Consumer goods giant PT Unilever Indonesia reported a 6.53 percent growth in net profit in the first quarter of 2020 as domestic and foreign sales saw an upsurge amid the COVID-19 pandemic. The publicly listed company, which owns soap brand Lifebuoy and Lipton tea, among other brands, reaped a net profit of Rp 1.86 trillion […]
Read MoreIndonesia recorded “unusually” low inflation at the start of Ramadan in April as the COVID-19 pandemic reined in household spending, according to Statistics Indonesia (BPS). The consumer price index (CPI) stood at 0.08 percent in April, much lower than the 0.44 percent recorded in the same month last year, the BPS announced on Monday. The […]
Read MoreThe Jakarta Post/Jakarta Indonesia’s top gas distributor, PGN, booked a sharp profit slump in this year’s first quarter, largely due to the weakening rupiah exchange rate, despite a modest increase in sales volume. PGN, which operates over 90 percent of the country’s gas pipe network, recorded US$47.8 million in profits between January and March, down […]
Read Moretate-owned electricity firm PLN has announced its intention to supply small-scale businesses and industries on 450-volt ampere (VA) contracts with six months of free electricity as part of the government’s latest expansion of social aid. PLN president director Zulkifli Zaini said the company had started gathering data of around 500,000 pre-paid customers from small businesses and industries eligible to receive the […]
Read MoreThe government will subsidize and ease loan interest payments for micro, small and medium enterprises (MSMEs), the backbone of the Indonesian economy, as they struggle to stay afloat amid the COVID-19 pandemic. The subsidies will cover loan interest ranging from 2 to 6 percent for up to six months for millions of borrowers in the […]
Read MoreThe management of the government’s preemployment card program revealed Wednesday that it had failed to persuade ride-hailing decacorn Gojek and online airline ticketing and hotel booking unicorn Traveloka to be its partners. The management’s executive director, Denni Purbasari, said her side had asked Gojek and Traveloka, valued at US$10 billion and $1 billion respectively, to […]
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