Companies

Companies

Thriving in Tough Times

PT Industri Jamu dan Farmasi Sido Muncul (SIDO) managed to remain profitable and even grow despite the industry’s difficult conditions.
MP
Marella Putri 4 days ago . 8 min read
Companies
Best of the Best: Siantar Top
In 2019, Siantar Top saw its net income soar 89% to Rp 482.6 billion. The company was also able to book an 11.75% growth in net income during the first semester of 2020, and is confident to achieve 10% of growth this year despite the pandemic.
MP
Marella Putri 3 weeks ago . 5 min read
Companies
Best of the Best: Sarana Menara Nusantara
While many sectors are severely affected by the pandemic, Sarana Menara Nusantara booked its most significant quarterly revenue growth in recent years. In the time of physical distancing measure, the telecommunications sector still has a strong demand.
EV
Elisa Valenta 3 weeks ago . 5 min read
Companies

AKR Corporindo Maintained Growth Momentum in H1-2020

The falling of crude oil price and the COVID-19 pandemic didn’t have much impact on PT AKR Corporindo which booked a 10.44% YoY increase in net profit.
MP
Marella Putri 1 month ago . 1 min read
Companies
The Business Connector
GudangAda aims to bridge the technology gap across Indonesia's FMCG supply chain by digitizing transactions between traders.
RY
Robert Yota 1 month 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 month ago . 2 min read
Companies
Molding Momentum
Glove molding producer Mark Dynamics has capitalized from the surging demand for medical gloves.
RY
Robert Yota 1 month ago . 4 min read
Companies
Global Bond Issuance Boost Mandiri Sekuritas' Growth
Covid-19 pandemic pushes demand for global bond issuance as companies and governments rush to issue debt to ease the pandemic's effects. 
EV
Elisa Valenta 1 month ago . 1 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 1 month 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,
RY
Robert Yota 1 month 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 2 months 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.
RY
Robert Yota 2 months 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.
RY
Robert Yota 2 months 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 2 months 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.
RY
Robert Yota 2 months 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 2 months ago . 2 min read
Companies
BRI Ventures Launched New Venture Fund Sembrani Nusantara
It is aiming at Rp 300 billion first close, focusing on backing local tech startups in education, agro-maritime, retail, transportation, and healthcare sectors.
MP
Marella Putri 2 months ago . 2 min read
Companies
Inalum to Buy PT Vale Indonesia
The transaction, expected to close by the end of this year, is in line with Indonesia's moves to gain greater control of local mining operations.
MP
Marella Putri 2 months ago . 1 min read
Companies
Expanding Coverage
State-owned pharmaceutical Indofarma is expanding its business to medical equipment to batle the pandemic.
EV
Elisa Valenta 3 months ago . 2 min read
Companies
Gojek Xcelerate's Fourth Batch Announced 11 Startups
The fourth batch of Gojek Xcelerate focuses on startups providing Direct-to-Consumer business model.
MP
Marella Putri 3 months ago . 1 min read
Companies
MMP Teams Up for Indonesia-focused Logistics Property Venture
Mega Manunggal Property teams up with Alpha Investment Partners and Asuransi Jiwa Manulife Indonesia to set up an Indonesia-focused logistic property venture, with a $200 million initial target size.
MP
Marella Putri 3 months ago . 1 min read
Companies
TPMA Posted 28% Revenue Growth In 1Q-2020 Propelled By Tug & Barge Services
Transhipment company PT Trans Power Marine (TPMA) booked double-digit revenue growth in the first quarter of 2020, mainly driven by its tug & barge fleet.
RY
Robert Yota 3 months ago . 1 min read
Companies
South Korean Bank to Seize Control in Bank Bukopin
KB Kookmin Bank is currently awaiting approval from banking regulations in Jakarta and Seoul for proceeding with the acquisition.
EV
Elisa Valenta 3 months ago . 1 min read
Companies
WEGE Booked 5.3% Net Profit Growth in 1Q-2020 Driven by Cost Efficiencies
Publicly-listed construction company PT Wijaya Karya Bangunan Gedung (WEGE) booked earnings growth in the first quarter of 2020, mainly due to higher cost efficiencies.
RY
Robert Yota 3 months ago . 1 min read
Companies
BCA Bought Rabobank for $20.5 Million
The acquisition is aiming to support the development of BCA’s multi finance subsidiary, BCA Finance.
EV
Elisa Valenta 3 months ago . 1 min read
Companies
Strong Will
Friderica Widyasari leads Danareksa Sekuritas to persevere amidst this year's market turbulence and economic downturn.
RY
Robert Yota 3 months ago . 8 min read