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Posted by yosefardi.com | August 12, 2022 | Law | 0
Last month we reported on the dispute between Tan Heng Lok and PT Industri Telekomunikasi Indonesia (Persero) (PT INTI), both are shareholders of textile producer PT Sejahtera Bintang Abadi Textile Tbk (SBAT). Court examination on the latest lawsuit just started on Aug. 10, 2022, but Tan Heng Lok already filed a different lawsuit against different parties including PT Perdana Karya Perkasa Tbk (PKPK).
Read MorePosted by yosefardi.com | August 12, 2022 | Law | 0
It has been five years since the Government of Indonesia terminated its coal mining concession agreement (PKP2B) with PT Asmin Koalindo Tuhup (PT AKT), a subsidiary of PT Borneo Lumbung Energi & Metal Tbk (BORN, now...
Read MorePosted by yosefardi.com | August 12, 2022 | Industries | 0
PT Hutama Karya, a state-owned EPC firm tasked to develop the trans-Sumatra toll road, booked net loss of Rp671 billion in the first half ended June 30, 2022, fell significantly from loss of Rp1.24 trillion in the corresponding period last year, thanks to improved toll road operations.
Read MorePosted by yosefardi.com | August 12, 2022 | Commodities | 0
Fast growing nickel processing capacity (nickel pig iron/NPI, ferronickel, and nickel sulphate for EV battery) lifted output of some major miners in the country, which also contributed to higher than average economic growth in...
Read MorePosted by yosefardi.com | August 12, 2022 | Market | 0
Plantation firm Mahkota Group (MGRO), through PT Mutiara Unggul Lestari (MUL), purchased more shares in PT Karya Pratama Niagajaya (KPN), lifting its ownership to 52% from previous 40%. MGRO, accordingly, is the controlling shareholder for KPN, which has palm mill in Batu Bara Regency, North Sumatera with production capacity of 45 tons per day. This palm mill is located near Kuala Tanjung port and Sei Mangkei special economic zone (SEZ).
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