Tag: #business & investment

Business
Finance Ministry and Bank Indonesia agreed on $40 billion burden-sharing scheme
The central bank will bear a large chunk of state debt loads through a “burden-sharing” scheme worth Rp574.59 trillion (US$ 40 billion).
EV
Elisa Valenta 2 days ago . 2 min read
Companies
Alibaba Cloud, Medico.id, and doctorSHARE Collaborate to Provide Accessible Healthcare Information
The three companies aim to provide rural residents in Indonesia with access to healthcare information especially related to the COVID-19 pandemic, for free to patients visiting doctorSHARE's Nusa Waluya II Floating Hospital.
MP
Marella Putri 3 days ago . 1 min read
Technology
Fintech Startup Payfazz Bagged $53 million Series B
Led by B Capital and Insignia Ventures Partners, the new fund will support Payfazz in strengthening its network in Indonesia’s rural economy and exploring opportunities in expanding across Southeast Asia.
MP
Marella Putri 4 days ago . 1 min read
Companies
TLKM Booked 3.8% Quarterly Sales Growth Driven By Higher Data Traffic
Since the COVID-19 outbreak started, people stayed home as part of broader shutdowns to protect people from the novel coronavirus.
RY
Robert Yota 4 days ago . 2 min read
Travel
Indonesia's Tourist Arrival Picked Up in May
Annually, the tourist arrival number plunged 86.9% from the same period previous year.
EV
Elisa Valenta 5 days ago . 1 min read
Technology
Beauty-tech Social Bella Raised $58 million Series E
Securing a large amount of funding amid the pandemic shows investors’ trust in Social Bella in becoming a prominent player in Indonesia’s $8.5 billion beauty and personal care market.
MP
Marella Putri 5 days ago . 1 min read
Companies
LPKR Booked 8.5% Sales Growth Yet Suffered Massive Currency Loss
Publicly listed integrated property company PT Lippo Karawaci (LPKR) booked revenue growth in 1Q-2020, mainly driven by sales growth in the company’s property and healthcare segments.
RY
Robert Yota 1 week ago . 1 min read
Insights
Indonesia's Inflation Rate Hit the Lowest Since May 2000
However, analyst expects an uptick in core inflation in upcoming months, as the government gradually eases the virus containment measures and Bank Indonesia continues its expansionary stance
MP
Marella Putri 1 week ago . 1 min read
Companies
Pertamina’s Insurance Subsidiary Recorded 145% Net Profit Growth
Last year Tugu Insurance has generated Rp 6.4 trillion in revenue, up from Rp 5.1 trillion in 2018.
EV
Elisa Valenta 1 week ago . 1 min read
Companies
Garudafood Enjoys Double-digit Earnings Growth in 1Q-2020
Publicly-listed food producer PT Garudafood Putra Putri Jaya (GOOD) has booked positive earnings in 1Q-2020 driven by effective cost-cutting and efficiency measures.
RY
Robert Yota 2 weeks ago . 1 min read
Companies
East Ventures Announced First Close of Latest Seed Fund
The fund aims to raise a total of $88 million to help Southeast Asian digital companies emerging in the post-lockdown aftermath of the COVID-19 pandemic.
MP
Marella Putri 2 weeks ago . 2 min read
Companies
BRI Ventures Launched New Venture Fund Sembrani Nusantara
It is aiming at Rp 300 billion first close, focusing on backing local tech startups in education, agro-maritime, retail, transportation, and healthcare sectors.
MP
Marella Putri 2 weeks ago . 2 min read
Companies
Inalum to Buy PT Vale Indonesia
The transaction, expected to close by the end of this year, is in line with Indonesia's moves to gain greater control of local mining operations.
MP
Marella Putri 2 weeks ago . 1 min read
Technology
IDN Media Launched OOH Media Platform IDN Programmatic Out-of-Home
IDN POOH aims to solve the challenges found on traditional OOH advertising
MP
Marella Putri 2 weeks ago . 1 min read
Technology
Digital Grocery
Amid the coronavirus pandemic, online grocery platform TaniHub aims a robust sales growth.
MP
Marella Putri 2 weeks ago . 5 min read