ON BUSINESS

#CORPORATE UPDATES

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.

29 May 2021 | 12:53 PM

#CORPORATE NEWS

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.

27 May 2021 | 10:40 AM

#ECONOMY

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.

25 May 2021 | 12:17 PM

#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.

20 May 2021 | 10:17 AM

#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.

19 May 2021 | 10:56 PM

#CORPORATE NEWS

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.

17 May 2021 | 04:00 PM

#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.

12 May 2021 | 01:07 PM

#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.

10 May 2021 | 06:50 PM

#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.

05 May 2021 | 09:25 AM

#ECONOMY

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. 

03 May 2021 | 01:30 PM