Category: News Group

The Ministry of State-owned Enterprises (SoE) has appointed Doso Agung as new CEO or president director for state port operator PT Pelabuhan Indonesia (Pelindo) 3, replacing I Gusti Ngurah Ashkara Danadiputra who was elected as...

PT HK Metals Utama, member of Hyamn Group, engaging in metal and steel manufcturing, has set its IPO prices at Rp190-230. to raise total proceeds of Rp278.66 billion to Rp337.33 billion. It plans to offer 1.46 billion shares,...

President Joko Widodo has signed a Presidential Instruction that puts a three-year ban on palm oil plantations licenses, a move that is unlikely to be popular among the palm oil industry, one of the most influential industry in...

Government and Budget Commission of House Representatives (DPR) set the budget deficit in the 2019 State Budget at 1.84% of the Gross Domestic Product (GDP), lower than 2.12% set for this year. The decline in the projected...

President Joko Widodo has signed Presidential Regulation Number 82 of Year 2015 about the use of cigarette excise from the regions to cover the financial deficit of the Health Social Security Organizing Agency (BPJS). The agency...

Bank Mayapada (MAYA) is now offering subordinated bonds (subdebt) worth Rp803 billion, part of Rp3 trillion subdebt program, with tenor of seven years and offering annual coupon rates at 10.5%. PT RHB Sekuritas Indonesia acts as...

National steel and iron export jumped 94% to US$3.62 billion (Rp52.17 trillion) in Jan-Aug 2018 period, from US$1.86 billion in the same period of last year. Local steel producers opt to boost export as domestic economy is...

Moody’s Investors Service has downgraded the corporate family rating of Lippo Karawaci (LPKR) to B3 from B2. Moody’s has also downgraded the backed senior unsecured rating of the bonds issued by Theta Capital Pte. Ltd., a...

Unit of Singapore Catalist listed’s Silkroad Nickel Ltd.,(SGX: STP) signed a head of agreements to form a joint venture for smelter facilities construction in Morowali, South Sulawesi, said the company on Tuesday (Sep 18). The...

Moody’s Investors Service has revised ABM Investama (ABMM)’s ratings outlook to negative from stable. At the same time, Moody’s has affirmed the company’s Ba3 corporate family rating and the Ba3 senior unsecured rating on its...

Japan posted a trade deficit of JPY 444.6 billion in August of 2018, compared to a JPY 96.8 billion surplus in the same month a year ago. It was the second straight month of trade deficit, mainly due to a surge in imports....

The Bank of Japan (BoJ) left its key short-term interest rate unchanged at -0.1 percent at its September 2018 meeting, as widely expected. Policymakers also kept its 10-year government bond yield target around zero percent and...