Jun 7, 2016 | Industries, Market
Lack of funding and uncertainty surrounding revision of State Budget 2016 forced the government to slow down some toll road projects. They’re known facts. Budget 2016 revision has just been started, and may take several months to be effective. Toll road projects,...
Jun 7, 2016 | Industries, Market, News Group
Asian shares hit a five-week high on Tuesday after the Federal Reserve Chair Janet Yellen said that the U.S. interest rate hikes were likely on the way. Nevertheless, she held back on any reference regarding the timing, Reuters reported. At home, the composite index...
Jun 6, 2016 | Industries, Market
PT Indosat Ooredoo Tbk (ISAT) plans to issue bonds worth Rp3.5 trillion in the second half of this year to pay the existing debts. The company aims to lower its debt in the dollar denomination to 10% of its total debt this year, from 24% as of December 2015....
Jun 4, 2016 | Industries, Market
Shares of Adaro Energy (ADRO) advanced almost 8% Friday (June 3) as investors responded positively financial closing of the long-delayed Batang coal-fired power plant (CFPP) in Central Java province. The financial closing was marked with the signing of US$2.05 billion...
Jun 4, 2016 | Industries, Market
PT Pelayaran Tempuran Mas Tbk (TMAS) is one of few shipping companies remain in positive territory amidst global downturn of the industry. The Company posted net profit of Rp55 billion in the first quarter of 2016, down 8.7% from the corresponding period of 2015, but...
Jun 4, 2016 | Industries, Market
PT Sejahteraraya Anugrahjaya Tbk (SRAJ), owner of Mayapada Hospital, plans to issue up to 8.03 billion new shares with preemptive rights to refinance existing debentures, purchase land and or acquiring hospitals, working capital, and pay out loans from main...
Jun 3, 2016 | Industries, Law, Market
Inovisi Infracom (INVS) was a small company with sales revenue of Rp48 billion in 2008, but then jumped to Rp88.7 billion in 2009, mainly to the growing campaigns through people’s phone/gadget, which was classified ‘unwarranted SMS’ or premium SMS. They skyrocketed in...
Jun 3, 2016 | Industries, Market
Indonesian businessman Erick Thohir has confirmed divestment of shares in Italian football club Inter Milan to China’s Suning Group less than three years after a group of Indonesian investors assuming majority control. Erick, younger brother of Boy Garibaldi Thohir...
Jun 3, 2016 | Industries, Market
State-owned oil and gas company Pertamina booked net profit of US$1.42 billion last year, down slightly by 1.8% from 2014 as sales revenues fell 40.3% to US$41.8 billion. Petronas, Malaysia’s oil and gas company, meanwhile, posted net profit of US$3.17 billion,...
Jun 3, 2016 | Industries, Market
Rather than spending too much time in analyzing S&P’s decision not to upgrade Indonesia’s sovereign ratings, the country should fix issues contributing to lack of investments. One of them is reliability of electricity supply. President Jokowi was right to move on...
