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Astra International to Spend $163M to Pay for Interim Dividend

Astra International plans to pay an interim dividend on Oct. 30

Indonesia Launches First Domestic Car “Esemka”

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo finally launched the first domestic car of Kiat Esemka' sport utility vehicle (SUV) in Boyolali Regency near his...

Indonesia’s DAMRI to Spend US$150M for Electric Cars

JAKARTA (TheInsiderStories) - Indonesia' oldest car company, Djawatan Angkoetan Motor Repoeblik Indonesian, or well-known as DAMRI prepared funds around US$150 million to replace 500 diesel buses...

President Widodo Encourages the National Automotive Industry to Innovate

JAKARTA (TheInsiderStories) - President Joko Widodo encourage the domestic auto industry to continue to work hard and spawn innovation. He hoped that the Indonesian...

Indonesia’s Montir Raises Series A Funding From East Ventures

JAKARTA (TheInsiderStories) - Montir​, an on-demand automotive service and spare part company that aims to bring car workshop to customer’s location, announced today that it...

Industry 4.0: Carry Out Effectiveness in Automotive Sector

JAKARTA (TheInsiderStories) - In the light of fourth industrial revolution era Ministry of Industry of Indonesia has laid out five sectors in which implementation of...

Mitsubishi’s Export Debut Gives Hope for a More Robust Car Exports

JAKARTA (TheInsiderStories)— Although it has been difficult for Indonesian car assemblers and manufacturers to export their product overseas, as reflected by the low figure...

Indonesia’s Astra Getting More Aggressive This Year

JAKARTA (TheInsiderStories) - Indonesia's conglomeration company PT Astra International Tbk (IDX: ASII) more aggressively to expand their business and seeking various opportunity in the...

Indonesia’s Car Export Rose Sharply in 2017

JAKARTA (TheInsiderStories)—The automotive industry in Indonesia is experiencing rapid growth and contribute significantly to the national economy, said industry minister last week. The country targeting...

Vietnam’s Rule Hurting Indonesian Automotive Exports

JAKARTA (TheInsiderStories) - Indonesia's four-wheel car manufacturers face a menace in exports following a new regulation from Vietnam, which is poised to build its...

Financial Service Division Lifts Astra’s Net Profit

JAKARTA (TheInsiderStories) - Diversified group PT Astra International Tbk (IDX:ASII) booked net profit of Rp18.88 trillion in 2017, increased 25 per cent from Rp15.16...

Industry Review: Modest Growth Outlook in 2018 for Car Industry

JAKARTA (TheInsiderStories) - Indonesian automotive conglomerate PT Astra International Tbk (IDX:ASII) expects the automotive market to record modest growth next year, on the back...

VP Kalla inaugurates Wuling Motors factory in Indonesia

JAKARTA (TheInsiderStories) - Vice President (VP) Jusuf Kalla inaugurated the first factory of PT SGMW Motor Indonesia (Wuling Motors) at GIIC Industrial Zone Deltamas, Cikarang, West...