with 15.3 percent, gaining 4.2 percentage points, showed data from researcher IDC on Friday.

2 days ago
Companies premium

Textile firm Sritex declared bankrupt

Publicly listed textile company PT Sri Rejeki Isman (Sritex) has been declared bankrupt.

2 days ago
Companies premium

Unilever Indonesia’s profit down 62% as sales slump

The local subsidiary of the consumer goods giant has attributed its profit slump to an 18 percent decline in third-quarter sales due to price instability affecting its distributors and reduced customer demand.

3 days ago
Companies

Tesla surprises with sales forecast and cost efficiency, shares jump

Tesla CEO Elon Musk said he expects vehicle sales to grow 20 percent to 30 percent next year, reassuring investors the company was improving its core business of selling electric vehicles profitably, and reducing concerns about when it could produce a robotaxi.

3 days ago
Companies

LG unveils its newest locally produced innovation for Indonesia’s households

LG introduces the new collection bottom freezer refrigerators offer style, convenience and efficiency to fit your kitchen décor and busy lifestyle.

3 days ago
Companies premium

Use of iPhone 16 illegal in Indonesia, minister says

Minister Agus has cautioned against local consumers heading overseas to get their hands on Apple's latest device, underlining that the device cannot be used legally in the country since it did not have IMEI certification.

4 days ago
Companies

S&P Global rates GoTo’s ESG scores higher than Grab, Sea Group

International rating agency S&P Global Ratings has given a fairly high environmental, social, and governance (ESG) rating score for Indonesian technology group PT GoTo Gojek Tokopedia Tbk (GOTO).

4 days ago
Companies

Shell says no impact to operations after oil leak in Bukom, Singapore

"We estimate that approximately 30-40 metric tonnes of slop, which is a mixture of oil and water, was leaked into the sea," the company said in a statement, adding that it was working with all relevant authorities to manage the clean-up effort.

5 days ago
Companies

Boeing and workers reach tentative deal to end strike

Boeing and its striking Seattle-area workers have reached a tentative deal to end a more than month-long stoppage, the union said Saturday.

1 week ago
Companies

Boeing offers 35% pay hike over four years to end machinists' strike

A union representing striking machinists at Boeing said Saturday that members will vote Wednesday on a new contract deal that includes a 35 percent pay hike over four years that could end a more than month-old strike.

1 week ago
Companies premium

IBC forms $1.2b joint battery venture with China’s CATL

State-owned Indonesia Battery Corporation (IBC) has announced a joint venture with a subsidiary of China’s Contemporary Amperex Technology Co. Ltd. (CATL) to invest US$1.2 billion in a battery factory.

1 week ago
Companies

GoTo Engineering Bootcamp, nurturing Indonesia’s tech leaders to drive innovation

GoTo, Indonesia’s leading digital ecosystem, recently hosted its 2024 GoTo Engineering Bootcamp, equipping 43 newly graduated tech engineers with essential industry skills.

1 week ago
Companies premium

Nightclub operator Holywings gears up for Asia expansion, IPO

The company declined to disclose the target size for the listing but revealed that its current valuation was around US$300 million, a significant increase from the $150,000 the founders initially invested a decade ago.

1 week ago
Companies

Taiwan's TSMC posts sharp rise in third quarter net profit

The United States and some European countries have blocked exports of high-tech chip technology to China over fears of military use.

1 week ago
Companies premium

Accelerating air transportation recovery: Challenges and opportunities

One of the primary barriers to accelerating the recovery of domestic air transportation is the limited number of aircraft available for domestic routes.

1 week ago
Companies premium

Investors flock to build golf courses in Nusantara, minister says

According to the investment minister, private developers have signed on to build golf courses along with other entertainment facilities in the country's future capital, while hospitals and international schools have broken ground this month.

1 week ago
Companies premium

Freeport halts production at new copper smelter after fire

PT Freeport Indonesia’s multibillion-dollar smelter in Gresik, East Java, was only inaugurated by President Joko “Jokowi” Widodo last month.

1 week ago
Companies premium

PLN eyes 60% private role in renewable developments

Darmawan said that the company would ensure a fair return on investment, while also stressing that all risk must be identified and managed effectively.

1 week ago
Companies

AZEC Leaders’ Meeting seeks to accelerate action for clean energy future

The second Asia Zero Emission Community (AZEC) Leaders' Meeting was successfully held in Vientiane on Oct. 11, bringing together the leaders of Australia, Brunei Darussalam, Cambodia, Indonesia, Japan, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam.

1 week ago
Companies

Singapore halts Allianz bid to buy majority stake in local insurer

Allianz announced in July a "pre-conditional voluntary cash general offer" to buy at least 51 percent of Singapore's Income Insurance, subject to regulatory approval.

1 week ago
Companies premium

Indonesian yogurt chain Sour Sally swirls into UAE, Saudi Arabia

Sour Sally CEO Donny Pramono says the franchise fee for UAE and Saudi Arabia is quite significant, around US$1 million, excluding royalties and other costs.

1 week ago
Executive Column premium

Digibank ‘marathon’ has only just begun, Superbank says

Tigor Siahaan, president director of Superbank, shares his views on Indonesia’s digital banking landscape, the firm’s upcoming feature rollouts and his experience building a new bank.

1 week ago
Companies premium

BTN wants to halve subsidized mortgage tenures, says borrowers can repay faster

State-owned lender said most borrowers are able to repay their mortgages within a decade.

2 weeks ago
Companies

TikTok slashes hundreds of jobs in AI shift

A TikTok spokesperson said that the job cuts were part of an effort to boost content moderation.

2 weeks ago
Companies premium

A retailer bets on booming growth in smaller cities with bold expansion

MR.DIY, which entered Indonesia in 2017, has opened more than 850 stores in the country, focusing on satellite cities of Jakarta and towns across the country, where it is often the pioneering national retailer.

2 weeks ago
Companies

We need to chat about business messaging: Five success factors from RI’s industry leaders

According to a Meta-commissioned Kantar online survey, 87 percent of Indonesians agree that messaging is their preferred way of communicating with a business and 88 percent message with a business at least one a week.

2 weeks ago

Today's ePost

Sat, October 26, 2024

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