News & Event


June 23 2021
VPC doubles Kredivo investment to $200 million
Victory Park Capital Advisors (VPC), headquartered in Chicago, has invested another US$100 million in Kredivo as the Indonesian fintech start-up looks to expand its base to 10 million users. Following... Read more
The Jakarta Post - Read 0 times
June 23 2021
Indosat launches 5G service shortly after rival Telkomsel
Indosat has launched a commercial 5G service covering selected areas of five cities and plans to offer the high-speed connectivity in five more cities by year-end. In the initial stage, the 5G service... Read more
The Jakarta Post - Read 0 times
June 23 2021
Garuda Indonesia reacts to Hong Kong passenger flight ban
PT Garuda Indonesia president director Irfan Setiaputra responded to the latest ban imposed by the Hong Kong authorities on the flag carrier after one of its flights from Jakarta carries passengers th... Read more
Tempo - Read 0 times
June 23 2021
Garuda Indonesia lost Rp 35 trillion n in 2020 as revenue fell 70%
PT Garuda Indonesia Tbk posted US$2.5 billion net losses in 2020. The loss, which is roughly Rp35 trillion in today's rate, was the result of a 70-percent revenue decline from 2019's. According to the... Read more
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June 23 2021
Putra Rajawali Kencana recorded a net profit of Rp 3.9 billion in Q1
PT Putra Rajawali Kencana Tbk recorded a net profit in the first quarter of 2021 of Rp 3.9 billion. This net profit rose 6.91% compared to the same period in the first quarter of 2020, which was Rp 3.... Read more
Kontan - Read 0 times
June 23 2021
As of mid-June, Intiland Development posted marketing sales of Rp 947 billion
PT Intiland Development Tbk recorded that its marketing sales until mid-June 2021 reached Rp 947 billion, or almost 50% of the target set by this property company. The company has set marketing sales ... Read more
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June 23 2021
Satria Antaran Prima (SAPX) budgeted capex of Rp 56 billion from internal cash
PT Satria Antaran Prima Tbk has budgeted a capital expenditure (capex) of around Rp 56 billion this year. The allocation will be allocated for some other things; increasing the vehicle fleet and widen... Read more
Kontan - Read 0 times
June 23 2021
Intiland Development to book revenue of Rp 551 billion in the first quarter of 2021
PT Intiland Development Tbk booked revenues in the first quarter of 2021 of Rp 551 billion. This number decreased by 34 percent from the same period last year of Rp 831 billion. In the first three mon... Read more
Kontan - Read 0 times
June 23 2021
Itama Ranoraya’s sales reached Rp 331 billion until May 2021
PT Itama Ranoraya Tbk is optimistic that this year's growth target of 80-100% can be achieved. This is mainly supported by the results of the company's performance in the first five months of this yea... Read more
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June 22 2021
Telkomsel introduces new logo as symbol of change to provide opportunities for all
Following the successful launch of the first commercial 5G service, state-owned telecommunication operator Telkomsel has reaffirmed its commitment to digital transformation that will favor all people,... Read more
The Jakarta Post - Read 0 times
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