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 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 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…
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…
Indonesia's prominent billionaire, Prajogo Pangestu, has made a significant move, further solidifying his commitment to Barito Renewables Energy (BREN). As the controlling shareholder, Pangestu recently acquired an additional 3 million shares of BREN, signaling a…
In a significant move poised to redefine Indonesia's grassroots economy, President Prabowo Subianto recently inaugurated the groundbreaking Koperasi Desa (Kopdes) Merah Putih program. This ambitious initiative aims to inject vital financial resources directly into village…
Indonesia is aggressively pursuing a landmark trade deal with the United States, aiming to secure zero-tariff access for several of its vital export commodities. In a strategic move, Jakarta proposes significant reciprocal concessions to Washington,…
Petrosea (PTRO), a prominent Indonesian multi-disciplinary mining, infrastructure, and oil & gas services company, has successfully solidified its financial foundation by signing a significant senior term facility worth US$135 million, approximately IDR 2.2 trillion, with…
PT Elang Mahkota Teknologi Tbk (EMTK), the controlling shareholder of media giant PT Surya Citra Media Tbk (SCMA), has significantly increased its stake in the latter through a substantial open market purchase. This strategic move…
Indonesia's Ministry of Communication and Digital (Kominfo) is reportedly evaluating a groundbreaking policy that could redefine how citizens access voice over internet protocol (VoIP) services. This proposed regulation might soon mandate a special internet subscription…