Investment and Risk
Get the latest business insights and discover high-potential opportunities in emerging markets that are redefining Indonesia’s economic landscape.
CPO prices experiences correction amid positive sentiment on supply tightening, effects on Indonesia's exports remain unclear
Crude Palm Oil (CPO) prices experienced a drop in Malaysia. The drop falters amid International Monetary Fund's (IMF) latest projection on lower global growth leading to a further decrease, and prices to fall. However, effects of the decrease against Indonesia export remain unclear.
Harita Nickel makes debut in Indonesia’s biggest IPO this year
Indonesian nickel company Trimegah Bangun Persada, also known as Harita Nickel, marks a new record in its trading debut after raising IDR 10 trillion (US$672 million) in the country’s biggest listing this year on Wednesday (12/4).
Dharma polimetal aims for 25% revenue growth in 2023 with focus on electric vehicles
PT Dharma Polimetal Tbk (DRMA), a leading manufacturer of metal products in Indonesia has set its sights on expanding its revenue by 25% this year. To attain this objective, the company has announced plans to invest IDR 500 billion (US$ 33.6 million) in Capital expenditures (Capex).
Indonesian pipe manufacturer plans to expand after succesful IPO oversubscription worth IDR 97 billion
Indonesian pipe manufacturer PT Multi Makmur Lemindo Tbk (PIPA) has announced plans to increase its revenue by 30% by expanding its business following a recent initial public offering (IPO). The company recently went public on the Indonesia Stock Exchange (IDX) and raised IDR 97.12 billion (US$ 6.5 million).
Sinar Mas Group invests in 01Fintech to boost its fintech sector
Indonesian conglomerate Sinar Mas is expanding its private equity business through an investment in Southeast Asia-focused private equity firm 01Fintech.
Indihome plans merge with Telkomsel under Conditional Spin-off Agreement valued at IDR 58 trillion
IndiHome, a subsidiary of a state-owned telecommunication company PT Telkom, will soon merge with Telkomsel based on Conditional Spin-off Agreement (CSA) agreement. The merger, which is expected to be finalized by Q3 of 2023, will transfer Indihome's various B2C and B2B businesses to be managed by Telkomsel.
Indonesia encourages use of ASEAN currencies as alternative to US Dollar
Indonesia is currently taking part in encouraging the reduction of the use of non-ASEAN currencies for transactions between ASEAN members. The move was made as part of the ASEAN Regulations and in response to the latest trends in global finance where major economies began to abandon the US Dollar as a means of transaction.
Eagle High Plantation aims for double-digit growth and further expansion through Capex investment in 2023
Palm plantation company PT Eagle High Plantations Tbk (BWPT), has allocated IDR 200 billion of Capital expenditure (Capex) to add new factories in East Kalimantan, and for maintenance of its machinery and equipment.
Blibli lost IDR 5.53 trillion in 2022, and sold investments in GoTo
One member of Djarum group of companies Blibli.com, lost IDR 5.53 trillion (US$ 370.4 million) in 2022, due to the large increase in costs of revenue.
Fresh Factory secures investment for accelerated growth in cold chain fulfillment
Local Indonesian startup Fresh Factory received IDR 61.8 billion (US$ 4.15 million) in pre-series A funding led by SBI Ven Capital and joint investment with Kyobo Securities, NTUitive, and participation from previous investors such as East Ventures, Trihill Capital, and a new investor, PT Tap Applied Agri Services.
Saudi Arabia's oil cuts and deals caused world wide geopolitical and economical implications
Saudi Arabia, motivated by economics, held a significant development through oil deals, oil cuts, and became a member of the China-led Shanghai Cooperation Organization (SCO) amidst geopolitical, and economic implications.
Harita Nickel to list on IDX with IPO worth IDR 9.99 trillion
PT Trimegah Bangun Persada Tbk (NCKL) also known as Harita Nickel, will be holding an initial public offering (IPO) to fund its subsidiaries and associate companies.