Companies

MR.D.I.Y. Indonesia sustains expansion, delivering 205.6% net profit growth in 2024

MR.D.I.Y. Indonesia has reported a strong financial performance for the year 2024, delivering net profit growth of 205.6 percent year on year (yoy), amounting to Rp 1.1 trillion, outpacing revenue growth of 73.9 percent yoy to Rp 6.8 trillion.

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Lippo Group pledged to ‘resolve’ Meikarta project, ministry says

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Two hotels in Bogor temporarily cease operations due to budget cuts

Companies

Local media outlets court Google, Meta as publishers’ rights rule takes shape

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Editor's Picks

An employee arranges rupiah banknotes at Bank Mandiri in Jakarta on June 23, 2022. Currencies in Southeast Asia and around the world have dropped against the United States dollar this year as the Federal Reserve has hiked rates particularly fast.

Companies

The 2024 banking industry outlook

There are two situations in 2024 that will affect the condition of national banking; first, the general election; second, indications of a weakening global economy.

Handcrafted: Everything about the recreation car is mainly made up by hands, therefore the process of creating a car could take from six months to one year period. (JP/Yohana Belinda)

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Tuksedo gives cars from the past a brand-new future

A family-owned workshop in Bali recreates classic cars for discerning customers and is now looking to include EV options.

Companies

Indonesia, ExxonMobil sign agreement on CCS, petrochemical projects

The government, along with state-owned oil and gas corporation Pertamina, inked two agreements with United States oil and gas giant ExxonMobil pertaining to advancing the progress on carbon capture storage (CCS) projects and exploring a potential petrochemical complex in Indonesia.

Global, then local: Kurobokan founder Paulus Hyu plays with his French bulldog, which inspired his Nimbus series. While the company relies mainly on overseas buyers, Paulus believes more customers enthusiastic about collectibles will emerge in and grow the domestic market.

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From Frenchie to fortune: Kurobokan spotlights Indonesia-designed toys

With quirky collectibles, Kurobokan puts Indonesia on the map in the so-called kidult market, proving that toys are for everyone, no matter their age.

Companies Updates

The facade of the building in Jakarta housing sovereign wealth fund Danantara is pictured on Feb. 24, 2025.

Companies

Govt starts shifting SOE shares to Danantara holding

“PT BKI will become an operational holding company and will review issues related to the company's finances and operations,” Garuda said in a letter to the Indonesia Stock Exchange (IDX) on Wednesday.

A man uses his phone while waiting for customers at a clothing shop in Tanah Abang Market in Jakarta on March 6, 2025. Buying new clothes is a common tradition among Muslims to celebrate Idul Fitri, which marks the end of the holy month of Ramadan.

Companies

Consumer spending flattens during Ramadan

Companies

Consumer spending flattens during Ramadan

In the longer term, a significant factor contributing to the weakening of aggregate consumption is the shrinking middle class, the primary driver of economic growth.

Companies

GoPay supports government programs awareness through dedicated info page in GoPay app

GoPay has introduced the Government Program page on the GoPay App, which contains key information about various government programs aimed at the general public.

Companies

Danantara to fund new SOEs holding company Agrinas, senior minister says

The new state-owned agriculture holding company, which reuses the name of a previous company associated with permit fraud, is to manage three subsidiaries in food, plantations and fisheries, despite the existence of other SOEs operating in these sectors.

A woman walks past a digital display showing movements of major indexes on March 14, 2024, at the Indonesia Stock Exchange (IDX) in the Sudirman Central Business District, South Jakarta.

Companies

Companies move to buy back shares amid stock market decline

BRI, CNMA and several other listed companies have all moved to buy back shares during the March 21-June 20 period this year amid a declining trend on the Indonesian bourse.

Executive Column

Chat Luangarpa, president commissioner of Bank Maspion, which was acquired by Thaiand's Kasikornbank in 2022.

Executive Column: Being a small bank makes no sense, says KBank

Bank Maspion president commissioner Chat Luangarpa, who also serves as executive vice president of Kasikorbank (KBank), explains why the Bangkok-based lender acquired the local bank and how it aims to triumph in Indonesia’s competitive banking landscape.

FLSmidth sees energy transition driving global minerals demand

Mikko Keto, CEO of mining and cement technology and service supplier FLSmidth, speaks to The Jakarta Post’s Divya Karyza about the company’s views on regulatory and industry challenges and what to expect in the coming years.

Digibank ‘marathon’ has only just begun, Superbank says

Tigor Siahaan, president director of Superbank, shares his views on Indonesia’s digital banking landscape, the firm’s upcoming feature rollouts and his experience building a new bank.

