Mar 22, 2016 | Industries, Market, News Group
Retailer PT Matahari Putra Prima Tbk (MPPA) booked Rp183 billion of net profit attributable to equity in 2015; a 67% drop from Rp554 billion in 2014. Earning per share (EPS) was Rp34, compared to Rp103 in 2014. Revenues rose 2.5% to Rp13.9 trillion from previous...
Mar 22, 2016 | Industries, Law, Market
President Joko “Jokowi” Widodo is seeking ways to strengthen the prevention and control of tax evasion and money laundering. On March 21, 2016 the President held a closed-door meeting with a number of related state institutions to discuss this issue. The...
Mar 22, 2016 | Industries, Law, Market
PT Meranti Maritime, which is currently in the period of Suspension of Debts Payment (PKPU), has once again requested for a 60-day extension to its creditors. The request was conveyed in a move to find time to resolve the status of one creditor that is still debated...
Mar 22, 2016 | Industries, Market, Reviews
Unlike its peers, property developer Modernland Realty (MDLN) recorded strong performance in the fourth quarter of 2015 with sales revenue growth of 36%, while gross profit jumped 51%. The stock is also one of those in the property sector still traded below equity. As...
Mar 22, 2016 | Industries, Market, Reviews
World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) reached 120 million tons (Mt) last month, down 3.3% from February 2015, suggesting further rationalization of output in major producing countries, including China,...
Mar 22, 2016 | Industries, Market
The property sector would benefit from the recent BI Rate cut to 6.75%. BI Rate cut would prompt the cut in loan interest rate for housing segment as 75% of property purchases were funded by banking loan. On average, loan interest rate for housing segment (KPR) is set...
Mar 21, 2016 | Industries, Market, Reviews
State-owned insurance firm PT ASABRI (Persero), where Indonesian military and police placed more then Rp15 trillion of pension annuity, has recently offloaded around 50 million shares of Bank Yudha Bhakti (BBYB) at undisclosed price, reducing its ownership in the...
Mar 21, 2016 | Industries, Market, Reviews
State-owned life insurance company PT Asuransi Jiwasraya (Persero) booked net profit of Rp1.06 trillion last year, jumped 59.4% from 2014 despite 41.8% fall in revenues from its investments. Jiwasraya was probably the fastest growing life insurance firm in the country...
Mar 21, 2016 | Industries, Law, Politics
News came from the Ministry of Marine and Fisheries on March 20, 2016. The ministry’s supervisory ship KP Hiu 11 was reportedly involved in a collision while trying to catch the Chinese fishing vessel KM Kway Fey 10078 in the border area connecting to the South China...
Mar 21, 2016 | Industries, Market, News Group
Indonesia’s steel and iron producers urge the Government to limit imports of steel into Indonesia as these imports are a burden on the domestic steel industry. Data from the Indonesian Iron and Steel Industry Association (IISIA) show that steel imports from...
