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View all search resultsAssuming all existing Ultrajaya shareholders do not exercise their rights to buy some of the new shares, FrieslandCampina International Holding B.V will hold a 30.81 percent stake in the combined entity following the merger of Ultrajaya and Frisian Flag Indonesia.
19 hours agoAccording to Bloomberg, Haji Isam previously offered around US$3 billion in cash to acquire a 62 percent stake in Bayan Resources, that would represent a discount of approximately 80 percent relative to the current market price. ...
3 days agoSpeaking at a media briefing, Fernandes said AirAsia was adept at managing cash and expected to raise more than $1 billion, mostly to refinance existing debt, by December or January. ...
3 days agoDiscussions between the government and Malaysia Airlines and Batik Air have increased in recent weeks, the people said, amid growing concerns over financial pressures faced by AirAsia.
4 days agoThe LRT City projects, launched in 2016, have been hit by weak property sales, squeezing the cash flow of state-owned construction firm Adhi Karya, which manages the project.
5 days agoThe disclosure comes amid circulating rumors that tycoon Haji Isam will acquire a 62 percent majority stake in Bayan.
5 days agoAirAsia owes state-linked airport operator Malaysia Airports Holdings Berhad (MAHB) at least 500 million ringgit (US$123.6 million) for services including landing and parking fees.
6 days agoHistory has been made. Representing Indonesia on the world stage, Sinarmas World Academy (SWA) has broken into the top five International Baccalaureate (IB) schools in the world, according to the newly released 2026 results from IB-Schools.com*.
6 days agoThe head of the state-owned agribusiness has expressed frustration at the delay in installing managers at individual Red and White Cooperative units, describing it as “a form of structural sabotage”.
6 days agoDespite objections from Danantara, the finance minister insists the dividends be transferred this year in line with President Prabowo’s instruction.
1 week agoAs Indonesia expands its metal and aluminum capacity, GIFA and METEC Indonesia are positioning themselves as platforms to accelerate downstream processing, improve efficiency and strengthen the country’s industrial value chain.
1 week agoUnder the mechanism, the government seeks to expand the existing tax base, potentially doubling the current figure of Rp 8 trillion (US$454 million) to 12 trillion.
1 week agoUS memory chip giant Micron Technology said Friday that its workers in Taiwan will receive the equivalent of up to five years and eight months of pay, as labor unions threaten to strike unless the company overhauls its bonus system.
1 week agoFrench mining group Eramet has announced that mining operations at PT Weda Bay Nickel (PT WBN) have resumed following authorization from Indonesian authorities, ending a four-month period of care and maintenance.
1 week agoA senior Industry Ministry official told a House commission meeting on Wednesday that aside from Pindad, other local manufacturers were producing the bulk of 14,000 vehicles ordered for government use.
1 week agoThe four-day series brings eight strategic industrial sectors under one roof, highlighting how collaboration, technology and sustainability can accelerate Indonesia’s industrial transformation
1 week agoPT Telkom Indonesia is expanding its data center business through organic growth and strategic partnerships, including a potential sale of a majority stake in its data center subsidiary by the end of 2026.
1 week agoJakarta Intercultural School (JIS) ninth grader Darren Ismaya Karmaina’s Water Guardian initiative is testing a community sanitation and water-reuse model in Kemayoran, Central Jakarta, with plans to evaluate its performance before considering further development.
1 week agoKAI recently announced maintenance for seven new trains produced by INKA, resulting in the cancellation of 17 Commuter Line trips in Greater Jakarta starting Monday.
1 week agoAuthorities were weighing whether to give the stake to the Indonesia Investment Authority (INA) or Sarana Multi Infrastructure (SMI), a development financing arm under the Finance Ministry.
1 week agoThe pulp company is alleged of manipulating export documents related to affiliated-party transactions between 2008 and 2025 that resulted in estimated state losses of $113.4 million, the latest development in a case that has named two tax officials as suspects for allegedly accepting bribes from TPL.
1 week agoThe company said it had approved a plan involving the reduction of around 50,000 jobs, on top of another 50,000 already agreed.
2 weeks agoWith Indonesia expanding its power and digital infrastructure, IEE Series – Energy Week 2026 is emerging as a meeting point for industries seeking technology, partnerships, and solutions to support the next phase of industrial transformation.
2 weeks agoThe retirement estate is targeted to open in December with 10 private villas in the first phase, taking advantage of Bintan's Lagoi area as an up-scale tourism destination with international standard.
2 weeks agoOne of his biggest challenges will be balancing the company's dependence on China while parrying acute political pressure from the White House.
2 weeks agoAccording to a public disclosure published by VKTR, the proposed financing set out in the agreement would provide an indicative principal amount of up to Rp 2 trillion (US$112.7 million).
2 weeks agoBank Jakarta is moving ahead with its plan for an initial public offering (IPO) in June 2027 while cautioning that the move would still depend on capital market dynamics.
3 weeks agoThe weak results underscored the post-pandemic fragility of China's aviation sector, as the trio confronted what China Eastern described as a profit environment "severely undermined" by disrupted international routes and persistently elevated jet fuel prices linked to the Middle East conflict.
3 weeks agoAs relief operations continue in East Nusa Tenggara, attention is turning to the harder, slower work of recovery, especially for children.
3 weeks agoIndonesia’s state asset fund has marked one of its largest investments in the global private markets through a $1 billion private credit mandate to Partners Group, according to Bloomberg.
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