Tag: #companies

Insights
Road to Recovery
COVID-19 has severely impacted Indonesia's hospitality segment in the first half of 2020. With the relaxation of social distancing protocols, what's the next step for hotels?
RY
Robert Yota 2 weeks ago . 7 min read
Technology
Golden Opportunity
Ivan Lingga expands his family jewelry business with Whizliz.
MP
Marella Putri 2 weeks ago . 5 min read
Companies
Pefindo: Favorable Ratings
Rating agency Pemeringkat Efek Indonesia (Pefindo) has successfully gained the domestic market’s trust and broke the Big Three’s domination.
EV
Elisa Valenta 2 weeks ago . 4 min read
Companies
Another Man's Treasures
Inocycle is making a big business from recycling PET waste.
RY
Robert Yota 3 weeks ago . 5 min read
Companies
Thriving in Tough Times
PT Industri Jamu dan Farmasi Sido Muncul (SIDO) managed to remain profitable and even grow despite the industry’s difficult conditions.
MP
Marella Putri 1 month ago . 8 min read
Entrepreneurs
Taste of Passion
In the current difficult times, Sour Sally Group’s Donny Pramono is building an affordable franchise model for F&B entrepreneurs.
MP
Marella Putri 1 month ago . 6 min read
Companies
Best of the Best: Wahana Ottomitra Multiartha
With the current economic conditions, WOM Finance has adjusted its financial target for this year.
EV
Elisa Valenta 1 month ago . 2 min read
Companies
Best of the Best: Metrodata Electronics
Towards the end of 2019, then communications and information minister Rudiantara stated that the country's spending on ICT accounted for
RY
Robert Yota 1 month ago . 6 min read
Companies
Best of the Best: Siantar Top
In 2019, Siantar Top saw its net income soar 89% to Rp 482.6 billion. The company was also able to book an 11.75% growth in net income during the first semester of 2020, and is confident to achieve 10% of growth this year despite the pandemic.
MP
Marella Putri 1 month ago . 5 min read
Companies
Best of the Best: Sarana Menara Nusantara
While many sectors are severely affected by the pandemic, Sarana Menara Nusantara booked its most significant quarterly revenue growth in recent years. In the time of physical distancing measure, the telecommunications sector still has a strong demand.
EV
Elisa Valenta 1 month ago . 5 min read
Technology
Movie on the Go
Gojek bid on the OTT business with its GoPlay, yet CEO Edy Sulistyo also sees it as a momentum to revive the Indonesian movie industry.
MP
Marella Putri 2 months ago . 7 min read
Companies
MAP Covered Losses from Mall Closures with Online Sales
During the first half of 2020, MAP online sales grew almost 400%, from retailers, supermarket, and F&B brands.
MP
Marella Putri 2 months ago . 1 min read
Companies
AKR Corporindo Maintained Growth Momentum in H1-2020
The falling of crude oil price and the COVID-19 pandemic didn’t have much impact on PT AKR Corporindo which booked a 10.44% YoY increase in net profit.
MP
Marella Putri 2 months ago . 1 min read
Companies
The Business Connector
GudangAda aims to bridge the technology gap across Indonesia's FMCG supply chain by digitizing transactions between traders.
RY
Robert Yota 2 months ago . 5 min read
Companies
Traveloka Raised $250 Million to Rise Stronger Post-COVID-19
The capital will strengthen Traveloka’s balance sheet and boost efforts to deepen Traveloka’s offerings in select priority areas, including building a more robust and integrated travel & lifestyle portfolio in key markets.
MP
Marella Putri 2 months ago . 2 min read
Companies
Molding Momentum
Glove molding producer Mark Dynamics has capitalized from the surging demand for medical gloves.
RY
Robert Yota 2 months ago . 4 min read
Companies
Global Bond Issuance Boost Mandiri Sekuritas' Growth
Covid-19 pandemic pushes demand for global bond issuance as companies and governments rush to issue debt to ease the pandemic's effects. 
EV
Elisa Valenta 2 months ago . 1 min read
Entrepreneurs
Beyond Beauty
ZAP Clinic pivots to mother and child healthcare to dodge the impact of COVID-19 pandemic.
MP
Marella Putri 2 months ago . 5 min read
Companies
Indogen Capital and Striders Corporation Announced Partnership
The partnership is expected to enable both parties to identify potential investment, assist startup expansion with each other’s strong network, and encourage technology transfer.
