Tag: #business & insights

Companies
Speedy Recovery
ITDC moves to build tourist destinations beyond Bali.
MP
Marella Putri 2 months ago . 6 min read
Entrepreneurs
Riding Momentum
Hendra is gaining fast traction on his bicycle business.
MP
Marella Putri 2 months ago . 7 min read
Companies
Digital Mastery
The COVID-19 has fundamentally changed PT Telkom Indonesia to be a digital telecommunication company.
MP
Marella Putri 3 months ago . 4 min read
Insights
Road to Recovery
COVID-19 has severely impacted Indonesia's hospitality segment in the first half of 2020. With the relaxation of social distancing protocols, what's the next step for hotels?
RY
Robert Yota 6 months ago . 7 min read
Companies
Another Man's Treasures
Inocycle is making a big business from recycling PET waste.
RY
Robert Yota 6 months ago . 5 min read
Business
Lessons from China: Social Commerce as the Next Black Horse in Southeast Asia?
Can we replicate Pinduoduo's success in overseas markets, particularly in Southeast Asia?
CS
Columnist Section 7 months ago . 5 min read
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 7 months 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 7 months ago . 5 min read
Technology
Movie on the Go
Gojek bid on the OTT business with its GoPlay, yet CEO Edy Sulistyo also sees it as a momentum to revive the Indonesian movie industry.
MP
Marella Putri 8 months ago . 7 min read
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
RY
Robert Yota 8 months ago . 2 min read
Insights
Indonesia Recorded First Deflation Since September 2019 Due to Weak Purchasing Power
It was due to weak purchasing power, with Indonesia’s consumer price index (CPI) standing at -0.10% month-on-month in July.
MP
Marella Putri 8 months ago . 1 min read
Companies
MAP Covered Losses from Mall Closures with Online Sales
During the first half of 2020, MAP online sales grew almost 400%, from retailers, supermarket, and F&B brands.
MP
Marella Putri 8 months ago . 1 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 8 months 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 8 months ago . 5 min read
Companies
Molding Momentum
Glove molding producer Mark Dynamics has capitalized from the surging demand for medical gloves.
RY
Robert Yota 8 months ago . 4 min read
Entrepreneurs
Beyond Beauty
ZAP Clinic pivots to mother and child healthcare to dodge the impact of COVID-19 pandemic.
MP
Marella Putri 8 months ago . 5 min read
Technology
Mapping Opportunities
Bvarta’s location intelligence service helps companies to better navigate business.
MP
Marella Putri 9 months ago . 6 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 9 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 9 months ago . 1 min read
Insights
Indonesia's Inflation Rate Hit the Lowest Since May 2000
However, analyst expects an uptick in core inflation in upcoming months, as the government gradually eases the virus containment measures and Bank Indonesia continues its expansionary stance
MP
Marella Putri 9 months ago . 1 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 9 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 10 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 10 months ago . 1 min read
Column & Opinion
COVID–19, What Comes Next
The world is currently awakening from various forms of restrictions on their movement brought about in response to the Covid-19 pandemic. How the different countries fare remains to be seen, but there is no going back to life as it once was.
CS
Columnist Section 10 months ago . 3 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 10 months ago . 1 min read
Column & Opinion
The Time is Now - A Wake-up Call to Indonesia’s Healthcare System
The last few months are a prequel to an impending global recession, putting many things to the test – but most of all, each country's public health administration and healthcare system are on the center stage.
CS
Columnist Section 10 months ago . 5 min read
Companies
Strong Will
Friderica Widyasari leads Danareksa Sekuritas to persevere amidst this year's market turbulence and economic downturn.
RY
Robert Yota 10 months ago . 8 min read
Companies
Buyung Poetra Sembada Earned Rp 450.42 Billion Net Sales in 1Q-2020
HOKI enjoyed 13% revenue growth, albeit suffering lower earnings due to higher costs.
MP
Marella Putri 10 months ago . 1 min read
Column & Opinion
What’s Next? How to Recover from the Great Lockdown
What will the post-COVID recovery look like? How will the government and the private sector deal with rapidly mounting debts? What will it take to restore consumer confidence (and demand)? Is another Great Depression inevitable?
CS
Columnist Section 10 months ago . 3 min read
Companies
Bank Mandiri Posted Rp 7.92 Trillion Net Profit in 1Q-2020
The net profit grew by 9.44% compared to the same period last year, which was Rp 7.23 trillion.
