The Latest Insights

Indonesia's COVID-19 Updates January 27, 2022

COVID-19 cases in Indonesia are still increasing. As of Wednesday (1/25), there were 7,010 COVID-19 cases in the last 24 hours bringing Indonesia's COVID-19 tally to 4,301,193 cases.

Corporate Actions Roundup January 27, 2022

PT Kapuas Prima Coal Tbk (ZINC) started exploring the market to sell the latest lead (Pb) smelter in Central Kalimantan. ZINC targets the smelter to start operating in the first quarter of 2022.

Lippo to Boost Bank Nobu's Capital

Star Pacific will transfer assets worth Rp 368 billion in line with Bank Nobu's rights issue plan. The amount is equivalent to 500 million shares or 9.8 percent of the bank's issued and paid-in capital.

Analog Switch Off Kicks Off, What's the Plan?

The government will distribute 5.2 million set-top boxes (STB) to the public, allowing analog television sets to receive digital broadcasts starting March 15, 2022.

Darwinbox's Success Stimulates SaaS Industry

With a cloud-based Human Capital Management (HCM) platform, Darwinbox are partnering with well-known companies such as Tokopedia, Kopi Kenangan, Mitra Adiperkasa, Indorama, Chandra Asri, Sari Roti, and Astra Life.

Tweaking State Budget for the New Capital

The government has begun to formulate the future use of state property such as office buildings and lands in Jakarta. These assets will be leased to the private sector and the raised fund will be allocated to cover the capital city construction costs.

The Race to Produce Local Vaccines

Developers of Merah Putih vaccines are competing to reach a mass-production scale. From seven Merah Putih vaccine developers, Universitas Airlangga and PRBM Eijkman have shown rapid progress.