# corporate news
Latest news group about corporate news.
Pelita Air to Join Garuda-Led Holding Company, Not Merge
Danantara says Pelita Air will join a Garuda-led airline holding company rather than merge with Garuda Indonesia.Business Jul 24, 2026 | 3:40 pm
Indonesia Seeks Leaner, Cleaner State-Owned Enterprises
Danantara Indonesia aims to reduce a sprawling network of more than 1,000 SOEs to just around 200-300.Business Jul 24, 2026 | 9:31 am
Bank Mandiri's First-Half Profit Jumps 24% on Strong Loan Growth
Bank Mandiri posted a 24% rise in first-half profit, as loan and deposit growth outpaced that of Indonesia's banking industry.Business Jul 23, 2026 | 5:58 pm
Danantara to Merge Four State-Owned Asset Managers Into One
Danantara has taken control of four state-owned asset managers and plans to merge them into a single firm overseeing more than Rp170t.Business Jul 23, 2026 | 4:57 pm
Barito Renewables Secures Up to $300M Loan from Bangkok Bank for Geothermal Expansion
Barito Renewables secures up to $300 million from Bangkok Bank to finance geothermal projects in Sumatra and Maluku.Business Jul 21, 2026 | 10:48 pm
Moody's Assigns Baa2 Rating with Negative Outlook to Danantara's Planned $5 Billion Notes
Moody's said "an upgrade of DIM's rating is unlikely" unless Indonesia's sovereign rating is upgraded.Business Jul 21, 2026 | 10:12 pm
Freeport Targets More Than $7 Billion in Annual State Revenue Contributions
Freeport expects annual payments to Indonesia to exceed $7 billion once mining operations and its new smelter reach full capacity.Business Jul 15, 2026 | 3:19 pm
Takeda to Invest $30 Million in Indonesia's Plasma Medicine Industry
Takeda will invest $30 million to help develop Indonesia's plasma-derived medicines industry and plasma collection network.Business Jul 14, 2026 | 5:50 pm
RANS Raises $23.8 Million in IPO, Bringing Indonesia's Creator Economy to the Stock Market
RANS raises $23.8 million in its IPO, marking a milestone for Indonesia's fast-growing creator economy.Business Jul 10, 2026 | 10:54 am
Gunbuster Nickel Lays Off 1,800 Workers as Financial Crisis Hits Smelter
GNI has laid off 1,800 workers as its Chinese parent group's financial crisis disrupts operations and restructuring.Business Jul 9, 2026 | 3:55 pm
Game Over? Microsoft Cuts 4,800 Jobs in Xbox Reset
Microsoft will cut 4,800 jobs, including 1,600 at Xbox, as it restructures its gaming business to improve profitability.Tech Jul 8, 2026 | 8:56 pm
Specialist Eye Hospital JECX Debuts Strong, Gains 24.8% on IDX
Specialist eye hospital JECX surged 24.8% and hit the upper limit in its IDX debut after raising Rp 609.98 billion in an IPO.Business Jul 7, 2026 | 11:23 am
Unilever to Build New Production Facility in Sei Mangkei SEZ
Unilever will begin building a new production facility at Sei Mangkei SEZ in August as part of its global value chain strategy.Business Jul 6, 2026 | 11:57 pm
KB Bank Indonesia Eliminates 662 Jobs in Technology-Driven Turnaround
The number of KB Bank's sub-branches fell from 141 to 120, and full-service branches decreased from 29 to 28,Business Jul 6, 2026 | 6:53 pm
TikTok Denies Mass Tokopedia Layoffs, Opens 100 Jobs in Indonesia
TikTok says it is hiring for more than 100 jobs in Indonesia, denying reports it laid off 90% of Tokopedia's workforce.Business Jul 6, 2026 | 2:49 pm
Turkish Firm Invests $130 Million in Sei Mangkei SEZ
Turkey's Evyap has opened a $130 million palm-based chemicals plant in Indonesia's Sei Mangkei Special Economic Zone.Business Jul 5, 2026 | 11:52 pm
GoTo Says TikTok Shop-Tokopedia Layoffs Won't Materially Affect Earnings
GoTo said TikTok Shop-Tokopedia's reported layoffs won't materially affect earnings or its 24.99% stake.Business Jul 4, 2026 | 11:52 am
Danantara Flags Suspected Financial Irregularities at Pos Indonesia
Danantara found suspected accounting irregularities at Pos Indonesia, prompting an overhaul as it prepares its first accounts.Business Jul 4, 2026 | 10:30 am
MAP Aktif Adiperkasa Buys Sports Direct Malaysia for $149 Million
Indonesia's MAPA will acquire Sports Direct Malaysia for $149 million to accelerate its retail expansion across Southeast Asia.Business Jul 1, 2026 | 9:20 pm
Indonesia Cuts Ride-Hailing Commission Cap to 8%, Reclassifies Drivers
Indonesia capped ride-hailing commissions at 8% and classified drivers as micro businesses to boost incomes and benefits.Business Jul 1, 2026 | 4:55 pm
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