Garuda Makes Progress in Its $13.8b Debt Restructuring Process

The airline is currently in debt to the tune of Rp 198 trillion ($13.8 billion) and going through a restructuring process.

#CORPORATE NEWS

Air Products & Chemicals Breaks Ground for $2.3b DME Plant in S. Sumatra

Indonesia expected the project would help it cut its dependency on expensive fuel imports.  

JANUARY 24 #CORPORATE NEWS

Raw Material Exports Have Gone On Too Long: Jokowi

The EU has filed a lawsuit against Indonesia’s nickel ore export ban at the World Trade Organization.

JANUARY 17 #ECONOMY

Gov’t Extends Vehicle Luxury Tax Exemption for another Three Months

The 15 percent luxury tax on cars within the price range of Rp 200 million to Rp 250 million is reduced by half.

JANUARY 17 #ECONOMY

Time Has Come for Investment in Property

The property sector, particularly landed houses, will witness a speedy recovery in 2022, according to John Riady.

JANUARY 13 #ECONOMY

Gov’t Forms State-Owned Food Holding to Boost Supply Chain

The government projected that demand for staples will likely exceed its supply this year.

JANUARY 12 #ECONOMY

Indonesia Allows Some Coal Companies to Resume Export on Wednesday

The move could offer leeway for some of Indonesia's largest coal miners hit by a blanket export ban the government put in place on Jan 1.

JANUARY 11 #COMMODITY

VISION

No More Pushing: This Street Vendor Sells Vegetables on Electric Cart

The Pasar Keliling Bu Tarmi cart has now gone electric, thanks to the state-owned utility firm PLN.

#EYEWITNESS

PLN Coal Stockpile Fills Up Ahead Gov't Export Ban Review

The state utility company Perusahaan Listrik Negara, or PLN, has seen its coal stockpile increase by 7.5 million metric tons.

JANUARY 05 #COMMODITY

Hours Left for Creditors to Stake Claims in Garuda Indonesia's $9.8b Debt Revamp

Garuda Indonesia urges creditors to register their outstanding claims on the airline by 05:00 p.m. Jakarta time on Wednesday.

JANUARY 05 #CORPORATE NEWS

Gov’t Revenue Tops Rp 2,000 Trillion in FY 2021

The government spent Rp 2,786.8 trillion last year, resulting in a Rp 783.7 trillion deficit.

JANUARY 04 #ECONOMY

Indonesia's Manufacturing Sector Ends 2021 in Expansion Mode

Indonesia manufacturing companies have ended 2021 in an expansion mode, albeit at a slower pace due to further slow down in demand.

JANUARY 03 #ECONOMY

Indonesia Bans Coal Export as Widespread Blackout Risk Grows

The government has prohibited coal exports in January as insufficient supply at domestic power plants could result in widespread blackouts

JANUARY 02 #COMMODITY

Indonesia Needs to Prepare for RCEP: Think-Tank

Although Indonesia has yet to ratify RCEP, there are a number of things that the archipelagic country should work on.

DECEMBER 31 #ECONOMY

Krakatau Steel Repays Rp 2.7 Trillion of Debt

Krakatau Steel has repaid Rp 2.7 trillion of debt to Mandiri, BRI, and BNI.

DECEMBER 30 #CORPORATE NEWS

Kopi Kenangan Enters Unicorn Club with Its Latest $96m Series C Funding Round

The Series C funding was led by Tybourne Capital Management, with Horizons Ventures, Kunlun, and B Capital, among others.

DECEMBER 27 #CORPORATE NEWS

Multipolar Announces $122m Capital Raise Following A Strong Q3 Result

Multipolar said capital raise is part of the company's continuous effort to improve its financial position and return to profitability.

DECEMBER 21 #CORPORATE NEWS

Danone-Aqua Unveils Progress in Solar Energy Use

The company so far has added rooftop solar panels to four of its factories in Indonesia, namely in Ciherang, Klaten, Banyuwangi, Mekarsari.

DECEMBER 20 #ENVIRONMENT

Patimban Port Marks First Large-Scale Car Export Shipment 

The export shipment of 1,209 cars from Patimban Port means that the country now has an alternative to the congested Tanjung Priok Port.

DECEMBER 17 #ECONOMY

Hyundai’s Indonesian Plant to Build Electric Cars in March

Hyundai Indonesia managed to sell more than 500 units of Kona and Ioniq electric cars imported from South Korea year to date.

DECEMBER 16 #CORPORATE NEWS

E-Commerce Transaction Value to Hit $27.5b in 2021

That marks a 48.5 percent increase from last year’s e-commerce transaction value, which stood at Rp 266 trillion.

DECEMBER 13 #ECONOMY