Sinarmas Group is getting closer to control Asia Resource Minerals Plc (ARMS), controlling shareholder of PT Berau Coal Energy (BRAU) Tbk. Where Samin Tan and his Borneo Lumbung Energi (BORN) will be in the equation?
Read MoreSummarecon Agung (SMRA) is one of the largest property developers in the country with sales revenue of Rp942 billion in the first quarter of 2015, inched up 0.4% only from the same period of last year. Its net profit dropped 10% in the quarter, but Summarecon is currently among the highly valued property stocks, 3.8 x equity.
Read MoreThe composite index of the Indonesia Stock Exchange (IDX) gained 0.69% to close at 4933 on Wednesday (June 10), but profit taking hit certain stocks. The index reached its high at 4974 on yesterday’s trading after opening at 4912. The index dropped 2.3% in the previous day, and lost 1.68% on Monday. Foreign investors however booked net sell of Rp500.6 billion, cutting year-to-date net sell to Rp4.69 trillion.
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President Joko “Jokowi” Widodo has once again surprised many by naming the Army Chief of Staff (KSAD) General Gatot Nurmantyo as the sole military commander nominee. Jokowi broke the tradition started by the late President Abdurrahman Wahid (Gus Dur) to rotate the position of the military commander among the leaders of the Army, the Navy, and the Air Force. So, why nominate Gatot?
Read MoreThe Semarang Commercial Court have finally decided to ratify the peace agreement between PT Nyonya Meneer and its 36 creditors on Monday, June 8, 2015. By doing so, the process of homologation ended Nyonya Meneer’s Suspension of Debts Payment (PKPU) trial.
Read MoreDespite prolonged weakness in metal prices, investors continue to pouring money in the country’s mineral processing industry. Sumatra Copper & Gold Plc, listed on ASX, but controlled by Indonesians, for example, has commenced open pit mining at Tembang gold-silver project in Sumatra with first gold pour during the fourth quarter of 2015.
Read MoreStandard Chartered Indonesia (SCI) was given it first anmaning (warning) by the South Jakarta District Court (PN Jaksel) on June 3, 2015. SCI was ordered to immediately compensate Victoria Silvia Beltiny in the amount of Rp1 billion, as per the decision of the Supreme Court (MA) in 2013.
Read MoreLocal property developer community urges the government of Indonesia to grant investment ownership for foreign investors in the property sector to prevent outflow of funds. It’s a known fact that Indonesian rich have long opted for investing in properties overseas; in countries such as Singapore, Malaysia, and Australia. Foreign ownership is meant to revive the appetite in local property investment.
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Erajaya Swasembada (ERAA) is the largest retailer for gadgets, cellular and smartphones in Indonesia. In the first quarter of 2015, ERAA reported 27.6% growth in sales revenues to Rp3.95 trillion, but net profit declined 11.8%. In recent years, the Company has expanded beyond Indonesian market and retail industry.
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President Joko ‘Jokowi’ Widodo has on May 5, 2015 signed Government Regulation No. 23/2015 about management of oil and gas assets in Aceh province. Politically, Jokowi-Kalla administration gains something, because the regulation has been delayed for almost eight years by the previous administration of SBY.
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