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...
Mar 4, 2026 | Industries, Market
PT Uni-Charm Indonesia Tbk (UCID), one of big players in diapers market, booked net loss of Rp1.19 trillion last year against net profit of Rp350 billion in 2024. What happened to the company? First of all, sales revenues dropped by 17.5% to Rp7.98 trillion, while...
Feb 26, 2026 | Industries, Market
Joao Angelo de Sousa Mota, CEO of Agrinas, who dropped his resignation last year after openly criticizing Danantara, openly defended the policy to import 105,000 pickup trucks from India even after ‘strong man’ Sufmi Dasco Ahmad, deputy chairman of President Prabowo’s...
Feb 22, 2026 | Industries, Market
Prabowo administration’s decision to import 105,000 trucks from India through state company PT Agrinas has finally gained more oppositions, which is rare these days. Analysts, automotive industry association, lawmakers, and even ministry of industry have expressed...
Feb 20, 2026 | Industries, Market
Shares of PT Steel Pipe Indonesia/Spindo Tbk (ISSP) advanced 4.42% Thursday (Feb 19) to follow 7.33% gain earlier on Wednesday as investors responded positively the company’s stable financial performance last year. Spindo recorded net profit of Rp534 billion, inched...
Feb 12, 2026 | Industries
PT Fajar Surya Wisesa Tbk (FASW) or Fajar Paper, one of the largest paper manufacturers in the country controlled by Thailand’s SCG, reported net loss of Rp1.14 trillion last year, inched up from Rp1.1 trillion in 2024 due to a lot of factors. Fajar Paper’s sales...
Feb 10, 2026 | Industries, Market
The Financial Services Authority (OJK) claimed that the financial system had provided Rp148.6 trillion of financing to President Prabowo’s Red-and-White Village Cooperative (KDMP) program last year. Details are not available, but since fourth quarter of 2025, PT...
Feb 9, 2026 | Industries, Market
State steel maker PT Krakatau Steel (KRAS), which struggled for decades to make money, has Danantara as its saviour. After receiving US$295 million shareholders’ loan late last year, which likely be converted into equity, Danantara stepped in as investor to replace...
