Asia Pacific Fiber (POLY) has proposed to Finance Ministry to support its debt restructuring, so as the Company will resume the operation of its purified terephthalic acid (PTA) plant. This plant stopped operation in 2015 due...
Read MoreIndonesia’s Central Bank (Bank Indonesia/BI) on Tuesday (Nov 7) reported lower reserves assets in October 2017, but remain positive with domestic economic conditions, improved export performance, and conducive global financial market development.
Read MoreAs many as 50 tonnes of Palm Fatty Acid Distillate (PFAD) spilled into the Bayur Bay waters in Padang, West Sumatera, on September 28, 2017. The spill was caused by a leak on the oil tank of PT Wira Inno Mas (Musim Mas Group). Some parties have already asked Wira Inno to take responsibility for the potential environmental damage. On October 1, 2017, the Institute for Policy Research and Advocacy (ELSAM) sounded their position in the case through a press release, and on October 2, 2017, the Company, through the Musim Mas Group official website, said that they had cleared the affected area together with the local apparatus and stated that the situation was well under control.
Read More
KPK investigator Novel Baswedan was attacked outside of a mosque earlier today. News outlets reported that Novel was attacked with acid. Novel is known for being in charge plenty of high profile cases, one of which is the E-KTP case, whose two suspects are undergoing trial.
Read MoreTotal funds raised by corporates and the government from capital market reached Rp522.87 trillion year to date (per September 9), compared to Rp472.92 trillion for full year 2015. The bonds issue accounted for Rp475 trillion or 90.84% of total raised funds. While funds raised through equity issues amounted Rp47.87 trillion, consisting of rights issue (Rp43.17 trillion) and IPO (Rp4.33 trillion). The Government will today offer two series of Islamic bonds (sukuk), targeting to raise Rp18 trillion.
Read More