# corporate news

Latest news group about corporate news.

Vietnam's Xanh SM Launches Electric Taxi Service in Jakarta, Eyes Bali Expansion

Vietnamese electric taxi service Xanh SM officially launched operations in Jakarta
Business Dec 21, 2024 | 8:47 pm

Sritex Furloughs 3,000 Employees After Bankruptcy Appeal Rejected

Sritex has furloughed 3,000 employees following the Supreme Court’s rejection of its bankruptcy appeal.
Business Dec 21, 2024 | 10:52 am

BNI Works with Creditors to Ensure Sritex’s Continuity After Bankruptcy Appeal Rejected

BNI pledged to help coordinate with other creditors to keep Sritex operational after the Supreme Court rejected its bankruptcy appeal.
Business Dec 20, 2024 | 9:23 pm

Japan's Shikoku Electric to Buy 25% Stake in Hero Global Investment

SEPI will purchase 1.6 billion shares from three major Hero shareholders at the IPO price, equivalent to 25 percent of the total shares.
Business Dec 20, 2024 | 10:56 am

Bakrie Group's Energi Mega Persada Eyes $12 Million Buyback Program

Energi Mega Persada (ENRG) plans a $12 million share buyback, set for approval at the Extraordinary General Meeting on Jan. 24, 2025.
Business Dec 19, 2024 | 3:20 pm

MR DIY’s Indonesian Unit Soars 7 Pct in Jakarta Debut After $272M IPO

Daya Intiguna Yasa, MR DIY’s Indonesian unit, surged 7% in its Jakarta debut, raising Rp 4.15 trillion ($272M) in its IPO.
Business Dec 19, 2024 | 10:37 am

Renewable Energy Firm Hero Global Investment Eyes Rp 299 Billion IPO

Hero Global Investment plans IPO offering 1.3B shares (20% equity) at Rp 200-230/share, aiming to raise up to Rp 299B ($18.58M).
Business Dec 18, 2024 | 2:02 pm

Nissan, Honda Confirm Talks on Closer Collaboration, Deny Merger Plans

Nissan and Honda confirmed talks on closer collaboration but denied reports of a merger decision, saying no decisions have been made.
Business Dec 18, 2024 | 12:54 pm

Unicorn Startup eFishery Suspends CEO and CPO Over Alleged Financial Mismanagement

eFishery's institutional investors include UAE's 42XFund, Switzerland's responsAbility, Singapore's Temasek, Japan's SoftBank, among others.
Business Dec 17, 2024 | 1:17 pm

PGEO and PEMA to Develop Aceh’s First Geothermal Power Plant

Pertamina Geothermal Energy (IDX: PGEO) is preparing to tap into an estimated 320 MW of geothermal energy potential in Aceh.
Business Dec 14, 2024 | 10:36 am

Daikin Opens $206 Million AC Factory in West Java, Targets Exports by 2027

Daikin Industries Indonesia (DIID) has completed its first full-scale air conditioner (AC) factory in Cikarang, West Java.
Business Dec 13, 2024 | 11:37 am

MR DIY's Indonesian Unit to Debut on IDX with $270 Million IPO

Malaysian home improvement retailer MR DIY is set to raise approximately Rp4.15 trillion through the IPO of its Indonesian unit.
Business Dec 12, 2024 | 11:12 am

Indonesia Awaits Apple's Formal Commitment for $1 Billion Investment

Indonesia is still waiting for Apple's formal $1B investment commitment. Gov't warns of restrictive policies if the company doesn't comply.
Business Dec 11, 2024 | 4:17 pm

XL Axiata Details Merger Plan with Smartfren

Axiata Investments also holds controlling interests in mobile operators in Malaysia, Sri Lanka, Bangladesh, and Cambodia.
Tech Dec 11, 2024 | 11:20 am

XL Axiata and Smartfren Announce $6.5B Merger to Form XLSmart Telekom

XL Axiata and Smartfren Telecom merge to form XLSmart, valued at Rp 104 trillion (US$ 6.5B)
Business Dec 11, 2024 | 11:07 am

TransJakarta Launches 200 New Electric Buses

The larger EV fleet is expected to cut maintenance costs by up to 10 percent and reduce fuel spending by about 20 percent.
Business Dec 10, 2024 | 9:29 pm

Pertamina Offers Fuel Discount to Help Airlines Cut Holiday Fares

The discount applies to three international airports -- Kualanamu in North Sumatra, I Gusti Ngurah Rai in Bali, and Juanda in Surabaya.
Business Dec 9, 2024 | 4:04 pm

Garuda, Citilink, and Pelita Air Ordered to Expand Fleet with Boeing Aircraft

SOEs Minister Erick Thohir directs Garuda, Citilink, and Pelita Air to expand fleets with more Boeing aircraft.
Business Dec 6, 2024 | 8:45 pm

Indonesian Gov’t Gives Apple One Week to Confirm Investment Commitment

The Indonesian government is seeking formal assurance in a written statement regarding Apple’s previously stated investment pledge.
Tech Dec 5, 2024 | 9:06 pm

Investment Minister Reveals Apple’s $1B Investment Commitment in Indonesia Amid iPhone 16 Sales Ban

Investment Minister Rosan Roeslani announced that Apple has committed to an initial investment of $1 billion in Indonesia
Business Dec 3, 2024 | 6:56 pm

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