Category: News Group

Coal miner Delta Dunia Makmur (DOID) reported a 16.22% drop in coal production in September after recording high record production in August. DOID, trough its unit Bukit Makmur Mandiri Utama (BUMA) produced 3.1 million tons of...

PT PP Presisi, unit of state-owned construction firm PT PP Tbk (PTPP), has set its IPO price at Rp430-550 billion. It plans to offer 4.24 billion shares, representing 35% of its total issued and paid-up capital. PP Presisi...

The Government has raised additional Rp8.9 trillion from issuing retail bonds (series ORI014) used to support the budget financing for this year. The bond offered during Sept 29 to Oct 19, 2017. This bond offered annual coupon...

Life insurer PT Sun Life Financial Indonesia booked premium income of Rp2.17 trillion in third quarter (Q3) this year, jumped 121% from the same period last year. Unit link products contributed Rp1.75 trillion income or 80% of...

Export of textile and its products (TPT) reached US$9 billion as of September 2017. For this year, textile export is targeted for US$12 billion, a 1.6% rise compared to US$11.8 billion last year. It is likelihood that textile...

The central bank (Bank Indonesia/BI) expects the economy to grow by 5.3-5.4% in the fourth quarter (Q4) this year, inline with recovery in retail sector and acceleration of infrastructure development. BI also expects the economy...

Property business group Riyadh Group Indonesia, through PT Lima Putra Realti have signed contract with state construction firm PT PP for working on Setiabudi Condominium Medan project which costs for Rp302 billion. This project...

Aberdeen Indonesia Fund, Inc., a closed-end equity fund, invested 49.7% of its total portfolio assets in consumers segment in Indonesia as of September 30, 2017. On September 30, 2017, the Fund’s net assets amounted to U$77.9...

Taxpayer compliance in Indonesia has risen after the completion of the tax amnesty program in early 2017 according to Yon Arsal, Director of Tax Revenue and Compliance at the Directorate General of Taxes. This statement is based...

Mitsubishi Corporation mulls to relocate its Mitsubishi Fuso factory – where commercial vehicles are built – away from the city in Pulo Gadung (East Jakarta). Noboru Tsuji, Senior Vice President of Mitsubishi...

State railway operator PT Kereta Api Indonesia (KAI) issued bonds worth Rp2 trillion, facilitated by Mandiri Sekuritas, Bahana Sekuritas, BCA Sekuritas, BNI Sekuritas, and Danareksa Sekuritas. The bonds are issued in two series...

Bank BNI Syariah booked net profit of Rp246 billion in third quarter (Q3) this year, grew 14.6% compared to the same period last year. Its assets rose 19.4% to Rp32 trillion. The financing reached Rp22.5 trillion while third...