Malaysia’s Genting Plantations Pays IDR 396 Billion Fine to Indonesia
Malaysia’s plantation company Genting Plantations said its indirect subsidiary in Indonesia has received an interim administrative fine of nearly IDR 396 billion (USD 23.4 million) from the Indonesian authorities.
Indonesia Sues Six Companies over Environmental Harm in Flood Zones
Indonesia’s government has filed multiple lawsuits seeking more than USD 200 million in damages against six firms after deadly floods wreaked havoc across Sumatra, although environmentalists criticized the moves as inadequate, Al Jazeera reported.
Indonesia’s Gamble on Mega Merger of Ride-Hailing Firms
The plan to use a golden share through Indonesia’s sovereign wealth fund Danantara is inherently flawed, according to a commentary. The government’s stated objective – prioritizing social welfare over profit – is precisely what effective, independent regulation should achieve. A golden share sidesteps this framework, replacing transparent rules with discretionary state power.
BCA Earnings Set to Be Bright Spot Among Indonesia’s Top Banks
Bank Central Asia is set to be the only one among Indonesia’s biggest banks to post higher profit for 2025, as manageable costs and robust credit quality helped it weather soft loan demand, Bloomberg reported.
Indonesian Tycoon Sukanto Tanoto’s Eldest Son Buying Singapore Retail Assets
A new private investment vehicle said to be backed by Andre Tanoto has been quietly acquiring retail assets in recent months, Business Times reported. The vehicle, associated with Altallo Asset Management, is said to have completed in December the purchase of four large-format Housing & Development Board (HDB) retail units. The total price is said to be in the SGD 160 million-plus range.