# corporate updates

Latest news group about corporate updates.

Tokopedia and TikTok Shop System Migration Nearing Completion: GoTo

GoTo Gojek Tokopedia and social media company TikTok Indonesia are in the process of migrating their e-commerce applications.
Tech Feb 28, 2024 | 1:47 pm

Garuda Indonesia's Shares Soar After Paris Court Backs GIHF

Garuda Indonesia announced that the Paris Court of Appeals has issued a judicial release decision in favor of its subsidiary, GIHF.
Business Feb 27, 2024 | 11:13 am

Vale Indonesia Signs Rp 4.2 Trillion Divestment to MIND ID

Vale Indonesia (INCO) concluded a 14 percent divestment, valued at Rp 4.2 trillion ($268 million), to MIND ID.
Business Feb 27, 2024 | 10:09 am

Pertamina Announces New Board of Directors for Key Subsidiaries and Subholding Units

Pertamina has announced the appointment of a new board of directors for its subholding and subsidiary companies.
News Feb 21, 2024 | 11:38 am

Petronas Carigali Clinches Exploration Rights for Bobara Block in West Papua

Petronas Carigali has won the bidding for the exploration and production rights of oil and gas in the Bobara Block located in West Papua.
Business Feb 20, 2024 | 1:47 pm

Traffic Data Surge Propels XL Axiata to 11% Revenue Growth

XL Axiata reported an 11% year-on-year increase in revenue, reaching Rp 32.34 trillion ($2 billion) in 2023
Business Feb 13, 2024 | 9:24 am

BTN’s Net Profit Rises 15 Pct to Rp 3.5 Trillion in 2023

State-owned bank BTN attributed the net profit growth to credit and financing which had risen to Rp 334 trillion as of late Dec. 2023.
Business Feb 12, 2024 | 11:28 am

Sido Muncul Allots Rp 102 Billion Capex in 2024

Sido Muncul's Rp 102 billion capex will go into paying for maintenance and set up additional minor production facilities, among others.
Business Feb 12, 2024 | 10:19 am

GOTO Shares Surge After Tokopedia-TikTok Merger

GoTo Gojek Tokopedia (GOTO) shares surged by 2.27 percent after the announcement of a completed strategic partnership with TikTok
Business Feb 1, 2024 | 4:04 pm

Rise of IMIP: The Metamorphosis of Morowali's Forests into an Industrial Hub

There are now at least 54 interconnected factories in IMIP with various mining products and supporting companies.
Business Jan 31, 2024 | 3:51 pm

No Gas Leak Detected: Chandra Asri

Chandra Asri Group has confirmed that there was no gas leakage in its plant located in Cilegon City in Banten
Business Jan 25, 2024 | 1:09 pm

Public Activities Resume as Chandra Asri Pacific Gets Green Light from Forensic Team

The hydrocarbon gas liquids (HGL) compound released from the smokestack of the Chandra Asri Pacific plant on Saturday, Jan. 20, 2024, has been declared safe.
News Jan 22, 2024 | 4:27 pm

British American Tobacco's Indonesian Unit Bentoel Delisted from IDX

Bentoel International Investama (RMBA) stock has officially been delisted from the Indonesia Stock Exchange (IDX).
Business Jan 16, 2024 | 4:34 pm

East Ventures Raised $380 Million in 2023

East Ventures successfully secured $380 million (Rp 5.89 trillion) across multiple fundings in 2023.
Business Jan 3, 2024 | 4:54 pm

Louis Dreyfus to Build Glycerin Refinery in Lampung Next Year

Louis Dreyfus Company today is trying to secure necessary licenses before it can begin the construction works for the glycerin refinery.
Business Dec 21, 2023 | 6:11 pm

Adira Finance (ADMF) Records Rp 818B Net Profit in H1-2023

The company currently serves 1.8 million customers with loans amounting to around Rp 48 trillion a year.
Business Jul 31, 2023 | 2:59 pm

Mitratel Books Rp 1T Profit in First Half of 2023

Since 2008, Mitratel has been constructing and managing more than 35,000 BTS towers across Indonesia.
Business Jul 27, 2023 | 7:40 pm

Unilever Indonesia’s Profit Drops by Almost 20% in 1st Half of 2023

Unaudited financial results indicated a strong gross margin of 50.5 percent in the second quarter, the highest in the last eight quarters.
Business Jul 25, 2023 | 4:31 pm

Pertamina to Build Resort Area, R&D Center in Nusantara

State-owned oil company Pertamina plans to build a resort area that will boast 1,000 rooms at the new capital city Nusantara.
Business Jul 11, 2023 | 9:13 am