Companies

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Companies
Kejora Capital and SBI Holdings launched $30 million Orbit Fund
The joint-venture fund will focus on early-stage technology companies in Indonesia
MP
Marella Putri 10 hours ago . 2 min read
Companies
BRMS posted high double-digit earnings in 1Q-2020
The company recorded a net profit of $165,057, up 90% (YoY) from $86,650 last year.
MP
Marella Putri 1 day ago . 2 min read
Companies
Property and construction drove SSIA's 7% revenue increase in 1Q-2020
SSIA's construction sector contributes highest sales with Rp 652.1 billion, which grew 11.8%, while its property sector grew by 20% to Rp 86.9 billion.
MP
Marella Putri 2 days ago . 2 min read
Companies
Energi Mega Persada's net sales grew 51% in 1Q-2020
ENRG was able to score $79.66 million in its net sales thanks to higher gas production from its Bentu PSC blocks in Riau
MP
Marella Putri 2 days ago . 1 min read

Business

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Business
Indonesia's inflation edges down in May
Indonesia posted its lowest inflation in almost two decades last month as the COVID-19 outbreak continues to suppress demand.
EV
Elisa Valenta 2 days ago . 1 min read
Insights
Digital tax in Indonesia to be effective starting July
The Ministry of Finance has decided that 10% VAT will be imposed on digital products such as music streaming & film subscription, games, and online services coming from abroad - in order to create a level playing field to all business players.
MP
Marella Putri 2 weeks ago . 2 min read
Insights
World Bank approved $700 million of financing to help Indonesia fights against COVID-19 pandemic
The financing is divided into two projects, one for Indonesia's Social Assistance Reform Program and the other goes as COVID-19 Supplemental Financing for Indonesia's First Financial Sector Reform Development Policy Loan
MP
Marella Putri 2 weeks ago . 1 min read
Insights
Insurance Industry Hit-Hard in COVID-19 Pandemic
By Elisa ValentaLike other businesses, the insurance industry is vulnerable to the coronavirus pandemic and the slowdown in global economic
EC
Ester Christine Natalia 3 weeks ago . 1 min read