Feb 3, 2016 | Industries, Market, News Group
Nymex’s crude oil fell 1.58% to US$31.12 per barrel in Asian trading this morning. While U.S. crude futures closed nearly 6% drop on Monday (Feb. 1). Market players are now concerned over the weak economic data from China, and an OPEC source. Partly because of...
Feb 2, 2016 | Industries, News Group
Indonesian sports enthusiasts are familiar with Nike and Converse of Nike Inc (NYSE: NKE), Adidas and Reebok of Adidas Group (ETR: ADS), and New Balance of New Balance Athletic Shoe, Inc. But not all are familiar with the American brand Under Armour of Under Armour...
Feb 2, 2016 | Industries, Market, Reviews
Three major steel producers in China have issued profit warning announcements on Monday (Feb 1) as the country’s steel industry was plagued by overcapacity, which dragged down prices to below production costs. Expecting more aggressive production cuts to conserve...
Feb 2, 2016 | Industries, Market, News Group
Central Bureau of Statistics (BPS) revealed on Monday (February 1) that January 2016 inflation was 0.51%, compared to 0.96% in December 2015, mostly contributed by staple food (2.2%). While transportation, communication, and financial services recorded a deflation of...
Feb 2, 2016 | Industries, Market, News Group
Asian shares wobbled on Tuesday as crude oil prices slid on rekindled oversupply fears and after downbeat manufacturing data raised concerns about global momentum, Reuters reported. Oil prices declined more than 2% on Monday (Feb 1), hence causing downward pressure on...
Feb 1, 2016 | Industries, Law
The trademark dispute between Prada SA against PT Manggala Putra Perkasa (MPP) continues. The Commercial Court of the Central Jakarta District Court has held the first hearing on the dispute on January 28, 2016. In addition to suing MPP, Prada also included the...
Feb 1, 2016 | Industries, Market, News Group, Politics
On the day of the issuance of the Presidential Instruction (Inpres) No. 1/2016 on the Acceleration of the Implementation of the National Strategic Projects, President Joko “Jokowi” Widodo signed the Presidential Decree (Perpres) No. 3/2016 containing...
Feb 1, 2016 | Industries, Market, Reviews
After being ‘threatened’ to be replaced, minister of land and spatial planning Ferry Moersyidan Baldan, reported significant progress in land acquisition for major infrastructure projects in the country. Optimism is high that the long-delayed projects can...
Feb 1, 2016 | Industries, Market, News Group
PT XL Axiata Tbk (EXCL) reported a double growth in its operating profit in 2015, then it cuts its loss significantly to only Rp25 billion, compared to Rp804 loss in 2014. EXCL said its operating profit jumped 97.9% to Rp3.14 trillion last year, from Rp1.59 trillion...
