Jun 17, 2016 | Industries, Market
President Joko ‘Jokowi’ Widodo has on Friday (June 17) kicked off construction of Pemalang-Batang and Batang-Semarang toll roads, which have been delayed for a decade now. Land acquisition is still a big challenge, but confidence was high upon commercial operation of...
Jun 17, 2016 | Commodities, Industries, Market
Nickel has just returned to above US$9000 per ton in London Metal Exchange (LME), leaving its bottom by around 22%. This price, however, is still too low to make any profit given recent rise of fuel costs. Operation of new nickel smelters, mostly nickel pig iron...
Jun 16, 2016 | Industries, Market
PT Sumber Segara Primadaya (SSP), a joint venture between PT Sumberenergi Sakti Prima and PT Pembangkit Jawa Bali—-subsidiary of PT Perusahaan Listrik Negara (PLN), has on Thursday (June 16) signed commercial operation date (COD) of 660 MW coal-fired power plant in...
Jun 15, 2016 | Industries, Market
Global Invacom Group Limited, a satellite communications equipment provider listed on the Singapore Exchange and the U.K. AIM Market, has partnered with PT ANTA Mediakom to deploy up to 14,000 Very Small Aperture Terminals (VSAT) to an Indonesian customer to...
Jun 15, 2016 | Industries, Market
Indonesia booked trade surplus of US$376 million in May, down 43.3% from the previous month as import grew 3%, while export inched up 0.3%. Expansion of deficit in oil and gas by 51% to US$711 million contributed to the decline in trade surplus, mainly because of...
Jun 15, 2016 | Industries
Some cement stocks at the Indonesia Stock Exchange (IDX) are the focus of selling by investors year to date. Indocement (INTP), the second largest cement producer, has fallen 27.7% and Semen Indonesia, the largest cement producer in the country, dropped 22.8%. Holcim...
Jun 15, 2016 | Industries, Market
Unilever Indonesia (UNVR), the largest player in personal and home care market, plans to spend Rp2 trillion of investment (capital expenditures) this year, including Rp600 billion for new headquarter in BSD City. This year’s capex, accordingly, an increase of 40% from...
Jun 15, 2016 | Industries, Market
The government plans to issue necessary regulations to support the development of the long-delayed special economic zone (SEZ) in Sorong, West Papua. Some companies, including foreign investors, have anticipated the development with expansions in various areas in West...
Jun 14, 2016 | Industries, Market
PT Well Harvest Winning Alumina Refinery (WHWAR), a joint venture between China Hongqiao and Citra Mineral Investindo (CITA), is currently in the process of getting US$820 million loan from banks and financial institutions for the smelter grade alumina (SGA) in West...
Jun 14, 2016 | Industries
PT Cikarang Listrindo Tbk (POWR), an independent power producer (IPP), was making its positive trading debut this morning as its stock gained 4.3% to Rp1,565. Investors actively collected this stock, becoming the third mostly traded stock behind Bumi Resources (BUMI)...
