Companies

PIK 2’s subsidiary raises Rp 2.3t in IPO to fund conference center project

The firm plans to channel the funds into the construction of the Nusantara International Convention and Exhibition (NICE) center, which is scheduled to open its doors in September this year.

A mockup of planned PIK 2 development.

Companies

Unilever's Indonesia headache worsens with boycott as local brands seize the day

Companies

Govt demands Apple R&D to end iPhone sales ban, but takes $1b investment

Companies

Steel setback: Biden risks Japan ties, investment

+ view more

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)

Think Big

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.

Think Big

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

High-rise buildings tower over the Sudirman Central Business District in South Jakarta on Dec. 12, 2023.

Companies

2025 banking outlook: Navigating familiar uncertainties

Indonesian banks can expect to face challenges in 2025 similar to what they experienced last year, but these also present opportunities for innovative, proactive measusres to strengthen their position in the global financial ecosystem.

Companies

Biden blocks takeover of US Steel by Japan's Nippon Steel

Companies

Biden blocks takeover of US Steel by Japan's Nippon Steel

Nippon and US Steel blasted Biden's decision, calling it a "clear violation of due process" and a political move, and saying they would "take all appropriate action" to protect their legal rights.

President Prabowo Subianto (center left) and Finance Minister Sri Mulyani Indrawati (center right) address a press briefing at the Finance Ministry on Dec. 31, 2024, about the planned value added tax (VAT) rate hike.

Companies

X, Spotify, other digital services see 12% VAT on fees

The fees for some digital services, primarily premium subscriptions, have been subject to a 12% VAT since Wednesday, when the new rate went into effect.

Members of the ground crew service an Airbus A320 aircraft with Pelita Air livery on April 11, 2022, at Soekarno Hatta International Airport in Tangerang, Banten.

Companies

Pelita Air, Garuda Indonesia to add 26 planes to fleets this year

Domestic carrier Pelita Air and flag carrier Garuda are both planning to expand their fleets this year as the SOEs Ministry aims to consolidate state-owned airlines by mid-2025 in a bid to cut costs.

Companies

Govt, Apple to talk $1b investment next week

The Industry Ministry is set to meet with an Apple executive on Jan. 7-8 to hash out a new deal so the US tech giant can sell the iPhone 16 to Indonesian consumers by complying with local content rules, with a possibility for the investment ministry to take the lead if it opts to set up a local production factory instead.

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

Premium

Marriott International seeks to capitalize on travel recovery, demographic shifts

Premium

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.

Premium

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

Premium

Studio Ubud awakens Indonesian anime

Premium

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

Premium

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.

TheJakartaPost

LOG IN

Companies

PIK 2’s subsidiary raises Rp 2.3t in IPO to fund conference center project

Unilever's Indonesia headache worsens with boycott as local brands seize the day

Govt demands Apple R&D to end iPhone sales ban, but takes $1b investment

Steel setback: Biden risks Japan ties, investment

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

2025 banking outlook: Navigating familiar uncertainties

Biden blocks takeover of US Steel by Japan's Nippon Steel

Biden blocks takeover of US Steel by Japan's Nippon Steel

X, Spotify, other digital services see 12% VAT on fees

Pelita Air, Garuda Indonesia to add 26 planes to fleets this year

Govt, Apple to talk $1b investment next week

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