Category: News Group

Bank DBS Indonesia posted net profit of Rp31 billion only in 2018, compared to Rp503 billion in 2017 as profit from operation dropped 58% to Rp271 billion from previous Rp648 billion. The Bank also recorded Rp260 billion loss of...

Pieter Tanuri mulls to acquire PT Visi Media Asia (VIVA), parent company of TV One. Pieter is said to acquire VIVA with the consortium. VIVA and its subsidiary PT Intermedia Capital (MDIA) have informed to launch the rights...

Pulp and paper producer PT Oki Pulp & Paper issued medium term notes (MTN) worth Rp300 billion. The MTN has tenor of 3 years (due in Feb 15, 2022) and carries annual coupon rates of 11%. Sinarmas Sekuritas arranged this MTN...

Airliner PT Lion Mentari Airlines (Lion Air) plans to launch the initial public offering (IPO) this year, targeting to raise US$1 billion fund. Since 2014 Lion Air was reported to launch IPO for 30% shares, targeting to raise...

Mobilkamu, Indonesia’ online platform for new car buying, has secured an undisclosed amount of Series A investment led by East Ventures, Genesia Ventures, and Denali Venture Partners. Founded by Wilton Halim from Indonesia and...

Government plans to establish an agency to integrate the transportation mode in Jakarta and surrounding areas. The new planned is expected to solve the traffic problem in Jakarta, Bogor, Depok, Bekasi an Tangerang. Governor of...

Oil prices rebounded to the highest since November 12th 2018 on Wednesday (Mar 20) after EIA data showed crude inventories in the US fell by 9.6 million barrels in latest week, the biggest drop since the week ended July 6th and...

Federal Reserve policymakers expect rates to remain at current levels this year, compared to December’s projection of two hikes. The FOMC also pledged to start slowing the shrinking of its balance sheet in May and stop the...

Two subsidiaries of Golden Plantation (GOLL), PT Bumiraya Investindo and PT Airlangga Sawit Jaya, are tangled by debts, as both companies have submitted postponement of debt repayment obligations. Sluggish financial condition...

State plantation firm booked net profit of Rp240.21 billion in 2018, a 19% higher compared to the target. It boosted its production of fresh fruit bunches (FFB) to 24 tons per hectare per year, also targeting to book net profit...

Plantation firm Mahkota Group (MGRO) based in North Sumatera produced 41,767 tons of crude palm oil (CPO) in Jan-Feb 2019 period. It produced 16,131 tons of CPO in January and 25,636 tons in February. MGRO expects to book sales...

State financing firm Sarana Multigrya Finansial (SMF) booked net profit of Rp436.5 billion in 2018, grew 9.8% from Rp397.4 billion in 2017. Revenues rose 14.3% to Rp1.34 trillion from previous Rp1.18 trillion. Total expenses...