Apr 29, 2016 | Industries, Market
PT Intermedia Capital Tbk (MDIA), parent company of PT Cakrawala Andalas Televisi—operator of terrestrial TV station ANTV, has just released its audited financial statement for full year of 2015. It pointed to 27.3% fall of net profit due to weaker growth of...
Apr 29, 2016 | Industries, Market, News Group
The Government of Indonesia sets economic growth between 5.5% to 5.9% for 2017, even though the revenue target is expected to grow conservatively. Finance Minister Bambang Brodjonegoro said that the 2017 state budget (APBN) would be proposed in August this year. The...
Apr 29, 2016 | Industries, Market, News Group
On Thursday (April 28) the Government of Indonesia launched the twelfth economic policy package with the focus on further simplifying business licensing processes in Indonesia. President Joko “Jokowi” Widodo is keen on improving Indonesia’s ease of...
Apr 28, 2016 | Industries, Market
Integrated poultry player PT Japfa Comfeed Indonesia (JPFA) Tbk recorded net profit of Rp277.23 billion in the first quarter of 2016 against loss of Rp221.7 billion in the corresponding period of 2015 thanks to improved margins. Shares of Japfa have already gained...
Apr 28, 2016 | Industries, Market
PT Bank Central Asia (BCA) Tbk (BBCA) reported a 11.1% growth in profit attributable to equity, to Rp4.51 trillion in the first quarter (Q1) of 2016, from Rp4.06 trillion in the corresponding period of 2015. Net interest income grew by 14.9% to Rp9.77 trillion from...
Apr 28, 2016 | Industries, Law
The trademark dispute between Prada SA against PT Manggala Putra Perkasa (MPP) has reached closure. The Commercial Court of the Central Jakarta District Court has reportedly granted the lawsuit filed by Prada SA. This verdict automatically annulled the same trademark...
Apr 28, 2016 | Industries, Market, News Group
Bank Rakyat Indonesia (BBRI) paid dividend of Rp4.36 trillion to the Government as the main shareholder for the fiscal year of 2015. The bank booked net profit of Rp25.4 trillion last year. BBRI contributed 12.74% dividend of total dividend paid by state-owned...
Apr 28, 2016 | Industries, Market, News Group
The rupiah strengthened to Rp13,173 against the US dollar Wednesday, positively responding to the unchanged Fed rate policy. Crude oil price also increased, touching US$45 per barrel, first time since November 2015. The increase of oil price was also supported by the...
Apr 28, 2016 | Industries, Market
Precast concrete producer WIKA Beton (WTON), subsidiary of Wijaya Karya (WIKA), booked net profit of Rp50.24 billion in the first quarter of 2016, nearly tripled from corresponding period of 2015 as sales revenues jumped 71%. Acceleration of infrastructure projects...
Apr 27, 2016 | Industries, Market, Politics
Rosneft CEO Igor Ivanovich Sechin was introduced to energy and mineral resources minister Sudirman Said by Dwi Sutjipto, CEO of state-owned oil and gas company Pertamina, in Jakarta Wednesday (Apr 27), less than one month before President Joko ‘Jokowi’...
