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
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
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
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
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
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
The Covid-19 related health spending is equivalent to the budget to build 9,352 kilometers of roads.
APRIL 19 #ECONOMY
Indonesia posted a trade surplus of $1.56 billion in March, down from $1.99 billion a month earlier.
APRIL 15 #TRADE
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
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
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
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 is the latest coffee chain to compete in Indonesia's burgeoning beverage market.
APRIL 08 #CORPORATE NEWS
The agreements further underline a strategic tie that should be beneficial for stability in the Asia-Pacific region.
APRIL 08 #INTERNATIONAL
Tourism and Creative Economy Minister Sandiaga Uno advised young people aspiring to financial independence to invest in the stock market.
APRIL 07 #ECONOMY
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
The new recycling facility in Bekasi, West Java, will cut new plastic consumption by 25,000 tons annually.
APRIL 05 #ENVIRONMENT
