Gita Rossiana
Stories by Gita Rossiana
ID Digest: Bank Jago’s profit surges 78%; Saratoga returns to profitability
One of Saratoga’s key investments in 2024 was the acquisition of Brawijaya Healthcare.
ID Digest: Bank Mandiri note issue; BNI partners Schroders, Fullerton
The issue is part of its $4-billion Medium Term Note Programme.
ID Digest: Bank Aladin lays off 25% staff; Fore Coffee to launch doughnut business
The doughnut business will be under Fore Coffee's arm Cipta Favorit Indonesia.
Bukalapak sees restructuring paying off from Q1 2025 but macro uncertainty looms
The company expects revenue and contribution margins to grow in double-digits in Q1.
Indonesian e-commerce firm Bukalapak’s losses rise 12% in 2024 amid spiralling costs
Its adjusted EBITDA losses, however, narrowed by 28%.
GoTo Financial may be spun off in potential Grab-GoTo merger
GoTo is said to be in advanced talks with a Japanese investor to sell the fintech division.
Indonesia’s Beleaf, AgriAku said to have reduced up to 30% staff
Beleaf has reportedly reduced its workforce from 125 to 85 across all departments.
Gummy bear-maker Yupi looks to raise $130m from Indonesia IPO
Following the IPO, Affinity will hold a 90% stake while 10% will be owned by the public.
GoTo’s fintech division shines in Q4, turns EBITDA positive a year early
The success was driven by the GoPay app and the expansion of consumer loan offerings.
GoTo narrows annual loss by 94% in 2024 through lower costs and expenses
The company booked a positive adjusted EBITDA of 386b in the year.
