May 26, 2016 | Industries, Market
First and second section of the Pejagan-Pemalang toll road under the trans-Java toll road program will soon enter commercial operation after series of fit and proper tests. Minister of public works and housing Basuki Hadimuljono said the toll road developed and owned...
May 26, 2016 | Industries, Market, News Group
Corporate bonds have now reached 2.2% of the gross domestic product (GDP), but the figure is still far behind the Philippines (5.8%), Thailand (17.4%), and Singapore (32.4%). Bank Indonesia (BI/Central Bank) Governor Agus Martowardojo told the press that the sources...
May 26, 2016 | Industries, Market, News Group
Asian stocks rose, sending the regional equities benchmark gauge toward the biggest two-day gain in more than a month, as optimism the U.S. economy is strong enough for increased interest rates fueled a global equity rally, Bloomberg reported. Crude oil neared $50 a...
May 25, 2016 | Industries, Market
Fitch Ratings (Fitch) affirmed Indonesia’s Sovereign Credit Rating at investment grade level, as announced on May 23rd, 2016. In its press release, Fitch affirmed Sovereign Credit Rating of the Republic of Indonesia at BBB-/stable outlook. Fitch Ratings had previously...
May 25, 2016 | Commodities, Industries, Market
Bisnis Indonesia newspaper quoted ministry of industry official this morning that Wison Engineering Services Ltd and Shell would work together in the development of coal-to-chemical plants in South Sumatra with US$7.3 billion. Will Indonesia finally have...
May 25, 2016 | Commodities, Industries, Market
Tens of investment licenses have been granted to develop oil refinery, countless of MoUs and letter of intents have been signed, but for more than two decades the country yet to see construction of a refinery. In the past few weeks, we read lots of news about refinery...
May 25, 2016 | Commodities, Industries, Market
PT Well Harvest Winning Alumina Refinery (WHWAR), a joint venture between Cita Mineral (CITA) and Hongqiao Group (China), has on Saturday, May 21, entered soft opening of the first unit of smelter grade alumina (SGA) in Ketapang Regency, West Kalimantan province. ...
May 25, 2016 | Industries, Market, News Group
Asian shares gained on Wednesday, taking cues from sharp gains in European and U.S. financial shares, while the dollar was underpinned as investors count on the U.S. Federal Reserve to hike U.S. interest rates in coming months, Reuters reported. Oil prices held firm...
May 25, 2016 | Industries, Market
United Tractors (UNTR) reported Komatsu sales volume of 190 units last month, jumped 26% from March 2016 thanks to strong demand from construction segment. April sales was 6.4% below April 2015, but represents the highest monthly sales in 10 months. Compared to April...
May 24, 2016 | Industries, Market
The Central Bank (Bank Indonesia/BI) decided to hold the countercyclical capital buffer (CCB) unchanged at 0% in accordance with the Bank Indonesia Regulation (PBI) No.17/22/PBI/2015 concerning the countercyclical capital buffer (CCB), dated December 23, 2015. The...
