Apr 6, 2026 | Industries, Market
Haryanto Tjiptodihardjo, controlling owner of plastic processor PT Impack Pratama Tbk (IMPC), was listed 11th richest Indonesian by Forbes magazine in 2025 ahead of real rich persons like Lim Haryanto (Harita Group), TP Rachmat (Triputra Group), and even Sukanto...
Apr 2, 2026 | Industries, Market
State-owned steel manufacturer Krakatau Steel (KRAS) recorded net profit of US$325.5 million last year against loss of US$155 million in 2024, but that was attributable to non-cash gain from debt restructuring. The company’s operations actually worsened. Krakatau...
Apr 1, 2026 | Industries, Market
Cement industry, no doubt, remains under pressure due to lower government investments in infrastructure and weaker purchasing power for property products. Three major cement manufacturers listed on the Indonesia Stock Exchange (IDX) were forced to dismiss over 1,000...
Mar 30, 2026 | Industries
Similar to PT Asahimas Flat Glass Tbk (AMFG), glass manufacturer PT Mulia Industrindo Tbk (MLIA) booked net loss of Rp4.54 billion last year against profit of Rp311 billion in 2024 due to lower sales revenues and squeezed margins. Mulia Industrindo generated sales...
Mar 26, 2026 | Industries
Shares of Chandra Asri Pacific (TPIA), involved in oil refining and petrochemicals, declined 3.3% to Rp5,075 in the morning session Thursday (Mar 26) amidst uncertainties in the Middle East. The stock has lost 50% from its recent peak despite accounting gain from...
Mar 26, 2026 | Industries
Indonesia exported nearly US$28 billion worth of iron and steel (HS72) products last year, an increase of 8.4% from 2024, thanks to higher domestic production capacity. The country is set to generate more export revenues from the sector with new facilities entering...
Mar 25, 2026 | Industries
Polychem Indonesia (ADMG), manufacturer of ethylene glycol, booked net loss of US$3.1 million last year, down 70% from 2024. Looks improved, but the company’s gross profit margin was 1.1% only. Polychem, controlled by Gajah Tunggal Group (Sjamsul Nursalim Family),...
Mar 17, 2026 | Industries
Global electric vehicle (EV) sales reached 1.1 million units in February 2026, down 11% from both January 2026 and February 2025, according to data from Benchmark Mineral Intelligence. Year-to-date, sales totalled 2.2 million vehicles, an 8% decline compared to the...
Mar 10, 2026 | Industries, Market
Some Indonesian manufacturers opted to reduce significantly their workforce due to steady increase of minimum wage and allowances. Others avoided adding workers due to higher portion of direct labour costs in manufacturing activities. Kirana Megatara (KMTR), the...
