Baowu Steel in Indonesia

Feb 3, 2023 | Profiles

In August 2022, Reuters reported a plan from Tsingshan Holdings to sell some assets in Indonesia to Baowu Steel, one of the world’s largest steel producers with annual production capacity of 120 million tons. Both companies yet to update investors about progress of...

CATL: Here, There, and Everywhere

Jan 20, 2023 | Profiles

So, one in three electric cars uses batteries produced by China’s CATL. In the first three weeks of 2023, the company has signed three important agreements, two in China and one in Indonesia. In China, CATL signed business partnerships with NIO and NETA Auto, both are...

The Fall of TaniHub

Dec 12, 2022 | Law, Profiles

As the digital era develops, start-ups in the agritech field have attracted attention. The aspirations of most of the founders are similar, breaking the distribution chain from farmers to buyers and strengthening the position of farmers. Several years passed with the...

Jackson Tandiono and Nipress

Dec 5, 2022 | Law, Profiles

The past few years have been difficult for PT Nipress Tbk (NIPS). Trading in the company’s shares has been suspended since 2020. The company is now on the verge of being delisted. The company and its subsidiaries and its affiliated companies have to face several...

Esqa & people behind

Dec 5, 2022 | Profiles

A beauty brand Esqa by PT Keva Cosmetics International has raised US$6 million in a series A funding round led by Unilever Ventures with participation from East Ventures. The fresh funding, therefore, will be used for product development, hiring, marketing, and...

The New Chairman of HIPMI

Nov 25, 2022 | Profiles

The Indonesian Young Entrepreneurs Association (HIPMI) has a new chairman. Akbar Himawan Buchari has been elected as the new chairman of HIPMI for 2022-2025 period in the chairmanship congress held in Surakarta, Central Java. Akbar, as we’ve reported before, was...

Wedding of the Year

Nov 16, 2022 | Profiles

Kaesang Pangarep, the the youngest son of President Joko “Jokowi” Widodo, will tie the knot with Erina Sofia Gudono next month. The groom and the bride have yet to officially announce their wedding day, but many reports said the wedding day will be on Dec. 10, 2022....

Soeboeb Sariaatmadja passes away

Nov 11, 2022 | Profiles

Raden Muhamad Soeboeb Sariaatmadja, father of Raden Eddy Kusnadi Sariaatmadja, who is controlling owner of Emtek Group, has passed away on Thursday (Nov 10) at 98 years old.  The late Soeboeb, born as a Moslem but reportedly converted to Christianity, leaves behind...

Darmawan Kurniadi passes away

Nov 4, 2022 | Profiles

Businessman Darmawan Kurniadi, co-founder of Mayora Indah (MYOR), one of the largest food and beverages companies in Indonesia, has passed away on November 1st, 2022 at 89 years old. He leaves behind a daughter and two grandchildren. Darmawan initially owned 25%...

Bakrie Group’s Revival

Nov 1, 2022 | Profiles

“I see bright face of Pak Ical now because coal price hovers above US$400 per ton,”  said President Joko ‘Jokowi’ Widodo during a speech at Golkar Party’s anniversary last week, when he greeted Golkar Party’s chairman of patron board Aburizal Bakrie. Bumi Resources...