Four companies operating hospitals listed on Indonesia Stock Exchange (IDX)—-Siloam, Mitra Keluarga, Mayapada, and Omni Hospital—-reported sales revenue of Rp2.38 trillion in the first quarter of 2017, an increase of 9.8% from the corresponding period of 2016. Siloam and Omni posted the strongest growth of 12.6% and 26.6% respectively, while Mitra Keluarga and Mayapada improved 1% and 7% only.
Read MoreNine years ago, Bumi Resources (BUMI) acquired 100% shares of Herald Resources Ltd (Australia)—-owner of 80% shares in PT Dairi Prima Mineral (DPM) for US$375 million with funding from Credit Suisse. State miner Aneka Tambang (ANTM), which held 20% shares in Dairi Prima Mineral, actually wanted to takeover Herald, but lost to BUMI in the competition.
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Waskita Toll Road (WTR), subsidiary of Waskita Karya (WSKT), is set to start commercial operation of Section III and IV of Pejagan-Pemalang toll road this year as physical construction progress reached 81.95% as of last week. Section I and II have been operational in mid 2016, contributing to significant increase of WSKT’s revenues from toll road in the first quarter of 2017.
Read MoreIn November 2015, President Joko ‘Jokowi’ Widodo issued Regulation No. 117 about acceleration of toll road development in Sumatra Island. The regulation gives until late 2019 to start commercial operation of eight toll roads. With less than three years left, and given complexity of land acquisition, it is difficult to achieve the target.
Read MoreAirAsia CEO Tony Fernandes praised Jokowi-Kalla administration for their serious attention in the development of Indonesia’s tourism industry. Other than a more aggressive ‘Wonderful Indonesia’ campaign, Fernandes pointed to broader free-visa facility and development of infrastructure in various areas.
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Growing popularity of ride-sharing apps continued to take away market share from conventional taxi services. Blue Bird (BIRD), the largest operator, for example, suffered 18.4% fall year-on-year in sales revenues in the first quarter of 2017. While cost of sales declined significantly by 20%, Blue Bird’s gross profit fell 13.2% to Rp307.7 billion. Net profit also dropped by 15% to Rp117.5 billion in the quarter.
Read MoreFeed producer Malindo Feedmill (MAIN) reported a 52.5% drop in net profit, to Rp24.85 billion for the first quarter (Q1) of 2017, compared to the same period of 2016. Sales revenues declined 2.3% to Rp1.27 trillion while...
Read MoreForeign tourist visiting Indonesia during March 2017 amounted 1.02 millions, grew by 11.64% from 915,020 in March 2016. Compared to Februray 2017, the figure increased 6.68%. For Jan-Mar 2017 period, foreign tourist arrivals...
Read MoreThe central bank (Bank Indonesia/BI) reported that the economic liquidity measured by broad money (M2) accelerated 10% (yoy) in March 2017, from 9.2% (yoy) in February 2017. M2 growth accelerated on the back of stronger credit...
Read MorePan Orient Energy Corp said the estimated commencement of drilling of the AYU-1X exploration well has been delayed from late April to late Q2 2017. This delay has been due to the implementation of extraordinary measures that...
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