Feb 26, 2016 | Industries, Market, Reviews
Astra International (ASII) posted net profit of Rp14.46 trillion last year, dropped by 24.7% from 2014 due to downfall of its agribusiness, heavy equipment & mining, and financial services segments. Agribusiness segment suffered the most with 75% fall, while heavy...
Feb 25, 2016 | Industries, Law
In the Plenary Session held on February 23, 2016, the House of Representatives (DPR) agreed to enact the Law on Public Housing Savings (UU Tapera). The Minister of Public Works and Public Housing (PUPR) Basuki Hadimuljono represented the President and delivered a...
Feb 25, 2016 | Industries, Reviews
Dubai Port World had formally expressed its intention to extend partnership with state-owned port management company Pelindo III in PT Terminal Petikemas Surabaya (TPS), which operates container port in Tanjung Perak, East Java, early last year. Decision, however, has...
Feb 25, 2016 | Industries, Market, News Group
The government plans to launch the eleventh economic policy package next week as a part of the efforts to better Indonesia’s standing in the Ease of Doing Business rating created by the World Bank. The policies of the eleventh package would include the...
Feb 25, 2016 | Industries, Market, News Group
The Investment Coordinating Board (BKPM) attracted US$490 million in investment from South Korea, consisting of investment in solar power energy of 50 megawatts (MW) in Medan with the value of US$250 million, investment in the component industry worth US$10 million,...
Feb 25, 2016 | Industries, Market, News Group
National banks booked a combined net profit of Rp132.25 trillion in 2015—a 7.22% decline from Rp142.76 trillion in 2014. The banks under BUKU 3 category (with core capital of Rp5-30 trillion) suffered a 33.1% drop in net profit last year, to Rp15.71 trillion from...
Feb 24, 2016 | Industries, Market
State-owned port management company PT Angkasa Pura II has just secured Rp2.1 trillion of new loans from three state banks (Bank Mandiri, BRI, and BNI) to finance development of airports in western part of the country. Angkasa Pura II, which operates 13 airports,...
Feb 24, 2016 | Industries, Market
Coal producer PT Indo Tambangraya Megah Tbk (ITMG) reported a 68.6% drop in net profit to US$63.1 million in 2015, compared to US$200.97 million in 2014. Revenues declined 18.2% to US$1.59 billion from previous US$1.94 billion. Operating profit fell 18.2% to US$193.58...
Feb 24, 2016 | Industries, Law, Market
The trial conducted by the Business Competition Supervisory Commission (KPPU) to examine allegations of cartel practices involving 32 feedlots is still ongoing. That, the KPPU has been accused of being suspiciously selective in their process. The accusation was...
Feb 24, 2016 | Industries, Market, Reviews
World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 128 million tons in January 2016, declined by 7.1% from January 2015, indicating further consolidation in the industry. For a comparison, world crude steel...
