After years of struggling, PT Graha Layar Prima Tbk (BLTZ), operator of CGV Blitz, reported net profit of Rp21 billion in the first nine months of 2018, skyrocketed almost 400% from the corresponding period last year. The Company generated sales revenues of Rp846 billion, jumped by nearly 43% from the comparable period last year.
Read MoreWinds of change are blowing in the TV industry, some say, and it’s happening faster than anyone thought. Streaming services, the rise of Netflix, Amazon, and plans from majors like Disney in offering own streaming services, might eventually change the future of cable TV providers like Indovision (MNC Sky Vision), LinkNet (Lippo), IndiHome (Telkom), etc.
Read MoreGrowing global trade tensions are weighing on non-energy commodity prices and are leading to downward revisions to 2019 price forecasts, the World Bank (WB) said. Oil prices are forecast to average US$74 a barrel over 2019, only...
Read MoreIndonesia’s Ease of Doing Business (EODB) global rank one step lower to 73rd rank compared to last year, says the World Bank (WB). WB stated that Indonesia’s EoDB index increase 1.42 bps to 67.96 bps. WB calculation is based on...
Read MoreFinancial technology (FinTech) startup Akulaku has raised US$70 million Series C round led by Chinese’s Finup, joined with Sequoia India, BlueSky Venture Capital, and Qiming Venture Capital. In June 2018, the street corner...
Read More