MP
Marella Putri 10 months ago . 2 min read
Technology
Gojek's Video-on-demand Closed First Funding Round
GoPlay will be using the capital injection to develop its technology to serve both filmmakers and audiences better in making and gaining high-quality local film and series.
MP
Marella Putri 10 months ago . 1 min read
Business
Surviving The Corona, Preparing the Post
COVID-19 outbreak is putting the world in the middle of a global crisis – perhaps, the worst in the past two decades. For humankind, the pandemic is a war against humanity. While for businesses, the crisis is a shifting factor to the market as an impact o
CS
Columnist Section 10 months ago . 2 min read
Companies
Kejora Capital and SBI Holdings Launched $30 Million Orbit Fund
The joint-venture fund will focus on early-stage technology companies in Indonesia
MP
Marella Putri 10 months ago . 2 min read
Technology
Facebook and PayPal Invest in Gojek
Facebook will have its instant messaging app WhatsApp to work with Gojek, and PayPal will have its payment system integrated with GoPay.
MP
Marella Putri 10 months ago . 1 min read
Companies
Mark Dynamics Booked 9.94% Sales Growth in 1Q-2020, Aims to Capitalize on Subsiding Lockdown
MARK's positive performance in the first quarter of 2020 was mainly driven by a demand boost in medical latex gloves amid the ongoing COVID-19 pandemic.
MP
Marella Putri 10 months ago . 2 min read
Companies
BRMS posted high double-digit earnings in 1Q-2020
The company recorded a net profit of $165,057, up 90% (YoY) from $86,650 last year.
MP
Marella Putri 10 months ago . 2 min read
Companies
Property and construction drove SSIA's 7% revenue increase in 1Q-2020
SSIA's construction sector contributes highest sales with Rp 652.1 billion, which grew 11.8%, while its property sector grew by 20% to Rp 86.9 billion.
MP
Marella Putri 10 months ago . 2 min read
Companies
Energi Mega Persada's net sales grew 51% in 1Q-2020
ENRG was able to score $79.66 million in its net sales thanks to higher gas production from its Bentu PSC blocks in Riau
MP
Marella Putri 10 months ago . 1 min read
Companies
Indonesia's Biggest Banks remain Strong in Q1 2020
Coronavirus pandemic gave a tough year for the banking industry, but seven biggest lenders in Indonesia still managed to post a positive result.
MP
Marella Putri 10 months ago . 1 min read
Companies
TBLA booked Rp 2.76 trillion net sales in 1Q-2020
The 27.3% YoY increase was mainly driven by palm oil and its derivative products. Earnings growth over the next 12 months however will be tempered by slowing economic growth due to COVID-19 outbreak.
MP
Marella Putri 10 months ago . 2 min read
Companies
Telkom Indonesia's 2019 revenue surpassed Rp 135 trillion
Cellular data (Telkomsel), internet (IndiHome), and IT services were the largest contributors to the company’s 2019 revenues
MP
Marella Putri 10 months ago . 2 min read
Companies
Decline in crude oil prices leads to opportunities for BULL
The recent decline in crude oil prices has opened new opportunities for publicly listed shipping company PT Buana Lintas Lautan (BULL) as oil companies seek alternatives to store their storage while keeping them in the refinery
MP
Marella Putri 10 months ago . 2 min read
Companies
Sekar Laut records positive performance in 2020 1Q amid COVID-19
The growth is mainly driven by the sales of SKLT’s Finna seafood crackers, despite the economic turbulence that started months ago
MP
Marella Putri 10 months ago . 1 min read
Companies
Pertamina signed MoU on RDMP project with South Korean consortium
The $1.5 billion project in Dumai will be jointly undertaken with state-owned firm PT Nindya Karya, while DH Global Holdings Co. Ltd represented the Korean consortium
MP
Marella Putri 10 months ago . 1 min read
Companies
Maybank Indonesia grew promising net profit in 1Q-2020
The growth was backed by fee-based income improvement as well as sustained strategic cost management
MP
Marella Putri 10 months ago . 2 min read
Companies
ICBP recorded Rp 12 trillion net sales in 1Q-2020
Its instant noodles are the highest contributor , claiming 66.11% of total net sales.
MP
Marella Putri 10 months ago . 1 min read
Insights
Digital tax in Indonesia to be effective starting July
The Ministry of Finance has decided that 10% VAT will be imposed on digital products such as music streaming & film subscription, games, and online services coming from abroad - in order to create a level playing field to all business players.
