Krakatau Posco: Improved, but not enough

Apr 20, 2026 | Industries

POSCO, one of the world’s largest steel producers, has reportedly pledged to add US$4 billion investments in Indonesia until 2029 during President Prabowo’s recent visit to South Korea.  The expansion project has been delayed more than one decade after PT Krakatau...

FITT, from hotel to mining

Apr 17, 2026 | Industries, Market

Shares of PT Hotel Fitra International Tbk (FITT) jumped 24.73% Tuesday  (April 14) to make market capitalization of Rp605.18 billion after the company announced plans to move into the mining sector. The rally continued Wednesday and Thursday, but retreated this...

Those continue to expand

Apr 17, 2026 | Industries

Vast majority of companies surveyed by Indonesian Association of Employers (APINDO) said they have no plans to expand businesses in the coming years, pointing to regulatory and policy uncertainties, but some continued to grow. PT Elecmetal Longteng Indonesia has...

Methanol: Talk the Talk

Apr 8, 2026 | Industries

The country’s leaders have talked about building new methanol plants for more than three decades now, but none has been materialized. The existing methanol plants are those built during the Soeharto regime. Five years ago, a delegation led by ministry of industry...

Reality check on the overtly inflated Impack Pratama

Apr 6, 2026 | Industries, Market

Haryanto Tjiptodihardjo, controlling owner of plastic processor PT Impack Pratama Tbk (IMPC), was listed 11th richest Indonesian by Forbes magazine in 2025 ahead of real rich persons like Lim Haryanto (Harita Group), TP Rachmat (Triputra Group), and even Sukanto...

Krakatau Steel yet to see the light

Apr 2, 2026 | Industries, Market

State-owned steel manufacturer Krakatau Steel (KRAS) recorded net profit of US$325.5 million last year against loss of US$155 million in 2024, but that was attributable to non-cash gain from debt restructuring. The company’s operations actually worsened. Krakatau...

Pressures on manufacturers (2)

Mar 30, 2026 | Industries

Similar to PT Asahimas Flat Glass Tbk (AMFG), glass manufacturer PT Mulia Industrindo Tbk (MLIA) booked net loss of Rp4.54 billion last year against profit of Rp311 billion in 2024 due to lower sales revenues and squeezed margins.  Mulia Industrindo generated sales...

Reality check on Chandra Asri

Mar 26, 2026 | Industries

Shares of Chandra Asri Pacific (TPIA), involved in oil refining and petrochemicals, declined 3.3% to Rp5,075 in the morning session Thursday (Mar 26) amidst uncertainties in the Middle East. The stock has lost 50% from its recent peak despite accounting gain from...
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