Mar 28, 2016 | Industries, Market, News Group
Nymex’s crude oil rose 0.84% to US$39.79 per barrel in Asian trading this morning. But concern over the stronger US dollar alongwith the expected Fed Rate hike in near future would hit the oil market sentiment. The US’ oil inventory also reaches its record...
Mar 28, 2016 | Industries, Market, News Group
The Central Government has spoken to Uber Indonesia and Grab(car) on the matter of compliance with Indonesian transportation laws. An agreement has been reached as a result. Both Uber and Grabcar specifically have until May 31, 2016 to comply with the law. The...
Mar 28, 2016 | Industries, News Group
In a coordination meeting held last week at the City Hall, the Governor of Jakarta Basuki Tjahaja “Ahok” Purnama yelled at the President Director of PT MRT Jakarta Dono Bustami, accusing the latter (and team) of being responsible for the lack of progress...
Mar 28, 2016 | Industries, Market
Indofood Consumer Branded Products (ICBP), subsidiary of Indofood Sukses Makmur (INDF), booked net profit of Rp3 trillion last year, grew 13.5% from 2014. Looks like that the largest noodle producer reported weaker performance in the last quarter of the year as...
Mar 27, 2016 | Industries, Market
Like healthcare, education industry in Indonesia has attracted more investments, including private equity firms. There were rumors few years ago that one private equity firm would acquire Primagama, a famous learning center in the country. Later on we heard rumours...
Mar 25, 2016 | Industries, Market, Reviews
PT Sumber Alfaria Trijaya (AMRT) Tbk, operator of Alfamart convenience stores, booked net profit of Rp451 billion last year, down 16.4% from 2014 even though sales revenue grew 16.4% to Rp48.3 trillion. That means net profit margin had dropped to below 1%. Six years...
Mar 25, 2016 | Industries, Market, Reviews
Higher excise tax and retail distribution restriction have had detrimental effect to beer market last year. Multi Bintang Indonesia (MLBI), market leader, reported 9.8% decline in sales revenue, while net profit dropped 37.5% to Rp497 billion. Things improved in the...
Mar 25, 2016 | Industries, Market
Bentoel International Investama (RMBA) Tbk, controlled by British American Tobacco (BAT), is still the fourth largest cigarette player in the market behind HM Sampoerna (HMSP), Gudang Garam (GGRM), and Djarum. The Company’s growth, however, deserved serious...
Mar 24, 2016 | Industries, Market
PT Freeport Indonesia, subsidiary of Freeport McMoRan, has awarded an offshore engineering and procurement contract worth US$900 million to Chiyoda Singapore (PTE) Limited, subsidiary of Chiyoda Corporation, for the development of copper smelter in Indonesia. Scope of...
Mar 24, 2016 | Industries, Market, Reviews
Indosat (ISAT) maintains its position as the second largest telecommunication carrier with sales revenue of Rp26.8 trillion last year, an increase of 11.1% from 2014. The Company, however, has to work harder to improve its profit margin, despite 265% jump of operating...
