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Major Business Groups So Far (5)

With the exception of property giant Lippo Karawaci (LPKR), other companies of Lippo Group have released their financial statement for the period ended Sept 30, 2019. Siloam Hospital (SILO), for example, booked net profit of Rp42.88 billion, skyrocketed from around Rp3 billion only in the first nine months of 2018.

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Investment Update

Indonesia will sign an investment agreement with South Korea’ Hyundai Motor Company regarding the electric vehicle (EV) industry in the country. The company is expecting to invest around US$1 billion for the project.

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Alami Gets US$1M From Singapore, Malaysia Firms

Indonesia fintech lending company, Alami, received funding of around US$1 million from four Singapore and Malaysia investors, the management said in a written statement on Wednesday (Nov 13). The company hopes to complete the...

US Budget Gap Rises in October

The US budget deficit widened to US$134 billion in October of 2019 from US$100.5 billion a year earlier and compared with market expectations of a US$133 billion gap. Receipts fell 2.8 percent to US$245.52 billion while outlays...

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Major Business Groups So Far (5)

With the exception of property giant Lippo Karawaci (LPKR), other companies of Lippo Group have released their financial statement for the period ended Sept 30, 2019. Siloam Hospital (SILO), for example, booked net profit of Rp42.88 billion, skyrocketed from around Rp3 billion only in the first nine months of 2018.

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