Egypt's Elsewedy Takes Over Indonesian Company Selling $60m Worth of Transformers a Year

Elsewedy Electric, a multinational Egyptian electric company, has acquired local power transformer maker CG Power Systems Indonesia.

#CORPORATE NEWS

Telkomsel Doubles Down on Gojek Bet

Telkomsel has tripled its investment in Gojek Indonesia with a $300 million capital injection on Monday, bringing the total to $450 million.

MAY 10 #CORPORATE NEWS

Super Air Jet Sets Up Wider Post-Pandemic Moat for Rusdi Kirana's Empire

The new airline blocks aspiring entrants to the market by gobling up supplies of 2nd hand jets now available at bargain-basement prices.

MAY 05 #CORPORATE NEWS

Inflation Picks Up to Fastest Pace in Three Months Ahead of Idul Fitri

Demand for foods and clothes during the Islamic fasting month of Ramadan picked up and drove up the commodities' prices. 

MAY 03 #ECONOMY

MPPA Plans $55.4m Rights Issue This Year

The proceeds from a pre-emptive rights issuance would support the company's expansion. 

APRIL 30 #CORPORATE NEWS

Mother of Spices: Indonesia Eyes to Boost Spice Export to the EU

Indonesia eyes to boost their spice exports, particularly to the EU, with the new Sustainable Spices Initiative Indonesia.

APRIL 30 #INTERNATIONAL

FDI Make a Smashing Return to Indonesia

Inflows to metal, electric vehicles, and the food and beverage industries reflect a growing appetite and trust in Indonesia.

APRIL 27 #ECONOMY

VISION

Idul Fitri at Sunda Kelapa Port

Jakartans who live in North Jakarta gathered in Al-Bahrain Mosque inside Batavia's Sunda Kelapa Port on Thursday morning

#EYEWITNESS

Idul Fitri at Sunda Kelapa Port

Jakartans who live in North Jakarta gathered in Al-Bahrain Mosque inside Batavia's Sunda Kelapa Port on Thursday morning

May 13 #EYEWITNESS

Banks Need to Step Up as BI Runs Out Options to Spur Recovery

Bank Indonesia, the country's central bank, kept the policy rate on hold at 3.5 percent for the second straight month.

APRIL 21 #ECONOMY

Net-Zero Emission Can Help Indonesia Escape Middle Income Trap: Bappenas

Bappenas projects a net-zero scenario would increase Indonesia's income per capita by up to 2.5 times higher than business as usual.

APRIL 21 #ENVIRONMENT

Finance Minister Offers Insight into Massive Covid Relief Funds

The Covid-19 related health spending is equivalent to the budget to build 9,352 kilometers of roads.

APRIL 19 #ECONOMY

Narrowest Trade Surplus in 10 Months Points to Recovering Demand

Indonesia posted a trade surplus of $1.56 billion in March, down from $1.99 billion a month earlier. 

APRIL 15 #TRADE

Astra Agro's Net Profit Soars 294.6 pct in 2020

Palm oil producer Astra Agro Lestari's net profit soared 294.6 percent to Rp 833.1 billion ($57 million) in the pandemic-struck 2020.

APRIL 14 #COMMODITY

Mandiri Raises $300m From Its First Green Bonds

The bonds attracted 8.3 times more bids than the planned size, reflecting high investor demand and confidence in the securities.

APRIL 14 #CORPORATE NEWS

APR Secures $300m Syndicated Loan to Expand Production Capacity 

According to APR director Basrie Kamba, the company will use the fundings to support continued investment in their operations at Kerinci.

APRIL 09 #SPECIAL UPDATES

Huawei Indonesia CEO: Leave No One Behind in Fully Connected Indonesia

For more than 20 years, Huawei Indonesia has been instrumental in bringing connectivity to most of the Indonesian population.

APRIL 09 #CORPORATE NEWS

Flash Coffee Eyes Indonesia, Asia Expansion Following $15m Series A Funding

Flash Coffee is the latest coffee chain to compete in Indonesia's burgeoning beverage market.

APRIL 08 #CORPORATE NEWS

Indonesia Seeks More Investments, Agricultural Trade With UK

The agreements further underline a strategic tie that should be beneficial for stability in the Asia-Pacific region. 

APRIL 08 #INTERNATIONAL

Invest Long-Term in Equities to Benefit From Indonesia's Economic Boom: Sandiaga Uno

Tourism and Creative Economy Minister Sandiaga Uno advised young people aspiring to financial independence to invest in the stock market.

APRIL 07 #ECONOMY

IMF Cuts Indonesia Growth Projection Amid Global Upgrades

The fund lowered its growth projection for Indonesia to 4.3 percent this year from January's 4.8 percent, due to Covid-19 concerns.

APRIL 07 #ECONOMY

Coca-Cola Amatil's New Recycling Plant to Slash Virgin Plastic Use

The new recycling facility in Bekasi, West Java, will cut new plastic consumption by 25,000 tons annually.

APRIL 05 #ENVIRONMENT