MP
Marella Putri 11 months ago . 2 min read
Companies
BTPN recorded double-digit net profit growth in 1Q-2020
The bank plans to be more cautious in disbursing its loans in order to maintain the positive performance amid uncertainties of global economic condition
MP
Marella Putri 11 months ago . 1 min read
Companies
ACES continues expansion amid pandemic, intensifies online sales
Analyst estimates that ACES’ sales and gross profit margin for the remainder of 2020 to decline due to lower demand for home improvement products during the pandemic
MP
Marella Putri 11 months ago . 1 min read
Companies
Cellphone and tablet sales at ERAA remained strong in 1Q
ERAA plans to open 300 more stores by the end of the year, mainly in satellite cities to add its existing 1,100 outlets
MP
Marella Putri 11 months ago . 1 min read
Companies
Set in Motion
CGV Cinemas aims to become a whole entertainment platform beyond screening movies
MP
Marella Putri 11 months ago . 6 min read
Companies
Chandra Asri secured $70 million loans from Permata Bank
The loan facility will be utilized to support the operational needs, capital expenditure, and refinancing requirements of PT Chandra Asri Petrochemical
MP
Marella Putri 11 months ago . 1 min read
Companies
Citibank's net profit jumped by 20.43% YoY despite market turmoil
The increase was driven by loan disbursement and non-interest income growths from derivative forex transactions
MP
Marella Putri 11 months ago . 1 min read
Companies
Bakrie Group and Air Products to build methanol production facility
They had signed an agreement to build a coal-to methanol production facility in Bengalon, East Kalimantan, and are committed to taking the methanol production off to sell in Indonesia by 2024
MP
Marella Putri 11 months ago . 1 min read
Insights
World Bank approved $700 million of financing to help Indonesia fights against COVID-19 pandemic
The financing is divided into two projects, one for Indonesia's Social Assistance Reform Program and the other goes as COVID-19 Supplemental Financing for Indonesia's First Financial Sector Reform Development Policy Loan
MP
Marella Putri 11 months ago . 1 min read
Companies
Poultry and aqua feed drove JPFA's 1Q growth
Subsequent quarters however pose challenges to JPFA as demand in poultry has been declining since COVID-19 pandemic hit
MP
Marella Putri 11 months ago . 1 min read
Companies
Semen Indonesia Group maintained growth in 1Q
Next to increasing exports, the improvements were mainly driven by the synergy and efficiency initiatives SMGR has undertaken since 2018.
MP
Marella Putri 11 months ago . 2 min read
Companies
Bank Rakyat Indonesia posted flat earnings in 1Q
Affected by COVID-19 pandemic, the bank saw its net profit dropped and NPL rose from a year earlier
MP
Marella Putri 11 months ago . 1 min read
Companies
PT Mayora Indah's Q1 had robust earnings growth but shrinking top line
The company’s sales declined due to the weakening export market
MP
Marella Putri 11 months ago . 1 min read
Companies
Government Gives Liquidity Injection to the Banking Sector
The regulation aims to help lenders cope with the financial impacts of the COVID-19 outbreak.
MP
Marella Putri 11 months ago . 1 min read
Companies
Mitra Keluarga enjoyed growths in 1Q, seeks to capitalize on COVID-19 treatments
The rise in revenue is mainly attributed to the new demand for COVID-19 treatment
MP
Marella Putri 11 months ago . 1 min read
Companies
HEAL maintained stable occupancy rate amid COVID-19 pandemic
Despite declining visitors for non-critical treatments, PT Medikaloka Hermina has been able to maintain the occupancy rate mainly due to the company’s decision to become one of the private hospitals that accept coronavirus patients
MP
Marella Putri 11 months ago . 2 min read
Companies
BNI to raise $2 billion from Euro MTN
The securities issuance aims to keep the bank steady amid macroeconomic headwinds due to the COVID-19
MP
Marella Putri 11 months ago . 1 min read
Companies
INCO's matte nickel output rose in Q1
The performance, however, was lower than Q4-2019, and the industry is facing slower global demand due to COVID-19
MP
Marella Putri 11 months ago . 1 min read
Technology
Long-Distance Healthcare
COVID-19 drives unprecedented demand for telehealth startup Alodokter
MP
Marella Putri 11 months ago . 4 min read
Companies
Bank CIMB Niaga reported an 11.8% jump on net profit in Q1-2020
The accomplishment was mainly driven by non-interest income growth and operating expenses reduction.
