Apr 20, 2016 | Industries, Market
Great news came from state-owned railway operator PT Kereta Api Indonesia (KAI) regarding the Jakarta Airport train project. As of April 15, 2016, land acquisition for the project has reached 58.03%. In the meantime, land acquisition for the long-delayed...
Apr 20, 2016 | Industries, Market
Credit slowed during the first quarter of this year, but most bankers, also the Financial Services Authority (OJK), are optimistic that credit would grow by 12-14% this year, higher than 10.5% growth last year. The commercial banks reported 0.66% decline in net profit...
Apr 20, 2016 | Industries, Market, News Group
PT Bumi Teknokultura Unggul Tbk (BTEK) plans to issue 5.5 billion new shares through preemptive rights scheme, representing 83.3% of its enlarged shares capital, at price of Rp1,000 per share, to raise total proceeds of Rp5,5 trillion, used to fund the acquisition...
Apr 20, 2016 | Industries, Market
The Government is said to launch the XII Economic Policy Package next week, focusing on revitalising Pos Indonesia’s savings program and simplifying permits processes, with the aim of attracting savings in rural areas, boosting domestic liquidity, and funding...
Apr 19, 2016 | Commodities, Industries, Market
State-owned mining company Aneka Tambang (ANTM) has on Monday (Apr 18) signed project development agreement with two Germany companies: Cronimet Holding GmbH and Ferrostaal Industrial Projects GmbH for the development of ferronickel smelter in Pomalaa, Southeast...
Apr 19, 2016 | Industries, Market, News Group
President Joko Widodo (Jokowi) visits Germany as part of his four-European nation tour this month. The President has signed the investment commitment agreement with German corporations in the value of US$845.6 million. State miner PT Aneka Tambang Tbk (ANTM) signed...
Apr 19, 2016 | Industries, Market, Reviews
Sochi Lines (SOCI) is the fastest growing shipping company in the country with total assets of half billion USD already. Unlike peers, SOCI reported 11.3% growth in sales revenue to US$141.83 million last year, half of which was contributed by state-owned oil and gas...
Apr 19, 2016 | Industries, Market
PT Bentoel International Investama Tbk (RMBA), the fourth largest cigarette producer in Indonesia controlled by British American Tobacco (BAT), is set to raise Rp13.99 trillion from issuing 29.16 billion new shares at price of Rp480 per share. This 3rd preemptive...
Apr 19, 2016 | Industries, Market, News Group
On Monday (April 18), the central bank (Bank Indonesia/BI) reported that Indonesia’s external debt grew by 3.7% (yoy) to US$311.5 billion in February 2016, attributable to a rise in long-term external debt, while short-term external debt fell. Based on group of...
Apr 18, 2016 | Industries, Law
The insolvency process of PT Asuransi Jiwa Nusantara (AJN) is still ongoing. Last week, the team of curators said that they had finally found the company’s asset deposited in a custodian bank. Even so, the value of the reserve fund is still far from the total...
