Home » at » Page 2
Tag:

at

Business

Title: Blibli Lays Off 270 Employees Amid Losses

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

Blibli lays off 270⁤ Employees ‌Amidst IDR 1.84⁢ Trillion loss

Jakarta – PT Global ⁤Digital Niaga Tbk (Blibli.com) announced today it laid off 270 ​employees in October 2025, ‌citing a need for organizational adjustments to improve efficiency ‍and foster ‌enduring ‌growth. The​ company, ‌trading ‌under the stock code BELI, reported ‌a net loss of IDR 1.84 trillion as of September 30, 2025.

According to an IDX facts disclosure, the ⁢layoffs were⁢ completed within October 2025 and are permanent, with no plans for employee transfers ​or relocations. Blibli management stated,”In October 2025,the Company needs⁢ to make organizational ⁣adjustments⁢ to ensure the Company can move more⁤ effectively and efficiently with the aim of opening up opportunities for sustainable growth⁢ and creating long-term value for the Company and ⁢its shareholders.”

the company attributes its financial losses to salary ‍expenses, alongside significant costs ‍related to discounts, marketing, and ⁢other operational expenditures.

blibli assures ⁣affected ⁤employees will receive compensation packages meeting, and exceeding, Indonesian labor law requirements. “To ⁣all⁢ employees‌ affected by organizational adjustments in ​October ‍2025,the Company has provided a compensation package that is appropriate or even more​ than what is regulated in the provisions of labor laws and regulations,” the company ⁢stated.

These layoffs are⁤ part​ of broader operational cost efficiency measures being implemented by Blibli. “The organizational adjustments implemented by the ‌Company in October ⁣2025 are one of the Company’s operational cost efficiency​ measures, apart from other cost efficiency measures that⁢ have been and will be ⁤implemented by the Company,”‌ Blibli confirmed.

[fdl/fdl]

0 comments
0 FacebookTwitterPinterestEmail
Business

APEC Summit: Trump’s Crown, K-Beauty, and Korean Cuisine

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

APEC Summit Highlights⁢ Cultural Exchange as Diplomacy ​Unfolds in South Korea

GYEONGJU, SOUTH KOREA – The recent Asia-Pacific Economic Cooperation (APEC) summit in South Korea‌ wasn’t solely focused on trade and economic policy; it also provided a stage for notable cultural exchanges that captured​ global attention, blending⁢ diplomatic protocol with ‍popular Korean trends. From gold-themed gestures to ⁤a spotlight on K-beauty and the nation’s culinary staples, the summit offered ‍a unique glimpse into Korean culture’s growing influence on the international stage.

the summit’s cultural moments underscored South Korea’s strategic efforts to leverage its “soft power” – its cultural appeal – alongside its economic and technological advancements. These interactions, while seemingly minor, reflect a ⁣broader trend of cultural diplomacy becoming increasingly‍ vital‍ in international relations, fostering goodwill and ⁣strengthening ties​ between nations.

President Lee Jae Myung catered to former U.S. President Donald Trump’s known affinity for gold, ⁣presenting him with a gold tie and a gold-themed dessert. The gesture, however, sparked criticism within the United States, with protesters decrying what they perceived as a “king-like” display⁣ and⁣ social media​ users circulating​ memes mocking the presentation.

Beyond the ⁣gilded gestures, the summit ⁣also showcased South Korea’s booming beauty industry.‌ Karoline Leavitt,the white House press⁢ secretary,shared her “K-beauty haul” on Instagram,featuring cleansing oils,face masks,and other skincare products,highlighting ‍South Korea’s reputation for advanced skincare and dermatological treatments.This year’s APEC summit even included a “K-Beauty Pavilion” for delegates to‍ experience the latest Korean skincare trends.

The summit’s cultural moments extended to the culinary ​realm as well. Nvidia CEO Jensen Huang, while announcing plans to supply 260,000 advanced chips to South Korea, also indulged in “chimaek”-fried chicken and beer-a beloved Korean pairing. His dinner with Samsung Chairman Lee Jae-yong and Hyundai Motor Group ⁤Executive Chair Chung Eui-sun at the popular restaurant Kkanbu, known for its appearance in the hit series “Squid Game,” drew significant attention and symbolized cooperation‌ in artificial ‍intelligence and chipmaking.

Fried ​chicken remains a staple of South Korean cuisine, enjoyed in ‌various settings, from family gatherings​ to livestreamed “mukbang” events, frequently enough accompanied by beer during sporting events. The cultural exchanges at APEC demonstrate South Korea’s growing confidence in showcasing its unique ​identity and its ability to ‍blend diplomacy with its vibrant cultural landscape.

