Mar 14, 2016 | Industries
Some listed mining companies intend to enter into power plant projects along with the launch of the Government’s 35,000 megawatts (MW) power project. Indeed, some mining companies have prepared trillions of rupiah to invest in power plant projects within the...
Mar 11, 2016 | Industries, Market
Property developer PT Bumi Serpong Damai Tbk (BSDE) reported a 44% drop in profit attributable in 2015 to Rp2.14 trillion from Rp3.82 trillion in 2014, as gain from associates and joint venture companies dropped to Rp47.6 billion from Rp1.66 trillion. Revenues grew by...
Mar 11, 2016 | Industries, Law
The National Police’s Criminal Investigation Unit (Bareskrim) finally named one suspect in the case of alleged falsification of documents against PT Airfast Indonesia. The police promised that it would not stop at investigating an individual; that...
Mar 11, 2016 | Industries, Law
The Government began looking for eligible contractors for the construction of Jakarta Mass Rapid Transport (Jakarta MRT) three years ago. Since then, agreements have been signed but construction has not been in line with expectations. One of the problems MRT Jakarta...
Mar 11, 2016 | Industries, Market, News Group
The government of Indonesia claimed that its budget spending was improving, which would in turn boost national economic growth this year. The Finance Ministry recorded budget spending at Rp5.4 trillion as of February 2016 or 2.7% of the target (Rp201.6 trillion) for...
Mar 11, 2016 | Industries, Market
Some major business groups have tried to develop theme parks to tap the growing middle class. Harry Tanoesoedibjo’s MNC Group, for example, claimed to have engaged Donald Trump’s company to develop theme park in Lido, Bogor, West Java. Few years back, Alam...
Mar 11, 2016 | Industries
The government has granted bonded zone facilities to 11 companies operating logistic centers in the country as an implementation of the second economic stimulus package issued late last year pursuant to Government Regulation No. 85/2015 and minister of finance...
Mar 11, 2016 | Industries, Market, News Group
Asian shares were traded lower on Friday morning following a weaker finish on Wall Street overnight and as traders digest the European Central Bank’s (ECB) stimulus announcements, Cnbc.com reported. Overnight, the ECB delivered a surprise package of measures to...
Mar 10, 2016 | Industries, Market, News Group
Japanese companies remain committed to investing in Indonesia, particularly in infrastructure, power and manufacturing, according to the Kansai Economic Federation (Kankeiren), one of Japan’s private, non-profit representative economic organizations. Kankeiren...
Mar 10, 2016 | Industries, Market, News Group
Investment firm PT Majapahit Inti Corpora Tbk (AKSI) plans to acquire 98.67% stake in PT Top Atlantik Investama (TAIN) from Topdeal when converting the bonds into equity at the maturity date. It would also indirectly control 74% shares of PT Batam Trans Gasindo (BGT)....
