Latest news with #NANASHIBATA
Nikkei Asia
17 hours ago
- Business
- Nikkei Asia
Jetstar Asia's closure highlights ASEAN's fierce LCC wars
NANA SHIBATA and NORMAN GOH JAKARTA/KUALA LUMPUR -- After operating for more than 20 years, Singapore-based budget airline Jetstar Asia announced its closure, citing increased competition and rising costs. The shutdown of Jetstar Asia, a subsidiary of Australia's flag carrier Qantas, highlights the difficulties that low-cost carriers (LCCs) face in Southeast Asia. Although the region's low-cost carrier market is expected to continue growing, operators are being forced to accept lower profit margins, with analysts predicting stiffer competition this year amid rising cost concerns.
Nikkei Asia
21-05-2025
- Business
- Nikkei Asia
Indonesian central bank cuts policy rate to 5.5% as rupiah stabilizes
Markets Central bank lowers its benchmark by 25 basis points in first cut since January Bundles of rupiah notes: The Indonesian central bank's rate-cut decision comes as the country's currency rebounds from an all-time low in the forex market. © Reuters NANA SHIBATA JAKARTA -- Indonesia's central bank announced a cut to its policy rate on Wednesday, amid recent interventions to stabilize the rupiah and support economic growth. Bank Indonesia cut its benchmark seven-day reverse repo rate by 25 basis points to 5.5%, the first rate cut since January this year.
