Category: News Group

Japan’s trade surplus widened 66.5% to JPY721.4 billion in June of 2018 from JPY433.2 billion a year earlier. Exports grew by 6.7% year-on-year to JPY7,052 billion, following a 8.1% rise in the previous month. Imports went...

BRI Agroniaga (AGRO) targets to raise Rp2 trillion from planned rights issue in September 2018. It will issue 5 billion new shares, representing 27.1% of its enlarged capital, priced at Rp100 per share. The Bank plans to use the...

Government (Ministry of Finance) mulls a sanction for accounting giant Deloitte Indonesia for its role in the default of PT Sunprima Nusantara Financing (SNP Finance)’s medium-term note. The investigation of the case had...

Hughes Network Systems, LLC (Hughes), the global leader in broadband satellite networks and services, has been selected by Bank Rakyat Indonesia (BRI), to deploy its JUPITER™ System to power services over BRIsat, Bank...

With a strong job market, inflation close to the objective, and the risks to the outlook roughly balanced, the FOMC believes that for now the best way forward is to keep gradually raising the federal funds rate, Fed Chair Powell...

After the first light rapid transit (LRT) in Palembang, South Sumatera tested by President Joko Widodo on July 13, the government targets to launch Jakarta’s LRT early August. The Jakarta Provincial Government is eyeing to...

PT Quick Service Restaurant (QSR) recently signed an 80-restaurant deal with Texas Chicken®, one of the world’s largest quick-service chicken restaurant chains. The franchisee will open and operate locations primarily in...

Following the United States’ (U.S) threatened on Indonesian export, Trade Minister Enggartiasto Lukita said to visit United States (U.S) on July 21-28, to maintain a trade balance between the two countries. In the limited...

Moody’s Investors Service has assigned a first-time B2 corporate family rating (CFR) to property developer Sentul City (BKSL). The outlook on the rating is stable. Sentul City’s B2 CFR reflects its ownership of a large and...

Asian stock markets closed in the red on Monday after latest data showed China’s economy expanded at a slower pace in the second quarter on the back of softer global trade and the tightening of financial policy. The...

Imports to Indonesia increased 12.66% from the previous year to US$11.26 billion in June 2018, easing from an upwardly revised 28.25% jump in the previous month. Purchases of non-oil and gas rose 8.95% to US$9.14 billion while...