Mar 17, 2016 | Industries, Market
The Japan Bank for International Cooperation (JBIC) has on Monday (March 14) signed 9.9 billion yen and US$107 million export credit facility with state-owned power company PT Perusahaan Listrik Negara (PLN) to support the development of Lontar coal-fired power plant...
Mar 17, 2016 | Industries, Market, News Group
The composite index of the Indonesia Stock Exchange (IDX) gained 0.24% to close at 4,861 Wednesday (Mar. 16), but trade was volatile with the index reaching its lowest at 4,837. Late buying helped lifting IDX into positive territory after trading in red zone during...
Mar 16, 2016 | Industries, Market
MCC Overseas Ltd is an engineering, procurement, and construction (EPC) services subsidiary of Metallurgical Corporation of China Ltd (MCC). This Company is EPC firm to watch because of its growing presence in Indonesia, not only in smelting of minerals but...
Mar 16, 2016 | Industries, Market
The World Bank (WB) has cut its projection for Indonesia’s economic growth to 5.1% for this year from 5.3%. The International Monetary Fund (IMF) also cut its forecast for Indonesia’s 2016 economic growth to 4.9% (y/y), meanwhile the Government of...
Mar 16, 2016 | Industries, Market
Asian shares were mixed on Wednesday, while the dollar dithered as markets waited anxiously for the Federal Reserve to provide guidance on the risk of U.S. rate hikes this year, Reuters reported. The composite index of the Indonesia Stock Exchange (IDX) dropped 0.57%...
Mar 16, 2016 | Industries, Law
The Commission XI of the House Representatives (DPR) approved the draft on the Law on Prevention and Crisis Management of Financial System (PPKSK Bill) proposed by the government last week. “This is the optimal result between the government and Parliament....
Mar 15, 2016 | Industries, News Group
Yesterday (March 14) hundreds of cab drivers, joined by hundreds of public transportation (angkot) van drivers on strike, made their way to the Jakarta City Hall in a move to demand the Jakarta Province Government to close Uber’s and Grab’s operation in...
Mar 15, 2016 | Industries, Market, News Group
PT Panghegar Kana Legacy, the subsidiary of the Panghegar Group, received an extension of Suspension of Debts Payment (PKPU) period once more. The additional 45 days was granted by the panel of judges of the Commercial Court of the Central Jakarta District Court on...
Mar 15, 2016 | Industries
State oil and gas company PT Pertamina is finalising front end engineering design (FEED) for the 956-KM fuel pipeline in Java Island, which shall be built in the period of 2016-2019. Pertamina expects to start with construction of 401-KM pipeline later this year....
Mar 14, 2016 | Industries, Market
State-owned steel producer Krakatau Steel (KRAS) recorded net loss of US$320 million last year, ballooned from US$147 million in 2014 due to falling sales and squeezed margins. KRAS suffered from over US$100 million losses from its joint venture with Pohang Iron and...
