US-based investment firm KKR has decided to provide US$750 million financing to Chandra Asri (TPIA), the largest petrochemical firm in Indonesia which ventured into logistics and energy business in recent years. Funds from KKR will be used to finance the acquisition of Esso-branded retail fuel station network from ExxonMobil in Singapore.

Sovereign wealth fund Danantara is pushing for completion of merger of investment management companies, which would have a commanding market position ahead of Manulife and Schroders Indonesia. 

Minister of finance Purbaya Yudhi Sadewa expressed his concerns about lack of criticism from Indonesian media as among factors contributing to the economic stagnation. But, what if the ruling elite’s ignorance to criticism is the main issue?

One company, subsidiary of a state company, booked net loss of Rp37 billion in Jan-Sep 2025, slashed from Rp720 billion losses in the corresponding period last year. The company’s current ratio improved dramatically from 120% to 420%. But, why are investors worried?

In recent months, several Indonesian companies experienced Cesium-137 (Cs-137) contamination. The contamination was spread from a local scrap metal collection site and affected various industries. This leads to product recalls for some companies, while other companies have completed decontamination.

Sovereign wealth fund Danantara believes flag carrier Garuda Indonesia (GIAA) will start generating profit next year after injecting huge cash, whilst lower than previous plan, this year. While this would Garuda’s working capital, the flag carrier needs to take more bold initiatives to improve its operational efficiency.

The country again finds itself captivated by the corporate theater surrounding a potential Grab–GoTo merger. Ministers, advisors, and political operatives appear increasingly drawn into the discussions, as if the fate of Indonesia’s mobility ecosystem depends on which private platform absorbs the other.

Indonesia’s gaming industry has expanded rapidly in the past decade, yet its most promising developers remain trapped in a paradox: they are celebrated for creativity, but rarely valued properly as businesses. The recent spotlight on Strayflux, a Bandung-based indie studio behind As I Began to Dream, illustrates this structural imbalance.

An unknown company PT Solar (or Solra) Energi Terbarukan has reportedly acquired 47.81% shares in PT Celebes Railway Indonesia (CRI), developer and operator of the Makassar-Pare Pare railway project in South Sulawesi, from state EPC firm PT Pembangunan Perumahan Tbk (PTPP) for Rp282.1 billion.

So, state-owned EPC firm PT Pembangunan Perumahan Tbk (PTPP), which is slated to merge with fellow state EPC firm PT Adhi Karya (ADHI) Tbk, is seeking approval from shareholders for divestment of majority shares in subsidiary PT PP Infrastructure (PP Infra) for Rp1.4 trillion to PT Varsha Zamindo Lestari (Varsha Water).