Companies

Companies

2Q20: INCO Outperforms Previous Quarter Results Amidst COVID-19

Brazilian mining powerhouse, Vale S.A, has enjoyed continued growth in its revenue and matte nickel output in Indonesia during the second quarter of 2020. Publicly listed PT Vale Indonesia (INCO), its local business unit, has booked a sales increase (YoY) at the end of this year’s second quarter, which follows the positive performance it enjoyed in 2020’s first quarter. The company booked revenue of $185.7 million (Rp 2.71 trillion) at the end of this year’s second quarter, up 6.3% (QoQ) from $174.6 million in the first quarter. INCO recorded $360.37 million during 2020’s first semester, which is a 23.3% growth
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Robert Yota 4 days ago . 2 min read
Companies
The Business Connector
GudangAda aims to bridge the technology gap across Indonesia's FMCG supply chain by digitizing transactions between traders.
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Robert Yota 1 week ago . 5 min read
Companies
Traveloka Raised $250 Million to Rise Stronger Post-COVID-19
The capital will strengthen Traveloka’s balance sheet and boost efforts to deepen Traveloka’s offerings in select priority areas, including building a more robust and integrated travel & lifestyle portfolio in key markets.
MP
Marella Putri 1 week ago . 2 min read
Companies

Indogen Capital and Striders Corporation Announced Partnership

The partnership is expected to enable both parties to identify potential investment, assist startup expansion with each other’s strong network, and encourage technology transfer.
MP
Marella Putri 2 weeks ago . 2 min read
Companies
Following Strong Results in June, Indocement Expects To Regain Momentum
Publicly listed cement producer PT Indocement Tunggal Prakarsa (INTP) has managed to record strong sales figures in June after initially experiencing negative growths throughout 2Q-2020,
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Robert Yota 3 weeks ago . 2 min read
Companies
Alibaba Cloud, Medico.id, and doctorSHARE Collaborate to Provide Accessible Healthcare Information
The three companies aim to provide rural residents in Indonesia with access to healthcare information especially related to the COVID-19 pandemic, for free to patients visiting doctorSHARE's Nusa Waluya II Floating Hospital.
MP
Marella Putri 1 month ago . 1 min read
Companies
TLKM Booked 3.8% Quarterly Sales Growth Driven By Higher Data Traffic
Since the COVID-19 outbreak started, people stayed home as part of broader shutdowns to protect people from the novel coronavirus. Consequently, internet usage increase significantly.
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Robert Yota 1 month ago . 2 min read
Companies
LPKR Booked 8.5% Sales Growth Yet Suffered Massive Currency Loss
Publicly listed integrated property company PT Lippo Karawaci (LPKR) booked revenue growth in 1Q-2020, mainly driven by sales growth in the company’s property and healthcare segments.
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Robert Yota 1 month ago . 1 min read
Companies
Pertamina’s Insurance Subsidiary Recorded 145% Net Profit Growth
Last year Tugu Insurance has generated Rp 6.4 trillion in revenue, up from Rp 5.1 trillion in 2018.
EV
Elisa Valenta 1 month ago . 1 min read
Companies
Garudafood Enjoys Double-digit Earnings Growth in 1Q-2020
Publicly-listed food producer PT Garudafood Putra Putri Jaya (GOOD) has booked positive earnings in 1Q-2020 driven by effective cost-cutting and efficiency measures.
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Robert Yota 1 month ago . 1 min read
Companies
East Ventures Announced First Close of Latest Seed Fund
The fund aims to raise a total of $88 million to help Southeast Asian digital companies emerging in the post-lockdown aftermath of the COVID-19 pandemic.
MP
Marella Putri 1 month ago . 2 min read