Indonesia Sees Another Record Low Inflation Since 2000

The country's consumer price index rose 1.54 percent in July from a year ago, compared to 1.96 percent inflation in June.

#ECONOMY

OVO Claims It's Now Indonesia's Largest Fintech Ecosystem

More than just a payment platform, OVO users can now invest in a mutual fund, government securities and gold.

AUGUST 01 #CORPORATE NEWS

Moody's Sees 20% Drop in Indonesian Companies Earnings Amid Pandemic

Companies in oil and gas, mining and property, and textile sectors were among the hardest hit by the pandemic, the agency said. 

JULY 31 #COMMODITY

Indonesia Keeps Deficit High in 2021 as Covid-19 Uncertainties Persist

Government plans to increase spending on food security, telecommunication, industrial estates, education, and healthcare.

JULY 29 #ECONOMY

Traveloka Confident of Recovery After Securing $250m New Funding

The company raises enough cash to steady its footing and bounce back after the Covid-19 pandemic. 

JULY 29 #CORPORATE NEWS

Digital Payment on the Rise as Top Four E-Commerce Eye $29b Sales Amid Pandemic

Digital transactions at four major e-commerce sites in Indonesia would double this year to $29 billion from $14 billion last year.

JULY 24 #CORPORATE NEWS

Indonesia FDI Contracts in Q2 as Covid-19 Restrictions Disrupt Projects

Foreign direct investment into Indonesia has dropped 6.9 percent in the second quarter from the same period last year.

JULY 22 #ECONOMY

VISION

Jakarta Offices Told to Raise Vigilance on Covid-19, We Listen

More than 400 Beritastau employees took part in the two-day serologic tests conducted by the Siloam International Hopsital.

#EYEWITNESS

Buyung Poetra Stays on Expansion Mode Amid Pandemic

The company is building a new rice processing plant in South Sumatra to boost production capacity by 27 percent by next year.

JULY 22 #CORPORATE NEWS

Jokowi Tasks Airlangga, Erick With Fixing the Economy and Defeating Covid-19

President Joko "Jokowi" Widodo has concocted a new committee tasked with dual aims of maintaining the economy and beating the pandemic.

JULY 21 #POLICY

Anthoni Salim Secures Narrow Win for $3b Pinehill Deal

Indofood CBP Sukses Makmur is cleared to acquire Pinehill Company from another Salim-controlled firm, Pinehill Corpora.

JULY 17 #CORPORATE NEWS

BI Lowers Interest Rate as Slack Gov't Spending Leads to Sharp Contraction in Q2

The central bank cut its benchmark interest rate to 4 percent to prop up the economy that could have shrunk by 4 percent in the 2nd quarter.

JULY 16 #ECONOMY

Pertamina Announces Breakthrough in 100% Biofuel Manufacturing

A trial run in Pertamina's Dumay refinery produced 1,000 barrels biofuel per day early this month.

JULY 16 #COMMODITY

Taiwan's Cathay Life Seeks to Increase Ownership in Bank Mayapada

The move that reflects confidence in the lender's stability and improvement.

JULY 15 #CORPORATE NEWS

Widodo Makmur Group Plots $277m IPO

Widodo Makmur Unggas, an integrated poultry company, mulls a plan to raise Rp 2 trillion, or $139 million, in October IPO.

JULY 13 #CORPORATE NEWS

As Money Printer Goes Brrr, The Onus Is Now on Bureaucrats to Spend

Jokowi has been lamenting how slow the ministries and state institutions spend the $48.6 billion stimulus package.

JULY 09 #ECONOMY

Moody's Downgrades Rating After Modernland Delays Bond Payment

Moody's said an upgrade of Modernland's ratings was unlikely.

JULY 08 #CORPORATE NEWS

Transjakarta, Bakrie Autoparts Trial Electric Buses on Busiest Route

The buses are imported from China, but Bakrie Autoparts claims they will start local production in three years.

JULY 07 #TRANSPORTATION

Lion Air Lets Go of 2,600 Workers as Pandemic Pressure Intensified

The group decision came after rival Garuda Indonesia, the country's flag carrier, decided to lay off its pilots last month

JULY 06 #CORPORATE NEWS

Antitrust Body's Decision Against Grab Can Turn Away Foreign Investors: Attorney

Attorney Hotman Paris said that KPPU's decision lacks a clear legal basis and can turn away foreign investors.

JULY 04 #CORPORATE UPDATES

Eastspring Paves Way for Indonesians to Invest in Alibaba, Tencent

Eastspring launched Eastspring Syariah Greater China Equity USD on June 15 to Standard Chartered Bank Customers.

JULY 04 #CORPORATE NEWS