Jun 26, 2016 | Industries, Market
Agung Podomoro Land (APLN) is among the worst performing stocks year-to-date, losing 20.4% to make market cap of Rp5.45 trillion or about 0.6 x equity only. Negative sentiment from bribery case implicating its CEO and prospect of reclamation project in north Jakarta...
Jun 26, 2016 | Industries, Market
Jokowi-Kalla administration seems determined to boost toll road development in the country. The toll road authority (BPJT) has just kicked off tender for the development of four new toll roads in Java with total length of 218 KM. In the meantime, toll road projects in...
Jun 23, 2016 | Industries
The Jakarta Province Government has been working to improve on its public transportation infrastructure. Its PT Transportasi Jakarta (Transjakarta), the operator of busway routes in town, is aiming to beef up its fleet with an additional 1,000 units of busses this...
Jun 23, 2016 | Industries, Market
Markets in Asia were mixed in early trade on Thursday, following losses in U.S. stocks, as investors remained on edge ahead of the U.K. vote on whether to leave the European Union (EU), Cnbc.com reported. The composite index of the Indonesia Stock Exchange (IDX)...
Jun 22, 2016 | Industries
There are 30 projects that have been selected as priority infrastructure projects in Indonesia for the period of 2016-2019. In total, all these projects together will need some Rp5,519 trillion worth of investment. The Indonesian Government (including state-owned...
Jun 21, 2016 | Industries, Market
President Joko ‘Jokowi’ Widodo has inspected progress of physical construction of Bogor-Ciawi-Sukabumi (Bocimi) toll road this morning. Section I (15 KM) of the 54-KM toll road project, which has been delayed for two decades, is on schedule for commercial operation...
Jun 21, 2016 | Industries, Market
Gold price went down 0.22% to US$1,289.20 per troy ounce Tuesday, along with the gaining momentum for campaign on Britain to remain in the European Union. Gold price fell as investors’ appetite assets seen as higher risk is sharpening. This is also sparking a...
Jun 21, 2016 | Industries, Market
The State’s delayed capital injection of Rp34.13 trillion into 23 state companies, of which almost one-third would go to state electricity provider PT Perusahaan Listrik Negara (PLN), might be the most interesting investment story to watch. Discussions, in the...
Jun 20, 2016 | Industries, Politics
War between Tempo media group and Jakarta governor Basuki Tjahaja Purnama (Ahok) and Ahok’s supporters grouped in Teman Ahok intensified with Tempo magazine’s cover story this week surrounding the so-called conspiracy theory, i.e. campaign funding from property...
Jun 18, 2016 | Industries, Market
Cita Mineral Investindo (CITA) recorded sales revenue of Rp27.4 billion in the first quarter of 2016, very small compared to the Company’s revenues prior to implementation of mineral ores export ban in early 2014, but better than zero in the corresponding period...