MP
Marella Putri 11 months ago . 1 min read
Companies
Bank Mandiri and Hutama Karya raised funds from global bonds issuance
Bank Mandiri offered $500 million global bonds, while Hutama Karya launched its first-ever global bond of $600 million earlier
MP
Marella Putri 11 months ago . 1 min read
Insights
Commercial airlines resume flights amid PSBB
Commercial operations are allowed to serve domestic routes, with safety measure and seating adjustment for passengers.
MP
Marella Putri 11 months ago . 2 min read
Insights
Global bonds expands FX reserves, more room to protect rupiah amid COVID-19
One of the global bonds issued by the government was Asia's longest-dated dollar bond of $4.3 billion which was issued last month
MP
Marella Putri 11 months ago . 1 min read
Insights
Indonesia's economy grew at its weakest pace since 2001 in 1Q-2020
The 2.97% growth is far lower than many projections, and the slowdown is predicted to drag to the second quarter.
MP
Marella Putri 11 months ago . 1 min read
Companies
TBIG sees growing demand for tower tenancies from telecommunication providers
After booking a positive performance in the first quarter, PT Tower Bersama Infrastructure should expect a prosperous remainder of 2020 despite the ongoing COVID-19
MP
Marella Putri 11 months ago . 2 min read
Insights
Jokowi called for immediate debt relief for developing countries
Jokowi emphasizes to all NAM countries member at the High Level Meeting to solidify unity against COVID-19 pandemic and asks equal access to coronavirus medicine for developing countries.
MP
Marella Putri 11 months ago . 1 min read
Invesment
Circulate Capital invests in Jakarta-based recycling company Tridi Oasis
It is the first investment of the firm's $106 million Ocean Fund. The undisclosed amount will help Tridi Oasis to scale and expand its recycling capacity.
MP
Marella Putri 11 months ago . 4 min read
Insights
Inflation rate in April stood at 0.08%
BPS noted lower demand for goods and services a result of a slowdown in economic and social activities upon implementation of large-scale social restrictions (PSBB)
MP
Marella Putri 11 months ago . 1 min read
Companies
Ultrajaya enjoys positive trend
Domestic sales reaching Rp 1.61 trillion supported the company's growth in the first quarter.
MP
Marella Putri 11 months ago . 1 min read
Insights
Tax incentives introduced to mitigate COVID-19 impact
The government has extended tax incentives to help more manufacturing sectors, relieve loans for SMEs and income taxes, and more.
MP
Marella Putri 11 months ago . 1 min read
Companies
Bank Danamon booked Rp 1.25 trillion profit in Q1-2020
The 33% YoY growth was driven by increasing demand for loan, as well as better composition in fee-based income and more robust funding
MP
Marella Putri 11 months ago . 1 min read
Companies
Sarana Menara Nusantara showcased 10% sales growth, intends to spend more amidst pandemic
TOWR is allocating Rp 3-3.5 trillion in capital expenditures this year, which will be mainly used to construct the fiber optic cables and to add around 2000-3000 new tenants
MP
Marella Putri 11 months ago . 2 min read
Companies
KINO booked 11% increase in sales, challenges remain ahead
After a positive performance in Q1-2020, the cost of KINO's raw materials and slowing distribution due to the COVID-19 pandemic may challenge the company's 2020 target
MP
Marella Putri 11 months ago . 2 min read
Companies
ROTI booked positive growth in Q1-2020
The company recorded net sales of Rp 912.9 billion YoY, a 15.3% increase from last year driven from its traditional and modern trade channels.
MP
Marella Putri 11 months ago . 1 min read
Invesment
EverHaüs talks about investing amid COVID-19 pandemic, deals with GoKampus & ReCharge
Gitta Amelia shares Everhaüs recent investment and plans, and how the current pandemic influences the VC's strategy.
MP
Marella Putri 11 months ago . 2 min read
Companies
Mixed performances in financing industry in Q1-2020
Coronavirus has affected borrowers' capability to repay debts
MP
Marella Putri 11 months ago . 1 min read
Insights
Discussion on omnibus bill on job creation postponed
The move is meant to avoid workers' mass protest before the May Day amid the Covid-19 pandemic.
