Category: News Group

After more than a year of negotiations, state oil and gas firm Pertamina expects to complete its acquisition of an operating interest in Iran’s Mansouri oilfield this month. With its finances in better order, Pertamina is also...

Plantation firm Provident Agro (PALM) divests shares in two entities and raised Rp555.32 billion. It sold shares in PT Sumatera Candi Kencana (SCK) based in Banyuasin at value of Rp114.56 billion to PT Sumber Tani Agung...

Taxi operator Express Transindo Utama (TAXI) suffered loss of Rp108.88 billion in first quarter (Q1) this year, widened 86% from the same period last year. It booked revenues of Rp62 billion in the period, declined 20.8% from...

Property developer Intiland Development (DILD) booked net profit of Rp112.8 billion in the first quarter (Q1) this year, jumped 178% from the same period last year. Revenues jumped 78% to Rp709.2 billion from previous Rp398.7...

State construction firm Wijaya Karya (WIKA) has been appointed by state port operator PT Pelabuhan Indonesia (Pelindo) II as contractor for constructing Kijing port terminal in Pontianak, West Kalimantan. This contract values...

The central bank (Bank Indonesia/BI) said global economic growth in 2018 is projected to improve, despite the ongoing global liquidity rebalancing process. The global economic growth projection for 2018 has been upgraded from...

Indonesia’s venture capital firm Alpha JWC Ventures has announced to join with global technology platform and digital payments leader PayPal Holdings, Inc. (NASDAQ: PYPL) to invest up to US$5.0 million in participants of PayPal...

INTTRA, the largest neutral network, software and information provider at the center of the ocean shipping industry, announced an expansion of its rapidly growing carrier network with the addition of Salam Pacific Indonesia...

Indonesian beauty e-commerce and social platform Sociolla, has announced that it is closing a major funding of US$12 million, led by EV Growth. Participating in the round as well are istyle Inc. and one major institutional...