MP
Marella Putri 2 months ago . 2 min read
Business
Bio Farma to Develop Covid-19 Vaccine Trial
The company was ready to launch a Phase III clinical trial before the officials authorize its widespread usage.
EV
Elisa Valenta 2 months ago . 1 min read
Business
Investors as the Missing Puzzle Piece in the Ocean Plastic Crisis
A recent study from Ocean Conservancy has indicated that we could reduce 45% of global ocean plastic pollution by simply improving waste management and recycling in five South and Southeast Asian countries.
CS
Columnist Section 2 months ago . 3 min read
Business
Painting by Numbers
After two decades of growing Avian Brands business, Hermanto Tanoko is building his own business venture in bottled drinking water and more.
EV
Elisa Valenta 3 months ago . 8 min read
Companies
Following Strong Results in June, Indocement Expects To Regain Momentum
Publicly listed cement producer PT Indocement Tunggal Prakarsa (INTP) has managed to record strong sales figures in June after initially
RY
Robert Yota 3 months ago . 2 min read
Technology
Mapping Opportunities
Bvarta’s location intelligence service helps companies to better navigate business.
MP
Marella Putri 3 months ago . 6 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 months 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 3 months ago . 2 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 3 months 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 3 months 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 3 months 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 3 months 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 3 months 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 3 months 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 3 months ago . 1 min read
Technology
Digital Grocery
Amid the coronavirus pandemic, online grocery platform TaniHub aims a robust sales growth.
MP
Marella Putri 3 months ago . 5 min read
Companies
Expanding Coverage
State-owned pharmaceutical Indofarma is expanding its business to medical equipment to batle the pandemic.
EV
Elisa Valenta 4 months ago . 2 min read
Companies
Gojek Xcelerate's Fourth Batch Announced 11 Startups
The fourth batch of Gojek Xcelerate focuses on startups providing Direct-to-Consumer business model.
MP
Marella Putri 4 months ago . 1 min read
Companies
MMP Teams Up for Indonesia-focused Logistics Property Venture
Mega Manunggal Property teams up with Alpha Investment Partners and Asuransi Jiwa Manulife Indonesia to set up an Indonesia-focused logistic property venture, with a $200 million initial target size.
MP
Marella Putri 4 months ago . 1 min read
Companies
TPMA Posted 28% Revenue Growth In 1Q-2020 Propelled By Tug & Barge Services
Transhipment company PT Trans Power Marine (TPMA) booked double-digit revenue growth in the first quarter of 2020, mainly driven by its tug & barge fleet.
RY
Robert Yota 4 months ago . 1 min read
Companies
South Korean Bank to Seize Control in Bank Bukopin
KB Kookmin Bank is currently awaiting approval from banking regulations in Jakarta and Seoul for proceeding with the acquisition.
EV
Elisa Valenta 4 months ago . 1 min read
Entrepreneurs
Talent Finder
As demand soared, GeekHunter helps companies to win the tech talent hunt.
MP
Marella Putri 4 months ago . 5 min read
Companies
WEGE Booked 5.3% Net Profit Growth in 1Q-2020 Driven by Cost Efficiencies
Publicly-listed construction company PT Wijaya Karya Bangunan Gedung (WEGE) booked earnings growth in the first quarter of 2020, mainly due to higher cost efficiencies.
RY
Robert Yota 4 months ago . 1 min read
Companies
Strong Will
Friderica Widyasari leads Danareksa Sekuritas to persevere amidst this year's market turbulence and economic downturn.
RY
Robert Yota 4 months ago . 8 min read
Companies
Buyung Poetra Sembada Earned Rp 450.42 Billion Net Sales in 1Q-2020
HOKI enjoyed 13% revenue growth, albeit suffering lower earnings due to higher costs.
MP
Marella Putri 4 months ago . 1 min read
Companies
Fashionable Measures
For years publicly listed textile manufacturer Sritex is famous for producing military uniforms for the Indonesia Military (TNI) and several countries. Now, the company is racing to meet the demands of face masks and PPE during outbreak.
EV
Elisa Valenta 4 months ago . 7 min read
Companies
Bank Mandiri Posted Rp 7.92 Trillion Net Profit in 1Q-2020
The net profit grew by 9.44% compared to the same period last year, which was Rp 7.23 trillion.
