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China's Tech Giants Begin Rocky Road to Recovery

02 Jun 2023

China's technology giants, signaling the initial stages of a challenging rebound, are making significant strides toward recovery. After a period of regulatory uncertainties, these industry leaders are chart...

GoTo to Launch Standalone GoPay App, Separating from Gojek's Main App

15 May 2023

PT GoTo Gojek Tokopedia Tbk (GOTO) is set to launch its own application or spin-off for its GoPay service in the near future. This move will separate GoPay from its main application, Gojek. "In line with GoP...

JD.ID is Shutting Down, Founder Criticized The ‘Incompetence’ Executive For Only Being Good in Power

31 Jan 2023

The JD.com founder, Richard Liu said that he is planning to lay off employees with low performance as the business slows down. The local media reported Liu had criticized some of his employees for using excessi...

Mark Zuckerberg Confirms Layoffs to Begin This Wednesday at Meta

09 Nov 2022

Meta Platforms Inc (META.O) confirmed will start laying off their employees on Wednesday morning, told the Chief Executive Mark Zuckerberg in front of hundreds of executives on Tuesday. Appearing downcast, Z...

Sri Mulyani: Indonesia Potentially Lose Rp112,3 Trillion

20 Sep 2022

The threat of the climate crisis is becoming more and more real. Because of climate change, Indonesia is about to lose Rp112,3 trillion. Minister of Finance, Sri Mulyani Indrawati stressed that this climate...

Astrindo Nusantara (BIPI) Acquires Hong Kong PTT Mining Worth IDR 6.97 Trillion

03 Aug 2022

Coal infrastructure company, PT Astrindo Nusantara Infrastuktur Tbk. (BIPI) has just acquired Hong Kong PTT Mining Ltd for US$471 million or Rp6.97 trillion (Rp14,800 per US$). Ray Anthony Gerungan as President...

Elon Musk Sells Tesla Shares For IDR 58 Trillion After Buying Twitter Shares

13 Jun 2022

After officially buying Twitter shares, as of April 29, 2022, Elon Musk stated that he had sold nearly 4 billion or around Rp. 58 trillion US dollars of his stake in Tesla. This statement was conveyed via his T...

The energy crisis make Indonesia the biggest beneficiary

09 May 2022

Indonesia-Daily reported that China's recent energy crisis is expected to bring profits to Indonesia, especially its export performance. According to David, chief economist of BCA Bank in Indonesia, Indo...

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