May 30, 2016 | Industries, Market
Metro Pacific Investments Corp, a company controlled by Salim Group’s First Pacific Co Ltd, has today entered into an agreement with PCEV, subsidiary of PLDT, to acquire additional 25% interest in Beacon, which has direct interest in Meralco, the largest distributor...
May 30, 2016 | Industries, Market, News Group
Most Asian stocks rose, led by Japan, as the yen weakened amid growing confidence that the U.S. economy is strengthening enough to handle higher borrowing costs as early as this summer, Bloomberg reported. The market sentiment today and this week will be affected by...
May 30, 2016 | Industries, Market
PT Sarana Menara Nusantara (TOWR) Tbk, telco tower unit of Djarum Group, booked net profit of Rp518 billion in the first quarter of 2016, down 22.4% from the corresponding period of 2015. Compared to peers, Tower Bersama (TBIG) and Solusi Tunas Pratama (SUPR), TOWR...
May 30, 2016 | Industries, Market
Ministry of public works and housing confirms emergency use of 25 KM out of 180 KM Solo-Kertosono toll road during the annual exodus for Lebaran holidays this year. In the meantime, 95% land needed for section I of the long-delayed Bogor-Ciawi-Sukabumi toll road has...
May 28, 2016 | Industries, Politics
State-owned electricity provider PT Perusahaan Listrik Negara (PLN) yet to announce winners of the two giant power plant projects under the 35,000 MW program, namely Jawa-1 combined cycle (1600 MW) and Jawa-5 coal-fired power plant (2000 MW). Speculation continues...
May 27, 2016 | Industries, Politics
State Electricity Company (PLN)’s suspension of the tender for the steam-powered plant (PLTU) Jawa 5 has got on Sudirman Said’s nerves. Several of our contacts at the Ministry of Energy and Mineral Resources (ESDM) told us that the Minister was livid when...
May 27, 2016 | Industries, Market, News Group
Russian oil and gas giant Rosneft has been selected as a partner for the state-owned oil and gas firm PT Pertamina in constructing the Tuban refinery in East Java. Pertamina is also seeking a partner for the Bontang refinery project. Dwi Soetjipto, president director...
May 27, 2016 | Industries, Market, News Group
Asian stocks pulled ahead on Friday after patches of U.S. data continued to paint the world’s largest economy in a positive light, while the dollar was on the defensive against its major peers, Reuters reported. The U.S. data released on Thursday showed durable...
May 26, 2016 | Industries, Market, News Group
On Wednesday (May 25) the Rupiah weakened to Rp13,671 against the U.S. dollar from Rp13,606 in the previous day amid growing speculation about a sooner-than-expected interest rate hike in the U.S.A. as well as sliding oil prices. After the release of the Federal...
May 26, 2016 | Industries, Market
SATS Ltd, Singapore, substantial shareholder in PT Cardig Aero Services (CASS) Tbk, strengthened its operations in Indonesia. The Company decided to subscribe 20% of the enlarged share capital of PT Purantara Mitra Angkasa Dua (PMAD), which is subsidiary of CASS. ...
