Economy



  • Targeting Two-Sided Growth
    Economy

    Targeting Two-Sided Growth

    Vice CEO of Archi Indonesia Rudy Suhendra explains why the gold business is still attractive amid the decline in commodity prices. 

  • Maiden Flight for New Low-Cost Carrier
    Economy

    Maiden Flight for New Low-Cost Carrier

    Super Air Jet is getting its fleet ready for take-off. Opportunities and challenges abound

  • The Red Lion's New Blood
    Economy

    The Red Lion's New Blood

    The Kirana family builds a new airline, Super Air Jet. They are racing against time to pay off the mounting debts debilitating the Lion Air Group.

  • A Debt Cushion is Not Forever
    Market Pulse

    A Debt Cushion is Not Forever

    Yopie Hidayat (Contributor)

  • Commodity Exchange Utilization Is Not Yet Optimal
    Economy

    Commodity Exchange Utilization Is Not Yet Optimal

    The number of gold, oil, and foreign exchange investors at the Indonesian Commodities and Derivatives Exchange jumped 1,520 percent in 2020 compared to the same period in 2019. An interview with ICDX CEO Lamon Rutten.

  • Wavering from Heart Failure
    Economy

    Wavering from Heart Failure

    Poor cellular phone sales performance further added to the difficulties of Tiphone Mobile Indonesia. Its subsidiaries are overburdened by debt.

  • When the King of Vouchers Goes Bankrupt
    Economy

    When the King of Vouchers Goes Bankrupt

    Hengky Setiawan is nicknamed “The King of Vouchers” due to his success in selling mobile phone credit top-up vouchers. He is known for his tenacity and skill in establishing business relations.

  • One Down, Three to Frown
    Economy

    One Down, Three to Frown

    Telkom could lose its investment in Tiphone Mobile Indonesia, a company on the verge of bankruptcy. New problems raise back suspicions over a peculiar transaction made seven years ago, involving the Sinar Mas Group. 

  • A Bogus Sense of Crisis
    Market Pulse

    A Bogus Sense of Crisis

    Yopie Hidayat (Contributor)

  • Going Strong in Southeast Asia
    Economy

    Going Strong in Southeast Asia

    Business expansion of Aplikasi Karya Anak Bangsa alias Gojek outside Indonesia is predicted to be stronger after collaborating with AirAsia Group. After transferring application-based transportation services and financial technology in Thailand to AirAsia, Gojek will concentrate to work on the Vietnamese and Singaporean markets.

  • Problems before the Takeover
    Economy

    Problems before the Takeover

    A civilian group is suing Chevron Pacific Indonesia and the government for environmental pollution at the Rokan Block in Riau. It is one of many unresolved issues during the transfer of the oil field to Pertamina as the new operator.

  • More to Pay after the Acquisition
    Economy

    More to Pay after the Acquisition

    State electricity company, PLN, acquired the North Duri Cogeneration Power Plant. Additional expenditures await them at the Rokan Block.

  • Herd Immunity is the Key
    Market Pulse

    Herd Immunity is the Key

    Yopie Hidayat (Contributor)

  • Sweet Dreams of Sugar Factories
    Economy

    Sweet Dreams of Sugar Factories

    Perkebunan Nusantara (PTPN) will divest the assets of its subsidiaries engaged in the sugar business. A new company is being prepared to attract jumbo investors.

  • Questionable Profits
    Economy

    Questionable Profits

    Perkebunan Nusantara III claims to have reaped profits. Was it because of improved operating performances, or was it the result of debt restructuring?

  • Tourism Program on Hold
    Economy

    Tourism Program on Hold

    The Indonesian government postponed programs related to tourism during the implementation of the emergency public activity restrictions (PPKM). Travel agents are diversifying their services as the PPKM continues.

  • Emergency Brake to Stop Grandiose Dreams
  • Multi-Layered Checks for International Routes
    Economy

    Multi-Layered Checks for International Routes

    Hong Kong’s ban on flights from Indonesia serves as a wake-up call for airlines to tighten health requirements for passengers.

  • Reasons for Arrears
    Economy

    Reasons for Arrears

    The National Disaster Mitigation Agency (BNPB) uses the excuse of waiting for an audit to reimburse arrears to hotels providing isolation services. One instance of a slew of issues in budget management related to Covid-19 mitigation.

  • Mounting Hotel Bills
    Economy

    Mounting Hotel Bills

    The National Disaster Mitigation Agency (BNPB) suspends the financing of isolation services for asymptomatic Covid-19 patients as well as the accommodation of health workers. They owe Rp140 billion to hotel networks, which are still reeling from the pandemic.

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