Plantation firm Sawit Sumbermas (SSMS) booked profit attributable to owners of Rp1.01 trillion in the first half (H1) of 2022, grew 41.3% year on year (y/y) as sales rose 43% y/y to Rp3.35 trillion. Gross profit jumped 90% y/y to Rp1.94 trillion and operating profit surged 119% y/y to Rp1.48 trillion.
Read MoreThe Government continues to promote two new Special Economic Zone (SEZ)—-Nongsa Digital Park (NDP) and Batam Aero Technic (BAT)—-in Batam Island, Riau Islands province. Few days ago, coordinating ministry for the economy brought in chief editor from some national media outlets to visit NDP, which was set as SEZ based on Government Regulation No. 68/2021.
Read MoreSince businessman Surya Darmadi, owner of Duta Palma Group, returned to Indonesia in the late afternoon on Aug. 15, 2022 and surrender himself after being on the wanted list for nearly three years, the Attorney General’s...
Read MoreIn 2019, the Tangerang City Government held a tender for the construction of a Waste Power Plant (PLTSa) and chose PT Oligo Infrastruktur Indonesia (PT OII) as the winner. The construction will be proceed by PT Oligo Infra...
Read MorePT Adaro Energy Indonesia (ADRO) Tbk, the second largest coal miner behind Bumi Resources (BUMI) in terms of volume, posted net profit of US$1.2 billion in the first half ended June 30, 2022, skyrocketed from US$169.96 million in the corresponding period last year.
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