MP
Marella Putri 4 months ago . 2 min read
Technology
Gojek's Video-on-demand Closed First Funding Round
GoPlay will be using the capital injection to develop its technology to serve both filmmakers and audiences better in making and gaining high-quality local film and series.
MP
Marella Putri 4 months ago . 1 min read
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 4 months ago . 2 min read
Technology
Facebook and PayPal Invest in Gojek
Facebook will have its instant messaging app WhatsApp to work with Gojek, and PayPal will have its payment system integrated with GoPay.
MP
Marella Putri 4 months ago . 1 min read
Companies
Mark Dynamics Booked 9.94% Sales Growth in 1Q-2020, Aims to Capitalize on Subsiding Lockdown
MARK's positive performance in the first quarter of 2020 was mainly driven by a demand boost in medical latex gloves amid the ongoing COVID-19 pandemic.
MP
Marella Putri 4 months 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 4 months 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 4 months 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 4 months ago . 1 min read
Companies
Indonesia's Biggest Banks remain Strong in Q1 2020
Coronavirus pandemic gave a tough year for the banking industry, but seven biggest lenders in Indonesia still managed to post a positive result.
MP
Marella Putri 4 months ago . 1 min read
Companies
TBLA booked Rp 2.76 trillion net sales in 1Q-2020
The 27.3% YoY increase was mainly driven by palm oil and its derivative products. Earnings growth over the next 12 months however will be tempered by slowing economic growth due to COVID-19 outbreak.
MP
Marella Putri 4 months ago . 2 min read
Technology
Big data analytics Bonza secured seed funding from East Ventures
As a response to COVID-19 pandemic, Bonza uses a math algorithm to project COVID-19 Effective Reproduction Numbers (Rt), which measures the virus’ rate of spread in each Indonesia province to support government policies.
MP
Marella Putri 4 months ago . 1 min read
Technology
Ajaib Group acquired Primasia Sekuritas
The company will rebrand as Ajaib Sekuritas and work alongside Ajaib Reksa Dana under the group
MP
Marella Putri 4 months ago . 1 min read
Companies
Telkom Indonesia's 2019 revenue surpassed Rp 135 trillion
Cellular data (Telkomsel), internet (IndiHome), and IT services were the largest contributors to the company’s 2019 revenues
MP
Marella Putri 4 months ago . 2 min read
Companies
BCA booked Rp 6.6 trillion net profit in 1Q-2020
The surge of 8.6% YoY was attributed to loan and operational income growths.
MP
Marella Putri 4 months ago . 1 min read
Companies
Decline in crude oil prices leads to opportunities for BULL
The recent decline in crude oil prices has opened new opportunities for publicly listed shipping company PT Buana Lintas Lautan (BULL) as oil companies seek alternatives to store their storage while keeping them in the refinery
MP
Marella Putri 4 months ago . 2 min read
Companies
Sekar Laut records positive performance in 2020 1Q amid COVID-19
The growth is mainly driven by the sales of SKLT’s Finna seafood crackers, despite the economic turbulence that started months ago
MP
Marella Putri 4 months ago . 1 min read
Technology
Grab Ventures Velocity announced batch 3 participants
Focusing on culinary business support, five startups chosen to participate in the venture building program all have purposes that could leverage culinary business. Four of them are Indonesia-based.
MP
Marella Putri 4 months ago . 2 min read
Companies
Pertamina signed MoU on RDMP project with South Korean consortium
The $1.5 billion project in Dumai will be jointly undertaken with state-owned firm PT Nindya Karya, while DH Global Holdings Co. Ltd represented the Korean consortium
MP
Marella Putri 4 months ago . 1 min read
Companies
Maybank Indonesia grew promising net profit in 1Q-2020
The growth was backed by fee-based income improvement as well as sustained strategic cost management
MP
Marella Putri 4 months ago . 2 min read
Companies
ICBP recorded Rp 12 trillion net sales in 1Q-2020
Its instant noodles are the highest contributor , claiming 66.11% of total net sales.
