Djarum's E-Commerce Blibli to Acquire Majority Shares in Ranch Market Operator

At the current market price, the purchase of the shares could cost Blibli $135 million.

#CORPORATE NEWS

Indonesia Starts Construction of Southeast Asia’s First Electric Vehicle Battery Factory

The $1.1-billion factory is a joint venture between Indonesia's state-mining companies and South Korea’s LG consortium.

SEPTEMBER 15 #CORPORATE NEWS

Why Indonesia Abandons Dollar in Bilateral Trade

Bank Indonesia has agreed the so-called local currency settlement with Malaysia, Thailand, Japan and most recently China.

SEPTEMBER 09 #TRADE

Indonesia-China Bilateral Transactions Now Use Rupiah, Yuan

Bank Indonesia and its Chinese counterpart officially kicked off the implementation of the local currency settlement framework.

SEPTEMBER 06 #INTERNATIONAL

Family Businesses: The Curse of the Third Generation

Only 13 percent of family businesses in Indonesia can survive into the third generation

SEPTEMBER 03 #PEOPLE

Foreign Tourists to Indonesia Down 71.42 pct in Jan-Jul

Indonesia only attracted 937,747 foreign tourists from January to July 2021.

SEPTEMBER 01 #TRAVEL

Indonesia's Manufacturing Sector Contraction Eases in August

The IHS Markit Indonesia Manufacturing Purchasing Managers’ Index rose to 43.7 in August from 40.1 in July.

SEPTEMBER 01 #ECONOMY

VISION

Afghan Girls Keep Karate Dream Alive in Indonesian Dojo

Meena Asadi, a 28-year-old Afghan refugee and 2010 South Asian Games silver medalist, establish a dojo with 30 students.

#EYEWITNESS

Temasek Bags Adinata Award for Bolstering Indonesia-Singapore Ties

The Singaporean investment firm takes home the first ever Adinata award for strengthening Indonesia-Singapore relations.

AUGUST 26 #INTERNATIONAL

Gapki Gears Up to Prevent Forest Fires in S. Kalimantan

Gapki chairman Joko Supriyono also urges plantation companies to fight forest fires not only within, but also outside their concessions. 

AUGUST 26 #ENVIRONMENT

Majalah Investor Names These 15 Banks the Best of 2021

Major industry players such as Bank Rakyat Indonesia and Bank Central Asia have also joined the list of best banks of 2021.

AUGUST 25 #CORPORATE NEWS

First Pfizer Vaccine Delivery Arrives in Indonesia

The first batch contains 1.6 million doses, out of 50 million doses the country ordered from the American company.

AUGUST 19 #HEALTH

Jokowi Introduces Expansive 2022 Budget Bill, Promises Reform to Overcome Prolonged Pandemic, Uneven Global Recovery

President Joko "Jokowi" Widodo's 2020 budget bill comes with a $60 billion deficit, 4.85 percent of Indonesia's gross domestic product.

AUGUST 17 #ECONOMY

Garuda Introduces New Commissioners after Two Resignations

Yenny Wahid and Peter Gontha are no longer commissioners with the airline.

AUGUST 14 #CORPORATE NEWS

Jokowi Launches Simplified Business Licensing System to Boost Investment

Indonesia has launched a risk-based online single submission system for business licensing on Monday.

AUGUST 10 #ECONOMY

Bukalapak Soars in Market Debut

Bukalapak raised Rp 21.9 trillion ($1.5 billion) from selling 25 percent of its enlarged capital in an IPO that was oversubscribed 8.7 times

AUGUST 06 #CORPORATE NEWS

Bangkok Bank Boss Says Historic Permata Bank Acquisition Goes beyond Short-Term Gains

Bangkok Bank has been doing business in Indonesia since 1968 with three branches in Jakarta, Surabaya and Medan.

AUGUST 05 #CORPORATE NEWS

Bangkok Bank Seeks to Bridge More Thai Investments to Indonesia  

Indonesia’s agriculture and automotive industries are the areas that have captured the interests of Bangkok Bank's Thai clients.

AUGUST 05 #CORPORATE NEWS

Indonesia Begins Construction of SE Asia's Largest Solar Power Plant

Solar is now the cheapest renewable energy source but with massively untapped potential in the archipelago.

AUGUST 04 #ENVIRONMENT

Mustika Ratu Expands Export Market to Middle East, Russia

The expansion marks quite an extraordinary feat for Mustika Ratu considering that the global economy is still grappling with Covid-19.

AUGUST 04 #SPECIAL UPDATES

Offline to Online Transformation Catapults MPPA’s Sales

Matahari Putra Prima, Indonesia’s largest hypermarket operator, saw double-digit growth in its revenue in the second quarter of 2021.

AUGUST 04 #CORPORATE NEWS