Nov 19, 2025 | Uncategorized
The troubled state pharmaceutical company Indofarma (INAF) dismissed almost all of its workers, including 413 in September alone, in the first nine months of the year. Fellow state pharmaceutical Kimia Farma (KAEF), where Indofarma is planned to be merged, also let go...
Jul 29, 2024 | Market, Uncategorized
State-owned EPC firm Waskita Karya (WSKT), which has been tasked to develop some toll roads and implicated in series of corruption cases, reported net loss of Rp2.16 trillion in the first half of 2024 despite improvements in gross profit margins. Waskita Karya...
Sep 7, 2022 | Industries, Uncategorized
PT Pupuk Indonesia Holding Company (PIHC), parent of state-owned fertilizer companies, booked a record Rp11.9 trillion of net profit in the first half ended June 30, 2022, skyrocketed from Rp2.68 trillion in the corresponding period last year, thanks to higher average...
Apr 29, 2021 | Uncategorized
Southeast Asia sees a rise of new COVID-19 cases. Thailand has logged over two thousand cases in the past five days. Its capital city Bangkok is the epicenter of the new wave of infection. Malaysia has also struggled with new cases hovering in the four digits, with...
Mar 17, 2021 | Uncategorized
President Joko Widodo asked the Ministry of Industry to examine an expanding and deepening luxurious tax for motorized vehicles with cylinders more than 1,500 cc, with a local component of a minimum of 70%. Last month, the Country launched a relaxation to the...
May 31, 2019 | Uncategorized
On March 15, 2019, the Corruption Eradication Commission (KPK) conducted a sting operation and arrested several people, including Romahurmuziy (Rommy), the chairman of the United Development Party (PPP). A day after the operation, the KPK named Rommy as one of the...
Feb 1, 2018 | Uncategorized
Mitra Investindo (MITI) spinned off its granite mining segment, managed by PT Bintang Mahkota Sukses (BMS), to PT Sanmas Mekar Abadi (SMA). MITI has recently signed agreement with PT Indelberg Oil Indonesia (formerly PT Benakat Oil). MITI will absorb convertible...
Jan 24, 2018 | Uncategorized
PT Bank Tabungan Negara (BTN) Tbk (BBTN) targets to set up two units or subsidiaries this year through acquisition and setting up joint venture (JV) entities. The new entities will engage in multifinance business. BBTN is set to acquire PT Danareksa Finance. The...
Aug 13, 2017 | Law, Uncategorized
Ministry of foreign affairs confirmed Saturday (August 13) that Johannes Marliem, key witness of e-KTP corruption case, died in Los Angeles Thursday morning. US authorities have reportedly confirmed identity of Marliem to Indonesian Embassy in Washington DC, but...
Jun 19, 2017 | Politics, Uncategorized
The Election Bill is still being discussed at the House of Representatives (DPR). The fate of the presidential threshold is at the heart of it. Both President Joko “Jokowi” Widodo and Vice President Jusuf Kalla are interestingly a part of the same chorus; asking for...
