Apr 7, 2016 | Industries, Law
PT Suharli Malaya Lestari (SML), a garment company based in West Java, is officially bankrupt after the petition for cancellation of peace agreement submitted by PT Bank J Trust Indonesia Tbk was granted by the Commercial Court of the Central Jakarta District Court....
Apr 7, 2016 | Industries, Market
One South Korean company plans to invest US$95 million in new pharmaceutical plant and research centre in Indonesia. Two other South Korean investors, meanwhile, plan to invest US$300 million each in food and beverage industry. All of them are now searching for the...
Apr 7, 2016 | Industries, Market, News Group
Listed information and technology (IT) solution providers maintained their revenue growth during 2015, amidst challenging and unfavorable market and macro-economic conditions. Many corporations reviewed their investment plans and postponed investment until a more...
Apr 7, 2016 | Industries, Market, News Group
Indonesia’s tax revenue reached Rp194 trillion in the first quarter of 2016, down 2.1% from the tax revenue in the same period a year before. Finance Minister Bambang Brodjonegoro blamed this poor result on lower income from value-added taxes (VATs) due to tax...
Apr 6, 2016 | Industries, Law
The trademark dispute between one of the world’s largest hotel chain, the Sheraton Group, against Australia-based Staywell Hospitality Group Ptd Ltd and Indonesian company PT Graha Tunas Mekar is finally over. The dispute that took shape into two separate...
Apr 6, 2016 | Industries, Market, Reviews
After completing construction of Merah Putih Bridge in Ambon, Maluku province and Tayan Bridge in West Kalimantan province, the government expects completion of several major bridges in Papua, East Kalimantan, Southeast Sulawesi, South Sumatra, and East Nusa Tenggara....
Apr 6, 2016 | Industries, Market, News Group
Tyre producers suffered loss in 2015, mainly due to foreign exchange (forex) loss. PT Gajah Tunggal Tbk (GJTL) reported loss of Rp314 billion last year, against Rp283 billion profit in 2014. Revenues only declined 0.8% to Rp12.97 trillion and gross profit rose 5.3% to...
Apr 6, 2016 | Industries, Market, News Group
On Tuesday April 5, Bank Indonesia (BI, the central bank) reported that consumers’ confidence level in March 2016 went down though it remained within the optimistic level. The consumers’ perceptions over the current level of income and the availability of...
Apr 6, 2016 | Industries, Market, News Group
Wall Street fell sharply on Tuesday as investors took gains off the table following a recent rally and ahead of an upcoming quarterly reporting season that is expected to reveal sharply lower earnings, Reuters reported. Data on Tuesday showed the U.S. trade deficit...
Apr 5, 2016 | Industries, Market, News Group
State-owned toll road operator PT Jasa Marga Tbk (JSMR) reported 3.1% growth in profit attributable to equity to Rp1.46 trillion in 2015, compared to 2014. Revenues increased 7.4% to Rp9.85 trillion and operating profit rose 13.1% to Rp3.48 trillion. The economic...
