Jun 1, 2016 | Industries, Market
Asian stocks sagged on Wednesday as a slip in crude oil prices dampened investors’ appetite for riskier assets, while the recently bullish dollar stalled against the euro and yen following a mixed bag of U.S. economic data, Reuters reported. Investors were also...
Jun 1, 2016 | Industries, Market
Asia Roofing Industries (ARI) Sdn Bhd, subsidiary of Malaysian company Ajiya Berhad, has on Tuesday (May 31) signed a memorandum of understanding with PT Baja Bahana Utama, known as GigaSteel, to explore potential business opportunities in Indonesian market. Under the...
Jun 1, 2016 | Industries, Market
Foreign investors show strong interest in acquiring construction material manufacturers in Indonesia. Early this month, Japanese giant Denka Company Ltd indirectly acquired additional shares to control majority of PT Estop Indonesia. Also in this report:...
May 31, 2016 | Industries, Market, News Group
The Indonesia Investment Coordinating Board (BKPM) will expand the implementation of licensing services for direct investment in construction (KLIK) to 50 industrial areas, from the current 14 areas, as a part of cooperation with regional governments in boosting...
May 31, 2016 | Industries, Market, News Group
Asian shares wobbled in early trade on Tuesday and were on track for a monthly loss, while the dollar edged away from recent peaks scaled on heightened expectations the U.S. Federal Reserve would raise interest rates as soon as next month, Reuters reported....
May 31, 2016 | Industries, Market, News Group
The Government of Indonesia will unveil a new economic policy package, the 13th in the series of packages that have been released since September 2015 with the overall aim of boosting Indonesia’s economic growth. The Coordinating Minister for the Economy Darmin...
May 31, 2016 | Industries, Market
Truba Alam Engineering (TRUB) was a company with total assets of Rp7.23 trillion and equity of Rp1.7 trillion by December 2008. As of March 31, 2016, however, the Company’s total assets and equity left were Rp723 billion and Rp501 billion respectively. TRUB was...
May 31, 2016 | Industries, Market
Cellnex Telecom, one of the main operators of wireless telecommunications and broadcasting infrastructure in Europe, has decided to sell all of the shares of Protelindo Luxembourg S.a.r.l in Protelindo Netherlands B.V for 109 million euro. Protelindo Luxembourg owns...
May 30, 2016 | Industries, Market
The Central Bank (Bank Indonesia/BI) plans to adjust the minimum loan to funding ratio (LFR), as banks have yet to optimize their intermediation functions. The banks now prefer to boost their fee-based incomes or non-interest income. The LFR is currently set at a...
May 30, 2016 | Industries, Law
The subsidiary of PT Eagle High Plantation Tbk (BWPT), PT Sawit Sukses Sejahtera (SSS), must face a Suspension of Debts Payment (PKPU) lawsuit filed by the latter’s creditors, namely, PT Triroyal Timurraya (Triroyal) and PT Sumber Sarana Power Electric (SSPE)....
