Jun 30, 2016 | Commodities, Industries, Market
Newmont Mining Corporation has entered into a binding share sale agreement with PT Amman Mineral International (AMI) to sell its 48.5% interest in PT Newmont Nusa Tenggara (NNT) for a total consideration of US$1.3 billion. A consortium of Medco Group and AP Investment...
Jun 30, 2016 | Industries, Market
Shares of Champion Pacific (IGAR), a packaging material producer, soared 25% Wednesday (June 29) with significant trading volume upon confirmation about acquisition of majority shares by Japanese investors. Rally in the stock continued with another 25% gain Thursday...
Jun 30, 2016 | Industries, Market
PT Sugih Energy Tbk (SUGI) has just released its full year 2015 results with some suspicious changes made in the fourth quarter related to its oil trading business. In the quarter, SUGI placed Sugih Energy International Pte Ltd, the oil trading subsidiary, as...
Jun 29, 2016 | Industries, Market
Additional capital injection for state-owned EPC firm PT Hutama Karya of Rp2 trillion from the Revised 2016 State Budget allows the Company to proceed with construction of trans-Sumatra toll road. It is smaller than the previously approved amount of Rp5 trillion, but...
Jun 29, 2016 | Industries, Market
Most analysts predicted Brexit would drag down commodities. Crude oil was predicted to move closer to US$40 per barrel. They seemed right when crude oil fell 5% the day market get confirmation about UK’s decision to leave European Union. Metals were losing ground as...
Jun 29, 2016 | Industries, Market
PT Perusahaan Listrik Negara (PLN), the state electricity provider, has just released its full 2015 financial results. PricewaterhouseCoopers (PwC), the auditor, gave qualified opinion to the financial report due to PLN’s rejection to apply accounting standard ISAK 8...
Jun 28, 2016 | Industries, Market
Oil and gas supporting services company PT Apexindo Pratama Duta Tbk (APEX) has just released its financial report for the year ended December 31, 2015 on Monday (June 27). There are some interesting issues deserved continuous watching in the Company, including status...
Jun 28, 2016 | Industries, Market
Intiland Development (DILD) is one of property companies directly affected by controversies surrounding the North Jakarta reclamation project. Unlike Agung Podomoro Land (APLN), whose CEO is named suspect in the alleged bribery scandal, Intiland has rarely been...
Jun 28, 2016 | Industries, Market
Since the accident of Lentera Bangsa floating storage and offloading (FSO) in September 2011, PT Trada Maritime (TRAM) Tbk has been struggling to stay afloat. Its future depends on successful debt restructuring negotiation with creditors. In the first quarter of 2016,...
Jun 27, 2016 | Industries, Market
Malaysia-based RHB Bank Bhd has proposed to acquire PT Bank Mestika Dharma Tbk but the Financial Services Authority (OJK) has not given a green light as both countries needs to deal on the bilateral agreement. OJK and Bank Negara Malaysia have made a cooperation deal...
