Jun 9, 2016 | Industries, Market, News Group
Asian stocks edged up on Thursday after Wall Street gained overnight, while a weaker dollar buoyed commodities such as gold and crude oil, Reuters reported. Investors have been stepping back into riskier assets globally over the past week after last Friday’s...
Jun 9, 2016 | Industries, Market
Tuan Sing Holdings Limited, an SGX-listed company controlled by Indonesian tycoon Sjamsul Nursalim, has on June 8 entered into a share purchase agreement with Habitat Properties Pte Ltd regarding property project in Batam Island. Tuan Sing, which has property assets...
Jun 8, 2016 | Industries, Market
KKR Jade Investment Pte Ltd, an investment firm controlled by Kohlberg Kravis Roberts & Co LP (KKR) has subscribed 6.57% of new shares of Japfa Comfeed Indonesia (JPFA) and purchased 3.87% shares of JPFA from Japfa Ltd for a combined investment of US$81.2 million....
Jun 8, 2016 | Industries, Market, News Group
Australia-based miner BHP Biliton Ltd agreed to sell 75% interest in Indomet Coal project to PT Alam Tri Abadi, subsidiary of coal miner PT Adaro Energy Tbk (ADRO). The transaction is valued at US$120 million, equivalent Rp1.6 trillion. The IndoMet Coal project...
Jun 8, 2016 | Industries, Market, News Group
The Central Bank (Bank Indonesia/BI) reported on Tuesday (June 7) that Indonesia’s official reserve assets position stood at US$103.6 billion as of end of May 2016, lower than the end of April 2016 level registered at US$107.7 billion. Despite the decline, the reserve...
Jun 8, 2016 | Industries, Market, News Group
Asian shares held near six-week highs on Wednesday, on a brightening outlook in the energy sector and hopes that the U.S. Federal Reserve will not raise interest rates in the coming months after a disappointingly weak U.S. jobs report, Reuters reported. At home, the...
Jun 8, 2016 | Industries, Market
PT Kawasan Industri Jababeka (KIJA) Tbk has on Friday, June 3rd, signed memorandum of understanding with South Korean group DW Development Co Ltd for the development of 1,400 hectares of land bank in Tanjung Lesung, Banten province. Tanjung Lesung is one of Special...
Jun 8, 2016 | Industries, Market
PT DSSP Power Kendari, an indirect subsidiary of PT Dian Swastatika Sentosa (DSSA) Tbk—unit of Sinarmas Group, has on June 3rd, 2016 signed term 12-year facility agreement with China Development Bank Corporation for commitment of up to US$150 million to finance...
Jun 7, 2016 | Industries, Market
Thanks to smokers, the government should’t worry about correction of revenues from tobacco excise. In fact, the government mulls a plan to collect more from them. While excise was meant for control of consumption, we have to be honest that this is probably the...
Jun 7, 2016 | Industries, Market, News Group
Indonesia recently welcomed investment and trade offered by the Republic of Belarus, one of which is the cooperation on the production of vehicles to transport heavy equipment such as dump trucks and tractors. In addition to competitive pricing, Vice President Jusuf...
