PT Kaltim Prima Coal, the largest coal mining in Indonesia, reported 97% drop in net profit last year, mainly due to significant drop in operating margin. The company’s operating profit decreased 54.7% last year to USD58.6...
Read MoreState-owned airline company PT Merpati Nusantara Airlines (MNA) has entered into a JV cooperation with PT E-Capital Securities and US-based Air XL Inc to develop an air transportation consulting business. The three companies...
Read MoreAfter weeks of speculation about the deal between Tata Power and PT Bumi Resources Tbk, the listed parent company of KPC & Arutmin finally announced part of the SPA today. What’s inside the US$1.1 billion deal? Bumi...
Read MoreFlag carrier PT Garuda Indonesia reported operating loss of Rp378.7 billion in 2006, reduced significantly from Rp668 billion in 2005. The company’s net loss also dropped to Rp197 billion against Rp688 billion in 2005. But...
Read MorePT Bakrie Sumatra Plantations Tbk will acquire 100% ownership of PT Grahadura Leidong (GLP) palm oil plantation company PT Sumbertama Nusapertiwi (SNP) at Rp260 billion. PT GLP owns 8,323 hectare of CPO plantation of which 3,832...
Read MoreJababeka, one of the most prominent industrial estate developers in Indonesia, won a 20-year contract to operate and modernize military’s golf course in Magelang, Central Java. What’s up?
Read MoreThe rumor of a cabinet reshuffle has been around for almost six months. It makes some believe president Susilo Bambang Yudhoyono might simply not going to do that. But in the last few days, the rumor intensified with statements of the president himself, vice president Jusuf Kalla, and even The People’s Consultative Aseembly speaker. Now, it’s a matter of days to see the truth.
Read MorePoempida Hidayatullah is one of important personalities in current politics and business in Indonesia. A close friend of controversial military figure and executive of the largest political party in the country, Poempida has a...
Read MoreA consortium of young entrepreneurs led by Anindya Bakrie (son of Aburizal Bakrie, leader of the diversified empire Bakrie Group) will conclude the acquisition of the ailing TV station Lativi next week. Mahaka Group’s...
Read MoreADM Capital, fund manager based in Hong Kong with Asia Development Bank (ADB) as its anchor investor, is reportedly working on the possible offloading of its assets in Arbe Indonesia—controls three chemicals plants in...
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