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Ariobimo Group and Taman Ria Senayan Project

A plan to build new legislative building continues to spark controversies. Leaders of the House of Representatives (DPR) insist that President Joko ‘Jokowi’ Widodo has approved the Rp1.6 trillion project, but some political parties recently changed their minds, calling the project not urgent this time around.

Business

Bottled Water Business: Results & Outlook (2)

Almost all major food & beverage business players are in the bottled water business to challenge domination of Danone (Aqua). Salim Group, Wings Group, Orang Tua Group, Nestle, and Mayora are some of them. Competition intensifies, but room for growth and better margins are still there.

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Protelindo’s H1 Profit Down 3.7%

PT Professional Telekomunikasi Indonesia (Protelindo) booked net profit of Rp1.27 trillion in first half (H1) this year, down 3.7% from Rp1.32 trillion in H1 last year. Revenue increased 9% to Rp2.64 trillion but operating...

Meikarta’s Land Acquisition at 16.8%

Lippo Group managed to acquire 16.8% of the total land required to develop the ambitious Meikarta township project. Although the land acquisition process is far from completed, while in various local media it is speculated that...

Pertamina’s Profit in H1 Declines 24%

State oil and gas firm Pertamina booked net profit of US$1.4 billion in first half (H1) this year, declined 24% from US$1.83 billion in H1 last year. Revenues increased 19% to US$20.5 billion. Higher crude oil price and flat...

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Ariobimo Group and Taman Ria Senayan Project

A plan to build new legislative building continues to spark controversies. Leaders of the House of Representatives (DPR) insist that President Joko ‘Jokowi’ Widodo has approved the Rp1.6 trillion project, but some political parties recently changed their minds, calling the project not urgent this time around.

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