Hong Kong to Ban All Flights From Indonesia on Friday

Hong Kong has announced a ban on all flights, including transit, from Indonesia, which would be in effect on June 25.

#HEALTH

Gov't Asks REI to Chip In for New Capital Project in E. Kalimantan

The government has appointed Real Estate Indonesia to help develop the country's new capital in East Kalimantan.

JUNE 20 #CORPORATE NEWS

Gov’t Urged to Step Up Palm Oil Negotiations with EU

The WTO has recently accepted Malaysia’s request for the creation of a dispute panel with Indonesia joining as a third party.

JUNE 18 #COMMODITY

Indonesia Improves in World Competitiveness Ranking

Still, the country lags behind its Southeast Asian peers, which showed progress in business or government efficiency and infrastructure.

JUNE 17 #ECONOMY

Pricing Formula, Vessel Ownership Among Competition Hurdles in Logistics Sector

Indonesia’s logistics sector is still facing various competition hurdles such as pricing regulations and obligatory vessel ownership.

JUNE 12 #ECONOMY

Seven Lenders Are Transforming Into Digital Banks, Heating Up Competition

Seven small-sized lenders have notified the authorities of their plan to become digital banks.

JUNE 11 #CORPORATE NEWS

Foods Thrown Away in Indonesia Are Enough to Solve Its Malnourishment Problem

Indonesia throws away around 23 to 48 million metric tons of food every year, enough to feed its 24 million people who suffered from hunger.

JUNE 09 #COMMODITY

VISION

Chicken Swap: W. Java District Offers Unique Vaccination Deal to Reluctant Elderly

Officials in a West Java subdistrict turns to an uncommon tactic by offering a live chicken in exchange for a Covid-19 immunization shot.

#EYEWITNESS

Waskita, CCCC Pen Master Agreement on Development Cooperation

Waskita Karya and China Communications Construction Company (CCCC) pen a master agreement for infrastructure projects in Indonesia

JUNE 07 #CORPORATE NEWS

Peter Sondakh's Gold Miner Seeks to Raise $279m in June IPO

Archi Indonesia has unveiled its plan to raise $279 million from an initial public offering this month.

JUNE 01 #CORPORATE NEWS

Coca-Cola Announces New Loyalty App for B2B Customers

The KlikToko app enables the B2B partners to collect points and earn rewards for distributing Coca-Cola products.

MAY 29 #CORPORATE UPDATES

Merdeka Copper to Build a New Plant with China's Tsingshan, Plans Shares Buyback

Merdeka Copper Gold, a listed gold and copper miner, has earmarked $290 million to construct an AIM plant with the Eternal Tsingshan Group.

MAY 27 #CORPORATE NEWS

Gov't to Increase Top Earner's Income Tax to 35%

The government has proposed a plan to add a new income tax bracket imposing a 35 percent tax rate on any annual income above $348,000.

MAY 25 #ECONOMY

Jokowi Seeks the House's Approval for 2nd Tax Amnesty Program

President Joko "Jokowi" Widodo has notified the House of Representatives about his intent to introduce another tax amnesty program.

MAY 20 #ECONOMY

Bring Tech to Agriculture, MSMEs for Economic Growth: McKinsey

McKinsey estimated adopting modern agricultural technology could spur up to $6.6 billion a year in additional economic output.

MAY 19 #ECONOMY

Gojek, Tokopedia Create GoTo in a Landmark Merger Deal

Indonesian digital services company Gojek and Tokopedia have unveiled on Monday a merger deal creating a new $18-billion entity.

MAY 17 #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.

MAY 12 #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