WIKA Records Rp2 Trillion Net Profit
Net Profit in 2018 grew 52.89% Total Assets in 2018 grew 29.65% JAKARTA – (ACN Newswire) – PT WIJAYA KARYA (Persero) Tbk announces a net profit of Rp2.07 trillion for…
Intiland Books Rp2.6 Trillion Revenue in 2018
JAKARTA – (ACN Newswire) – Property developer PT Intiland Development Tbk (Intiland; DILD) reported a 16 percent increase in revenue to Rp2.6 trillion in 2018 from Rp2.2 trillion in 2017.…
Astrindo Nusantara Infrastructure (“BIPI”) Refinances Credit Suisse Loan
JAKARTA – (ACN Newswire) – PT Astrindo Nusantara Infrastruktur Tbk (“BIPI”) succeeded in raising US$235 million from foreign creditors led by Barossa Assets Ltd. and Goldman Sachs Asia Strategic Pte.…
Online Loans in Indonesia Present an MSME Business Capital Solution
JAKARTA – (ACN Newswire) – The rapid development of Indonesia’s fintech industry, especially in the online lending sector, has brought about with it some fresh air, especially for the people…
Maybank Indonesia announces Maybank Bali Marathon 2019 Dates and Registration
JAKARTA – (ACN Newswire) – PT Bank Maybank Indonesia Tbk (Maybank Indonesia) today announced this year’s Maybank Bali Marathon (MBM 2019) will be held on September 9, 2019, with running…
Hotel Digest: Andaz Capital Gate Abu Dhabi Opens; Preferred Hotels Adds Hotel in Indonesia
Global hospitality firm Hyatt Hotels Corporation has announced the opening of Andaz Capital Gate Abu Dhabi, which turned iconic “Leaning Tower of Abu Dhabi” into the first Andaz branded hotel…
Ambassador of the Kingdom of Saudi Arabia Inaugurates VFS Branch In Order to Facilitate Biometric Services
JAKARTA – (ACN Newswire) – Saudi Arabia’s Ambassador to Indonesia, HE Osamh Mohammed Abdullah Shuibi, inaugurated the VFS / TasHeel branch at Epiwalk, South Jakarta, on Monday (9/24). The inauguration…
FinTech Indonesia Signs Collaboration Agreement with FinTech Australia
The peak financial technology (fintech) industry bodies in Indonesia and Australia have signed a landmark agreement to help drive exchanges of talent and expertise between the two growing fintech markets.…
Allianz Announces New Indonesia Leadership Changes
JAKARTA – Allianz today announces the appointment of Joos Louwerier as Country Manager & CEO, Allianz Life Indonesia, where he will oversee the growth strategy and have overall management responsibility…
China Fortune Land To Launch Indonesia’s First International New Industry City
China Fortune Land Development (CFLD), one of China’s biggest real estate companies, is set to launch Indonesia’s first international new industry city on 6 April, according to a Xinhua report.…
Lower Economic Growth Forecast for Indonesia
The World Bank has trimmed its growth for Indonesia from 5.3 percent to 5.2 percent this year, citing global uncertainty and rising inflation. In its quarterly report, the bank said…
Indonesia Now Has 42 Reinsurance Brokerage Firms
The number of reinsurance brokerage companies in Indonesia now stands at 42 after the country’s financial services regulator granted operational licenses to two new reinsurance brokers. The Financial Services Authority…
Yamaha to Set Up New Plant in India, Indonesia
JAPAN – Yamaha Corporation (Yamaha) is planning to establish a manufacturing subsidiary in Indonesia, PT. Yamaha Musical Products Asia (YMPA), and construct a new factory in that country. Yamaha’s board…
Bali, Indonesia Landslide Kills 7
INDONESIA – At least seven people died while four others were injured when landslides hit houses in Indonesia’s Bali before midnight Thursday, the national disaster management agency said. The landslides…
Fast Facts on Grab’s $700 Million Investment in Indonesia
Southeast Asia’s ride-hailing platform Grab is investing up to US$700 million in Indonesia over the next four years, according to the country’s Investment Coordinating Board, the Badan Koordinasi Penanaman Modal…
Indonesian Terror Suspect, 14 Others Killed in Philippine Airstrikes
LANAO DEL SUR, Philippines – An Indonesian terror suspect was among the 15 suspected terrorists killed in the latest operation launched by the Armed Forces of the Philippines (AFP) in…
Frasers Hospitality Strengthens Foothold in Indonesia
In line with plans to anchor its presence in the largest economy in Southeast Asia, Frasers Hospitality Group, a division of Frasers Centrepoint Limited, will be launching Fraser Suites Kuningan…
3 Fast Facts on Maynilad’s Joint Venture Deal with Moya Indonesia
Maynilad Water Services Inc (Maynilad), the private firm managing the water services of the western zone of Metro Manila in the Philippines, has signed a joint venture agreement (JVA) with…
Garuda Indonesia Posts Strong Net Income Growth in Q3
Indonesia’s flag carrier, Garuda Indonesia (IDX:GIAA), posted net income of US$19.6 million during the third quarter of this year as an outcome of the initial implementation of the ‘Sky Beyond’…
Indonesia’s Wintermar Offshore Marine Posts 197% Profit Rise in 9 Months
Wintermar Offshore Marine (IDX:WINS), an Indonesian offshore marine services firm, has posted profit growth of 197%, year-on-year, to USD7.1 million in the first nine months of this year, reflecting better…