MP
Marella Putri 4 months 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 5 months ago . 2 min read
Companies
BTPN recorded double-digit net profit growth in 1Q-2020
The bank plans to be more cautious in disbursing its loans in order to maintain the positive performance amid uncertainties of global economic condition
MP
Marella Putri 5 months ago . 1 min read
Companies
ACES continues expansion amid pandemic, intensifies online sales
Analyst estimates that ACES’ sales and gross profit margin for the remainder of 2020 to decline due to lower demand for home improvement products during the pandemic
MP
Marella Putri 5 months ago . 1 min read
Companies
Cellphone and tablet sales at ERAA remained strong in 1Q
ERAA plans to open 300 more stores by the end of the year, mainly in satellite cities to add its existing 1,100 outlets
MP
Marella Putri 5 months ago . 1 min read
Companies
Set in Motion
CGV Cinemas aims to become a whole entertainment platform beyond screening movies
MP
Marella Putri 5 months ago . 6 min read
Companies
Chandra Asri secured $70 million loans from Permata Bank
The loan facility will be utilized to support the operational needs, capital expenditure, and refinancing requirements of PT Chandra Asri Petrochemical
MP
Marella Putri 5 months ago . 1 min read
Companies
Citibank's net profit jumped by 20.43% YoY despite market turmoil
The increase was driven by loan disbursement and non-interest income growths from derivative forex transactions
MP
Marella Putri 5 months ago . 1 min read
Companies
Bakrie Group and Air Products to build methanol production facility
They had signed an agreement to build a coal-to methanol production facility in Bengalon, East Kalimantan, and are committed to taking the methanol production off to sell in Indonesia by 2024
MP
Marella Putri 5 months ago . 1 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 5 months ago . 1 min read
Companies
Poultry and aqua feed drove JPFA's 1Q growth
Subsequent quarters however pose challenges to JPFA as demand in poultry has been declining since COVID-19 pandemic hit
MP
Marella Putri 5 months ago . 1 min read
Forbes Life
Passionate Fusion
Hublot’s Big Bang MP-11 Red Magic is as striking as it could be in presenting the Swiss luxury watchmaker’s Art of Fusion
MP
Marella Putri 5 months ago . 1 min read
Companies
Semen Indonesia Group maintained growth in 1Q
Next to increasing exports, the improvements were mainly driven by the synergy and efficiency initiatives SMGR has undertaken since 2018.
MP
Marella Putri 5 months ago . 2 min read
Forbes Life
Contemporary Passion
Galuh Swarna Sukardi shares her new role at David Zwirner Hong Kong and rising attention on Southeast Asian contemporary artists
MP
Marella Putri 5 months ago . 5 min read
Companies
Bank Rakyat Indonesia posted flat earnings in 1Q
Affected by COVID-19 pandemic, the bank saw its net profit dropped and NPL rose from a year earlier
MP
Marella Putri 5 months ago . 1 min read
Companies
PT Mayora Indah's Q1 had robust earnings growth but shrinking top line
The company’s sales declined due to the weakening export market
MP
Marella Putri 5 months ago . 1 min read
Companies
Government Gives Liquidity Injection to the Banking Sector
The regulation aims to help lenders cope with the financial impacts of the COVID-19 outbreak.
MP
Marella Putri 5 months ago . 1 min read
Companies
Mitra Keluarga enjoyed growths in 1Q, seeks to capitalize on COVID-19 treatments
The rise in revenue is mainly attributed to the new demand for COVID-19 treatment
MP
Marella Putri 5 months ago . 1 min read
Companies
Acquired Demi Istri Production, IDN Media launched IDN Pictures
It acquired Demi Istri Production, an independent film company, having several films in the pipeline to be released soon.
MP
Marella Putri 5 months ago . 2 min read
Companies
Inalum raised $2.5 billion from global bonds
The proceed will be used to refinance Inalum’s maturing $1 billion in debt and to fund projects
MP
Marella Putri 5 months ago . 1 min read
Companies
HEAL maintained stable occupancy rate amid COVID-19 pandemic
Despite declining visitors for non-critical treatments, PT Medikaloka Hermina has been able to maintain the occupancy rate mainly due to the company’s decision to become one of the private hospitals that accept coronavirus patients
MP
Marella Putri 5 months ago . 2 min read
Companies
BNI to raise $2 billion from Euro MTN
The securities issuance aims to keep the bank steady amid macroeconomic headwinds due to the COVID-19
MP
Marella Putri 5 months ago . 1 min read
Companies
INCO's matte nickel output rose in Q1
The performance, however, was lower than Q4-2019, and the industry is facing slower global demand due to COVID-19
MP
Marella Putri 5 months ago . 1 min read
Companies
Bank CIMB Niaga reported an 11.8% jump on net profit in Q1-2020
The accomplishment was mainly driven by non-interest income growth and operating expenses reduction.
