Category: News Group

Central bank (Bank Indonesia/BI) left its benchmark 7-day reverse repo rate at 6% on 17th January 2019, as widely expected. Policy makers said the decision consistent with efforts to reduce the current account gap to a more...

Oil and gas producer Medco Energi Internasional (MEDC) expectation to own a Ophir Energy Plc. is nearly broken. The London-based upstream oil and gas producer has rejected the offering price of the local company. “The Board has...

State-owned Enterprises (SOE) ministry targets that some holding companies (holdco) establishment will be finished in March of 2019. The unfinished-holdings are infrastructure, insurance, housing, industrial estate, port,...

Samudera Shipping Line Ltd has sold Sinar Labuan oil tanker, executed by PTSSS and PT Samudera Energi Tangguh, a related company, for a consideration of US$60,976.19. The book value of Sinar Labuan was US$788,000. Accordingly,...

Cathay Pacific Group (include Cathay Dragon) carried a total of 3,105,829 passengers in December 2018, an increase of 1.8% compared to Dec 2017. The passenger load factor decreased 0.8% percentage points to 83.8%. For 2018 as a...

National cement sales reached 75.2 million tons in 2018, grew 8.6% compared to the previous year. A total of 69.51 million tons are sales in the domestic market and 5.7 million tons from the export market. But compared to the...

After the Apple assembler Pegatron Corp.’ steps to invest in Batam, Riau Islands province, Indonesia also invited United States’ Apple Inc., China’ Huawei Technologies Co. Ltd., and South Korea’ Samsung Electronic to create its...

State utility firm Perusahaan Listrik Negara (PLN) plans to set aside Rp90 trillion for investment in 2019, with the most investment for the 35 Gigawatt project. The funds would be obtained from the company’s equity and from...

Total of Indonesia television ads expenditures reached Rp100 trillion, grew 13.35% from Rp97.45 trillion in 2017. According to the Television Adstensity monitor (TVC), this gross value statistic based on the recording of 13...

Indonesia’s trade deficit widened to US$1.10 billion in December 2018 from US$0.24 billion in the same month a year earlier and beating market consensus of a US$0.93 billion gap, Tradingeconomics.com reported. It was the...

Moody’s Investors Service says that its outlook for sovereign creditworthiness in Asia Pacific (APAC) in 2019 is stable overall, reflecting its expectations for the fundamental credit conditions that will drive sovereign credit...

Government through the National Logistics Agency (BULOG) guarantees the availability of rice stock until July 2019. Therefore, over the next six months, there would be no rice imports. In coordination with the Ministry of...