News & Event


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
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