Category: News Group

Cement maker Indocement Tunggal Prakarsa (INTP) plans to build two new terminals located in Sumatra. Currently INTP has seven terminals; Tanjung Priok (Jakarta), Tanjung Perak (Surabaya), Sepanjang (Sidoarjo), Lembar...

Securities firm Bahana Sekuritas said it, as underwriter, is preparing to launch the initial public offering (IPO) for PT Buyung Poetra Sembada, rice producer with Topi Koki brand. Buyung Poetra Sembada has planned to launch IPO...

State cement maker Semen Indonesia (SMGR) mulls to acquire local cement producers. It is keen to acquire cement mill with the installed capacity of over 60%. There are five local cement mills with high production utilization....

Property and real estate developer Puradelta Lestari (DMAS) targets to book revenues of Rp1.7-1.8 trillion this year, higher than Rp1.59 trillion last year. While net profit or bottom line is expected for 55-60% of top line...

Bank Mandiri Taspen Pos (Bank Mantap) plans to issue bonds worth Rp3 trillion this year. The bond will be issued in two series with tenor of 36 months and 60 months. Acting as underwriter are Bahana Sekuritas, BCA Sekuritas,...

The central bank (Bank Indonesia/BI) booked surplus after tax of Rp17.07 trillion in 2016, dropped 72% from Rp61.3 trillion surplus in 2015. Revenues/income fell 50% to Rp60.5% trillion from earlier Rp121.2 trillion in 2015....

Aberdeen Indonesia Fund, Inc., a closed-end equity fund, invested 49.5% of its total portfolio assets in consumers segment in Indonesia as of April 30, 2017. On April 30, 2017, the Fund’s net assets amounted to US$76.5 million...

The largest telecommunication firm PT Telekomunikasi Indonesia Tbk (TLKM) has bagged loan of Rp12 trillion until May this year, mostly provided by banks. TLKM will seek new loan in the second half of this year to supporting its...

PT Trafindo Prima Perkasa, one of the largest manufacturer of transformers in Indonesia, has set its IPO price at range of Rp320-400 per share, to raising IPO proceeds of Rp384-480 billion. The Company offers 1.2 billion shares...

PT Marcopolo Shipyard has on May 18, 2017 filed an application to place itself under the suspension of debt payment plan (PKPU). It was ordered, amongst others, a temporary retraint of legal proceedings against it be put in...

Intelsat S.A., operator of the world’s first Globalized Network and leader in integrated satellite communications, and PT Telekomunikasi Indonesia Tbk (TLKM), Indonesia’s largest satellite telecommunications services company,...

State electricity firm Perusahaan Listrik Negara (PLN) has last week signed contracts for eight projects valuing for Rp7.2 trillion. The projects consist of engineering, procurement, construction (EPC) power plant with capacity...