Apr 8, 2016 | Industries, Market
Media Nusantara Citra (MNCN), parent company of TV broadcasting units RCTI, GlobalTV, and MNC TV, booked net profit of Rp1.19 trillion last year, dropped 32.7% from 2014, mainly due to loss on foreign exchange. But, the real pressures were seen in its sales revenue...
Apr 8, 2016 | Industries, Market, News Group
The Immigration office confirmed the news to journalists that Sunny Tanuwdijaja, the special advisor to Governor Basuki “Ahok” Tjahaja Purnama, was one of the name that the Corruption Eradication Commission (KPK) wanted banned from overseas traveling. The...
Apr 8, 2016 | Industries, News Group
On April 1, 2016, we published our Field Trip series covering the development of the underground section of Jakarta MRT. Since then PT MRT Jakarta has reached out to us to clarify a few points, as follows: We wrote on said article that “six underground stations will...
Apr 8, 2016 | Industries, Market, News Group
In facing the economic downturn, PT Bank Mega Tbk (MEGA) took a conservative action in loan portfolio, to decline 3.62% to Rp32.40 trillion of loan disbursement, from Rp33.61 trillion in 2014. Third party funds also fell 2.51% to Rp49.74 trillion from previous year...
Apr 8, 2016 | Industries, Market, Reviews
Krakatau Steel (KRAS), the largest player in iron and steel market, ended 2015 with US$320 million of net losses, skyrocketed from US$147 million in 2014 due to a combination of falling prices, higher financial charges. Nearly half of the losses were booked in the...
Apr 8, 2016 | Industries, Law
PT Geo Cepu Indonesia (Geo Cepu) is facing a lawsuit on Suspension of Debts Payment (PKPU) filed by one of its partners PT Trista Multi Kencana (Temka). The lawsuit is the second lawsuit filed by Temka. Temka’s legal counsel Latu Suryono told the press that the...
Apr 8, 2016 | Industries, Market, Reviews
Some people staged public rallies recently to protest policies from the popular fisheries minister Susi Pudjiastuti. Today national media reported about relaxation of fish transshipment policy. While Susi gets overwhelming support for her fight against illegal...
Apr 8, 2016 | Industries, Market, News Group
Asian stocks followed U.S. shares lower, with the benchmark index headed for a third weekly decline, as consumer-discretionary and material shares led losses in a broad regional selloff, Bloomberg reported. An element of anxiety has returned to financial markets, with...
Apr 8, 2016 | Industries, Market, News Group
On Thursday (Apr. 7), the central bank (Bank Indonesia/BI) reported Indonesia’s official reserve assets position (forex reserves) at US$107.5 billion as of end-March 2016; the figure went up from the end of February 2016 level registered at US$104.5 billion. The...
Apr 7, 2016 | Industries, Market, News Group
Nymex’s crude oil jumped 5.21% to US$37.76 per barrel in Asian trading this morning. Oil surged after U.S. crude inventories unexpectedly dropped from the highest level in more than eight decades, Bloomberg reported. Over the past 18 months, oil price has...
