Mar 24, 2016 | Industries, Market, News Group
Offshore oil and gas services company PT Wintermar Offshore Marine Tbk (WINS) suffered loss attributable to shareholders of US$5.7 million in 2015, with EBITDA for the full year reaching US$30.7 million. In 2014, the company booked profit of US$21.7 million. Revenues...
Mar 24, 2016 | Industries, Market, News Group
The Asian Development Bank (ADB) is optimistic that the Indonesian economy would grow by more than 5% this year, higher than the projected 4.9% by the International Monetary Fund (IMF). ADB said that Indonesia’s economy had fared far better compared to other...
Mar 24, 2016 | Industries, Market, Reviews
Holcim Indonesia (SMCB), the third largest cement producer in Indonesia, reported 15.6% fall in number of employees last year, but this was attributable to the transfer of its Malaysian operation to affiliated entity pursuant to global merger of Holcim and Lafarge....
Mar 24, 2016 | Industries, Market, Reviews
President Joko ‘Jokowi’ Widodo is scheduled to inspect progress of toll road project in Balikpapan, East Kalimantan, which is the first in the resource-rich island, Thursday (March 24). This is another week of infrastructure story because he had earlier...
Mar 23, 2016 | Industries, Market, Reviews
Danty Indriastuty Purnamasari, grand daughter of the late president Soeharto, has just resigned as president commissioner of toll road developer and operator PT Citra Marga Nusaphala Persada (CMNP) Tbk, which competes a consortium of Bumi Serpong Damai (BSDE) and...
Mar 23, 2016 | Industries, Politics
Despite the tension between Indonesia and the People’s Republic of China, after the confrontation concerning law enforcement and sovereignty on the Natuna sea, business between the two countries goes on. The Investment Coordinating Board (BKPM) continues to work...
Mar 23, 2016 | Industries, Law, News Group
The Ministry of Trade has issued the Minister of Trade Regulation (Permendag) No. 14/M-DAG/PER/3/2016 to amend the provisions of Permendag No. 77/M-DAG/PER/12/2013 concerning the Simultaneous Issuance of Trade License and Company Registration for Trading Company. ...
Mar 23, 2016 | Industries, Market, Reviews
Blue Bird (BIRD), Express Transindo Utama (TAXI), and Mitra Pinasthika Mustika (MPMX) are three major conventional taxi/car rental operators listed on IDX. They haven’t released their financial statements for full year 2015 to assess whether apps-based like Uber...
Mar 23, 2016 | Industries, Market, News Group
On Tuesday (Mar. 22), the Government sold Islamic bonds, or sukuk, in US Dollar denomination, raising US$2.5 billion, equivalent Rp32.5 trillion, reflecting investors’ high appetite to invest in Indonesia along with improving economic development. Investors...
Mar 23, 2016 | Industries, Market, News Group
The rupiah weakened further to Rp13,175 against the US dollar on Tuesday (Mar. 22), while foreign investors booked net sell of Rp269.4 billion, cutting year-to-date net buy to Rp4.73 trillion. The Governor of Bank Indonesia (central bank) Agus Martowardojo warned all...
