PT Mustika Ratu Tbk (MRAT) will divest land assets worth more than Rp 100 billion, the proceeds of which will be used to strengthen the company's capital.
Electrum will provide 2 million electric motorcycles. The rising fuel prices will boost the appeal of electric vehicles.
PT Astra International Tbk (ASII) will likely increase its stake in hospital manager PT Medikaloka Hermina Tbk (HEAL). The company plans to synergize its hospital business with Halodoc.
PT Saratoga Investama Sedaya Tbk (SRTG), through its subsidiary PT Wahana Anugerah Sejahtera (WAS), sold 976.6 million shares of PT Tower Bersama Infrastructure Tbk (TBIG) worth Rp 2.7 trillion.
Siam Commercial Bank and SCB X Group’s holding company, SCB X, invested US$50 million in PT Bank Jasa Jakarta (BJJ) through WeLab Sky.
Huawei heats the cloud computing industry in Indonesia by competing against Amazon, Alibaba, Google, and Microsoft.
Household appliances and electric stoves producer Modena is aiming for a contract to procure electric stoves to support PLN's program to convert 3 kg LPG to induction stoves next year.
Singapore-based anti-money laundering startup Tookitaki is expanding its business to Indonesia. The boom of digital banks and the implementation of payment system expansion are attractive markets for Tookitaki.
PT MNC Energy Investments Tbk (IATA), through its subsidiary engaged in coal PT Bhakti Coal Resources (BCR), won a coal purchase contract worth US$108.42 million.
Astra Financial and WeLab Sky Limited plan to transform Bank Jasa Jakarta (BJJ) into a digital bank by utilizing the Astra Group's omnichannel strategy.