Inchcape bets big on Indonesia

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Marriott International seeks to capitalize on travel recovery, demographic shifts

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Executive Column: Keep markets open to increase FDI, Citi says

Shieny Aprilia, CEO and cofounder of homegrown game developer Agate, poses for a photo during an interview with The Jakarta Post on July 19, 2024.

Premium

Executive Column: Agate gears up to capture local, global gaming market

Shieny Aprilia, CEO of local game developer Agate, speaks about fundraising and expansion plans, as well as her insights into the role of AI in shaping the future of the gaming industry.

Think Big

Daily dose: Baristas of Jakarta-based coffee chain Tuku pose for a photo in one of the young company’s outlets.

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Coffee chain Tuku seeks perfect blend for expansion

Founder Andanu Prasetyo says he remains comfortable with keeping Tuku bootstrapped for now as he prefers to maintain control over his coffee-to-go start-up.

Lindra Hismanto, co-founder and executive director of Studio Ubud, says everybody should follow their passion, look for opportunities and take risks.

Studio Ubud awakens Indonesian anime

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Studio Ubud awakens Indonesian anime

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Treats to treatments, The Bath Box fills a niche in Indonesia's self-care market

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Krakakoa wants to make Indonesian chocolate a global taste

CEO Profile

Teck Seng Ho: Understanding client needs crucial for sustaining Sun Life Indonesia

Newly appointed Sun Life Indonesia president director Teck Seng Ho has expressed positivity about the company’s client-friendly work environment.

Leading Indosat's growth to empower Indonesia, Vikram Sinha named 2023 CEO of the Year

Indosat Ooredoo Hutchison (Indosat) continues to record splendid operational and financial performances following its recent merger. Embracing the spirit of Gotong Royong, Indosat has a greater goal of empowering Indonesia.

Securing Indonesians’ future through innovation, teamwork

PT Asuransi Allianz Life Indonesia has recently appointed Alexander Grenz as Country Manager and President Director of Allianz Life Indonesia. After obtaining a permit from the Financial Services Authority (OJK), he took the role on April 7, where he will be managing Allianz's operational activities

Nicknamed Mel by her close acquaintances, Melissa is the new president of the GoTo e-commerce business unit, known to the wider public as Tokopedia and part of Indonesia’s largest digital ecosystem.

Melissa Siska Juminto and the journey of growth and excellence

In an age of instant gratification, trusting the process has become somewhat of a rare quality. This is not the case for Melissa Siska Juminto.

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Companies

MR.D.I.Y. Indonesia sustains expansion, delivering 205.6% net profit growth in 2024

Lippo Group pledged to ‘resolve’ Meikarta project, ministry says

Two hotels in Bogor temporarily cease operations due to budget cuts

Local media outlets court Google, Meta as publishers’ rights rule takes shape

Editor's Picks

The 2024 banking industry outlook

Tuksedo gives cars from the past a brand-new future

Indonesia, ExxonMobil sign agreement on CCS, petrochemical projects

From Frenchie to fortune: Kurobokan spotlights Indonesia-designed toys

Companies Updates

Govt starts shifting SOE shares to Danantara holding

Consumer spending flattens during Ramadan

Consumer spending flattens during Ramadan

GoPay supports government programs awareness through dedicated info page in GoPay app

Danantara to fund new SOEs holding company Agrinas, senior minister says

Companies move to buy back shares amid stock market decline

Executive Column

Executive Column: Being a small bank makes no sense, says KBank

FLSmidth sees energy transition driving global minerals demand

Digibank ‘marathon’ has only just begun, Superbank says

Inchcape bets big on Indonesia

Marriott International seeks to capitalize on travel recovery, demographic shifts

Executive Column: Keep markets open to increase FDI, Citi says

Executive Column: Agate gears up to capture local, global gaming market

Think Big

Coffee chain Tuku seeks perfect blend for expansion

Studio Ubud awakens Indonesian anime

Studio Ubud awakens Indonesian anime

Treats to treatments, The Bath Box fills a niche in Indonesia's self-care market

Krakakoa wants to make Indonesian chocolate a global taste

CEO Profile

Teck Seng Ho: Understanding client needs crucial for sustaining Sun Life Indonesia

Leading Indosat's growth to empower Indonesia, Vikram Sinha named 2023 CEO of the Year

Securing Indonesians’ future through innovation, teamwork

Melissa Siska Juminto and the journey of growth and excellence