Two major subsidiaries of Asia Pulp & Paper—PT Indah Kiat Pulp & Paper (INKP) Tbk and PT Pabrik Kertas Tjiwi Kimia (TKIM) Tbk—reported healthy sales growth last year but booked combined net losses of US$248...
Read MoreOnce Asia’s largest oil exporter, Indonesia has increasingly became an oil importing economy with widening deficits. In the first quarter 2007, according to my calculation on the latest statistic released by Central Bureau of...
Read MoreGiant heavy equipment supplier PT Trakindo Utama engaged with Sumbawa Besar Regency in the acquisition of 3% shares of copper and gold mining company PT Newmont Nusa Tenggara. In the meantime, is preparing bond...
Read MorePT Bumi Resources Tbk reported net profit of US$80.2 million in first quarter, jumped 230% from the same period last year on increasing sales and margin. Bumi posted US$577 million sales revenue in Q1/07 or a 36% growth from...
Read MoreStarted out its business as wood panel producer, PT Cipta Panelutama Tbk has transformed itself into a mining company producing bauxite which recorded ten fold revenue last year. Cipta Panel’s subsidiary PT Harta Prima...
Read MoreFew of us really paid attention when Salim Group acquired small but listed insurance PT Asuransi Harta Aman Pratama (AHAP) Tbk few months ago. AHAP has asset less than US$5 million, while Salim’s insurance group already...
Read MoreCoal mining contractor PT Darma Henwa plans to offer its shares to investors in the second half (July the earliest). The company expects to raise between US$200 million to US$250 million. Who are the people behind Darma Henwa?...
Read MorePresident Susilo Bambang Yudhoyono’s declining popularity, including on corruption eradication that earned him landslide victory in 2004 election, increased quite significantly in the last few days, especially after series of “PR” campaigns from Attorney General’s Office (AGO) and National Police to prosecute fugitives hiding in Singapore, and confiscating their assets in the country.
Read MorePT Suparma Tbk, a listed paper producer with combined capacity 1.65% of the national capacity, is looking for US$18 million financing to refinance debts and strengthen working capital. The company will refinance loans provided...
Read MoreTwo groups—Charoen Phokphand and a group familiar with acquisition of distressed assets at IBRA—are currently competing to control the troubled shrimp farm Dipasena, an asset once valued at Rp19 trillion (US$2...
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