Eid approaches, KPPU to monitor staple supply closely
21 Mar 2023 15:25
The Indonesian Competition Commission focuses on monitoring commodities supply to prevent monopolistic practices nearing Eid al-Fitr this year.
HERO collected IDR 59.11 billion of profit
21 Mar 2023 11:35
PT Hero Supermarket Tbk (HERO) scored net profit of IDR 59.11 billion in 2022, bouncing back after losing IDR 963.52 billion in 2021.
Revenue soared, Bank Jago’s profit down 70.11%
17 Mar 2023 15:35
PT Bank Jago Tbk (ARTO) booked impressive revenue surge of 129.54% year-on-year (yoy). However, its current year’s net profit plummeted 70.11% yoy from IDR 86.02 billion in 2021 to IDR 15.91 billion in 2022.
Trade surplus hit USD 5.48 billion, highest since May 2020
16 Mar 2023 15:43
The trade surplus of Indonesia has shown a progressive trend for the past three years since May 2020.
OJK: There’s 35% gap between financial literacy and inclusivity
14 Mar 2023 18:09
Based on a survey conducted by Financial Services Authority (OJK) in 2022, there is still an apparent gap of up to 35% between financial literacy and inclusivity rates.
Eyeing 10% growth this year, UFO Elektronika to open another store
14 Mar 2023 14:47
PT Damai Sejahtera Abadi Tbk (UFOE), the managing company of UFO Elektronika electonic retail network, has officially opened a new outlet in Wiyung, Surabaya.
Raising production capacity, ARNA to set up 3 new plants by 2025
09 Mar 2023 17:52
PT Arwana Citramulia Tbk (ARNA) has officially begun the construction of Plant 4C in Ogan Ilir, South Sumatra. The groundbreaking ceremony of this new plant was led by Herman Deru, Governor of South Sumatra, earlier this week, on March 7, 2023.
Retail sales and price might went up in April 2023
09 Mar 2023 15:30
Retail sales in April and July 2023 are expected to rise following the increased mass consumption during religious festivals and school break.
SRAJ to officially open Mayapada Hospital in Bandung
09 Mar 2023 09:18
PT Sejahteraraya Anugrahjaya Tbk (SRAJ) has officially launched Mayapada Hospital in Bandung with green building concept.
One year debuting, BAUT’s net profit soared 35% in 2022
06 Mar 2023 10:52
PT Mitra Angkasa Sejahtera Tbk (BAUT), the supplier of PATTA nuts and bolts in Indonesia, booked net profit IDR 6.4 billion in 2022.