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Economy
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.
Economy
Maiden Flight for New Low-Cost Carrier
Super Air Jet is getting its fleet ready for take-off. Opportunities and challenges abound
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.
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.
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.
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.
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.
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.
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.
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.
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.
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?
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.
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.
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.
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.