0 comments
0 FacebookTwitterPinterestEmail
Business

Indonesia Stock Exchange Flags Unusual Market Activity in GIAA, MHKI, SINI, MOLI Stocks

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

Stocks of Garuda Indonesia, Multi Hanna Kreasi indo, Singaraja Putra, ‌and Madusari Murni‌ Indah Flagged for Unusual Activity, Later Dip

Jakarta, Indonesia ⁢- The Indonesia Stock exchange (IDX) has designated shares ‌of PT Garuda Indonesia (Persero) Tbk. (GIAA), PT Multi Hanna Kreasi Indo⁢ Tbk. (MHKI), PT Singaraja Putra Tbk. (SINI), and ⁤PT Madusari Murni Indah Tbk.‍ (MOLI) as experiencing Unusual Market Activity (UMA), effective tuesday (october 14, 2025). the designation follows observed spikes in price ⁣and trading volume over recent days.

Yulianto Aji ⁣Sadono, Head of the IDX Transaction Supervision Division, stated ⁤the UMA proclamation “aims to‍ provide information to investors​ to pay more attention to related stock transaction patterns,” clarifying it does⁤ not automatically indicate regulatory violations.

Prior to the UMA announcement, GIAA ⁣had surged​ 43.18% in the last four days, closing at IDR 126, a 38-point increase. The stock rose 85.29% ⁤in the past month from IDR 68 (September 15, 2025) and 129.09% year-to-date from IDR‍ 55 at ​the start⁣ of 2025.

MHKI,impacted by sentiment surrounding Waste Energy Power Plant (PLES) developments,climbed 30% in⁢ four days to IDR 312,a 72-point gain. Monthly gains reached 96.23%, and year-to-date gains totaled ⁢228.42% from IDR 95.

HERE, an​ issuer associated with the ⁤hapsoro group, increased 23.37% in⁢ four days to IDR‍ 5,725, and strengthened 49.34% over the last month. ⁢Its performance increased 13.5% throughout 2025 from ⁢an opening price of IDR 5,000.

MOLI recorded the most significant four-day increase, jumping 85.19% to RP400, ‍with an 80.18%⁤ monthly increase ⁢and an 86.92% year-to-date⁢ rise ⁢from RP214 in early January.

Following the UMA announcement, GIAA and MOLI experienced immediate declines.‍ By the close of the first trading session‍ on Tuesday (October 14), GIAA shares plummeted 9.52% to IDR 114, and MOLI ⁤fell‌ 15% to IDR 340, both hitting the Lower Auto-rejection limit (ARB).

HERE showed a slight gain​ of 0.88% to IDR 5,725, while MHKI corrected 5.13%​ to IDR 296.

0 comments
0 FacebookTwitterPinterestEmail
Business

Fast Food Losses Rise: KFC & Texas Chicken Struggle in Indonesia

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

Indonesian⁣ Fried Chicken‍ Market Faces ‍Turbulence: Texas Chicken Rebrands Amidst Losses ⁣for CSMI and KFC

Jakarta,‍ Indonesia – Indonesia’s fast-food fried chicken ‌sector is undergoing⁢ significant shifts, with both Texas ‍Chicken operator ‍CSMI and ⁤KFC‌ Indonesia reporting financial challenges and workforce reductions in teh first half of 2025.Thes developments signal a​ competitive battle for market share in a key⁢ Southeast Asian economy.

CSMI, ‍the company behind the Texas‌ Chicken franchise, experienced a dramatic drop in sales, recording IDR 815.83⁢ billion in the first ‍half of 2025,​ down⁣ from ‌IDR 1.45 trillion in the same period of⁤ 2024. The company posted a gross profit of IDR 484.96 billion with a ⁤cost of goods sold of IDR 330.86 billion. As of June 30, 2025,⁣ CSMI ⁣reported total ​liabilities ⁤of IDR 51.64 ⁣trillion⁢ and ‍total equity of IDR 4.59 trillion, ​with⁣ total assets at IDR 56.24⁤ trillion.

Facing these difficulties, CSMI​ shareholders voted in February 2024​ to⁣ close all Texas Chicken outlets and rebrand⁤ under the name NWS Chicken. Management stated in its financial report ⁢that as of June 30,⁤ 2025, the company employed 24 contract workers. The‌ rebranding aims for⁢ a more flexible ⁣product concept adaptable‌ to local consumer preferences, according ⁣to a July 24, 2025, public⁢ expose material.

Meanwhile, KFC Indonesia, operated by Fast Food, ⁤also saw a decline⁢ in revenue,​ decreasing 3.12% to IDR 2.40 trillion in the first half of⁣ 2025 from IDR 2.48 trillion⁢ the previous year. Despite this,KFC narrowed its losses to⁢ IDR 138.75 billion, improving⁤ from IDR 348.83 billion in the first half of ⁤2024. Gross profit increased to IDR 1.44 trillion,up from IDR‌ 1.42 ​trillion in the same period last year.

KFC’s ‌total assets rose to IDR​ 4.10 trillion in the first half of 2025, while liabilities increased to IDR 3.97 trillion.‍ Total equity was recorded ‌at IDR 129 billion.⁢ Though, the company has been forced to streamline ⁤operations, closing 19 outlets⁤ by september 2025, resulting ⁤in the⁣ layoff of⁣ approximately 400 employees.

“By​ September 2025 we will have closed 19 outlets. Then, how many employees will be affected by layoffs? We have approximately 400 employees affected by layoffs,” said Fast Food Director Wahyudi Martono ⁢during⁤ a virtual​ public Expose event on February 10, 2025.

