Agung Podomoro Group is known for its self-financed and consumer-financed property projects. But looks like that has changed in recent years. Today, the company signed a Rp1.1 trillion loan with BNI, BII, and CIMB Niaga to...
Read MorePT Astra International (ASII) Tbk reported 16% drop of net profit in Q1 2009 to Rp1.87 trillion, mainly due to significant drop of profit at plantation unit Astra Agro Lestari (AALI) and the automotive division, while the heavy...
Read MoreKalteng Pos reported on Wednesday that land dispute between people in three villages (Sikan, Hajak, and Kandung) in three different sub-districts of Katingan Regency, Central Kalimantan and PT Antang Gunung Utama (AGU) continues.
Read MoreIndomaret (controlled by Salim Group) and Alfamart (controlled by Susanto family) plans to open 800 convenience stores each this year despite growing hostility from some local leaders in defending traditional markets. We are...
Read MoreBrokerage firm PT Asia Kapitalindo Securities Tbk or AKSI (literally means “action”) has just published its 2008 financial results with net profit of Rp0.6 billion, dropped 93% from 2007. That’s not the...
Read MoreConsumer goods producer PT Mandom Indonesia Tbk reported net profit of Rp114.8 billion last year, inched up by 3.2% despite strong sales growth. Meanwhile, cigarette producer PT BAT Indonesia Tbk reported net loss of Rp86.6...
Read MoreKeppel Land Ltd is one of the largest property developers in Southeast Asia with total equity of S$6.8 billion. Unfortunately that the company’s market capitalization is only S$5.45 billion or about Rp48 trillion. In the first half of 2013, Keppel Land booked net profit of S$192 million only, down 18.8% from the corresponding period of 2012. The company has decided to sell all its shareholdings in Jakarta Garden City to Modernland Realty (MDLN). How about other assets?
Read MorePT Astra International (ASII) Tbk booked net profit of Rp9.19 trillion or around US$840 million last year, increased 41% from 2007 on strong revenue growth of 38%. Last year probably one of the most profitable year for Astra...
Read MoreConsumer financing company PT Adira Dinamika Multi Finance (ADMF) Tbk reported net profit of Rp1.02 trillion in 2008, jumped 82.4% from the previous year on unbelievably high interest rate paid by motorists. With earning per...
Read MorePT Hanson Energy wins 20-year low-rank coal supply deal for six coal-fired power plants at a combined value of US$3 billion, Detik.com reported. Who’s behind? Political connection?
Read More