Recent Articles
Geo Energy expands further
Against all odds, SGX-listed coal miner Geo Energy Resources Ltd, which has operations Indonesia, decided to grow its assets through acquisition of new mines. Other than targeting coal mining assets in East Kalimantan, the company has recently entered into agreements to acquire majority shareholding in two coal mines in South Sumatra.
Business
Geo Energy expands further
Against all odds, SGX-listed coal miner Geo Energy Resources Ltd, which has operations Indonesia, decided to grow its assets through acquisition of new mines. Other than targeting coal mining assets in East Kalimantan, the company has recently entered into agreements to acquire majority shareholding in two coal mines in South Sumatra.
QUICK UPDATES
Stadler Rail, INKA, KAI to Build Rolling Stock Plant in Indonesia
PT Industri Kereta Api (INKA) and PT Kereta Api Indonesia (KAI) together with Swiss’ company train manufacturer Stadler Rail AG has formed a joint venture company (JVC) to build a rolling stock factory in Banyuwangi, East Java....
South Korea KIND Explores Potential Investment in Indonesia
The Indonesian Investment Coordinating Board (BKPM) signed an agreement with Korea Overseas Infrastructure & Urban Development Corporation (KIND) to explore the potential investment in the field of infrastructure and urban...
Chinese Shares Fall on Trade Uncertainty
The Shanghai Composite index fell 29 points, or 1% to 2,977 on Monday, as investors monitor trade developments between Washington and Beijing after Chinese officials unexpectedly cancelled a planned visit to farms in Nebraska...
Profiles
Suryani Mulyana passes away
Suryani Mulyana (Souw Lee Nie), wife of the late businessman Hadi Budiman (Ang Kok Ha)—-founder of Imora/Prospect Motor, one of the largest business groups in Indonesia, has passed away Sunday (Sep 15) at 90 years old. Suryani leaves behind eight children, including Muljadi Budiman, commissioner of PT Tifico Fiber Indonesia (Tifico) Tbk.