MP
Marella Putri 5 months ago . 1 min read
Companies
Bank Mandiri and Hutama Karya raised funds from global bonds issuance
Bank Mandiri offered $500 million global bonds, while Hutama Karya launched its first-ever global bond of $600 million earlier
MP
Marella Putri 5 months ago . 1 min read
Insights
Commercial airlines resume flights amid PSBB
Commercial operations are allowed to serve domestic routes, with safety measure and seating adjustment for passengers.
MP
Marella Putri 5 months ago . 2 min read
Companies
TBIG sees growing demand for tower tenancies from telecommunication providers
After booking a positive performance in the first quarter, PT Tower Bersama Infrastructure should expect a prosperous remainder of 2020 despite the ongoing COVID-19
MP
Marella Putri 5 months ago . 2 min read
Companies
Ultrajaya enjoys positive trend
Domestic sales reaching Rp 1.61 trillion supported the company's growth in the first quarter.
MP
Marella Putri 5 months ago . 1 min read
Companies
Data Traffic Drives Indosat’s First Quarter Revenue
Indosat Ooredoo booked a Rp 6.5 trillion revenue in Q1-2020 as a result of its fast actions in responding to the COVID-19 pandemic - including implementing health and safety protocol and accelerating network rollout plan.
MP
Marella Putri 5 months ago . 2 min read
Companies
Bank Danamon booked Rp 1.25 trillion profit in Q1-2020
The 33% YoY growth was driven by increasing demand for loan, as well as better composition in fee-based income and more robust funding
MP
Marella Putri 5 months ago . 1 min read
Companies
Sarana Menara Nusantara showcased 10% sales growth, intends to spend more amidst pandemic
TOWR is allocating Rp 3-3.5 trillion in capital expenditures this year, which will be mainly used to construct the fiber optic cables and to add around 2000-3000 new tenants
MP
Marella Putri 5 months ago . 2 min read
Companies
KINO booked 11% increase in sales, challenges remain ahead
After a positive performance in Q1-2020, the cost of KINO's raw materials and slowing distribution due to the COVID-19 pandemic may challenge the company's 2020 target
MP
Marella Putri 5 months ago . 2 min read
Companies
ROTI booked positive growth in Q1-2020
The company recorded net sales of Rp 912.9 billion YoY, a 15.3% increase from last year driven from its traditional and modern trade channels.
MP
Marella Putri 5 months ago . 1 min read
Companies
AKRA’s revenue and net profit grew in Q1-2020
After seizing a growth momentum in Q1-2020, PT AKR Corporindo has a robust continuity plan in facing COVID-19 pandemic.
MP
Marella Putri 5 months ago . 1 min read
Companies
Mixed performances in financing industry in Q1-2020
Coronavirus has affected borrowers' capability to repay debts
MP
Marella Putri 5 months ago . 1 min read
Companies
PT Pegadaian (Persero) saw 18% higher transaction in Q1-2020
Slow business and furloughs forces people to pawn their items in order to keep some cash in hand amid COVID-19 pandemic.
MP
Marella Putri 5 months ago . 1 min read
Companies
Bangkok Bank gets approval to buy Bank Permata
By Elisa ValentaPT Bank Permata shareholders approved the acquisition of the lender's controlling stake by Thailand based Bangkok Bank. Bangkok
EC
Ester Christine Natalia 5 months ago . 1 min read
Companies
Mitra Keluarga acquired hospital for Rp 35 billion
It acquired Panti Abdi Dharma hospital, a mother and child hospital, through its subsidiary PT Kasih Abdi Dharma.
MP
Marella Putri 5 months ago . 1 min read
Companies
Bank BJB to merge with Bank Banten
During the due diligence process, both controlling shareholders, which are the governors of West Java and Banten, has agreed to team up in business operations, primarily on supporting Bank Banten's liquidity needs
MP
Marella Putri 5 months ago . 1 min read
Invesment
Northstar Group made first close of its fifth flagship fund
It represents about a third of its $800 million targets
MP
Marella Putri 5 months ago . 1 min read
Companies
Japanese firm acquired PT Semen Indonesia subsidiary
PT Semen Indonesia Tbk has agreed to sell 15% of its subsidiary PT Solusi Bangun Indonesia Tbk (SMCB) shares to a Japanese firm, Taiheiyo Cement Corporation (TCC)
MP
Marella Putri 5 months ago . 2 min read
Companies
Anteraja Records Robust Growth as People Stay at Home
The demand for delivery service and logistics increases significantly as most people are working from home. Logistic technology company Anteraja
EC
Ester Christine Natalia 5 months ago . 1 min read
Companies
Ciputra Group fights against COVID-19
Ciputra Group donates through its subsidiaries in residential, healthcare, education, art, and more.