These developments highlight the intensifying⁤ competition within Indonesia’s fried chicken‍ market, as⁣ companies ⁢adapt to changing consumer tastes and economic pressures.

0 comments
0 FacebookTwitterPinterestEmail
Technology

Title: Fenerbahçe’s Tedesco Addresses Gökhan Gönül Situation

by Rachel Kim – Technology Editor
written by Rachel Kim – Technology Editor

Fenerbahçe‘s​ Tedesco Announces⁤ Exit Following‍ Victory

ISTANBUL,Turkey -⁤ Fenerbahçe head coach Domenico Tedesco revealed ‌his departure from the club following a 2-0 victory over Ankaragücü at Şükrü Saracoğlu Stadium on⁢ Sunday.​ The announcement came as a surprise after the‍ Turkish Süper Lig win, prompting ⁣questions about the future leadership of the Istanbul-based‍ football club.

Tedesco’s exit marks a⁣ notable shift for fenerbahçe, one of Turkey’s most historically successful teams. The‍ decision impacts not only⁣ the players and staff but also the club’s passionate fanbase and its position within the competitive Süper Lig landscape. While ⁢the immediate future⁣ remains uncertain,the ⁤club is expected to‌ swiftly begin the search ⁣for a replacement to maintain momentum in the league.

The coach addressed questions regarding ‌assistant coach Gökhan​ Gönül’s⁣ absence from the bench, clarifying it wasn’t a disciplinary matter.”I didn’t know him before.Sometimes⁤ things may not go‍ as​ you‌ wish. There was no special situation,” Tedesco​ stated. He⁣ emphasized Gönül’s legendary status at Fenerbahçe⁢ and announced no plans‌ to seek a direct replacement, instead highlighting the capabilities of current staff member Zeki, stating, “He has been in this club ⁢for many years, is a good person, and a very good coach… It is very good‍ for us ‌that his duty increases.”

Tedesco‍ also ‌addressed Anderson Talisca’s self-reliant decision to⁣ take ‌a penalty during‍ the match. He explained‍ the process involves ‍the goalkeeper coach ⁤consulting with players to ‌gauge thier willingness, noting that Talisca ⁢expressed confidence and a desire to take the spot-kick. “His desire to take ⁢the penalty showed‌ confidence and‍ character. This is ‍what we ‍want,” Tedesco said, adding⁢ he spoke with the team⁣ post-match about unity ‌and​ their strong ‍performance.

0 comments
0 FacebookTwitterPinterestEmail
Entertainment

Farmer Fined for Animal Neglect: Calves Found Severely Underweight

by Julia Evans – Entertainment Editor
written by Julia Evans – Entertainment Editor

Northland Farmer Fined $15,000 for⁤ Neglecting⁤ Cattle at Kauri Farms

KAIPARA, NEW ZEALAND -⁤ A ​Northland ⁢farmer has been fined $15,000 after admitting ⁣to neglecting cattle at ‌his Kauri farms property ⁢near Kaipara. The case, heard in court recently, highlighted issues with‍ insufficient feed and inadequate animal care,⁢ leading ‍to ​several animals becoming underweight and unwell.

The Ministry for Primary Industries (MPI) ‌investigated the‍ farm and found a lack of‍ quality pasture,with some calves struggling to eat supplementary ⁣feed consisting of mouldy hay and whole kūmara.⁣ While the⁢ majority of the animals recovered after recommendations were implemented, the ⁢farmer, whose name was initially suppressed but later revealed⁤ as Mr. Flett, was ultimately convicted ‍and ⁢penalized.

according to a report read​ in court by veterinarian ⁣Dr.‍ Muston, “Mr Flett⁣ largely followed my⁣ recommendations, and the vast majority of animals returned to​ good health.”‌ The report ⁣also stated, ‍”Some animals did decline in health, but those that became ⁤sick were ‌treated or euthanised. Mr Flett did well​ to remedy the situation. He’s learned from his mistakes.”

Judge Greg Davis denied Flett’s application for name suppression,stating that⁣ a conviction alone ​did not warrant it and that a friend’s concern about business impact didn’t meet the threshold for an “exceptional circumstance.”

as the incident,Flett has‍ reduced his herd size to 50 cattle.In addition⁤ to the $15,000 fine, he was ‌ordered ​to pay $4312 in legal costs to MPI.

MPI⁤ regional manager Brendon Mikkelsen⁣ emphasized the farmer’s responsibility in a statement following the sentencing. ‌”These welfare problems⁢ were avoidable ⁤if Mr Flett had been providing sufficient⁢ feed ⁤and meeting the physical health⁣ and behavioural ‍needs of his‍ animals,” Mikkelsen said.”When we find evidence of animal neglect, we take action.”

0 comments
0 FacebookTwitterPinterestEmail
Newer Posts
Older Posts
@2025 - All Right Reserved.

Hosted by Byohosting – Most Recommended Web Hosting – for complains, abuse, advertising contact: contact@world-today-news.com