Feb 17, 2016 | Industries, Market, Reviews
Singapore Airlines currently has market capitalization of S$13.04 billion, while Garuda Indonesia (GIAA) around S$1.25 billion. Garuda is valued 0.9 x equity, while Singapore Airlines at around 1.1 x equity. SQ is now traded with PE multiple 17 on annualized earning...
Feb 16, 2016 | Industries, News Group
If all goes to plan, the Ministry of Environment and Forestry will implement the paid plastic bags initiative in five days, or by February 21. The initiative is a part of “The Declaration Toward Indonesia Waste Free 2020”. It will be launched on the National Waste...
Feb 16, 2016 | Industries
South Kalimantan is known as a diamond producing region in Indonesia. Unfortunately, the province still relies on traditional production methods that yield fair to poor quality diamonds. But a West-Java-based company has just invested around 1 million USD for laser...
Feb 16, 2016 | Industries, Law
The Corruption Eradication Commission (KPK) once again conducted a Caught-In-the-Act operation (OTT) on February 12, 2016 and arrested six people suspected of being involved in briberies related to delays in issuing the copy of verdict of cassation. Three of those...
Feb 16, 2016 | Industries, Law
Although the company stopped operating in 2014, PT Merpati Nusantara Airlines (Persero) (Merpati) has not been able to overcome problems. After various privatization and revitalization plans failed to move forward, Merpati has to face a bankruptcy lawsuit filed by a...
Feb 15, 2016 | Industries, Market
Shares of Astra International (ASII) and Indomobil Sukses International (IMAS) ended lower Monday (Feb 15) as investors responded negatively weak domestic sales of cars last month, which fell 9.9% year-on-year to 84,885 units last month, dropped 9.9% from January...
Feb 15, 2016 | Industries, Market, News Group
On Saturday (February 13, 2016), Agung Satria Susanto, a Jakarta-based Facebook user, posted a note accusing one of Go-Jek’s rider of sexual harassment. A Go-Jek rider named Irwan allegedly groped the sister of Agung’s girlfriend. Agung claimed that the family...
Feb 15, 2016 | Industries, Market, News Group
Rakuten’s website for Indonesia, Malaysia and Singapore posted the following announcement, “We regret to inform you that this marketplace will no longer be available to consumers for new purchases after March 1, 2016. Please note that if you have outstanding...
Feb 15, 2016 | Industries, Law
The bankruptcy dispute between PT Metro Batavia (Batavia Air) and the team of curators administering the Company’s bankruptcy is still ongoing, but the situation may have gotten more complicated. Four of Batavia Air’s shareholders reportedly filed lawsuits...
Feb 13, 2016 | Industries, Market, Reviews
State-owned port management company PT Pelabuhan Indonesia (Pelindo) IV has just kicked off e-procurement tender for the construction of two ports in Jayapura and Manokwari, Papua province this week. They are key components of President Jokowi’s program to...