MP
Marella Putri 5 months ago . 1 min read
Business
Oil Plunge means Bad News to Indonesia’s Economy
For the first time ever, the US oil prices plunge below $0 on Monday, April 20, as demand dries due to COVID-19 outbreak. The oil price plunge means bad for the Indonesia's economy.
AW
Ardian Wibisono 5 months ago . 3 min read
Companies
Sido Muncul books positive growth in 2020's first quarter
Herbal medicine and supplements segment sales led the company's overall growth
MP
Marella Putri 5 months ago . 1 min read
Companies
AGII sees surge in medical gas demand
As number of COVID-19 patients admitted to hospitals has been increasing, so has the demand on medical gas for their treatment.
MP
Marella Putri 6 months ago . 1 min read
Companies
Kalbe Farma to run real-time PCR test
Country’s largest pharmaceutical company PT Kalbe Farma will be participating in the efforts to contain the coronavirus pandemic. Kalbe will
EC
Ester Christine Natalia 6 months ago . 1 min read
Companies
Hary Tanoe of MNC Group donates for medical workers
The Rp 5 billion worth of donation was made through the company's MNC Peduli foundation
MP
Marella Putri 6 months ago . 1 min read
Technology
eWallet DANA records hike in transaction following social distancing implementation
DANA is also adding new features to boost transactions, work with logistics services, and help SMEs impacted by COVID-19.
MP
Marella Putri 6 months ago . 1 min read
Companies
Value Seeker
Bahrain-based Investcorp cites Indonesia as key market for its Asia expansion.
MP
Marella Putri 6 months ago . 8 min read
Business
Physical distancing boosts Sayurbox business
Physical distancing boosts Sayurbox business
EC
Ester Christine Natalia 6 months ago . 1 min read
Inspiring Woman
Ahead of the Curve
A senior woman banker, Vera Eve Lim now plays a bigger role in the country’s largest private bank
MP
Marella Putri 6 months ago . 6 min read
Philanthrophy
Hong Kong mega billionaire donates $2.5 million for medical worker accommodation
Donation is channeled to local capsule pod company Bobobox for 100 shelter pods at COVID-19 state referral hospitals
MP
Marella Putri 6 months ago . 1 min read
Companies
TikTok donates Rp100 billion for COVID-19 medical workers
The donation will be prioritized to protect frontline medical workers during the outbreak.
MP
Marella Putri 6 months ago . 1 min read
Inspiring Woman
Smoother Ride
Milatia Moemin takes on the challenges of transforming state-owned DAMRI into an international standard public transportation company.
MP
Marella Putri 6 months ago . 6 min read
Forbes List
Indonesia's Billionaires: Familiar faces remain on the list despite year's shaky start
Forbes recently launched its 2020 World Billionaires list, consisting of 2,095 names with a combined net worth of $8 trillion. This year, 15 Indonesian tycoons made it to the list, racking up a $53.7 billion fortune.
MP
Marella Putri 6 months ago . 2 min read
Inspiring Woman
The Energy of Giving
Anita Ratnasari Tanjung aims to break the poverty chain by providing free education through the CT Arsa Foundation
MP
Marella Putri 6 months ago . 5 min read
Companies
Companies up against COVID-19
Companies in Indonesia are taking quick actions to help and prioritize what's at stakes.
MP
Marella Putri 6 months ago . 3 min read
Companies
Act for COVID-19 Pandemic
Multiple organizations are collecting donations, in form of funds and medical equipments, to fight COVID-19 Pandemic
MP
Marella Putri 6 months ago . 3 min read
Companies
Good Game
Esports company Evos is climbing its way up to become the future of entertainment
MP
Marella Putri 8 months ago . 6 min read
Entrepreneurs
The Haluu Life
Haluu makes good business from Instagrammable exhibitions.
MP
Marella Putri 8 months ago . 5 min read
Technology
Payment Business
Payment gateway Xendit is paving the way to empower digital infrastructure in Indonesia.
MP
Marella Putri 9 months ago . 6 min read
Companies
Navigating Business
Google’s navigation platform Waze provides businesses with the opportunity to approach customers on-the-go.
