Jun 14, 2016 | Industries, Market
State-owned company Hutama Karya, assigned by central government to build toll roads in Sumatra, reported faster construction of Medan-Binjai toll road. By June 11, 2015, construction progress of Section III of the toll road already reached 48.36%, increased...
Jun 13, 2016 | Industries
Nymex’s crude oil dropped 4.02% to US$48.53 per barrel in Asian trading this morning, after recently challenged US$50.00. Many investors and those in oil feel that perhaps the worst has been seen in the oil patch. But there are of course no assurances of that....
Jun 13, 2016 | Industries, Market, News Group
The rupiah weakened to Rp13,309 against the US dollar on Friday last week (June 10). Nymex’s crude oil dropped 3.68% to US$48.70 per barrel in Asian trading this morning while gold rose 0.57% to US$1,279.90 per ounce. Asian shares and sterling skidded in early...
Jun 12, 2016 | Industries, Market
President Jokowi continued his nationwide roadshow to accelerate the development of 35,000 MW program. He already kicked off construction of new power plants in Bangka Belitung, Aceh, West Kalimantan, Banten, and most recently in West Nusa Tenggara province. Financial...
Jun 12, 2016 | Industries, Market
PT Wicaksana Overseas Tbk (WICO) was once a big name in distribution and logistics industry. After years of difficulties, looks like the company and its group have grown significantly in the past few years. WICO, for example, reported 19% growth in sales revenue to...
Jun 12, 2016 | Industries, Market
Started out in 1967 with one small woman and children hospital, Hermina Hospital Group is currently one of the largest networks of hospitals in Indonesia. The group operates 23 hospitals, including some outside Java Island. It continues expanding network, including...
Jun 11, 2016 | Industries, Market
State-owned toll road developer PT Hutama Karya has just released recent status of toll road projects in Sumatra Island. For the Medan-Binjai toll road in North Sumatra, Hutama Karya reported construction progress of 17.62%, slightly behind initial schedule. Section...
Jun 10, 2016 | Industries, Market
PT MNC Sky Vision Tbk (MSKY) has yet to disclose the local strategic buyer as it is offering 706.38 million new shares through private placement (non preemptive rights). New shareholder is set to hold 9.09% MSKY shares. MSKY has sets priced its new share at Rp1,095...
Jun 10, 2016 | Commodities, Industries, Market
PT Bumi Resources Minerals (BRMS) Tbk, controlled by Bakrie Group, has just released its full year 2015 results this week. The Company, whose valuable asset is interest in gold and copper producer PT Newmont Nusa Tenggara, posted net loss of US$43 million, down from...
Jun 9, 2016 | Industries, Market
“I don’t like this. This is already the sixth meeting on this issue. It’s not right, but because there are things need to be decided, let’s make this the last meeting,” said President Joko ‘Jokowi’ Widodo before leading a special cabinet meeting on light rail transit...
