Mar 21, 2016 | Industries, Market, News Group
The Bank Indonesia (BI) found that the country’s external debt in January 2016 had grown by 2.2% (yoy)—slower than 5.8% (yoy) in December 2015—as public sector external debt growth decelerated and private sector external debt growth declined. Long-term external...
Mar 21, 2016 | Industries, Market, News Group
Asian stocks took a step back on Monday after three consecutive weeks of gains as a retreat in oil prices left investors in a ponderous mood about the health of the global economy, Reuters reported. Oil prices slipped for a second day, extending Friday’s slide...
Mar 19, 2016 | Industries, Market, Reviews
In contrast to the troubled peer PT Trikomsel Oke Tbk (TRIO), ICT retailer PT TiPhone Mobile Indonesia (TELE) Tbk reported strong sales revenue growth of 51% to Rp22 trillion last year. Its net profit also grew 19% to Rp370 billion. Has TELE taken more market share...
Mar 18, 2016 | Industries, Market, Reviews
Indocement Tunggal Prakarsa (INTP), the second largest cement producer in Indonesia, posted net profit of Rp4.36 trillion last year, dropped by 17.6% from 2014 due to falling sales. Semen Indonesia (SMGR), the largest cement producer, meanwhile, reported net profit of...
Mar 18, 2016 | Industries, Market
About a year ago, state-owned enterprises minister Rini Soemarno led Indonesian delegation in a meeting with Chairman of China Road and Bridge Corporation, subsidiary of the giant China Communication Construction Corp (CCCC) in Beijing. There were no details provided...
Mar 18, 2016 | Industries, Market, News Group
The Coordinating Investment Board (BKPM) recorded a 167% jump in investment commitment in February 2016 amounting to Rp355 trillion, compared to same period of 2015 (compared to January 2016, the figure increased 73%). Domestic investment commitment rose 66% to Rp75...
Mar 17, 2016 | Industries, Market
After years of delay, the government has this morning signed the Rp3.5 trillion EPC contracts to build 10 low-cost apartment towers in Kemayoran area, Jakarta, which will also be used as dormitories for athletes participating in 2018 Asian Games in Jakarta. Who gets...
Mar 17, 2016 | Industries, Market, News Group
There’s now news that cab drivers in Jakarta will stage another round of protest on Monday March 21, 2016. This is perhaps a reaction on the Government’s latest move in light of the Uber-GrabCar mess. After deliberating on the matter with its related...
Mar 17, 2016 | Industries, Law
The 15-year-old dispute on the management of the Outer Ring Road South Section (Pondok Pinang-Jagorawi) (JORR-S Toll Road) finally reached closure. The Attorney General’s Office (AGO) has reportedly executed the Supreme Court ruling that has been legally binding...
Mar 17, 2016 | Industries, Market
The central bank (Bank Indonesia/BI) is set to announce its benchmark BI Rate policy, lending facility rate, and deposit facility today. Last month, the BI Rate was cut by 25 basis point to 7% from 7.5% previously. The Deposit Facility rate and the Lending Facility...
