Tag: Mitsubishi


Media reported this week that a consortium of Ayala Corp (the Philippines) and Star Energy Group has been selected winner of the tender to acquire Chevron’s geothermal assets in Indonesia and the Philippines. This is an interesting partnership to watch in regional context of partnership between business players and quest for control of Indonesia’s energy market.

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Stronger Automotive Sales

Like cement, August was also a great month for automotive industry. According to Indonesian Automotive Association (Gaikindo), car sales in the month reached 96,294 units, an increase of 6.3% from the corresponding month last year, lifting sales in the first eight months of 2016 by 2.88%.

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