# corporate updates
Latest news group about corporate updates.
Astra International's Stock Hit Hard by Sharp Decline in Car Sales
Astra International's (ASII) shares plummeted to their lowest level in the past year due to declining car sales.Business May 14, 2024 | 10:19 am
Bata Shoe Factory Shuts Down After 30 Years, Jokowi Reassures Economic Resilience
Footwear company Sepatu Bata announced the closure of its factory in Purwakarta after 30 years of operationBusiness May 7, 2024 | 12:16 pm
Lippo Cikarang's Pre-Sales Reach Rp 325 Billion in Q1 2024
Lippo Cikarang reported pre-sales totaling Rp325 billion ($20.18 million) in the first quarter of 2024.Business May 3, 2024 | 10:32 am
Danone Indonesia Wins 3 Awards at 2024 Global CSR & ESG Summit
The awards that Danone Indonesia won include Best Workplace Practice (Gold) and Product Excellence Award (Platinum).Special Updates May 2, 2024 | 3:52 pm
Barito Pacific Posts $619 Million Consolidated Revenue in Q1-2024
Barito Pacific reported consolidated revenue of $619 million in the first quarter of 2024, marking a 4.9 percent year-on-year declineBusiness May 1, 2024 | 11:35 am
Astra International to Distribute Rp 17.04 Trillion Dividend on May 30
Astra International will distribute dividends amounting to Rp 17.04 trillion ($1.04 billion) or around Rp 421 per share on May 30.Business May 1, 2024 | 11:16 am
PTPP Provides Progress Updates on Rp 11 Trillion Worth of Projects in New Capital
The National Axis Phase 1 is completed, while IKN toll road segment 3B and the presidential office building are nearly finished.Business Apr 25, 2024 | 10:35 am
Mitratel Reports 4 Percent Increase in Net Profit for Q1 2024
Dayamitra Telekomunikasi (Mitratel) reported a net profit of Rp 520.99 billion ($32 million) in the first quarter of 2024.Business Apr 22, 2024 | 2:13 pm
Telkom Stock Under Pressure Due to GOTO Investment Losses
The decline in Telkom's stock price is primarily due to investment losses in tech company Goto Gojek Tokopedia (GOTO) stocks.Business Apr 22, 2024 | 11:29 am
PathGen Secures Funding to Make Cancer Testing Affordable
Indonesia's health startup, PathGen Diagnostik Teknologi, secures funding from East Ventures and Royal Group for its molecular testing.Business Apr 19, 2024 | 3:42 pm
Astra's Shares Slide 4% as Car Sales Dip and Competition Intensifies
Astra's stock briefly hit Rp 4,870, marking its lowest point in the past year.Business Apr 19, 2024 | 2:49 pm
LinkedIn's Top 15 Companies in Indonesia: Bank Mandiri and Telkom Take the Lead
Leading the pack is state-owned Bank Mandiri, recognized as the best workplace for career advancement in the country.Business Apr 18, 2024 | 11:15 am
Citi Indonesia's Net Income Hits Rp 2.5 Trillion in 2023, Fueled by Institutional Banking Growth
Citi Indonesia reported a net income of Rp 2.5 trillion ($157.33 million) in 2023, marking an 82 percent increase from 2022.Business Apr 4, 2024 | 11:43 am
Indomobil Group to Distribute GAC Aion's Electric Vehicles in Indonesia
GAC Aion will collaborate with the Indomobil Group for the distribution of vehicles.Business Apr 3, 2024 | 10:05 am
Garuda Indonesia's Revenue Soars by 40 Percent to $2.94 Billion in 2023
National flag carrier Garuda Indonesia posted a revenue growth of approximately 40 percent to $2.94 billion (Rp 46.79 trillion) in 2023Business Apr 1, 2024 | 3:18 pm
Timah Addresses Corruption Scandal Linked to Harvey Moeis and Former CEO
State-owned tin mining company Timah has pledged to strengthen the governance of tin mining and trading activitiesBusiness Apr 1, 2024 | 12:08 pm
Lippo Karawaci's Revenue Soars by 15 Percent to Rp 17 Trillion in 2023
Lippo Karawaci has recorded a growth in revenue by 15 percent year on year amounting to Rp 17 trillion ($1.07 billion) in 2023.Business Mar 28, 2024 | 3:48 pm
Astra Embraces Competition with China's BYD
Astra is proactively expanding the electric vehicle ecosystem by establishing 11 new business units.Business Mar 25, 2024 | 4:03 pm
AI-driven Efficiency: Inside DHL Express' New Delhi Facility
Logistics giant DHL Express, continues to innovate, harnessing the power of AI to streamline the processing of shipmentsTech Mar 23, 2024 | 12:26 pm
Bank Mandiri Announces New Directors and Commissioners
Erick Thohir confirmed the honorable dismissal of Ahmad Siddik Badruddin, Susana Indah Kris Indriati, and Andrinof Chaniago.Business Mar 8, 2024 | 9:59 am
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