Jul 18, 2018 | Infrastructure, Politics
The registration of lawmaker candidates came with a few surprises: the inclusion of the former commissioner of the Corruption Eradication Commission and now the Spokesperson of President Joko “Jokowi” Widodo Johan Budi Sapto Prabowo as a lawmaker candidate for PDIP;...
Apr 10, 2018 | Business, Infrastructure
State-owned EPC firm Hutama Karya, assigned to develop trans-Sumatra toll road, reported further progress in some sections by April 6, 2018. Medan-Binjai in North Sumatra reached 86.23%, while Palembang-Indralaya in South Sumatra 84.64%. We anticipate delay in...
Oct 1, 2012 | Infrastructure, News Group
Shares of toll road developers and operators were among top gainers on Indonesia Stock Exchange (IDX) this year. Jasa Marga (JSMR), the largest toll road operator, gained 25% year-to-date to become an almost US$4 billion company. Bakrie Toll Road (BTR), which slated...
Sep 30, 2012 | Infrastructure, News Group
Industrial estate developer PT Bekasi Fajar Industrial Estate (BEST) Tbk is one of top gainers on IDX this year. The stock gained 273% from its IPO in April. The company currently has market capitalization of US$630 million, more than four times its equity as of...
Sep 17, 2012 | Infrastructure, News Group
Shares of PT ICTSI Jasa Prima (KARW) Tbk soared 25% to Rp1,200 Monday (Sept 17). That means the stock has skyrocketed 518% since late August 2012. Still, the company’s market capitalization is below US$80 million. Acquisition of Makassar Container Port will...
Sep 5, 2012 | Infrastructure, News Group
Property and industrial estate developer PT Surya Semesta Internusa (SSIA) Tbk is among top gainers so far this year. In the past 52 weeks, SSIA has soared 319%. It is now a company with market capitalization of Rp5.31 trillion or about US$580 million. PT Union...
Sep 5, 2012 | Infrastructure, News Group
Privatization of water supply business in developing countries has always been a controversial and delicate issue. While wealthier society needs better supply of water, the lower income group has been leaving behind in most aspects. It is in this context we could...
Aug 17, 2012 | Infrastructure, News Group
Development of coal railway in Central Kalimantan province might have just entered an interesting stage. Yesterday, some potential customers of the railway have signed the so-called Declaration of Commitments in Palangkaraya, capital city of Central Kalimantan...
Jul 20, 2012 | Infrastructure, News Group
State-owned companies Pertamina, Perusahaan Gas Negara (PGAS), and Perusahaan Listrik Negara (PLN) are all entering LNG receiving terminal business. Other than competition between them, there are also growing interests from private sector to reap potential benefit...
Jul 12, 2012 | Infrastructure, News Group
Jasa Marga (JSMR) outperformed IDX composite this year. The stock gained 35%, while composite index inched up by 6% only. A guaranteed growth in toll road tariff shielded the company from the crisis, while public have limited options. Industrial estate developer...
