Apr 14, 2016 | Industries, Market
CDMA-operator SmartFren Telecom (FREN) booked net loss of Rp1.57 trillion last year, expanded 13.2% from Rp1.38 trillion in 2014. The Company forced Sinarmas Group to dig its pocket even deeper. As cash eroded fast, the group should inject more to keep SmartFren...
Apr 14, 2016 | Industries, Market, News Group
Despite the current difficulties, RH PETROGAS LIMITED remains upbeat on the long term prospect of the upstream oil and gas industry. Energy demand in Asia is set to continue to grow within the next decade. The oversupply situation, though a concern in the short term,...
Apr 14, 2016 | Industries, Market
The central bank (Bank Indonesia/BI), based on its survey results, indicates that new banking loan would grow in the second quarter of 2016, though it is still expected to remain slow in the first quarter amid low demand from corporates for commercial funding, coupled...
Apr 14, 2016 | Commodities, Industries, Market
Shares of global metal producers continued their rally Wednesday to respond positive export data from China and upbeat short-range outlook of global steel demand. Vale SA advanced 6% in New York, while Eramet jumped 7.3% in Paris. Glencore ended higher by 6.7% in...
Apr 13, 2016 | Industries
PT Freeport Indonesia offered 10.64 percent of its shares to the Government of Indonesia on Januari 14, 2016 at the price of US$1.7 billion. As per the Government Regulation No. 77/2014 on the Mining of Minerals and Coal, the Government of Indonesia has 60 days to...
Apr 13, 2016 | Industries, Market
PT Bank Negara Indonesia (BNI) Tbk (BBNI) booked net profit of Rp2.97 trillion in the first quarter (Q1) of 2016; it grew by 5.5% from Rp2.82 trillion in the corresponding period of 2015. Earning per share (EPS) was Rp161 while. Net interest income rose 13.3% to...
Apr 13, 2016 | Industries, Market
Retailers confirmed slower annual sales growth in February 2016, reflected by a 9.9% (yoy) increase in the real sales index (RSI), lower than expected 11.9% growth, compared to growth of 12.9% (yoy) the month earlier. Retailers attributed slower growth of commodity...
Apr 13, 2016 | Industries, Market
State-owned airport management company PT Angkasa Pura II plans to issue Rp2 trillion worth of bonds to finance its capital expenditures. We anticipate more state companies engaged in infrastructure development seeking funds from debt market amidst uncertainties...
Apr 13, 2016 | Industries, Market
Asian share markets rallied on Wednesday as a revival in risk appetite knocked back the yen and oil ran into only modest profit-taking after reaching a major chart milestone that augured well for further gains ahead, Reuters reported. Whether sentiment hangs together...
Apr 12, 2016 | Industries
Property consulting firm Jones Lang LaSalle (JLL) said property business is growing in some areas around Jakarta such as Bogor, Tangerang, and Bekasi as the land area for property business segment in Jakarta is lacking. Companies engaging in e-commerce business...
