May 13, 2016 | Industries, Market, News Group
State banks commit to lower their loan interest rates to single-digit for all segments by end of this year, President Joko “Jokowi” Widodo said on Thursday (May 12). Bank Mandiri (BMRI) is ready to lower its loan rates to 9.95% gradually while evaluating...
May 13, 2016 | Industries, Market, News Group
Today the central bank (Bank Indonesia/BI) will release the latest (April) consumers’ expectation data. In March, the consumers were still optimistic of the economy, despite a moderate dip in the consumer confidence index on the perception of current economic...
May 13, 2016 | Industries, Market
PT Dian Swastatika Sentosa (DSSA) Tbk launched two corporate actions for the development of Internet and Pay TV business this week. The first is a five-year Rp561 billion loan facility to PT Innovate Mas Indonesia (IMI). The second is the transfer of shares owned by...
May 12, 2016 | Industries, Market, News Group
Indonesia’s Association for Motorcycle Industry (AISI) reported on Wednesday (May 11) that the Country’s motorcycle sales declined by almost 9% to 478,036 units in April 2016, from 524,775 units in April 2015. Compared to March 2016 (563,341 units), the...
May 12, 2016 | Industries, Market
PT DIC Graphics, subsidiary of DIC Corporation (Japan), is scheduled to start commercial operation of 600 million Yen new factory for liquid inks for food and beverage packaging in Surabaya, Indonesia this month. Global piping solution firm, meanwhile, has acquired...
May 12, 2016 | Industries, Market
Indonesian railways transported 83.5 million people in the first quarter of 2016, an increase of 11.72% from the corresponding period of 2015. Interestingly, the Greater Jakarta network (Jabodetabek) reported higher growth of 14.61% as modernisation of conventional...
May 12, 2016 | Industries, Market, News Group
PT Bank Ganesha Tbk (BGTG) will make its trading debut this morning with market capitalization of Rp1.14 trillion. The bank has offered 5.37 billion shares through the initial public offering (IPO), priced at Rp103 per share, raising total proceeds of Rp553.3 billion....
May 11, 2016 | Industries, Market, Politics
Some investors have expressed their disappointments over the decision from state-owned electricity provider PT Perusahaan Listrik Negara (PLN) to annul competitive bidding for the giant Jawa-5 (2×1000 MW) coal-fired power plant project. Conflict within the inner...
May 11, 2016 | Industries, Market, News Group
Cement maker PT Indocement Tunggal Prakarsa Tbk (INTP) plans to expand its business this year, then it opts to utilise Rp2.7 trillion profit of 2015 for funding the expansion. While some Rp1.5 trillion profit is paid as dividend to shareholders. INTP will increase its...
May 11, 2016 | Industries, Market, News Group
On Tuesday (May 10), the central bank (Bank Indonesia/BI) reported that Indonesia’s official reserve assets position stood at US$107.7 billion as of the end of April 2016, up from the end of March 2016 level registered at US$107.5 billion. The increase was...
