President Joko “Jokowi” Widodo finally announced Air Vice Marshal Agus Supriatna as the new Air Force Chief of Staff (KSAU). Agus replaces Air Marshal Ida Bagus Putu Dunia, who will enter his mandatory retirement age next month. He was sworn in as the new KSAU on Jan. 2, 2015. Herein our brief profile of the man.
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Japanese giant Toray Industries Inc has decided to expand the production facility for high-performance polypropylene spunbond (PP Spunbond) in Indonesia with investment of around 7 billion yen to meet the growing demand from diaper industry.
Read MoreIndonesia suffered US$426 million of trade deficit in November 2014 against a tiny surplus of US$21 million in the previous month, mostly due to ballooning deficit in oil and gas trading and falling surplus in non oil and gas products.
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Shares of Japfa Ltd surged 15.45% to S$0.64 on Singapore Exchange Friday (Jan 2nd), but still way below its IPO price and peak. In Jakarta, Japfa Comfeed Indonesia (JPFA) shares, unfortunately, ended the first trading day of 2015 flat at Rp950 or about 44% below its peak last year.
Read MoreBorneo Lumbung Energi & Metal (BORN) ended 2014 at the lowest quotable price of Rp50, 97% below its peak. The Company, controlled by Samin Tan, also ended the year miserably by posting net loss of US$233.9 million for nine months ended September 30, 2014.
Read MoreChina Minzhong Holdings Limited (CMZ BVI) has notified China Minzhong Food Corporation Limited about a plan to acquire 52.94% shares from PT Indofood Sukses Makmur (INDF) Tbk for S$416.4 million.
Read MorePT Titis Sampurna operates LPG plant in South Sumatra with design capacity of 200 tons per day, bigger than the one operated by PT Surya Esa Perkasa (ESSA) Tbk. The so-called Limau Timur LPG plant also produces condensates.
Read MoreCorruption case against PT Media Karya Sentosa (MKS), one of liquefied petroleum gas (LPG) players in Indonesia, has triggered us to learn more about players of the industry. Let’s start with PT Surya Esa Perkasa (ESSA) Tbk, the first LPG producer listed on Indonesia Stock Exchange (IDX).
Read MoreCabinet Secretary Andi Widjajanto recently confirmed that President Joko “Jokowi” Widodo will appoint the new KSAL and KSAU, to replace current KSAL Admiral Marsetion and current KSAU Air Marshal Ida Bagus Putu Dunia, within this week. The announcement is likely to be made on Sunday (Dec. 28) after Jokowi’s return from his official visit to Papua. That said, there is also the possibility that Jokowi would appoint both KSAU and KSAL during his two-day visit in Papua on Dec. 26-27.
Read MoreRumors have continued to spread regarding the President’s alleged plan to accelerate the succession of the National Police Chief. Here are the latest words on the street.
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