Apr 26, 2016 | Industries, Politics
State-owned PT Perusahaan Listrik Negara (PLN) has recently signed agreement with Savills (UK) Limited and NV COGT Singapore Pte Ltd for the development of solar power plants with combined capacity of 150 MWp in eastern provinces. PLN has also signed MoU with Siemens...
Apr 26, 2016 | Industries, Market
Minister of industry Saleh Husin clams stainless steel of PT Sulawesi Mining Investment (SMI) in Morowali Regency, Central Sulawesi will enter commercial production soon. This is part of an integrated US$3.5 billion plus investment from BintangDelapan Group and China...
Apr 26, 2016 | Industries, Market, News Group
The Indonesia Investment Coordinating Board (BKPM) reported on Monday (April 25) that in rupiah terms, foreign direct investment (FDI) into Indonesia in the first quarter (Q1) of 2016 grew 17.1% year-on-year (y/y) to Rp96.1 trillion, from Rp82.1 trillion in the...
Apr 26, 2016 | Industries, Market
Paper manufacturer PT Fajar Surya Wisesa (FASW) Tbk booked net profit of Rp244 billion in the first quarter of 2016 against net loss of Rp107 billion in the corresponding period last year thanks to strong sales revenue growth and improved margins. It is true that...
Apr 26, 2016 | Industries
The Refinery Development Masterplan Program (RDMP) designed by PT Pertamina Persero is gaining traction. One of the projects in the program is the development of Refinery Unit (RU) V Balikpapan. This project is being conducted by Pertamina itself. Pertamina’s...
Apr 26, 2016 | Industries, Market, News Group
Asian stocks were on the defensive on Tuesday after oil prices eased and as investors braced for central bank policy meetings in the United States and Japan later this week, Reuters reported. The composite index of the Indonesia Stock Exchange (IDX) fell 0.73% to...
Apr 25, 2016 | Industries, Market
Unilever Indonesia (UNVR), the largest player in personal and home care market, posted net profit of Rp1.57 trillion in the first quarter of 2016, down 1.4% from the corresponding period of 2015. Sales revenue grew 6.1% to almost Rp10 trillion in the quarter, but...
Apr 25, 2016 | Industries, Market, News Group
Foreigners (expats) can now buy a landed house or apartment in Indonesia (under the so-called ‘right-of-use’ category, locally known as hak pakai, which is weaker than the ‘right-of-ownership’ category or hak milik). But the Government set various...
Apr 25, 2016 | Industries, Market, News Group
Asian shares and the dollar edged lower on Monday as investors awaited the central bank meetings in the United States and Japan this week that are expected to hold clues to future policy moves, Reuters reported. The composite index of the Indonesia Stock Exchange...
Apr 23, 2016 | Industries, Market
Flag carrier Garuda Indonesia (GIAA) booked net profit of US$1 million only in the first quarter of 2016, crashed from US$11.4 million in the corresponding period of 2015 due to falling sales revenue in USD (appreciation of USD against rupiah) and squeezed margins...
