May 24, 2016 | Industries
PT Putra Baja Deli has finally commenced operation of new steel factory in Wilmar Integrated Industrial Estate in Serang Regency, Banten province after two years of construction. The facility lifts Putra Baja Deli’s profile in the construction steel market....
May 24, 2016 | Industries, Market, News Group
The Government of Indonesia has prepared five investment instruments with the goal of absorbing Rp1,000 trillion of repatriated funds. Around Rp100 trillion of which will be directed into government securities or bonds (SUN) while the largest portion will enter the...
May 24, 2016 | Industries, Politics
Effective this morning, Hasan Bisri becomes acting chairman of state electricity provider PT Perusahaan Listrik Negara (PLN) to replace Kuntoro Mangkusubroto, who resigned after only six months in office. Energy and mineral resources minister Sudirman Said considers...
May 23, 2016 | Industries, Market
Copper futures slipped further Monday due to reports about weak demand for iron and steel materials in China. Most metals tracked iron ore, which retreated 3.5% to 359 yuan per ton in Shanghai. Earlier last week, World Steel Association reported crude steel production...
May 23, 2016 | Industries, Market, News Group
PT Medco Energi Internasional Tbk (MEDC) plans to issue bonds worth Rp2 trillion in June this year to fund its expansion program and refinance debts. PT Mandiri Sekuritas will act as underwriter for the bond issue. In May 2015, MEDC’s subsidiary, Medco Energi...
May 23, 2016 | Industries, Market
Logistics company RPX has established joint venture company with retailer PT Indomarco Prismatama, which operates more than 11,000 outlets of Indomaret convenience stores all over the country. The JV, PT Indo Repel Global, will handle retail courier services and...
May 23, 2016 | Industries, Market, News Group
The Government of Indonesia has set the economic target for 2017 at 5.3 to 5.9 percent for 2017. The projection was made after considering the economic improvement in developed and emerging countries. Finance Minister Bambang Brodjonegoro told the press that the...
May 23, 2016 | Industries, Market, News Group
Asian shares rose on Monday after a solid session on Wall Street, while the dollar held near recent highs against major rivals as investors bet that the U.S. Federal Reserve was on track to raise rates sooner rather than later, Reuters reported. Markets have started...
May 22, 2016 | Industries, Market
Greater Jakarta (Jabodetabek) railway systems transported 66.7 million passengers in the first quarter or nearly 80% of the total national. Java system outside Jabodetabek grew only 0.74% to 15.43 million passengers, but faster development of mass-rapid transit (MRT),...
May 20, 2016 | Industries, Market
The central bank (Bank Indonesia/BI) is looking to adjust macro-prudential policies in an attempt to boost economic growth and banking loan disbursement. BI Governor Agus D.W. Martowardojo told the press that 3 policies were under review, namely, the loan to value...
