Danantara, Indonesia's State-Owned Enterprise (SOE) holding company, is setting a rigorous pace for reform. COO Dony Oskaria announced on Wednesday, July 23rd, the launch of a comprehensive 22-point work program slated for completion by the…
HMSP: Indonesia’s Tobacco Giant Gains Ground Amidst Market…
PT Hanjaya Mandala Sampoerna Tbk (HMSP), a dominant force in the Indonesian tobacco sector, navigates a challenging landscape by bolstering its market share, even as traditional cigarette volumes experience a consistent decline. Recent data, as…
China’s Coal Clampdown: Beijing Tightens the Spigot on…
Beijing is wielding its regulatory power to rein in runaway coal production, launching an aggressive inspection campaign aimed at correcting market distortions and taming a persistent oversupply. This decisive move signals China's commitment to stabilize…
US-Indonesia Forge Landmark Trade Framework: A New Era…
The White House announced on Tuesday (July 22, local time) a pivotal framework for a new trade agreement with Indonesia. This reciprocal deal signals a robust commitment to deepening economic ties, poised to streamline commerce…
CUAN (Petrindo Jaya Kreasi) Squashes PT Intam IPO…
JAKARTA – Petrindo Jaya Kreasi Tbk (CUAN), a significant player in Indonesia's mining landscape, has decisively addressed recent market speculation. The company categorically denied any immediate plans for an Initial Public Offering (IPO) of its…
Strategic Play: ASII Subsidiary Poised to Acquire Majority…
In a significant corporate maneuver, PT Saka Industrial Arjaya, a subsidiary of Indonesian conglomerate Astra International (ASII), has inked a definitive agreement to acquire an 83.67% majority stake in listed property developer Mega Manunggal Property…
Indonesia’s US Tariff Timeline Accelerates: New 19% Duty…
Indonesia's Coordinating Minister for Economic Affairs, Airlangga Hartarto, has signaled a potential acceleration in the implementation of the new 19% tariff on Indonesian exports to the United States. This crucial development could see duties kick…
China’s Coal Import Plunge: Indonesia Bears the Brunt…
China's insatiable appetite for coal appears to be waning, especially concerning imports from Indonesia. Recent data reveals a significant contraction in these crucial trade flows, signaling a recalibration in the world's largest energy consumer's procurement…
Garuda Indonesia (GIAA): Charting a Course Towards Financial…
Jakarta's aviation giant, PT Garuda Indonesia (Persero) Tbk (GIAA), is actively pursuing a comprehensive financial restructuring, poised to rejuvenate its balance sheet and propel future growth. The national flag carrier recently announced its intent to…