Jul 19, 2016 | Industries, Market
PT Hutama Karya, the state-owned company tasked to develop trans-Sumatra toll roads, will soon use Rp1.8 trillion of bridge financing from PT Sarana Multi Infrastruktur to finance acquisition of land for the projects. President Joko ‘Jokowi’ Widodo, meanwhile, is...
Jul 19, 2016 | Industries, Market
Infrastructure development is still the most interesting news from Indonesia to global investors. In this edition, we highlight progress in mass-rapid transit (MRT), light-rail transit (LRT), airport trains, airports, gas pipeline, and the ambitious 35,000 MW program....
Jul 18, 2016 | Industries, Market, Reviews
Industrial gases producer PT Aneka Gas Industri Tbk is one of companies launching initial public offering (IPO) this year. The Company, member of Samator Group, has appointed PT Mandiri Sekuritas, PT RHB OSK Ventures Indonesia, and PT DBS Vickers Securities Indonesia...
Jul 18, 2016 | Industries, Market
Development of toll roads in Central Java and East Java will likely reduce economic imbalances with western part of Java. It is not a coincidence that cement consumption in Central and East Java grew 10.7% and 8% respectively in the first half of 2016, while West Java...
Jul 18, 2016 | Industries, Market
The House of Representatives (DPR) has approved Rp16 trillion funding from the revised 2016 State Budget for land acquisition through the so-called State Asset Management Agency (LMAN). The agency will start to disburse the funding, including repayment of bridging...
Jul 17, 2016 | Industries, Market, Reviews
Indonesia’s cement consumption grew 3.1% to 29.48 million tons in the first half of 2016, lifted mostly by stronger demand outside Java, with the exception of Kalimantan Island, as consumption in Java inched up 1.3% only. Export of cement jumped 82.4% to 630,660 tons...
Jul 15, 2016 | Industries, Market
Indonesia’s export revenues grew 12.18% month-on-month last month, but down 4.42% year-on-year. Pretty much as predicted, improvement in crude oil and gas prices plus other export commodities contributed to the positive result. Revenues from oil and gas grew...
Jul 12, 2016 | Commodities, Industries, Market
Ministry of state-owned enterprises is finalizing the establishment of holding entity for state-owned mining companies, which would consolidate Aneka Tambang (ANTM), Bukit Asam (PTBA), Timah (TINS), and INALUM. Combined with future ownership in Freeport Indonesia, the...
Jul 12, 2016 | Industries, Market
State-owned oil and gas company is set to become holding company for state-owned oil and gas companies, which includes transmission and distribution company PT Perusahaan Gas Negarra (PGAS) Tbk. Draft of government regulation for the assignment of Pertamina as holding...
Jul 11, 2016 | Industries, Market
Crude prices edged down to US$44.92 per barrel in early Asian trade on Monday to hold near two-month lows on seasonally weak consumption, despite comments from the Saudi Arabian oil minister that the oil market was becoming more balanced, Reuters reported....
