Mar 5, 2016 | Industries, Market, Reviews
After 11 years of delay the government has on Friday (March 4) signed contract for the development of Palapa Ring II, a backbone for Internet services, with a consortium led by state-owned company PT LEN Telekomunikasi Indonesia. The consortium won Central Package...
Mar 4, 2016 | Industries, Law, Market, News Group
The investigation into alleged corruption in the implementation of the cooperation contract between PT Hotel Indonesia Natour (HIN), PT Citra Karya Bumi Indah (CKBI), and PT Cipta Karya Bersama (or PT Grand Indonesia) continues. As of last week, the Attorney...
Mar 4, 2016 | Industries, Market, News Group
PT Bank Central Asia (BCA) Tbk (BBCA) recorded a positive business and financial performance for the full year 2015 with the net profit of 9.3% to Rp18.0 trillion, compared with the previous year’s Rp16.5 trillion. Driven by loan portfolio growth and lower cost of...
Mar 3, 2016 | Industries, Market, Reviews
PT Telkom (TLKM) Tbk, the largest telecommunication company in Indonesia, posted net profit attributable to equity holders of Rp15.5 trillion last year, an increase of 7% from 2014, thanks to robust growth of sales and operating profit. The company even reported 26.4%...
Mar 3, 2016 | Industries, News Group
On March 1, State oil and gas company PT Pertamina lowered the prices of Pertalite to Rp7500/liter from Rp7900 previously, and Pertamax to Rp7950 from Rp8500 previously for the Jakarta area. For Java, Pertamax price was cut to Rp8050/liter from Rp8600. The further cut...
Mar 3, 2016 | Industries, Reviews
After inspecting development of two toll road projects in North Sumatra (Medan-Binjai and Medan-Kualanamu-Tebing Tinggi), President Joko ‘Jokowi’ Widodo kicked off construction of elevated section of railway in Medan, North Sumatra as part of the US$2...
Mar 3, 2016 | Industries, Market, Reviews
HM Sampoerna (HMSP), the largest cigarette producer in Indonesia, generated net profit of Rp10.36 trillion last year, inched up 1.8% only from 2014. The Phillip Morris subsidiary, however, reported significantly stronger performance in the fourth quarter of 2015....
Mar 3, 2016 | Industries, Market
PT Siloam International Hospitals Tbk (SILO) booked net profit of Rp70 billion last year, down slightly by 2% from 2014 due to weaker performance in the fourth quarter of 2015. While operating profit grew 8.1% for full year, the hospital suffered 62% fall in the...
Mar 2, 2016 | Industries, Market, News Group, Politics
The Regional Government of Mimika wants PT Freeport Indonesia to build their smelter in Papua. The Mimika Government has sent a letter to President Joko “Jokowi” Widodo asking for Freeport’s smelter to be built in the administrative city of the...
Mar 2, 2016 | Industries, Market
President Joko ‘Jokowi’ Widodo is currently in Sumatra Island to inspect development of infrastructure projects. During the three-day visit, Jokowi has received assurance from state airport management company Angkasa Pura II that expansion of Silangit...
