Oct 5, 2016 | Market, Reviews
Competition to acquire geothermal assets of Chevron in Indonesia has narrowed down to six groups. A total of 14 investors initially expressed their interest, but only six companies submitted bid offers. One of them is PT Star Energy, a company co-owned by Mitsubishi...
Oct 4, 2016 | Commodities, Market, Reviews
Bumi Resources (BUMI), the largest coal producer in Indonesia, booked net loss of US$1.93 billion last year, skyrocketed from US$370 million in 2014, according to the audited financial report released Tuesday (Oct 4). The Company managed to cut its interest and...
Sep 22, 2016 | Industries, Reviews
PT Margahayu Land Development (MLD) is one of the largest property developers based in Bandung, the capital city of West Java province. Claiming more than four decades in the business, the group plans an initial public offering (IPO) later next year or early 2018....
Sep 21, 2016 | Market, Reviews
Pertamina’s Pension Fund, one of the largest in the country, has steadily offloaded its ownership in oil and gas supporting services company Elnusa (ELSA), which is majority owned by state-owned oil and gas Pertamina. This has triggered speculations in the...
Sep 20, 2016 | Industries, Market, Reviews
Tommy Soeharto, youngest son of the late president Soeharto, is among big taxpayers participating in the tax amnesty program. Tommy made public his participation in the program last week saying he would repatriate most of his offshore funds and assets. The question,...
Sep 19, 2016 | Market, Reviews
Medco Energi Internasional (MEDC) is clearly a company to watch. The latest is the acquisition of ConocoPhillips’ interest in Natuna B Block. But, like its participation in the acquisition of PT Newmont Nusa Tenggara (NNT), market participants were left in the dark...
Sep 15, 2016 | Market, Reviews
Composite index of Indonesia Stock Exchange (IDX) gained 2.3% 10 minutes to the Thursday (Sept 15) closing as investors responded positively export-import data for August and more promising results from the tax amnesty program. Both export and import of non-oil and...
Sep 9, 2016 | Market, Politics, Reviews
Sofyan Basir, CEO of state electricity provider PT Perusahaan Listrik Negara, refused to re-tender development of the giant Jawa-5 coal-fired power plant (2×1000 MW) despite calls from interim energy and mineral resources minister Luhut Binsar Pandjaitan. “This...
Sep 9, 2016 | Industries, Market, Reviews
PY Yangtze Optical Fiber Indonesia (YOFI), subsidiary of HKSE-listed cable manufacturer Yangtze Optical Fibre and Cable Joint Stock Limited Company, has started commercial operation of its first fibre optic cable manufacturing facility in Karawang, West Java. The...
Sep 9, 2016 | Market, Reviews
State-owned toll road developer and operator PT Jasa Marga (JSMR) Tbk booked net profit of Rp926 billion in the first half of 2016, jumped by 44% from the corresponding period of 2015, thanks to 63.1% growth in sales revenues. The Company performed significantly...
