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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.

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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...

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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.

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