Barito Renewables Energy (BREN) is electrifying headlines as its controlling shareholder, Prajogo Pangestu, bolsters his stake, coinciding with a significant geothermal power discovery. This dual development signals robust confidence and a tangible expansion of Indonesia's…
Indonesia's bustling ride-hailing industry stands on the precipice of a significant transformation as a proposed presidential decree threatens to drastically reshape the operational economics for major players. This draft regulation, if enacted, could halve the…
Jakarta's strategic maneuvers in the global energy arena are once again commanding attention, with the Indonesian government affirming its unwavering commitment to palm oil-based biofuels. Crucial policy updates announced this week signal a prolonged dedication…
Indonesia's prominent gold jewelry manufacturer and distributor, Hartadinata Abadi (HRTA), is setting an aggressive course for the coming years. The company's director, Thendra Crisnanda, recently revealed to Kontan that HRTA aims for a robust double-digit…
JAKARTA – In a significant move reverberating through Indonesia's capital markets, Chengdong Investment Corporation has strategically reduced its direct ownership in coal giant PT Bumi Resources Tbk (BUMI). The institutional investor divested approximately 3.7 billion…
Indonesia's ambitious B50 biodiesel mandate, a cornerstone of its renewable energy strategy, now faces a pivotal test: the volatile spread between crude oil and crude palm oil (CPO) prices. Coordinating Minister for Economic Affairs, Airlangga…
Indonesia's automotive sector concluded 2025 with a powerful surge, as Gaikindo reported robust December wholesale figures that propelled annual sales past revised targets. This late-year rally, fueled by promotional incentives and strategic pre-emptive buying, sets…
In a significant move that has captured the market's attention, institutional investor PT Investindo Buana Ultima IRSX from its portfolio. This substantial divestment, executed between January 2 and 7, 2026, saw the firm's ownership in…
GAIKINDO's latest figures paint a vivid picture of Indonesia's automotive landscape, revealing a powerful year-end sales surge that propelled 2025 national car wholesales past revised targets, even as the market navigated a slight annual contraction.…
Spot gold prices surged by over 2% to a staggering US$4,599.87 per ounce on Monday, January 12th, marking an unprecedented all-time high. This meteoric rise was fueled by an intensified flight to safe-haven assets, propelled…