MP
Marella Putri 11 months ago . 1 min read
Insights
CPO industry hit by uncertainty
Indonesia's palm oil exports for the first two months have declined by 20% to 4.93 million, the dropping demand caused by coronavirus pandemic
MP
Marella Putri 11 months ago . 1 min read
Companies
Bank BJB to merge with Bank Banten
During the due diligence process, both controlling shareholders, which are the governors of West Java and Banten, has agreed to team up in business operations, primarily on supporting Bank Banten's liquidity needs
MP
Marella Putri 11 months ago . 1 min read
Companies
Japanese firm acquired PT Semen Indonesia subsidiary
PT Semen Indonesia Tbk has agreed to sell 15% of its subsidiary PT Solusi Bangun Indonesia Tbk (SMCB) shares to a Japanese firm, Taiheiyo Cement Corporation (TCC)
MP
Marella Putri 11 months ago . 2 min read
Companies
Sido Muncul books positive growth in 2020's first quarter
Herbal medicine and supplements segment sales led the company's overall growth
MP
Marella Putri 1 year ago . 1 min read
Insights
Indonesia's Q1 direct investment amid Coronavirus pandemic
Foreign direct investment dropped by 7% due to coronavirus pandemic
MP
Marella Putri 1 year ago . 1 min read
Insights
BI Survey: Manufacturing and Tourism Sectors Hurt Most by COVID-19
The survey confirms significant impact of COVID-19 pandemic on manufacturing and tourism industry; as opposed to agriculture and related industries which were able to book growth.
MP
Marella Putri 1 year ago . 2 min read
Companies
Value Seeker
Bahrain-based Investcorp cites Indonesia as key market for its Asia expansion.
MP
Marella Putri 1 year ago . 8 min read
Inspiring Woman
Ahead of the Curve
A senior woman banker, Vera Eve Lim now plays a bigger role in the country’s largest private bank
MP
Marella Putri 1 year ago . 6 min read
Business
COVID-19 impact, airlines shift focus to charter flights
As number of passengers decline, airlines focus on cargo to maintain logistics distribution
MP
Marella Putri 1 year ago . 1 min read
Forbes List
Indonesia's Billionaires: Familiar faces remain on the list despite year's shaky start
Forbes recently launched its 2020 World Billionaires list, consisting of 2,095 names with a combined net worth of $8 trillion. This year, 15 Indonesian tycoons made it to the list, racking up a $53.7 billion fortune.
MP
Marella Putri 1 year ago . 2 min read
Inspiring Woman
Managing Uncertainty
Mari Elka Pangestu was appointed as managing director at the World Bank facing a challenging time. Her extensive experience and expertise on development issues are urgently needed.
MP
Marella Putri 1 year ago . 9 min read
Entrepreneurs
Universal Education
Private school SIS Group has already made quality education more affordable and plans to make it even more so.
MP
Marella Putri 1 year ago . 6 min read
Insights
Stronger Ties
Newly signed agreement between Indonesia and Australia will further integrate the neighboring economies
MP
Marella Putri 1 year ago . 5 min read
Companies
Seizing Opportunities
As banking industry changes, OCBC NISP plans to stay updated.
MP
Marella Putri 1 year ago . 5 min read
Entrepreneurs
Sweet Success
Edward Tirtanata leads coffee chain Kopi Kenangan in its mission to brew across the country and beyond
MP
Marella Putri 1 year ago . 6 min read
Business
Forward Looking
Forbes Indonesia talks with representatives of international chamber of commerce on investment climate.Foreign direct investment (FDI) realization continues its downward
EC
Ester Christine Natalia 2 years ago . 8 min read
Business
Building Bridges
Berlin is making the first step to bridge opportunities with Asia, creating the first intercontinental startup ecosystem with wide areas of collaboration for both sides.
MP
Marella Putri 2 years ago . 5 min read
Business
Forbes Indonesia 50 Richest: The Top Gainers
Indonesia strong performance in economy and composite index had made the country tycoons wealthier this year. The biggest gainer in
EC
Ester Christine Natalia 2 years ago . 3 min read
Companies
Shedding Light
Schneider Electric advances smarter ways of electricity consumption and distribution.
MP
Marella Putri 2 years ago . 5 min read
Companies
Bank Reboot
Tigor Siahaan has revitalized the performance of CIMB Niaga bank.When Tigor Siahaan took over as president director of PT CIMB
UE
Ulisari Eslita 2 years ago . 7 min read
Companies
Rejuvenating Momentum
Nissan’s Yutaka Sanada aims to double its market share in Indonesia.Globally, Nissan Motor Company is a predominant force in the
RY
Robert Yota 2 years ago . 6 min read
Companies
Master of Luxury Brands
By any measure, Irwan Mussry’s Time International is a luxury fashion powerhouse.
MP
Marella Putri 2 years ago . 8 min read