Feb 22, 2016 | Industries, News Group, Profiles
Hijup was established by Diajeng Lestari, the wife of Achmad Zaky who is also the founder of bukalapak.com, in 2011. The company claims to be the world’s first Islamic fashion e-commerce platform. As a marketplace, Hijup sources its products from Indonesian Islamic...
Feb 19, 2016 | Industries, Law
The Supreme Court (MA) has finally granted the petition for cassation filed by PT Tirtobumi Prakarsatama against its partner PT Jasa Marga Tbk (JSMR) related to the disputed extension of the Kebon Jeruk-West Tangerang toll road concession. But this dispute will not be...
Feb 18, 2016 | Industries
Minister of State-owned Enterprises (SoE) Rini Soemarno revealed on Wednesday (Feb. 17) that state investment firm PT Danareksa had been chosen as the holding company for 4 state banks, i.e., Bank Mandiri, Bank Rakyat Indonesia (BRI), Bank Negara Indonesia (BNI), and...
Feb 18, 2016 | Industries, Profiles
When in Bali, you’d see women dressing up in traditional blouse known as Kebaya. These Kebayas are decorated with embroidery called the Krawang lace. One of the companies that produce the Krawang lace is PT Uluwatu. PT Uluwatu is known as a maker of Handmade...
Feb 18, 2016 | Commodities, Industries
Media reported yesterday that Singapore-based ChemOne will be working with Indonesian counterparts in the development of US$1.7 billion methanol plant in East Kalimantan, using coal as feedstock. This is not the first time we read such news. In fact, lots of companies...
Feb 18, 2016 | Industries, Reviews
Sluggish automotive sales and falling export-import in January 2016 were seen as signal of weak state of the economy. State-owned electricity provider PT Perusahaan Listrik Negara (PLN), however, pointed to strong recovery of domestic economic activities. PLN released...
Feb 18, 2016 | Industries, Market
G-Resources Group Limited has finally issued public disclosure about divestment of its interest in the Martabe gold mine, North Sumatra, for US$775 million on Wednesday (Feb 17), higher than the net asset value of the asset, which was US$720.4 million as at June 30,...
Feb 17, 2016 | Industries, News Group
Another player is entering Indonesia’s smartphone market. This time, it’s not a player from China. Russian technology smartphone company, Yota Devices is bringing its world’s first dual screen smartphone to Indonesian. The product was launched at the Russia...
Feb 17, 2016 | Industries, Market, Reviews
Three years ago, a consortium of Garibaldi Boy Thohir and Northstar Pacific acquired 35% shares of PT Hutchison 3 Indonesia from Charoen Pokphand Group for undisclosed considerations. The GSM operator is still considered fourth largest behind Telkomsel, Indosat, and...
Feb 17, 2016 | Industries, Market, Reviews
Mitsubishi used to be third largest car brand in Indonesia. It is now fifth largest behind Toyota, Honda, Daihatsu, and Suzuki. Its sales dropped significantly by 32.5% to 7670 units only in the first month of 2016. Mitsubishi, however, is still major player in the...
