Shares of cigarette maker Gudang Garam (GGRM) fell 3.7% to Rp68,850 on Wednesday (Aug 30). Its peer HM Sampoerna (HMSP), on the other hand, only declined 1.63% to Rp3,620. Bentoel Internasional Investama (RMBA) dropped 6.05% to Rp404.
Read MoreIndonesian Coordinating Minister for the Economy Darmin Nasution said that the Indonesian government would announce the 16th economic policy package today (August 31). This new package aims to boost investment and economic growth.
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Coca-Cola Amatil Indonesia (CCAI) has just launched a new production line in its factory in Medan, North Sumatra. Built with US$20 million of investment, the new production line will support distribution of Coca-Cola in the whole Sumatra Island. Improved connectivity in the island, home to over 50 million population, is expected to reduce logistic costs for fast-moving consumer goods (FMCGs).
Read MoreState-owned electricity provider PT Perusahaan Listrik Negara (PLN) heats up acquisition market for coal. The Company is finalizing acquisition of mines to support mine-mouth power plants in Jambi, South and Central Kalimantan, plus East Kalimantan. Outside PLN, we’ve seen significant increase in number of acquisition deals in coal sector since late last year.
Read MoreSo far, an area of 1.9 million hectares of oil palm plantations, which can produce up to 8.2 million tons of crude palm oil (CPO), has been certified under the Indonesia Sustainable Palm Oil (ISPO) scheme. As of August 29, 306...
Read MoreThe government might try to move away from resources/commodities as future growth engine, but the sector continues to attract foreign investments. Other than LG International, which decided to expand its palm oil processing capacity for the first time since 2012, ee noticed two major acquisitions in Indonesian plantation sector this month with combined consideration nearly US$200 million.
Read MoreIndofood (INDF) contributed US$2.67 billion turnover for First Pacific Group, representing 77.2% of total Group’s turnover (US$3.57 billion), in the first half (H1) this year. In H1 of 2016, INDF contributed turnover of...
Read MoreFinancing firm Andalan Finance Indonesia has obtained loan of Rp100 billion from Bank Victoria Indonesia (BVIC). The Bank has in December 2016 and April 2017 provided Rp200 billion loan to Andalan Finance. Andalan Finance has...
Read MorePT Rekayasa Indonesia (Rekin), EPC contractor, partners with regional government-owned company (BUMD) PT Energi Negeri Mandiri for building pipe transmission for natural gas connecting Cirebon and Semarang, part of Trans Java...
Read MoreState electricity firm Perusahaan Listrik Negara (PLN) will acquire three mining assets located in Kalimantan and Sumatera, conducted through its subsidiary with independent power producer (IPP) for the mine mouth power plant...
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