Indonesia

OCBC to acquire Indonesia’s Bank Commonwealth for $191.4m

PT Bank OCBC bought almost 100% shares in PT Bank Commonwealth.

OCBC to acquire Indonesia’s Bank Commonwealth for $191.4m

PT Bank OCBC bought almost 100% shares in PT Bank Commonwealth.

Asia Cargo Airlines rebrands with full support of the Indonesian government

Air Cargo Airlines saw a big opportunity in the midst of the COVID-19 pandemic.

Rodamas Inti Internasional wins in condiment category at Asian Export Awards 2020

Sasa Seasoned Flour became new favourite cooking products in many countries outside Indonesia.

Grab launches Indonesian Tech Center for MSME digitisation

Currently, only 16% of Indonesian MSMEs are digitised.

First Resources posts US$22 million first quarter profit

The Indonesia-based plantation operator's strong start to the year is unlikley to be repeated in Q2.

Jardine Matheson faces pain in Indonesia

The effect of the pandemic weighed on its local automotive distribution unit.

Indonesia's account deficit widens to 3% amidst COVID-19 outbreak

This was blamed on trade disruptions and shrinking primary income.

Coffee spending to rise 8.2% to $2.2b by 2024 in Indonesia

Rising middle class and the new levy on sweetened products will boost its demand.

OCBC, DBS vying for Indonesia's Bank Permata

Bank Permata’s owners are seeking a valuation 1.6x of its book value.

Indonesia GDP growth dips to 5.02% in Q3

Demand-side private consumption slipped to 1.2% in Q3 due to weak spending.

Indonesia telcos' revenue could grow 9% in 2019: analyst

The big three are aggressively monetising data services.

Coal to account for 67.8% of Indonesia's energy mix by 2022

It poses a problem on the government's renewables push.

Rate cuts fail to rev up Indonesian car sales

Year-end vehicle sales is unlikely to reach 1.1 million-unit target.

Indonesian textile companies take hit as China shifts focus to SEA

Fiercer competition looms as the influx of Chinese goods may depress prices.

Indonesia cement industry recovers from six-year slump

Gross margins of the two top producers improved.

Is cash still king in ASEAN?

Card penetration for some countries fall below 50%, according to a study.