Widodo Makmur Group Plots $277m IPO

Widodo Makmur Unggas, an integrated poultry company, mulls a plan to raise Rp 2 trillion, or $139 million, in October IPO.

13 July 2020 | 08:19 PM


As Money Printer Goes Brrr, The Onus Is Now on Bureaucrats to Spend

Jokowi has been lamenting how slow the ministries and state institutions spend the $48.6 billion stimulus package.

09 July 2020 | 10:26 AM


Moody's Downgrades Rating After Modernland Delays Bond Payment

Moody's said an upgrade of Modernland's ratings was unlikely.

08 July 2020 | 12:31 PM


Transjakarta, Bakrie Autoparts Trial Electric Buses on Busiest Route

The buses are imported from China, but Bakrie Autoparts claims they will start local production in three years.

07 July 2020 | 12:09 AM


Lion Air Lets Go of 2,600 Workers as Pandemic Pressure Intensified

The group decision came after rival Garuda Indonesia, the country's flag carrier, decided to lay off its pilots last month

06 July 2020 | 02:55 PM


Antitrust Body's Decision Against Grab Can Turn Away Foreign Investors: Attorney

Attorney Hotman Paris said that KPPU's decision lacks a clear legal basis and can turn away foreign investors.

04 July 2020 | 04:07 PM


Eastspring Paves Way for Indonesians to Invest in Alibaba, Tencent

Eastspring launched Eastspring Syariah Greater China Equity USD on June 15 to Standard Chartered Bank Customers.

04 July 2020 | 02:07 PM


Grab Seeks an Appeal Against Indonesia's Antitrust Decision

KPPU found Grab Indonesia and its car-rental partner guilty for discriminating against some independent drivers.

04 July 2020 | 03:18 AM


Air Travel Suffers Steepest Fall Due to Pandemic

International flights were particularly hit by the crisis because many countries had imposed lockdown.

01 July 2020 | 05:46 PM


Indonesia Welcomes $38b Factories Relocation From China to C. Java

President Joko "Jokowi" Widodo vows not to repeat last year's mistake that saw 33 companies choose neighboring countries over Indonesia. 

01 July 2020 | 01:16 PM