Apr 11, 2016 | Industries, Market, Reviews
A year ago, Japanese giant SoftBank acquired 20% shares of Trikomsel Oke (TRIO), used to be the largest ICT retailer, for more than US$100 million. Months later, Trikomsel declared its inability to serve payments to bondholders. Sales revenues declined steadily, while...
Apr 11, 2016 | Industries, Law
The Industrial Relations Court (PHI) at the Central Jakarta District Court decided to side with the 33 flight attendants of PT Garuda Indonesia (Persero) Tbk (Garuda Indonesia), who were forced to retire because of the Company’s new policy on retirement age. The...
Apr 11, 2016 | Industries, Law
PT Merpati Nusantara Airlines (Persero) (Merpati) finally managed to avoid the bankruptcy lawsuit filed by its employees and former employees. The Panel of Judges of the Commercial Court of the Central Jakarta District Court decided to reject the bankruptcy petition...
Apr 11, 2016 | Industries
Indonesia’s upstream oil & gas regulator SKK Migas said the nation’s crude oil production in the first quarter of 2016 reached the average of 835,234 barrels per day (bpd), slightly above the target of 830,000 bpd that was set in the 2016 State Budget,...
Apr 11, 2016 | Industries, Market, Reviews
Minister of public works Basuki Hadimuljo and minister of state-owned enterprises Rini Soemarno met at the construction site of the Pejagan-Pemalang toll road Sunday (April 10) to check progress of the project. Section I and II of the 57.5 KM toll road are scheduled...
Apr 11, 2016 | Industries, Market, Reviews
There are six toll road projects in the greater Jakarta area. Four of them would make the Jakarta Outer Ring Road (JORR) II of 110 KM. Like JORR I, this project might take more than one decade to develop, mainly due to difficulties in land acquisition. Toll road...
Apr 11, 2016 | Industries, Market, News Group
Global investors are still concerned over global economic development this year, while some world countries have no more options in creating monetary policies for boosting global economic growth. This week, the International Monetary Fund (IMF) is expected to cut the...
Apr 11, 2016 | Industries, Market, News Group
The cabinet reshuffle issue might affect market sentiment this week, while banking stocks would attract buying appetite as the Financial Services Authority (OJK) mulls incentives for banks that focus on cost efficiency and lowering their net interest margins (NIM)....
Apr 9, 2016 | Industries, Market
Government’s plan to revise the State Budget 2016 should be a great news for toll road projects in the country, because budget for land acquisition will be raised from Rp1.6 trillion to Rp16 trillion. Trans-Sumatra toll road will get a boost as negotiation with...
Apr 8, 2016 | Industries, Market, Reviews
MNC Sky Vision (MSKY), the pay TV operator controlled by Hary Tanoesoedibjo’s MNC Group, reported net loss of Rp776 billion last year, ballooned 401% from 2014 due to huge foreign exchange translation losses. But, that’s not something investors and...
