May 11, 2016 | Industries, Market, News Group
Asian stocks pulled away from eight-week lows on Wednesday, a day after solid corporate earnings sparked a rally in global equities while the yen struggled amid intervention warnings from Tokyo in the wake of the currency’s rapid rise, Reuters reported.The...
May 10, 2016 | Industries, Market
Looks like that beer market has returned to normal in the first quarter of 2016. Two of the largest players, Multi Bintang (controlled by Heineken BV) and Delta Djakarta (controlled by San Miguel) reported strong sales revenue growth. Multi Bintang (MLBI) recorded...
May 10, 2016 | Industries, Market
Bentoel International (RMBA), controlled by British American Tobacco (BAT), continued its strong growth. In the first quarter of 2016, the Company recorded sales revenue of Rp4.47 trillion, jumped 26.5% from the corresponding period of 2015, higher than market leaders...
May 10, 2016 | Industries, Market, News Group
Giant coal miner PT Bumi Resource Tbk (BUMI) plans to propose debt conversion into equity to creditors with seven instruments of settlements. The final draft will reportedly be discussed in June 6, 2016. BUMI proposes to convert its US$150 million debts to China...
May 10, 2016 | Industries, Law
The dispute on the ownership of PT Metro Batavia’s assets has been on going since Batavia Air was declared bankrupt in 2013. We’ve had to follow a series of lawsuits coming from all directions, including the Company’s board of directors, the team of...
May 10, 2016 | Industries, Market, News Group
On Wednesday May 4, Bank Indonesia (BI, the central bank) reported that consumers’ confidence level in April 2016 had gone down, compared to previous month, along with the consumers’ perception over current income. But the survey indicated that the...
May 10, 2016 | Industries, Market
Mitra Keluarga Karyasehat (MIKA), owner and operator of Mitra Keluarga hospital network, booked net profit of Rp183.92 billion in the first quarter of 2016, jumped by 27% from the corresponding period of 2015. Siloam International Hospitals (SILO), meanwhile, posted...
May 10, 2016 | Industries, Market, News Group
The composite index of the Indonesia Stock Exchange (IDX) dropped 1.52% to close at 4,749 Monday (May 9) inline with regional and global markets. Foreign investors booked net sell of Rp457.6 billion, cutting year-to-date net buy to Rp2.43 trillion. Investors were...
May 9, 2016 | Industries, Market
Minister of transportation Ignatius Jonan has on Sunday (May 8) inaugurated the operation of new passenger terminal and runway of Matahora airport in tourism area of Wakatobi, Southeast Sulawesi province. Built with Rp80 billion of funding from State Budget 2015, the...
May 9, 2016 | Industries, Market, News Group
The Chairman of Indonesia’s Central Statistics Agency (BPS) Suryamin expects the economy to grow by more than 5% this year. The economy only grew by 4.92% year-on-year in the first quarter of 2016; the growth rate slowed compared to 5.04% growth in the fourth...
