Mar 10, 2016 | Industries, Market
Indonesian Cement Association (ASI) recorded cement sales of its members at 4.45 million tons last month, an increase of 3% year-on-year, slightly lower than January growth. If combined with non-members, national cement consumption grew around 4%. This is a good news,...
Mar 10, 2016 | Industries, Market, News Group
The Government is preparing the economic policy package XI and XII, consisting of policies related to financial and logistic sectors, mainly to support business development of micro and small-medium segment and villages. The Coordinating Minister for the Economy...
Mar 10, 2016 | Industries, Reviews
RGE International Ltd, controlled by tycoon Sukanto Tanoto, is among the most aggressive investors in Indonesia these days other than Sinarmas Group. After expanding paper manufacturing plant of PT Riau Andalan Pulp and Paper (RAPP) with US$300 million of investment,...
Mar 8, 2016 | Industries, Market, News Group
State tin producer PT Timah Tbk (TINS) suffered a 84.4% drop in net profit in 2015, to Rp102 billion, from Rp637 billion in 2014, as operating profit dropped 91.5% to 81 billion from previous Rp963 billion. TINS told the press that the net profit drop last year was...
Mar 8, 2016 | Industries, Market, News Group
The Financial Service Authority (OJK) has sent letters to the management of banks with the request to bring loan interest rates to below 10%, or a single digit, from 12.83% in 2015. The OJK has also conducted the supervisory action to banks regarding the reduction of...
Mar 7, 2016 | Industries, Market, Politics
Timika is a township known as a part of the area of operation of PT Freeport Indonesia. Although Freeport’s Grasberg mine is in Tembaga Pura, once one arrives in Timika, from Moses Kilangin airport to Kuala Kencana, one would be able to see traces of Freeport...
Mar 7, 2016 | Industries, Market, News Group
Last month Indonesia’s Financial Services Authority (OJK) unveiled its plan to lower state-owned banks’ net interest margin (NIM) to the range of 3-4% in a bid to push the country’s lending rates down, hence boosting credit growth and economic...
Mar 7, 2016 | Industries, Law
PT Kutilang Paksi Mas (KPM) can end their period of Suspension of Debt Payment (PKPU) peacefully after the the majority of the Company’s creditors accepted their peace proposal. The presiding judge Judge Tito Suhud made the announcement on March 3, 2016....
Mar 7, 2016 | Industries, Market, News Group
Nymex’s crude oil jumped 5.1% to US$36.34 per barrel in Asian trading this morning, while Asia markets traded mixed, with the Japanese market falling behind its regional peers, Cnbc.com reported. Markets are likely to react today to China’s new economic...