MP
Marella Putri 9 months ago . 6 min read
Entrepreneurs
Indonesia's Richest 2019
Indonesia's Richest 2019
AF
Admin Forbes 10 months ago
Entrepreneurs
Universal Education
Private school SIS Group has already made quality education more affordable and plans to make it even more so.
MP
Marella Putri 10 months ago . 6 min read
Companies
Seizing Opportunities
As banking industry changes, OCBC NISP plans to stay updated.
MP
Marella Putri 11 months ago . 5 min read
Forbes List
Forbes Indonesia Best of the Best Companies 2019
The list celebrates 50 Indonesian high-performing public companies, all of which are champions in their own right. The list, which
AF
Admin Forbes 11 months ago
Companies
Staying Tuned
Radio remains popular among audience of all ages, and Mahaka Radio Integra is bringing radio broadcasting to thrive in digital era
MP
Marella Putri 1 year ago . 6 min read
Business
Brewing Up
With Savis Tea, Lily Gunawan seeks to grab market for Indonesian premium tea
MP
Marella Putri 1 year ago . 4 min read
Technology
Eye in the Sky
Terra Drone Indonesia aims to be one-stop drone service provider solution.
MP
Marella Putri 1 year ago . 4 min read
Entrepreneurs
Bold Timing
Eurobutik Bangun Indonesia capitalizes on opportunities in independent luxury watches
MP
Marella Putri 1 year ago . 6 min read
Companies
Elevating Work
KONE takes on technological disruption to move the lift industry.
MP
Marella Putri 1 year ago . 5 min read
Entrepreneurs
Sweet Success
Edward Tirtanata leads coffee chain Kopi Kenangan in its mission to brew across the country and beyond
MP
Marella Putri 1 year ago . 6 min read
Business
KSEI Launches Refined Platform to Monitor Investment
The Indonesian Central Securities Depository (KSEI) launched its most-updated platform for investment monitoring. The platform named AKSes Next-G (Securities Ownership
EC
Ester Christine Natalia 1 year ago . 1 min read
Entrepreneurs
Legal Matters
Rieke Caroline eyes a big slice of the market from thriving startups and SMEs by offering easy access to legal services.
EC
Ester Christine Natalia 1 year ago . 5 min read
Food & Drink
DORÉ by LeTAO Introduced The Pancake Co. by DORÉ
The Pancake Co. by DORÉ brings new kind of sweetness to Jakarta.
MP
Marella Putri 1 year ago . 2 min read
Food & Drink
Turkish Ramadhan Festivities at Raffles Jakarta
Raffles Jakarta invites guests to its third Annual Turkish Ramadhan, presenting completely authentic Turkish experience with surprises throughout the event.
MP
Marella Putri 1 year ago . 2 min read
Inspiring Woman
Academy 101
Alamanda Shantika opens Binar Academy to meet demand for digital talent.
MP
Marella Putri 1 year ago . 5 min read
Companies
Redefining Banking
DBS Indonesia is redefining banking experiences in digital era.
EC
Ester Christine Natalia 1 year ago . 5 min read
Technology
Simple Work
Jojonomic is taking over employees’ administrative work so they can focus on what matters.
