| September 27 2022 |
| Garuda files debt restructuring recognition under Chapter 15 in US |
| Garuda Indonesia has filed a request under Chapter 15 of the United States bankruptcy code in New York to recognize its debt-restructuring deal, which it agreed in a Jakarta court last June. The airli... Read more |
| The Jakarta Post |
| September 27 2022 |
| KAI claims saving 10% electricity cost with solar panel installation in Gambir, JRC Building |
| PT Kereta Api Indonesia or KAI installed solar panels at Gambir Station and the Jakarta Railway Center (JRC) building, with 40.5 kWp and 40 kWp capacities, respectively. The state-run railway company ... Read more |
| Tempo |
| September 27 2022 |
| House approves capital injections for Garuda Indonesia |
| The House of Representatives (DPR) Commission XI has approved the government's plan to disburse Rp7.5 trillion in state capital injections (PMN) to Garuda Indonesia following the court's ruling that t... Read more |
| Tempo |
| September 27 2022 |
| Garuda seeking 39% flight market share |
| Garuda Indonesia is seeking to expand its share of the domestic flight market to 39 percent by 2026 from 37 percent in 2021, its president director, Irfan Setiaputra, has informed. The Garuda Group, w... Read more |
| Antaranews |
| September 27 2022 |
| MNC Energy Investments (IATA) targets 10 million tons of coal production in 2023 |
| PT MNC Energy Investments Tbk (IATA) continues to boost coal production. This year, IATA is targeting a production realization of 6.3 million tons of coal. This number increased compared to the realiz... Read more |
| Kontan |
| September 27 2022 |
| Adi Sarana Armada (ASSA) establishes new subsidiary |
| PT Adi Sarana Armada Tbk (ASSA) formed a new business entity in the logistics sector. The company was named PT Kargo Bersama Logistik (KBL) which was established on September 22, 2022. ASSA Corporate ... Read more |
| Kontan |
| September 26 2022 |
| Garuda set to be profitable again next year |
| Garuda Indonesia can look forward to almost US$400 million in net profit next year and more in the following years, the government forecasts, pointing to a turnaround for the debt-laden national flag ... Read more |
| The Jakarta Post |
| September 26 2022 |
| Indika, Foxconn sign JV agreement on EV factory |
| Electric vehicle (EV) company PT Mitra Motor Group (MMG), a subsidiary of coalminer PT Indika Energy, created a joint venture (JV) with EV component producer Foxteq Singapore on Sept. 22. According to... Read more |
| The Jakarta Post |
| September 26 2022 |
| Jakpro to commence construction of waste-to-energy plant ITF Sunter after years of delays |
| City-owned developer PT Jakarta Propertindo (Jakpro) has recently announced that the construction of Jakarta’s first waste-to-energy incinerator in Sunter, North Jakarta, will commence by the end of... Read more |
| The Jakarta Post |
| September 26 2022 |
| Indosat Ooredoo Hutchison announce layoff of 300+ employees |
| Telecommunications provider Indosat Ooredoo Hutchison announced that the company has decided to lay off more than 300 of its employees. The announcement was confirmed by Head of Corporate Communicatio... Read more |
| Tempo |