Mar 17, 2017 | Commodities, Market, Reviews
Elia Massa Manik has been confirmed new chief executive officer of state oil and gas company Pertamina yesterday. He will manage a company with liabilities of US$25 billion and total assets of US$47.23 billion, which is almost one-third the size of Petronas (US$136...
Jan 23, 2017 | Market, Reviews
Indonesia’s bakery market has long been dominated by Salim Group-backed Nippon Indosari, which is famous with its Sari Roti brand. Alfa Group, owner of Alfamart convenience store, and some others, however, have stepped up their challenge. The latest is a joint venture...
Oct 25, 2016 | Commodities, Market, Reviews
President Joko Widodo has signed Regulation No. 40/2016 few months with a view of cutting gas price effective from January 1st, 2016. The regulation, however, yet to be implemented for several reasons, which might be rooted in the existing policy design and impacts to...
Oct 23, 2016 | Industries, Market, Reviews
MCC Overseas Ltd (MCCO), an international EPC service company wholly owned by Metallurgical Corporation of China Ltd (MCC), gained more grounds in Indonesia market, thanks to growing involvement of China in funding infrastructure projects and processing/refining of...
Oct 19, 2016 | Market, Politics, Reviews
Batang coal-fired power plant in Central Java (2×1000 MW) is not under Jokowi-Kalla’s signature 35,000 MW program, but the administration managed to solve land acquisition issue, which forced years of delay in its construction few months back. How about the...
Oct 13, 2016 | Commodities, Market, Reviews
Apexindo Pratama (APEX), an oil and gas supporting services company, suffered net loss of US$7.35 million in the first half of 2016 as sales revenues collapsed 51.2% to US$71.3 million. Elnusa (ELSA), another supporting services company, on the other hand, booked net...
Oct 11, 2016 | Commodities, Market, Reviews
Nickel returned to US$10250/ton in London Metal Exchange (LME) last Friday after dropping to below US$10,000 earlier due to negative sentiments from possible relaxation of mineral ore exports by Indonesian government. Nickel stockpile in LME continued to decline to...
Oct 10, 2016 | Industries, Market, Reviews
State-owned toll road developer and operator PT Jasa Marga (JSMR) Tbk has finally selected PT Ranggi Sugiron Perkasa (RSP) as partner in the development of Jakarta-Cikampek Elevated Toll Road (36.4 KM) with estimated investment cost between Rp12 trillion and Rp17...
Oct 6, 2016 | Industries, Market, Reviews
Alfa Group is among the largest retail players in Indonesia through Alfamart (PT Sumber Alfaria Trijaya/AMRT Tbk). Alfamart generates sales revenue of around US$4 billion per annum with market ‘value’ of Rp21.6 trillion or about US$1.7 billion. Controlled by the...
Oct 5, 2016 | Commodities, Market, Reviews
Shares of Bumi Resources (BUMI), the largest coal producer in Indonesia, jumped as much as 15% Wednesday (Oct 5) with over 1 billion shares exchanged hands, despite various issues in its financial report for the period ended December 31, 2015 and March 31, 2016. Total...
