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Search result with “Company Restructuring” as a keyword founded 105 news.

‘Huge Job Maker’: Danantara on $6 Billion State Textile Firm Plan

... considering establishing a state textile company. The move is expected ... turn things around through restructuring to the greatest degree ... would create an entirely new company from scratch. A day earlier ... said that the state textile company “would be entirely a ...
Business Jan 16, 2026 | 8:12 am

Pertamina Plans to Integrate Refining, Fuel Sales and Shipping Businesses

Jakarta. Pertamina is preparing a major restructuring by merging three of its ... more than 250 vessels. The company has rapidly expanded its international ... incentives for state-owned enterprise restructuring. Finance Minister Purbaya has previously ...
Business Jan 9, 2026 | 9:31 pm

Apindo Warns of Mass Layoffs as Tangerang Sets 6.3% Minimum Wage Increase

... company closures, 420 resigned voluntarily and 311 were affected by corporate restructuring ... due to quality issues. The company produces footwear for global sportswear ...
Business Jan 7, 2026 | 2:48 pm

Indonesia Signals Sweeping Customs Reform, Even Considers Outsourcing to SGS

... and replaced by Swiss inspection company Société Générale de Surveillance (SGS ... Customs without interference. If internal restructuring fails, outsourcing certain customs functions ... the reform timeline or key restructuring measures, but Purbaya signaled that ...
Business Nov 28, 2025 | 1:05 pm

Indonesia’s Growth Momentum in Focus as KB Bank Holds High-Profile 2026 Economic Outlook Forum

... such as global supply-chain restructuring, the energy transition, and rapid ... the official change of the company’s name to PT Bank KB ...
Special Updates Nov 27, 2025 | 7:31 pm

Danantara Aims State Construction Firms Merger in Q1 2026

... period the previous year. The company, known by its ticker symbol ... , is planning to have another restructuring to deal with the interest ...
Business Nov 27, 2025 | 11:17 am

GoTo’s Next Chapter: Why Hans Patuwo Is the Top CEO Contender

... company since June 2023, is stepping down after overseeing GoTo’s financial restructuring ... , 2025, with the company assuring investors that the ... than eight years shaping the company’s on-demand, fintech, ... not only understands the company’s complexities but has ...
Business Nov 24, 2025 | 12:12 pm

GoTo Is Replacing CEO Patrick Walujo

... Patrick’s role in steering the company through its most transformative years ... . GOTO also announced a broader board restructuring for 2026. Public Affairs & Communications ... governance and oversight as the company navigates intensifying competition in the ...
Business Nov 24, 2025 | 11:30 am

Polychem Shuts Polyester Division for Good After Prolonged Losses

... pressure across its operations. The company booked $109.68 million in ... multiple efficiency measures and internal restructuring, but none restored profitability. Djali ...
Business Nov 18, 2025 | 1:48 pm

Danantara Injects $1.4 Billion to Support Garuda Indonesia’s Recovery

... signals a key milestone in the company’s turnaround. “Support from Danantara as ... the move helps secure the company’s continued listing on the Indonesia ...
Business Nov 14, 2025 | 11:17 am

Pertamina Targets Merger of Three Subsidiaries by January 2026

... is Indonesia’s largest integrated energy company, operating across upstream exploration, ... spreads, is driving the company to accelerate restructuring. Pertamina is also optimizing ... about protecting and strengthening the company’s reputation,” he added. Read ...
Business Nov 11, 2025 | 10:20 am

Senior Lawmakers Press Michelin Unit to Follow Layoff Rules After Surprise Inspection

... planned unilateral layoff by the company. That’s why we came ... ’s outcome to its parent company. Union Challenge and Tariff ... who said the company cited efficiency and restructuring, including plans to ... Office (Disnaker), said the company attributes the move to ...
Business Nov 3, 2025 | 4:57 pm

Michelin’s Multistrada Lays Off 370 Workers After Delisting, US Tariff Hike

... Management cited efficiency measures and restructuring plans, including outsourcing some logistics ... Bekasi Manpower Office, confirmed the company’s reasoning, citing global economic ... tire industry. Becoming a private company provides the flexibility needed to ...
Business Oct 31, 2025 | 8:46 pm

GoTo Posts First-Ever Profit, Raises 2025 Earnings Guidance

... first profit since the company’s formation. GoTo was ... which has undergone multiple restructuring and cost-efficiency measures ... the positive result, the company raised its adjusted EBITDA guidance ... Patrick Walujo said the company continues to deliver growth ...
Tech Oct 30, 2025 | 1:32 am

Garuda Unit GMF Plans $340M Rights Issue, API to Join as Major Shareholder

... Garuda Indonesia (GIAA), the parent company, will hand over its rights ... 340.3 million), significantly improving the company’s capital structure and reducing rental ... with Garuda Indonesia Group’s financial restructuring program, the equity improvement ...
Business Oct 23, 2025 | 3:54 pm

Telkom Signs $2 Billion Spin-Off Deal to Sharpen Focus on Fiber Infrastructure

... as part of a corporate restructuring and business transformation plan aimed ... expected to reinforce the company’s position as Indonesia’s ... across the country,” the company said in a disclosure to ... 99.9999997 percent. The company emphasized that, given TIF’s ...
Business Oct 21, 2025 | 10:04 am

Indonesia to Decide on Solution to China Train Debt by End-2025

... Chinese government on the debt restructuring. Rosan, too, admitted that he ... impact to KAI. If the company is affected, it will take ...
Business Oct 17, 2025 | 1:19 pm

Prabowo Ally Glenny Kairupan Appointed as Garuda Indonesia CEO

... also held positions in defense company Teknologi Militer Indonesia and serves ... , a period marked by post-pandemic restructuring and financial recovery initiatives. Read ...
Business Oct 15, 2025 | 7:37 pm

Indonesia in Talks with China on High-Speed Train Hefty Debt

... with China for a debt restructuring of the multi-billion-dollar ... the kind of debt restructuring that might cause problems ... Marga (7.08 percent), and plantation company Perkebunan I (1.03 percent). KCIC ... while adding that his company would try to discuss the ...
Business Oct 8, 2025 | 10:12 pm

Danantara Pours $1.84 Billion into Garuda to Stabilize Airline

... , particularly at Citilink. The prior restructuring did not fully cover all ... viability of both the parent company and its subsidiaries,” Garuda said ...
Business Oct 8, 2025 | 2:26 pm