Gita Rossiana
Stories by Gita Rossiana
Layoffs may be GoTo’s best bet to reduce costs and achieve profitability, say analysts
The company's expenses on salaries and employee benefits more than doubled in H1 2022.
Indonesian tech giant GoTo looking to lay off 10% of its workforce
It is also said to be working on multiple options to raise fresh capital.
ADB invests $12m in Indonesian medical equipment firm OneMed
The global bank has subscribed 1b shares worth $12.2m in OneMed’s IPO.
Analysts back Blibli’s listing amid rising interest rates
The company's shares ended flat at the IPO price of 450 rupiah apiece on listing day.
Blibli’s shares end flat after opening below their IPO price on listing day
Shares of the company opened at 440 rupiah apiece, lower than the IPO price of 450 rupiah apiece.
How Astra realised gains on its GoTo investment but Telkom Indonesia could not
Telkom and Astra are likely to continue as investors even after the lockup period in GoTo shares ends.
Blibli IPO said to have been twice oversubscribed on Day 1
The oversubscription of retail orders will not change the free float of 15%, sources said.
Bukalapak’s contribution margin turns positive for the first time in Q3
The company also posted a profit for the first nine months of 2022.
Lamudi’s holding entity EMPG raises $200m led by Jared Kushner’s Affinity Partners
The funding will help EMPG to grow its business as well as prepare for an IPO in the short term.
