Jul 11, 2016 | Industries, Market
Indonesia’s healthcare industry continues to attract foreign investments. The most recent is Malaysia-based Navis Capital Partners, which has recently signed an agreement to enter PT Tawada Healthcare, one of the largest medical device distributors in Indonesia,...
Jul 11, 2016 | Industries, Market
Siba Group is one of the largest land transportation companies in Indonesia. Established 65 years ago, the group is now preparing an initial public offering (IPO) at Indonesia Stock Exchange (IDX). Actually Siba Group planned an IPO 20 years ago, but delayed following...
Jul 11, 2016 | Industries
The Investment Coordinating Board (BKPM) revealed a plan from South Korean investor to immediately start construction of footwear factory with US$150 million of investment in Jepara Regency, Central Java province. This is the second major investment by South Korean...
Jul 8, 2016 | Commodities, Industries, Market
Roberto M. Cola, the chairman of the Southeast Asia Iron and Steel Institute (SEAISI), recently said that the global excess steel capacity was seriously affecting the viability of the biggest steel companies of the world. The World Steel Association is forecasting a...
Jul 7, 2016 | Industries, Market
President Joko ‘Jokowi’ Widodo proceeds with new tradition of celebrating Idul Fitri outside Jakarta. This year, he opted to be in Padang, the capital city of West Sumatra province to strengthen his campaign of developing the whole archipelago, not just...
Jul 2, 2016 | Industries, Market
Other than final investment decision (FID) for Tangguh LNG Train 3 worth US$8 billion, Indonesia’s energy sector provided positive news from the signing of engineering, procurement, and construction (EPC) contracts with Lahmeyer International (Germany) for the...
Jul 1, 2016 | Industries, Market
The number of foreign tourist arrivals in Indonesia rose 7.37% in May from a year earlier, the statistics bureau said on Friday. In the meantime, number of air transportation passengers grew 12.05% to 6.9 million in May from April, contributing to 18.04% growth in the...
Jul 1, 2016 | Commodities, Industries, Market
Shares of Medco Energy (MEDC) surged 21.3% in the opening minutes of trading at Indonesia Stock Exchange (IDX) Friday morning shortly after market participants got confirmation about Medco Group’s acquisition of PT Newmont Nusa Tenggara (NNT) despite limited...
Jun 30, 2016 | Commodities, Industries, Market
Shares of Medco Energi (MEDC) gained 5.63% Thursday (June 30) as some investors responded confirmation of acquisition of shares in PT Newmont Nusa Tenggara (NNT). Shares of Bumi Resources Minerals (BRMS), which sells indirect interest 18% in PTNNT in the structured...
