May 17, 2016 | Industries
On May 10, 2016 it was reported that dozens of Lion Air passengers arriving from Singapore at the Soekarno-Hatta airport were transported to the domestic arrivals terminal, instead of the international arrivals terminal. Lion Air did not report the error to the...
May 16, 2016 | Industries, Market
Some praise President Joko ‘Jokowi’ Widodo’s ability to revive the long-delayed infrastructure projects in the country, especially toll roads and mass transportation facilities. The President’s actions in helping multinationals materializing their huge investment...
May 16, 2016 | Industries, Market
Indonesia booked trade surplus of US$667 million in April 2016, expanded 31.4% from March thanks to expansion of non oil and gas trade surplus of 39% to US$1.14 billion. While this could support rupiah, the country has nothing to cheer yet. Export of non oil and gas...
May 16, 2016 | Industries, Law, Market, News Group
The process of Suspension of Debts Payment on PT Dwi Aneka Jaya Kemasindo Tbk (DAJK) continues. In the meeting of creditors held on May 12, 2016, DAJK requested to restore the activity on one of its production lines while completing its liabilities to creditors....
May 16, 2016 | Industries, Market
PT Cikarang Listrindo, an independent power producer (IPP), has just kicked off initial public offering (IPO) and placement of its shares. This is an interesting IPO because Cikarang Listrindo will become the first IPP listed on Indonesia Stock Exchange (IDX). PT...
May 16, 2016 | Industries, Market, News Group
Finance Minister Bambang Brodjonegoro told the press that the Government was focused on improving capital expenditure, which would reflect on the production spending of investment and fiscal sustainability. Bambang said that the Government would gradually reduce the...
May 16, 2016 | Industries, Market, News Group
Asian stocks slipped early on Monday, weighed down by Friday’s decline on Wall Street and soft Chinese economic data released over the weekend, Reuters reported. China’s investment, factory output and retail sales all grew more slowly than expected in...
May 16, 2016 | Industries, Market, News Group
On Friday (May 13) last week, the central bank (Bank Indonesia/BI) reported that current account deficit narrowed in the first quarter (Q1) of 2016, mainly driven by the growing trade surplus. The current account deficit fell from US$5.1 billion (2.4% of GDP) in Q4...
May 13, 2016 | Industries, News Group, Politics
We met with the Governor of Jakarta Basuki “Ahok” Tjahaja Purnama yesterday evening (May 12) at the City Hall and asked him several questions about the progress of the Jakarta Light Rail Transit (LRT) project. News had emerged that the project would be...
May 13, 2016 | Industries, Market, News Group
PT Waskita Tollroad, the subsidiary of state construction firm PT Waskita Karya Tbk (WSKT), has acquired 60% stake in PT Sriwjaya Makmore Persada, the toll operator for the 111.69 km Kayuagung-Palembang-Betung (Kapalbetung) toll road. The acquisition is valued...
