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Merger & Acquisition Updates

State-owned telecommunication company PT Telekomunikasi Indonesia (TLKM) strengthened its ICT solution business with the acquisition of PT Bosnet Distribution Indonesia by its subsidiary PT Sigma Cipta Caraka. TLKM expects PT Bosnet, engaged in ICT solution for fast moving consumer goods (FMCG), to strengthen its e-logistic and e-commerce ecosystem.

Business

Merger & Acquisition Updates

State-owned telecommunication company PT Telekomunikasi Indonesia (TLKM) strengthened its ICT solution business with the acquisition of PT Bosnet Distribution Indonesia by its subsidiary PT Sigma Cipta Caraka. TLKM expects PT Bosnet, engaged in ICT solution for fast moving consumer goods (FMCG), to strengthen its e-logistic and e-commerce ecosystem.

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BI Predicts 3.6% Global Growth

The central bank (Bank Indonesia/BI) predicts the global economy to accelerate by 3.6% on 2017 and 2018 on the back of growth in China, Japan and Europe that has beaten previous expectations, coupled with solid economic gains in...

MHPC Starts Construction of Cirebon Power Plant

Mitsubishi Hitachi Power System has started the construction work for the US$2 billion Cirebon expansion project to add a new 1GW coal-fired power plant in West Java Province, Indonesia. The project will see the expansion of the...

PLN to Simplify Electricity Tariff Classification

The state owned electricity company Perusahaan Listrik Negara (PLN) plans to simplify electricity tariff classification. Under the plan, all consumers under tariff class of between 1,300-3,300 KW would be migrated to 5,000 KW...

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Profiles

Revisiting BFI Finance

Consumer finance and leasing company PT BFI Finance Indonesia Tbk (BFIN) is among the best performing stocks with 100% gain year-to-date. It is also one of the most profitable companies in the industry with net profit of Rp842 billion in the first nine months of 2017, surged by 52% from the corresponding period last year.

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