News & Event

October 26 2020
Matahari Department Store to close seven stores this year as pandemic
The corona pandemic (Covid-19) is putting pressure on the business of PT Matahari Department Store Tbk. During the year, the firm has closed its seven retail outlets. In addition, it has also closed a... Read more
Kontan - Read 2 times
October 23 2020
IFG Life to focus on protection-oriented insurance to avoid Jiwasraya's mistakes
State-owned insurance holding firm Indonesia Financial Group’s (IFG) life insurance subsidiary, IFG Life, is expected to focus on protection-oriented insurance in a bid to avoid the mistakes of aili... Read more
The Jakarta Post - Read 13 times
October 23 2020
OVO to collaborate with more investment, insurance firms next year
PT Visionet International (OVO) plans to grow its services and subsequently help boost the sector by collaborating with more investment firms, insurance companies and lending platforms in 2021. OVO CE... Read more
The Jakarta Post - Read 12 times
October 23 2020
Bank Mandiri appoints Darmawan Junaidi as president director
PT Bank Mandiri Tbk named Darmawan Junaidi its new president director to replace Royke Tumilaar, who was named president director of state-owned Bank Negara Indonesia (BNI) in September. Darmawan, who... Read more
The Jakarta Post - Read 14 times
October 23 2020
Operator confirms enforcement of Manado-Bitung toll road tariff soon
The Manado-Bitung toll road operator hinted that the toll road tariff will shortly be enforced at the 26.35-kilometer-long Manado-Danowudu toll road section inaugurated by President Joko Widodo on Sep... Read more
Antaranews - Read 15 times
October 23 2020
PT PAL director named suspect in PT DI graft case
The Corruption Eradication Commission (KPK) named state-owned ship manufacturer PT PAL President Director Budiman Saleh as suspect in a graft case involving fictitious projects at the state-owned airc... Read more
Antaranews - Read 12 times
October 23 2020
Garuda Indonesia, Lion Air to lower ticket price as Govt scraps airport tax
Garuda Indonesia and Lion Air Group airlines welcomed the government’s stimulus policy on the subsidy of the passenger service charge (PJP2U) or airport tax. Garuda Indonesia CEO Irfan Setiaputra sa... Read more
Tempo - Read 10 times
October 23 2020
Matahari Department Store’s revenue nosedive 57.5 percent in the third quarter
PT Matahari Department Store Tbk's revenue during the first nine months of 2020 decreased by 57.5% on an annual basis. The company only pocketed Rp 3.33 trillion in revenue, from Rp 7.83 trillion in t... Read more
Kontan - Read 0 times
October 23 2020
Unilever's net profit fell 1.27 percent to Rp 5.44 trillion
PT Unilever Indonesia Tbk pocketed a net profit of Rp 5.44 trillion by the end of September 2020, a decrease of 1.27% when compared to the same period last year of Rp. 5.51 trillion. Meanwhile, the fi... Read more
Kontan - Read 0 times
October 23 2020
Widodo Makmur Unggas targets to gain 15% market share in the next 5 years
PT Widodo Makmur Unggas targets in the next five years to become a provider of animal-based food products with 15% of total market share. For information, PT Widodo Makmur Unggas plans to carry out an... Read more
Kontan - Read 12 times
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