Category: News Group

PT Professional Telekomunikasi Indonesia (Protelindo) booked net profit of Rp1.27 trillion in first half (H1) this year, down 3.7% from Rp1.32 trillion in H1 last year. Revenue increased 9% to Rp2.64 trillion but operating...

Lippo Group managed to acquire 16.8% of the total land required to develop the ambitious Meikarta township project. Although the land acquisition process is far from completed, while in various local media it is speculated that...

State oil and gas firm Pertamina booked net profit of US$1.4 billion in first half (H1) this year, declined 24% from US$1.83 billion in H1 last year. Revenues increased 19% to US$20.5 billion. Higher crude oil price and flat...

China’s e-commerce giant Alibaba Group Holding Ltd is said to have signed new investment agreement with Indonesian online shopping facilitator Tokopedia. Tokopedia’s CEO William Tanuwijaya said the new investment...

Consumer finance provider Home Credit Indonesia booked financing of Rp2.1 trillion in the first half (H1) this year, jumped 199% from Rp702 billion in H1 last year. Financing for mobile phone reached 76%, followed by electronics...

Shipping firm Sillo Maritime Perdana (SHIP) said its subsidiary PT Suasa Benua Sukses (SBS) has purchased a vessel at price of US$23.7 million from Liberia-based Fertecks Shipping Inc. SHIP holds 50.84% stake in SBS. SBS in July...

Property developer Bakrieland Development (ELTY) focuses to restructure its bond debt of Rp3.6 trillion, representing 47% of its total liability. This restructuring of bond debt aims to strengthen its capital structure, then the...

State oil and gas firm Pertamina produced 692,000 barrels oil equivalent per day (boepd) in the first half (H1) this year, grew 8% from H1 last year. Oil production rose 12% to 343,000 barrels per day (bpd) while gas production...

The Government of Indonesia will continue focusing on the infrastructure development in 2018, to boost the connectivity between regions. President Joko “Jokowi” Widodo stated on his annual speech at the parliament...

The Government sets higher tax revenues for 2018, amounting Rp1,609.3 trillion, up Rp130 trillion compared to Rp1,472.7 trillion set for 2017. The income tax (PPh) is targeted for Rp852.9 trillion next year while value-added tax...

The Government has set state revenues for 2018 at Rp1,878.44 trillion, a 8.2% rise compared to Rp1,736.06 trillion for 2017. While the state spending is set for Rp2,204.38 trillion for next year, a 5.02% rise from Rp2,098.94...

The Government cuts the regional transfer fund to Rp701 trillion for 2018 (RAPBN), from Rp706.33 trillion for 2017. The budget allocated for regional autonomy development and decentralization is reduced to 671.6 trillion from...