# corporate news

Latest news group about corporate news.

Pizza Hut Indonesia Sees No Change in Operations Following $2.7 Billion Global Deal

Pizza Hut Indonesia says its operations and ownership remain unchanged despite the global chain’s $2.7 billion sale.
Business Jun 19, 2026 | 2:24 pm

Danantara Raises $1.5 Billion in Debut Global Bond Offering

Danantara is considering issuing longer-dated bonds in the future, including securities with maturities of up to 30 years.
Business Jun 15, 2026 | 7:38 pm

Pertamina Unit Merger Generates Up to $700 Million in Savings, Danantara Says

If the merger initiative among major SOEs is completed, Danantara could generate immediate savings of around Rp 50 trillion ($2.8 billion).
Business Jun 12, 2026 | 1:04 am

Phapros Swings to Profit as 2025 Sales Jump 26% Percent

Phapros is targeting export growth in Timor-Leste, Cambodia, the Philippines, Myanmar, Papua New Guinea, and Peru.
Business Jun 11, 2026 | 9:45 pm

Telkom Plans Rp 4 Trillion Share Buyback

Telkom plans a Rp 4 trillion share buyback, saying the move will reinforce investor confidence and support long-term growth.
Business Jun 5, 2026 | 11:44 am

GoTo Sinks to Floor Price as FTSE Russell Drops Stock From Global Index

GoTo shares remained stuck at Rp 50 as FTSE Russell removed the stock from a global index, intensifying liquidity concerns.
Business Jun 2, 2026 | 12:33 pm

KFC Indonesia Returns to Profit in Q1 2026

KFC Indonesia returned to profit in Q1 2026 as sales growth boosted revenue across major regional markets.
Business May 28, 2026 | 10:13 pm

Astrindo Plans Rp 1.79 Trillion Sale of Coal Mining Unit

Astrindo plans to sell its coal mining subsidiary SBG for Rp 1.79 trillion amid weaker earnings and declining cash reserves.
Business May 25, 2026 | 1:37 pm

Rosan Explains Appointment of Luke Thomas to Lead Danantara Resource Export Unit

Danantara says Luke Thomas Mahony was chosen to lead its new natural resources export company for his mining and trading experience.
Business May 22, 2026 | 4:25 pm

SMKM to Acquire Singapore's PanAsia Group in $100 Million Pivot Into Aquaculture

SMKM plans a $100 million acquisition of PanAsia Group as it shifts from construction into ASEAN aquaculture operations.
Business May 19, 2026 | 3:34 pm

Palm Oil Giant Musim Mas Named Corporate Suspect in Environmental Damage Case

Indonesian police named palm oil company Musim Mas a corporate suspect in an environmental damage investigation in Riau.
News May 18, 2026 | 11:14 pm

Prabowo Says Danantara Assets Reach $1 Trillion, Among World’s Largest Sovereign Funds

Danantara is even larger than [similar institutions] in Qatar, Saudi Arabia, and Singapore,” Prabowo said.
Business May 17, 2026 | 11:52 am

Garuda Indonesia Cuts Q1 Loss by 45% as Passenger Traffic Rises

Garuda Indonesia narrowed its Q1 2026 loss by 45% as passenger traffic and flight frequency continued to recover.
Business May 15, 2026 | 12:27 pm

XL Smart Sees Revenue Surge as Merger Integration Nears Completion

XL Smart’s merger integration costs are falling sharply as revenue growth and 5G expansion improve investor confidence.
Tech May 13, 2026 | 11:57 am

Kencana Energi Wins $116 Million Hydropower Project From PLN

Kencana Energi secured a $116 million hydropower project that will nearly double its installed generation capacity.
Business May 13, 2026 | 10:58 am

Danantara Plans 2028 IPO for Clean Energy Arm Denera

Danantara may list clean energy unit Denera in 2028 as Indonesia rolls out $5 billion in waste-to-energy projects across 33 cities.
Business May 11, 2026 | 10:32 pm

Tycoon Prajogo Pangestu’s CDIA Buys 57.5% of ELPI Trans Cargo

CDIA, linked to billionaire Prajogo Pangestu, acquires a 57.5% stake in ELPI Trans Cargo as it expands shipping and logistics operations.
Business May 11, 2026 | 10:22 pm

Hartadinata Profit Surges 189% as Gold Prices Fuel Strong Demand

Hartadinata Abadi posts a near threefold revenue jump as gold prices surge and safe-haven demand lifts Q1 earnings.
Business May 8, 2026 | 11:31 am

AirAsia Orders 150 Airbus A220 Jets in $19 Billion Deal

AirAsia orders 150 Airbus A220 jets in a deal worth about $19 billion, betting on fuel efficiency and regional growth.
Business May 7, 2026 | 10:07 pm