# corporate updates
Latest news group about corporate updates.
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
Barito Pacific Posts $619 Million Consolidated Revenue in Q1-2024
Barito Pacific reported consolidated revenue of $619 million in the first quarter of 2024, marking a 4.9 percent year-on-year declineBusiness May 1, 2024 | 11:35 am
Astra International to Distribute Rp 17.04 Trillion Dividend on May 30
Astra International will distribute dividends amounting to Rp 17.04 trillion ($1.04 billion) or around Rp 421 per share on May 30.Business May 1, 2024 | 11:16 am
PTPP Provides Progress Updates on Rp 11 Trillion Worth of Projects in New Capital
The National Axis Phase 1 is completed, while IKN toll road segment 3B and the presidential office building are nearly finished.Business Apr 25, 2024 | 10:35 am
Mitratel Reports 4 Percent Increase in Net Profit for Q1 2024
Dayamitra Telekomunikasi (Mitratel) reported a net profit of Rp 520.99 billion ($32 million) in the first quarter of 2024.Business Apr 22, 2024 | 2:13 pm
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