Jun 2, 2016 | Industries, Market
Media reported plans from some investors, including a consortium of Amata B Grimm Power Group and Global Power Synergy (PTT Group), to acquire 51% shares of PT Medco Power International (MPI), less than five years after Saratoga acquiring the shares from Medco Energi...
Jun 2, 2016 | Commodities, Industries, Market
Indonesian Harita Group and Chinese company Hongqiao will soon operate commercially the first smelter grade alumina (SGA) in Indonesia. The multi billion USD project guarantees revitalisation of bauxite mining at Cita Mineral (CITA), subsidiary of Harita Group, and...
Jun 2, 2016 | Industries, Market
Indonesia’s foreign tourist arrivals saw a 12.37% rise in April from a year earlier, contributing to 7.51% growth in the first four months of the year. Occupancy rate of hotels in 27 provinces also improved to 54.3% in April, while air travel passengers grew...
Jun 2, 2016 | Industries, Market, News Group
Asian markets were lower in early trade ahead of Australia’s retail sales, European Central Bank rate decision and U.S. ADP jobs report, Cnbc.com reported. The composite index of the Indonesia Stock Exchange (IDX) gained 0.89% to close at 4,839 Wednesday (June...
Jun 2, 2016 | Industries, Market, News Group
In line with the projection of the Central Bank (Bank Indonesia/BI), the Consumer Price Index (CPI) recorded an inflation of 0.24% (mtm) in May 2016. Headline inflation in the approach of the holy fasting month was relatively controlled this year in comparison to the...
Jun 2, 2016 | Industries, Market, News Group
Standard and Poor’s (S&P), the most conservative among the world’s top three credit rating agencies, has affirmed Indonesia’s Sovereign Credit Rating at BB+/Positive Outlook, as announced on June 1st, 2016. The BB+ rating is the highest junk level, one notch...
Jun 1, 2016 | Industries, Market
MYP Ltd, an SGX-listed company owned by the family of Dr Tahir (Mayapada Group), continues to expand its property business. Tahir has recently signed a letter of offer to acquire Straits Trading Building, Singapore for S$560 million. MYP Ltd said the Company acquires...
Jun 1, 2016 | Industries, Market
The Financial Services Authority (OJK) received 34 proposals from companies keen on raising funds. The value of the proposal combined reaches more than Rp57 trillion, consisting of initial public offerings or IPOs (7 proposals), rights issues (9 proposals), and bonds...
Jun 1, 2016 | Industries, Law
The House of Representatives (DPR) included the revision of UU No.4/2009 on Minerals and Coal (Minerba) into this year’s legislative priority program, and yet to date, the House has not been able to discuss the revision. The revision of Law 4/2009 was the DPR’s...
