KB Bank has confirmed a significant restructuring effort involving the termination of 662 employees and the closure of 21 branch offices. The bank stated that this workforce reduction and consolidation of physical locations are part of a broader strategy to enhance operational efficiency. According to official company disclosures, these measures were implemented over the course … Read more
PT PLN (Persero) has undergone a formal restructuring of its board of directors, appointing Yusuf Didi Setiarto as the new Deputy President Director of the state-owned electricity company. The leadership changes were confirmed during the Extraordinary General Meeting of Shareholders (RUPSLB) held in Jakarta, which finalized a new composition for the utility firm’s executive management … Read more
The landscape of Indonesia’s telecommunications infrastructure sector is undergoing a significant structural shift as PT Inti Bangun Sentosa Tbk (IBST) moves toward a private status. In a strategic decision aimed at streamlining corporate governance and consolidating control, the company has announced its intention to delist from the Indonesia Stock Exchange (IDX), initiating a voluntary tender … Read more
PT Astra International Tbk (ASII) announced significant changes to its leadership during its Annual General Meeting of Shareholders (RUPS) held on Thursday, April 23, 2026. Rudy, previously serving as Vice President Director, was appointed as the new President Director, succeeding Djoni Bunarto Tjondro in the role. The appointment was formally approved by shareholders during the … Read more