Recent Articles

Miryam’s Pre-Trial and Allegations

Miryam S. Haryani, the Hanura politician and former member of the House Commission II of the House of Representatives, was named as a suspect of perjury on April 5, 2017. Miryam filed a pre-trial lawsuit and claimed that the KPK had no legal basis to investigate her on perjury. On May 23, 2017, the South Jakarta District Court decided in favor of the Corruption Eradication Commission (KPK) and Miryam's status as a suspect was upheld.

Business

Pertamina to Receive Oil & Gas Blocks

The Ministry of Energy and Mineral Resources (ESDM) has decided that the management of the ten Oil & Gas Blocks, whose cooperation contract (KKKS) will expire in the coming year and next year (2018), will be handed over to state-owned PT Pertamina. Minister of ESDM Ignasius Jonan said that Minister Regulation (Permen) No 15/2015 can serve as the basis for the hand over. “Pertamina is the Government's priority because we want to strengthen state-owned enterprises. That's why the management (of the ten) oil & gas blocks will be handed over to Pertamina," Jonan said yesterday (May 23).

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Indocement to Build 2 Terminals

Cement maker Indocement Tunggal Prakarsa (INTP) plans to build two new terminals located in Sumatra. Currently INTP has seven terminals; Tanjung Priok (Jakarta), Tanjung Perak (Surabaya), Sepanjang (Sidoarjo), Lembar...

Buyung Poetra Sembada, Integra Indocabinet to Launch IPO

Securities firm Bahana Sekuritas said it, as underwriter, is preparing to launch the initial public offering (IPO) for PT Buyung Poetra Sembada, rice producer with Topi Koki brand. Buyung Poetra Sembada has planned to launch IPO...

Semen Indonesia Mulls Acquisition

State cement maker Semen Indonesia (SMGR) mulls to acquire local cement producers. It is keen to acquire cement mill with the installed capacity of over 60%. There are five local cement mills with high production utilization....

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Profiles

Indosat & The Falling ARPU

Indosat (ISAT), second largest telecommunication player, booked net profit of Rp173.9 billion in the quarter ended March 31, 2017, dropped by 19.9% from the corresponding period last year due to squeezed margins. Indosat’s sales revenue actually grew 7%, but operating profit down by 1.9%.

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