Police Intensify Crackdowns on Illegal Online Lending Companies

President Jokowi has called the law enforcers to increase surveillance and prosecution on the illegal lending practices. 

#CRIME

Lippo Karawaci to Benefit from Siloam's Stable Performance Forecast

Siloam’s revenue throughout 2021-2023 is predicted have a CAGR of 6 percent per year, with a gross margin of 45 to 47 percent.

OCTOBER 13 #CORPORATE NEWS

BCA's Market Cap Moves Past the Quadrillion Mark

The jump followed BCA's decision to split its stock, a move the lender hoped would make its shares more accessible to retail investors.

OCTOBER 13 #CORPORATE NEWS

Jokowi Breaks Ground on Freeport Indonesia’s $3b Smelter

Jokowi said the smelter will be able to extract 1.7 tons of copper from ores and 6,000 tons of gold annually.

OCTOBER 13 #MANUFACTURING

Nationwide Survey Planned to Find Out Real Covid-19 Prevalence in Indonesia

Many Indonesians may unknowingly have natural immunity because they got asymptomatic Covid-19 and stayed undetected.

OCTOBER 12 #HEALTH

Indonesia to Impose Carbon Tax in April 2022, Starting With Coal Power Plants

The government plans all companies to pay carbon tax by 2025 or buy emissions permits from their peers in a domestic carbon exchange.

OCTOBER 08 #ECONOMY

Indonesia Pursues Local Currency Settlements Deal with Philippines, Singapore

The moves will follow similar deals with Thailand, Japan, and Malaysia that have helped settle transactions valued $1.2 billion this year.

OCTOBER 08 #ECONOMY

VISION

Covid-19 Mass Vaccination for Refugees, Asylum Seekers

About 600 refugees and asylum seekers from 13 countries have signed up to get their first Covid-19 jab.

#EYEWITNESS

Covid-19 Mass Vaccination for Refugees, Asylum Seekers

About 600 refugees and asylum seekers from 13 countries have signed up to get their first Covid-19 jab.

October 11 #EYEWITNESS

How Korean CSR Initiatives Bolster S. Korea-Asean Ties

Moon Jae-In’s New Southern Policy Plus stresses the importance of expanding CSR initiatives in the Asean region.

OCTOBER 07 #INTERNATIONAL

Pertamina Sucessfully Tests Aviation Biofuel in Short Flight

It was the first time that Bioavtur or J2.4 is used to power aircraft engines in an actual flight.

OCTOBER 06 #ENERGY & MINERALS

Jeff Bezos Makes Indonesian Inroad with New Investment in Ula, a B2B E-Commerce

The investment also exposed Bezos Expeditions to Indonesia's $150 billion business-to-business e-commerce market.

OCTOBER 04 #CORPORATE NEWS

Ajaib Secures Unicorn Status After a $153m Series B Funding

The equity and mutual fund investment fintech, Ajaib, has become the seventh unicorn in Indonesia.

OCTOBER 04 #CORPORATE NEWS

Indonesia Is Set to Introduce $2.1 per Ton of CO2e Carbon Tax

Indonesia will become the latest country to introduce the measure to curb greenhouse gas emissions, yet the timeframe remains unclear.

OCTOBER 01 #ENVIRONMENT

Indonesian Minister Asks China’s Wuling to Market EVs “Soon”

Luhut has previously said Indonesian government's electric vehicle ambition angers Japanese automakers.

OCTOBER 01 #CORPORATE NEWS

KPK to Investigate Krakatau Steel after SOEs Minister’s Graft Remarks

Erick Thohir said Krakatau Stell shoulders a debt of $2 billion due to corrupt business practices.

SEPTEMBER 29 #CORPORATE NEWS

Huge Success: BRI Raises $6.7b from Rights Issue

The rights offering is the largest in Southeast Asia so far this year, and one of all time highest in the world.

SEPTEMBER 29 #CORPORATE NEWS

Indonesia Won't Follow China in Banning Cryptos

The Southeast Asia country considers cryptocurrency as assets or commodities that are lawful for trading but illegal for use as currency.

SEPTEMBER 25 #COMMODITY

KPK to Look Into the Alleged Role of Bank Panin Boss Mu'min Ali Gunawan in Tax Bribery Case

New information revealed in court indictment allegedly links Mu'min Ali Gunawan with a tax attorney who bribed tax officials.

SEPTEMBER 23 #LEGAL CASES

Gov’t Seizes Assets of BLBI Debtor Kaharudin Ongko

Kaharudin owes the government Rp 8.2 trillion ($576 million) and the seizure produces just $7 million in cash.

SEPTEMBER 21 #ECONOMY

Indosat, 3 Indonesia to Merge in $6b Landmark Telco Deal

Parents Ooredoo Group and CK Hutchison agreed to create Indosat Ooredoo Hutchison on Thursday

SEPTEMBER 17 #CORPORATE NEWS

Djarum's E-Commerce Blibli to Acquire Majority Shares in Ranch Market Operator

At the current market price, the purchase of the shares could cost Blibli $135 million.

SEPTEMBER 16 #CORPORATE NEWS