Some said that middle-up market of property has slowed down significantly in the past few years. But, Asiana Group seems undeterred. kompas.com reported last week that the group plans to launch three premium apartment projects with expected sales revenue of Rp4 trillion next year.
Read MoreAsian stocks opened mixed Monday (Nov 28) morning. Australia’s All Ordinaries was dragged down by mining companies, while Nikkei 225 down from appreciation of yen against US dollar. Composite index of Indonesia Stock Exchange (IDX) also opened lower due correction of some consumers and resources stocks.
Read MoreFor those of you with special interest in nickel industry, political developments and corruption cases in Southeast Sulawesi deserved attentions. They could affect future dynamics of nickel industry, given new smelter projects being built and planned in the province.
Read MorePT Sariwangi Agricultural Estate Agency (Sari Wangi AEA Co Ltd – Sariwangi) and its subsidiary PT Maskapai Perkebunan Indorub Sumber Wadung (Indorub) escaped bankruptcy since September last year after being able to resolve the debts disputes during the period of Suspension of Debts Payment (PKPU) with peace.
Read MoreOn November 22, 2016 the team of curators for the insolvency of PT Kaltim Supacoal published an announcement stating that the process of insolvency of the Company is finished. But the announcement did not give further explanation. Earlier in May 2016, the Singapore International Commercial Court (SICC) handed down its first judgment on dispute between “BCBC Singapore Pte Ltd and anor v. PT Bayan Resources Tbk (BYAN) and anor”, the source of the problem in Kaltim Supacoal.
Read MoreProgress of trans-Java toll road connecting west, central, and east Java has attracted some to develop industrial estates in Central Java province. We’ve discussed extensively about Sembawang Corp-Jababeka’s Kendal Industrial Park. This time, let’s talk about Demak Industrial Park developed by PT Jawa Tengah Lahan Andalan (Jateng Land).
Read MoreRindho Wartono, son of the late Mochammad Wartono, founder of Sukun, a cigarette producer, has just passed away. Rindho is one of the heirs of Sukun, which is one of four cigarette producers maintaining the production of klobot (tobacco wrapped by dried corn husk) cigarettes.
Read MoreSetya Novanto, chairman of Golkar Party, the second largest political party in the House of Representatives (DPR), has secured support from regional leaders to regain his position as speaker of the House. Senior leaders of the party, including Aburizal Bakrie and Akbar Tandjung, both are former chairmen of Golkar, however, seem to block Novanto. This is an important test for Novanto’s ability to consolidate power within the party.
Read MoreBadrodin Haiti, former chief of the national police, has been named chairman of Waskita Karya (WSKT), a state-owned EPC firm instrumental in development of toll roads in Java and Sumatra. In the meantime, former minister for bureaucratic reform Yuddy Chrisnandi, a politician from Hanura party, is among names proposed by President Joko ‘Jokowi’ Widodo to become ambassador.
Read MoreBakrie Telecom (BTEL) has just released its financial statement for the period ended September 30, 2016 yesterday. The Company, controlled by Bakrie Family, booked net loss of Rp751.24 billion in Jan-Sep 2016, significantly smaller than Rp3.67 trillion it posted in the corresponding period of 2015, but doesn’t change the fact that it is closer to the end of the business.
Read More