Apr 27, 2016 | Industries, Market
PT Hero Supermarket Tbk (HERO) posted net loss of Rp35.4 billion in the first quarter of 2016, expanded slightly from the corresponding period of 2015 due to falling sales. IKEA, which recorded double-digit growth, failed to save HERO. HERO generated sales revenue of...
Apr 27, 2016 | Industries, Market
PT Nippon Indosari Corpindo (ROTI) Tbk, market leader for bread, posted net profit of Rp86.3 billion in the first quarter of 2016, an increase of 30% from the corresponding period of 2015, thanks to stronger sales revenue growth. Improved purchasing power? ROTI,...
Apr 27, 2016 | Industries, Market, News Group
Crude oil futures rose half a dollar in early Asian trading on Wednesday and remained near 2016 highs on the back of strong investor sentiment and a weak dollar, although analysts warned this month’s bull-run could soon run out of steam, Reuters...
Apr 27, 2016 | Industries, Market
Sofyan Basir, CEO of state-owned electricity provider PT Perusahaan Listrik Negara (PLN), was grilled by lawmakers at the House Commission VII (overseeing oil & gas, electricity, and mining affairs) on Tuesday (Apr 26) surrounding the progress of 35,000 MW program...
Apr 27, 2016 | Industries, Market, News Group
Local media reported that the Indonesian Government had a list of 6,000 names of Indonesians who are ready to repatriate their funds in order to take advantage of the tax incentive provided by the Tax Amnesty Bill. This controversial bill, which is currently being...
Apr 27, 2016 | Industries, Market
Islamic Development Bank (IDB) has on Monday (Apr 25) signed an agreement with ministry of transportation for the construction of Belawan Port expansion phase I. Belawan Port in North Sumatra is the third largest port in Indonesia behind Tanjung Priok (Jakarta) and...
Apr 27, 2016 | Industries, Market, News Group
Asian stocks were little changed this morning (Wednesday) as investors await policy decisions from the Federal Reserve and the Bank of Japan, Bloomberg reported. The composite index of the Indonesia Stock Exchange (IDX) dropped 1.33% to close at 4814 Tueday (April...
Apr 27, 2016 | Industries, Market
Matahari Department Stores (LPPF) reported strong sales growth of 15% to Rp1.86 trillion in the first quarter of 2016, lifted by 18% growth in revenues from retail sales, while net consignment sales grew only by 9.3%. Matahari booked net profit of Rp243.7 billion in...
Apr 26, 2016 | Industries, Market
HM Sampoerna (HMSP), the largest cigarette producer in Indonesia, booked net profit of Rp3.12 trillion in the first quarter of 2016, grew 7.6% from the corresponding period of 2015, but mainly due to significant finance income as a result of its huge cash in banks...
Apr 26, 2016 | Industries, Market
Shares of Astra International (ASII) ended lower by 2.04% Tuesday (Apr 26) to respond 22% fall of the company’s net profit in the first quarter of 2016, dragged down by weaker performance of automotive, financial services, and heavy equipment & mining...
