# corporate updates
Latest news group about corporate updates.
Hery Gunardi Takes Helm at BRI
State lender Bank Rakyat Indonesia (BRI) appointed Hery Gunardi as its new president director, replacing Sunarso.Business Mar 24, 2025 | 8:31 pm
Bank BJB Denies Its Boss Yuddy Renaldi Resigns Due to Corruption
Bank BJB denies that Yuddy Renaldi's resignation has anything to do with KPK's ongoing probe into the company's ad placements.Business Mar 5, 2025 | 1:49 pm
NOBU Shares Plunge 25% After Hanwha Life Acquisition Announcement
South Korea's Hanwha Life Insurance Co Ltd is set to acquire a 40 percent stake in Indonesia's Bank Nationalnobu (NOBU).Business Jan 31, 2025 | 5:21 pm
Axiata, Sinar Mas Ink LoI on XLSmart $6.5 Billion Merger
The XLSmart merger is expected to close within the first half of 2025, Axiata Group says after signing a letter of intent with Sinar Mas.Tech Jan 28, 2025 | 10:52 am
Merdeka Battery Materials Boss Devin Antonio Ridwan Resigns
Merdeka Battery Materials (IDX: MBMA) recently announced that its president-director Devin Antonio Ridwan had resigned.Business Nov 13, 2024 | 10:39 am
Conversational AI Firm Gupshup Appoints Trisnia Anchali Kardia as Country Head for Indonesia
Gupshup is targeting Indonesia as a key market to leverage the rapid growth of the conversational commerce industry.Business Nov 11, 2024 | 10:56 pm
Lotte Chemical’s $3.9 Billion Cilegon Plant to Begin Production in March
The project, which previously got delayed due to overlapping land issues, is nearing completion.Business Sep 12, 2024 | 11:34 am
Gov’t Congratulates The Jakarta Globe on Relaunch
The Jakarta Globe’s relaunch earned congratulatory wishes from senior government officials and diplomats.News Aug 26, 2024 | 2:14 pm
Pantai Indah Kapuk Dua Raises Rp 6.5 Trillion to Fund Expansion
Pantai Indah Kapuk Dua is concluding two rounds of private placements in August 2024, aiming to raise a total of Rp 6.5 trillionBusiness Aug 21, 2024 | 11:53 am
BSI Shares Drop Nearly 4 Pct Following Muhammadiyah's Fund Reallocation
Muhammadiyah reallocates funds from Bank Syariah Indonesia (BSI) to minimize risks and promote fair competition in the Sharia banking sectorBusiness Jun 6, 2024 | 2:05 pm
Freeport Indonesia's Copper Export Permit Extended as Smelter Nears Completion
Trade Minister Zulkifli Hasan has announced the extension of the export permit for copper concentrate from Freeport Indonesia (PTFI)Business May 31, 2024 | 3:11 pm
BREN Correction Drives IDX Below 7000 Level
The IDX plunged, dropping 43.88 points (0.62 percent) to fall below the 7000 level within the first hour of trading on Friday.Business May 31, 2024 | 10:43 am
10 Companies Win 2024 Sharia Economy Awards
Some of the winners include the Indonesian Export Financing Agency (LPEI) and Elnusa.Business May 28, 2024 | 11:37 am
Adaro Shifts Focus to Green Energy, Allocates $300 Million for Renewable Energy Business
Adaro Energy Indonesia (ADRO), a coal-focused company, has allocated $300 million for the development of renewable energy business lines.Business May 16, 2024 | 11:32 am
Adaro Approves $400 Million Dividend Payout and Rp 4 Trillion Share Buyback
Adaro Energy Indonesia (ADRO) shareholders have approved a US$400 million dividend payout and a Rp 4 trillion share buyback.Business May 15, 2024 | 4:40 pm
Yadea's $150 Million Electric Motorcycle Factory to Produce 3 Million Units Annually
The Yadea Technology Indonesia factory will have a production capacity of 3 million electric motorcycles per year.Business May 14, 2024 | 12:39 pm
Astra International's Stock Hit Hard by Sharp Decline in Car Sales
Astra International's (ASII) shares plummeted to their lowest level in the past year due to declining car sales.Business May 14, 2024 | 10:19 am
Bata Shoe Factory Shuts Down After 30 Years, Jokowi Reassures Economic Resilience
Footwear company Sepatu Bata announced the closure of its factory in Purwakarta after 30 years of operationBusiness May 7, 2024 | 12:16 pm
Lippo Cikarang's Pre-Sales Reach Rp 325 Billion in Q1 2024
Lippo Cikarang reported pre-sales totaling Rp325 billion ($20.18 million) in the first quarter of 2024.Business May 3, 2024 | 10:32 am
Danone Indonesia Wins 3 Awards at 2024 Global CSR & ESG Summit
The awards that Danone Indonesia won include Best Workplace Practice (Gold) and Product Excellence Award (Platinum).Special Updates May 2, 2024 | 3:52 pm
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