Kopi Kenangan Pulls $109m in Series B Funding

Kopi Kenangan secured $109 million in its Series B funding led by current investor Sequoia Capital and joined by several new ones.

13 May 2020 | 02:25 PM


SOEs Raise $3.6b From Global Market Amid Pandemic

Demand for Indonesia's dollar-denominated bonds remains healthy.

13 May 2020 | 12:54 PM


House Passes Law Guaranteeing Jokowi's $27b Covid-19 Stimulus

Out of nine factions in the House, only the Prosperous Justice Party (PKS) refused to pass the bill into law.

12 May 2020 | 08:48 PM


Indonesia to Roll Out Relief Fund for Banks to Ease Impacts from Pandemic

The liquidity assistance will be channeled through the country's 15 largest banks.

12 May 2020 | 06:58 AM


More Capital Outflow in Q1 Than During 2008 and 2013 Crises

The coronavirus crisis has already had a bigger impact than the 2008 global financial crisis or the 2013 taper tantrum.

11 May 2020 | 08:39 PM


Most Businesses in Indonesia Can Only Survive Until June Under Coronavirus Restrictions

Large companies with good liquidity can last 3–4 months longer.

11 May 2020 | 05:04 PM


Bank Indonesia Reveals Six Monetary Policies to Keep Financial System Stable

The policy mix is meant to stabilize rupiah, control inflation, support financial system stability and prevent further economic decline.

11 May 2020 | 04:38 PM


China's Rockcheck Group, Rajawali Corpora Assist Health Workers on Coronavirus Frontline

Rockcheck Group and Rajawali Corpora have donated over a million masks and gloves to medical workers treating Covid-19 patients.

11 May 2020 | 01:31 PM


Not Lovin' It: Iconic First McDonald's Branch in Indonesia Closes for Good

The state-owned shopping center Sarinah in Central Jakarta, where the restaurant is located, will be turned into an Indonesia-themed mall.

08 May 2020 | 03:25 PM


Central Bank Confident Indonesia Will Dodge Recession

Bank Indonesia is confident Indonesia's economy would continue to grow in the second quarter.

06 May 2020 | 07:35 PM