News & Event


July 09 2020
PGN looks to tap into petrochemical industry
PT PGN plans to diversify into petrochemical production over the coming years to help reduce Indonesia’s reliance on imported fossil fuels. PGN expects to complete a feasibility study on the plan wi... Read more
The Jakarta Post - Read 4 times
July 09 2020
Garuda plans to open direct flights to Bali from US, France, India to boost tourism
PT Garuda Indonesia Tbk plans to open direct flights to Denpasar, Bali, from the United States, France and India in an attempt to boost the country’s tourism that has been battered by the pandemic. ... Read more
The Jakarta Post - Read 4 times
July 09 2020
MRT Jakarta resumes construction of phase II project
PT MRT Jakarta announced that it has initiated the Phase 2A construction of the underground railway project that was halted due to the COVID-19 pandemic. MRT Jakarta president director William Sabanda... Read more
Tempo - Read 3 times
July 09 2020
No allowance; Lion Air laid-off workers threaten to stage rally
Hundreds of outsourced workers planned to stage a rally before the Lion Air Tower building, Jalan Gajah Mada, Central Jakarta, on Monday, July 13, 2020. The rally is to protest the firm’s unilateral... Read more
Tempo - Read 4 times
July 09 2020
Indonesia plans to shut down troubled life insurer Jiwasraya
Indonesia plans to close down embattled state life insurer Asuransi Jiwasraya and create a new company to settle outstanding claims, a move requiring state investment, the firm's chief executive said.... Read more
Kontan - Read 4 times
July 09 2020
Ciputra Development to book marketing sales Rp 2 trillion in 1H
PT Ciputra Development Tbk posted marketing sales worth Rp 2 trillion during first semester of 2020. The amount is equivalent to 29.85% of this year's target at Rp 6.7 trillion. Director of Ciputra De... Read more
Kontan - Read 3 times
July 08 2020
Airport operator to increase flight slots, normalize operational hours
PT Angkasa Pura (AP) II plans to increase the number of available flight slots and normalize its operational hours in July, as it seeks to spur the recovery of the aviation industry that has been seve... Read more
The Jakarta Post - Read 6 times
July 08 2020
Martina Berto targets $39m in annual sales despite slumping cosmetics demand
PT Martina Berto Tbk is targeting Rp 564 billion (US$39.09 million) in sales this year, 4.92 percent higher than last year’s figure, despite slumping demand for cosmetics. President director Bryan D... Read more
The Jakarta Post - Read 6 times
July 08 2020
Shell plans to exit gas-rich Masela Block project
Dutch oil and gas giant Shell plans to sell its 35 percent stake in the gas-rich Masela Block, including in a major gas project, according to an official familiar with the matter. Upstream Oil and Gas... Read more
The Jakarta Post - Read 4 times
July 08 2020
KAI predicted to face Rp3.4tn deficit until year's end
PT KAI was forecasted to experience operating cash deficit of up to Rp3.4 trillion until the end of 2020. This was attributable to the lower public mobility during the pandemic. KAI CEO Didiek Hartyan... Read more
The Jakarta Post - Read 5 times
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