MP
Marella Putri 1 year ago . 5 min read
Technology
Smart Kiosk
Warung Pintar empowers micro-entrepreneurs for digital inclusion
MP
Marella Putri 1 year ago . 5 min read
Companies
Indonesia Temporarily Ground Boeing 737-8 MAX
Indonesia Transportation Ministry officially announced it will temporarily ground Boeing 737-8 MAX following Ethiopian Airlines deadly crash that killed all
EC
Ester Christine Natalia 1 year ago . 1 min read
Business
J&T Express Expands Services to Philippines
The recent boom in e-commerce market has encouraged logistic companies to grow accordingly so they can obtain the benefits. Indonesia-based
EC
Ester Christine Natalia 1 year ago . 1 min read
Invesment
Halodoc Receives $65 Million Series-B Funding
Indonesia leading digital health application Halodoc just received $65 million Series-B funding led by UOB Venture Management, a subsidiary of
EC
Ester Christine Natalia 1 year ago . 1 min read
Forbes Life
CIMB Niaga, AccorHotels, and Mastercard Launch Co-Brand Credit Card
PT Bank CIMB Niaga Tbk (CIMB Niaga) together with AccorHotels and Mastercard recently launched its very first co-branded credit card
RY
Robert Yota 1 year ago . 3 min read
Business
Medco Energy To Acquire Ophir Energy
Energy company PT Medco Energi Internasional to buy London-based oil and gas company Ophir Energy for £390.6 million. Both companies
EC
Ester Christine Natalia 1 year ago . 1 min read
Companies
KontrakHukum Offers Friendly Legal Services for Startups and SMEs
Legal document is one of the essential elements in running a business. However, legal matters terms and system tends to
EC
Ester Christine Natalia 1 year ago . 2 min read
Auto
Mercedes-Benz Maintained Premium Automobile Leadership in Indonesia with a 12% Sales Increase Last Year
Mercedes-Benz maintained its leadership in the premium automobile segment by recording a sale of 3,859 units last year that consisted
RY
Robert Yota 1 year ago . 3 min read
Technology
JD.com Make a Breakthrough with the First Drone Shipping in Indonesia
Shipping within a short time still be a challenge for people living in archipelagic country like Indonesia, especially in the
EC
Ester Christine Natalia 1 year ago . 2 min read
Business
Michelin Now Owns 80% Shares in MASA
France-based tire producer Michelin tightens its grip on Indonesia market by buying as much as 7.3 billion shares that equals
EC
Ester Christine Natalia 1 year ago . 1 min read
Auto
Rolls-Royce Motor Cars Sales Increased by 22% Last Year
Rolls-Royce Motor Cars has achieved the highest annual sales in the marque’s 115-year history, with 4,107 cars delivered to customers in over 50 countries around the world in 2018.
RY
Robert Yota 1 year ago
Business
Forbes Indonesia 50 Richest: The Top Gainers
Indonesia strong performance in economy and composite index had made the country tycoons wealthier this year. The biggest gainer in
EC
Ester Christine Natalia 1 year ago . 3 min read
Business
Sat Nusapersada to Team Up with Apple Manufacturer
Publicly listed electronic manufacturer PT Sat Nusapersada (PTSN) announced that it would sign a contract with Taiwan-based Apple manufacturer Pegatron
EC
Ester Christine Natalia 1 year ago . 2 min read
Companies
Indonesian Paradise Property Bid on High-End Market in Batam
Publicly listed property developer company PT Indonesian Paradise Property taps on high-end property market in Batam with its One Residence Apartment.
EC
Ester Christine Natalia 1 year ago . 2 min read
Companies
Shedding Light
Schneider Electric advances smarter ways of electricity consumption and distribution.
MP
Marella Putri 1 year ago . 5 min read
Entrepreneurs
Forbes Indonesia's 30 Promising Growth-Stage Startups
Forbes Indonesia announced the A-List that consisted of 30 Indonesian promising growth-stage startups. The list celebrates companies that have done a great job in the country’s digital economy.
AW
Ardian Wibisono 1 year ago . 2 min read
Companies
Semen Indonesia to Acquire Holcim Indonesia
State-owned cement producer PT Semen Indonesia to buy 80.6% share in PT Holcim Indonesia worth $1.4 billion.
AW
Ardian Wibisono 1 year ago . 2 min read
Business
4 Indonesian Entrepreneurs to Enrol Alibaba Fellowship
Four entrepreneurs will represent Indonesia in the second batch of eFounders Fellowship Asia Program held by The United Nations Conference on Trade and Development (UNCTAD) and Alibaba Business School.
AW
Ardian Wibisono 1 year ago . 2 min read
Entrepreneurs
Success Ingredients
Starting with a single nasi goreng stall in Bandung in 2013, PT Citarasa Prima Indonesia has tranformed into one of the fastest growing F&B company in Indonesia.
AW
Ardian Wibisono 1 year ago . 8 min read
Companies
Bank Reboot
Tigor Siahaan has revitalized the performance of CIMB Niaga bank.When Tigor Siahaan took over as president director of PT CIMB
UE
Ulisari Eslita 1 year ago . 7 min read
Business
Suitably Bespoke
Fashion-wise, Joko Widodo (Jokowi) may be the most flexible to be suited up among all of Indonesia’s male presidents. According
UE
Ulisari Eslita 1 year ago . 5 min read
Technology
Dealing with Risks
Insurtech Pasarpolis offers insurance to all at a price cheaper than a cup of coffee.
MP
Marella Putri 1 year ago . 5 min read