The Government of Indonesia offers private banks (local and foreign) to involve in funding the light rail transit (LRT) project in Jakarta, Bogor, Depok, Bekasi (Jabodebek). But the Government demands 7-8% interest for the said...
Read MoreSGX-listed Federal International (2000) Limited, an integrated service provider and procurement specialist in the oil and gas, energy, utilities and infrastructure industries, has signed an MOU with China Merchants Industry Holdings Co Ltd (CMIH). Under the MOU, Federal and CMIH will co-operate exclusively with on certain identified oil and gas projects in Indonesia.
Read MoreUS Vice President Mike Pence yet to conclude the negotiation with Indonesia’s Government on East Natuna Block contract. Indonesia seeks profit sharing from the said block, not only getting revenues from paid tax. East...
Read MoreComposite index of Indonesia Stock Exchange (IDX) advanced 0.44% Friday (Apr 21) morning to follow regional and global markets. Telkom (TLKM) led with 4.38% gain to respond its strong first quarter performance, while Astra International (ASII) advanced 2.62%.
Read MoreVale Indonesia (INCO) produced 17,224 tons of nickel in matte in the first quarter of 2017, inched up 2% from the corresponding period of 2016, but down significantly from fourth quarter of 2016 due to planned maintenance activities.
Read MoreAstra International (ASII) allocates capital expenditure (capex) of Rp15 trillion for this year, of which capex for automotive business accounts for Rp2.5 trillion. Astra’s automotive business got mild pressures in first quarter (Q1) this year but its market share grew. While Astra’s heavy equipment sales jumped 70%, mainly for mining segment along with increasing coal prices.
Read MoreThermal coal is now traded at around US$84.1 per ton, down significantly from its peak late last year, but the commodity has been hovering above US$80 per ton for nearly seven months since early October 2017 amidst mixed views of supply-demand balance in China and India, growing output in Indonesia, and weather issues in Australia.
Read MoreThe trial of the two defendants in the electronic identity cards (E-KTP) graft case continues. In the hearing held on April 20, 2017 the Court was set to hear the testimonies of twelve witnesses, but only six witnesses attended the hearing. There were confirmations on the alleged involvement of the Speaker of the House of Representatives Setya Novanto and the former Minister of Home Affairs Gamawan Fauzi.
Read MoreThe Minister of Environment and Forestry recently published several Minister Regulations (Permen KLHK) to implement the terms set forth in the Goverment Regulation (PP) 57/2016 regarding the Protection and Management of Peat Ecosystem. One of the implementing regulations is the Permen No. P.17/MENLHK/SETJEN/KUM.1/2/2017 on Commercial Plantation Forest Development, which revised Permen No. P.12/MENLHK-II/2015. But the revision written down in the Permen P.17 raised objections from various parties, especially from the owners of forest utilization permit.
Read MoreA construction company based in Lampung PT Hanjung Indonesia entered their period of Suspension of Debts Payment (PKPU) in March 2017 after the Panel of Judges of the Commercial Court of the Central Jakarta District Court decided to accept the PKPU lawsuit filed by one of the Company’s creditor PT Hermes Cargo Service. The PKPU process is a second chance for the Company after escaping a bankruptcy lawsuit in February 2017.
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