# corporate news

Latest news group about corporate news.

Paint Company Avian Books $53 Million Profit

Avian maintains a substantial presence across Indonesia with 114 distribution centers and 37 major distributors operated by partners.
Business Aug 2, 2023 | 6:25 pm

Cinema XXI Gets Listed on IDX after Raising Rp 2T from IPO

After the IPO, Cinema XXI now has 41,673 individual and institutional shareholders.
Business Aug 2, 2023 | 12:45 pm

BNI Spends Rp 5T Green Bond Proceeds on Sustainable Economic Programs

BNI has taken steps to calculate emissions when engaging with businesses in sectors such as plantation, mining, and commodities.
Business Aug 1, 2023 | 7:42 pm

Garuda Trials Biofuel Mix on B737 Engine

The static testing of the biofuel mix, known as Bioavtur J2.4, was carried out on July 26, using a CFM56-7B jet engine.
Tech Aug 1, 2023 | 4:11 pm

Adira Finance (ADMF) Records Rp 818B Net Profit in H1-2023

The company currently serves 1.8 million customers with loans amounting to around Rp 48 trillion a year.
Business Jul 31, 2023 | 2:59 pm

Lippo Karawaci Turns Loss into Rp 1 Trillion Profit in 1st Half of 2023

During the first half of last year, the real estate developer incurred a net loss of Rp 1.2 trillion.
Business Jul 31, 2023 | 12:03 pm

Bumi Resources Sees 1st Half Profit Fall by 51%

If consolidated with revenue from subsidiary Kaltim Prima Coal, Bumi’s gross revenue totaled $3.3 billion.
Business Jul 29, 2023 | 9:30 pm

Vale Indonesia Posts $168 Million First-Half Profit amid Acquisition Pressure

The amount is around $18 million more than the profit in the first half of last year.
Business Jul 28, 2023 | 2:50 pm

XL Axiata Reports Rp 650B Profit in 1st Half of 2023

XL Axiata has 58 million users across Indonesia, with the average revenue per user (ARPU) increasing from Rp 38,000 to Rp 41,000.
Business Jul 28, 2023 | 1:11 pm

HM Sampoerna Reports $250M Net Profit in 1st Half of 2023

Cigarette stocks enjoyed windfall gains in the first quarter of the year as major producers raised their prices almost simultaneously.
Business Jul 27, 2023 | 4:03 pm

GoTo Launches Digital Payment App GoPay

The app consumes only 25 megabytes of memory on Android-based cellphones, making it accessible to a wide range of users.
Tech Jul 26, 2023 | 4:16 pm

Sido Muncul Reports Rp 448B Profit in 1st Half of 2023

Sido Muncul is the owner of famous brands like flu relief syrup Tolak Angin and supplement drink Kuku Bima.
Business Jul 26, 2023 | 12:31 pm

Siloam Hospitals Achieves Remarkable 142.5% Rise in 1st Half Profit

During the same period, Siloam's revenue also rose by 19.1 percent year-on-year, amounting to Rp 4.09 trillion.
Business Jul 25, 2023 | 11:56 pm

BNI Reports 17% Surge in First-Half Profit

BNI has channeled Rp 650.8 trillion in credits to corporate and individual customers throughout the first half, up by 4.9 percent y-o-y.
Business Jul 25, 2023 | 11:07 pm

Inpex, Pertamina Ink Partnership Deal to Manage Masela Gas Block

The agreement between Inpex and Pertamina came after oil giant Shell gave up a 35 percent participating interest in the Abadi gas project.
Business Jul 25, 2023 | 7:43 pm

Shell Gives Up 35% Interest in Masela Block to Pertamina, Petronas for $650M

Japanese exploration firm INPEX Corporation currently holds a 65 percent operating interest in Masela Production Sharing Contract.
Business Jul 25, 2023 | 3:59 pm