# corporate news

Latest news group about corporate news.

Fire Erupts at Freeport Indonesia's Smelter, No Casualties Reported

A fire broke out at Freeport Indonesia's smelter factory in East Java, accompanied by reports of two loud explosions.
Business Oct 14, 2024 | 9:34 pm

Chandra Asri Group Aims for 9% Water Reduction and 31.89% Emission Cut by 2030

Chandra Asri Group is targeting a 9% reduction in water usage and a 31.89% decrease in emissions by 2030.
Special Updates Oct 10, 2024 | 6:26 pm

Antam Acquires 30 Pct Stake in Tsingshan Group's Nickel Smelter for $102.5 Million

Antam, via Gag Nikel (PTGN), acquired a 30 percent stake in Tsingshan Group's Newton International Investment for $102.5 million
Business Oct 7, 2024 | 9:13 pm

OJK Opens Doors for Investment Managers to Establish Pension Funds

The Financial Services Authority (OJK) will soon allow investment managers to operate financial institution pension funds (DPLK.
Business Oct 4, 2024 | 10:51 pm

Lion Air Founder Rusdi Kirana Retires from Business to Focus on Parliament Role

Rusdi revealed that he has passed the management of his businesses to his children.
Business Oct 3, 2024 | 6:56 pm

Verona Indah Pictures Aims to Raise Over Rp 218 Billion in IPO

Verona Indah Pictures set the IPO price at Rp 195 per share, valuing the entire offering at approximately Rp 218.72 billion
Business Oct 1, 2024 | 2:06 pm

Royke Tumilaar: Fed’s Rate Cut Supports BNI’s Growth Strategy

BNI EO Royke Tumilaar said the recent FFR cut will support the bank’s efforts to drive economic growth in Indonesia.
Business Sep 30, 2024 | 9:42 pm

Startup Rey Raises $3.5M for AI-Powered Health Insurance Expansion

Rey has raised an additional $3.5 million in funding from new investors CyberAgent Capital, Arthazen Capital, and Gametraco Tunggal
Business Sep 30, 2024 | 5:07 pm

Delta Dunia's Australian Subsidiary Wins Meandu Mine Contract Extension Through 2026

BUMA Australia, a subsidiary of DOID, secured a contract extension worth AUD 200M annually for mining at Meandu Mine, Queensland, until June
Business Sep 26, 2024 | 3:42 pm

AION to Begin Local EV Assembly in Indonesia by Early 2025

AION is set to begin local assembly of its models in Indonesia starting in early 2025.
Business Sep 26, 2024 | 3:34 pm

Jokowi: Indonesia Still Negotiating for Additional 10 Pct Stake in Freeport Indonesia

President Joko "Jokowi" Widodo confirmed that Indonesia has not yet left the negotiation table to increase its stake at Freeport Indonesia
Business Sep 23, 2024 | 10:17 pm

President Jokowi Launches Freeport and Amman $5 Billion Copper Smelters as Tenure Nears End

President Jokowi inaugurated two copper smelters valued at Rp 77 trillion ($5 billion) from Amman and Freeport as his term ends.
Business Sep 23, 2024 | 6:11 pm

Tupperware Seeks Bankruptcy Protection, Struggles to Revitalize Business

Tupperware Brands, the company behind the iconic plastic containers, has filed for bankruptcy
Business Sep 19, 2024 | 10:24 am

Virgin Australia Becomes 1st Foreign Airline to Use Pertamina’s Sustainable Fuel

During the event, Pertamina supplied around 160 kiloliters of SAF to a Virgin Australia Boeing 737 plane for two days of flights.
Business Sep 19, 2024 | 1:50 am

Google Overturns €1.5 Billion EU Antitrust Fine in Digital Ad Case

Google successfully overturned a €1.49 billion European Union antitrust fine over its online advertising business.
Business Sep 18, 2024 | 3:32 pm

Jakarta-Based Game Studio Involved in AAA Games Under Fire for Alleged Abuse and Worker Exploitation

Brandoville Studios, with a branch in Hong Kong, has worked on AAA games like NBA 2K17, Spider-Man: Miles Morales, Dark Souls III, and more.
News Sep 15, 2024 | 3:50 pm

Quantum Gas Stove Manufacturer Declares Bankruptcy, Lays Off 511 Employees

Aditec Cakrawiyasa, the manufacturer of Quantum brand gas stoves and regulator hoses, has been officially declared bankrupt.
Business Sep 13, 2024 | 4:41 pm

MD Entertainment Plans $100 Million Acquisition of TV Network Net Visi Media

MD Entertainment (FILM), led by Manoj Punjabi, plans to acquire an 80.05% stake in Net Visi Media (NETV) for Rp 1.65 trillion
Business Sep 12, 2024 | 2:11 pm

Indodax Website Remains Offline for 24 Hours After Cyberattack

Indodax has been inaccessible for nearly 24 hours following a cyberattack on Wednesday, which compromised approximately $18.2 million
Tech Sep 12, 2024 | 11:50 am

PANI Executives Visit Nusantara to Monitor Investment Progress

Executives and shareholders of property giant Pantai Indah Kapuk Dua (PANI) visited several key construction sites in Nusantara Capital City
Business Sep 12, 2024 | 9:34 am
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