#Conglomerate
Patriot bonds draw major interest from Indonesian conglomerates
Dozens of Indonesia’s wealthiest business figures are reportedly showing interest in the Patriot Bonds issued by the state-owned investment agency BPI Danantara, with funds raised reaching Rp51.75 trillion (US$3.1 billion).
KPK arrests East Kalimantan mining tycoon in corruption probe
The Corruption Eradication Commission (KPK) has arrested East Kalimantan mining businessman Rudy Ong Chandra (ROC) after he was named a suspect in an alleged bribery case linked to mining business permits (IUP) in the province between 2013 and 2018.
Three major firms set to launch IPOs on IDX, one owned by Indonesian conglomerate
The Indonesia Stock Exchange (IDX) has announced that three large-scale companies are in the pipeline to go public through initial public offerings (IPOs), including one owned by a prominent Indonesian conglomerate.
Prabowo gathers conglomerates to boost investment, national development
President Prabowo Subianto summoned a number of conglomerates to the Presidential Palace in Jakarta for a meeting on Friday, March 7, 2025, discussing investment potential with entrepreneurs to government programs.