The Ministry of Energy and Minerals Resources (ESDM) has set coal price reference at US$92.51 per ton for December 2018, lower from US$97.90 per ton for November 2018, partly due to weak demand from China. Coal prices continued...
Read MoreReal estate developer Satria Mega Kencana (SOTS) has set its IPO price at Rp160 per share, to raise total proceeds of Rp66 billion. The Company offers 400 million shares and 200 million warrants. The IPO proceeds will be issued...
Read MoreBank Tabungan Negara (BTN) plans to issue subordinated bonds (subdebt) worth Rp2 trillion in 2019, to strengthen its capital adequacy ratio (CAR) to stay above 19%. Per October this year BTN’s CAR reached above 18%. As of...
Read MoreEver since the government awarded Rokan Block to state-owned PT Pertamina, the Regional Government of the Province of Riau has been asking for their share of 10 percent participating interest. Riau is eager to get their share for they said that they had yet to enjoy a fair share ever since Chevron began to manage Rokan in 1971.
Read MoreThe Saudi Ambassador to Indonesia His Excellency Dr. Osama bin Mohammed A-Shuaibi has been under the spotlight for a message he had allegedly posted on the social media platform Twitter. In said post, the Ambassador supposedly alluded to the GP Ansor as a deviant organization. GP Ansor is the youth organization of the Nahdlatul Ulama (NU), the largest Islamic organization in the Republic of Indonesia. And so in reaction to Ambassador Osama’s Twitter post, the Central Leadership of the NU (PBNU) and GP Ansor held a press conference last week demanding an explanation and apology from the Ambassador.
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