Jan 22, 2016 | Industries, Market, Reviews
Financial market turmoil and domestic economic slowdown didn’t stop companies from investing more for future growth here. The Indonesia Investment Coordinating Board (BKPM) reported Thursday (Jan. 21) that the realized investment in 2015 grew by 17.8% to Rp545.4...
Jan 21, 2016 | Industries, News Group, Politics
The Indonesian government will launch the national electronic commerce (e-commerce) roadmap at the end of this month January. The e-commerce roadmap consists of 31 initiatives that expected to help boost the growth of the country’s e-commerce industry—that is...
Jan 21, 2016 | Industries, Market
President Joko Widodo is scheduled to kick off physical construction of the US$5.5 billion Jakarta-Bandung high speed train this morning despite criticism surrounding the feasibility study and environmental impact analysis. Cabinet secretary Pramono Anung dismissed...
Jan 21, 2016 | Commodities, Industries, Market, Reviews
Some nickel producers have actually cut output since last year. Nickel prices, however, fell closer to US$8,000 ton before regaining ground to close at US$8680 this week. Longer weak price of the metal might force more producer to cut output. Some expect this would...
Jan 21, 2016 | Industries, News Group
Nymex’s crude oil fell 5.97% to US$26.76 per barrel in Asian trading this morning, the lowest in past 12 years amid concern over global economic downturn expectation, China economic slowdown, and growing supply side. Persistent oversupply, bloated inventories...
Jan 20, 2016 | Industries, Market, News Group
Asian share markets slipped early Wednesday as a relentless slide in oil prices wiped out an attempted rally on Wall Street and dealt a fresh blow to risk appetite, Reuters reported. U.S. crude wallowed at its lowest since 2003 after the world’s energy watchdog...
Jan 19, 2016 | Industries, News Group
After bringing CNN to Indonesia, PT Trans Media Corpora of CT Corp is now to bring another American television news channel CNBC of NBC Universal to Indonesia. The partnership was signed in Jakarta between Mark Hoffman, the chairman of CNBC and Chairul Tanjung, the...
Jan 19, 2016 | Industries, Law, News Group
PT Wirajaya Packindo is officially bankrupt. The bankruptcy status should be accepted since the petition for an extension of time on the process of Suspension of Payment (PKPU) filed by the company was rejected by the creditors. We previously reported that Wirajaya...
Jan 19, 2016 | Industries, Market, Reviews
One conglomerate has reportedly signed memorandum of understanding with another Indonesian conglomerate to acquire one TV station. Lippo Group, meanwhile, has boosted investment in one newspaper through conversion of debts. Our source said Mayapada Group, owned by...
Jan 19, 2016 | Industries, Market, News Group, Profiles
In partnership with three Indonesian telecommunication providers—Telkomsel of PT Telekomunikasi Indonesia Persero Tbk (IDX:TLKM), PT XL Axiata Tbk (IDX:EXCL) and PT Indosat Tbk (IDX:ISAT)—Alphabet Inc (nasdaq:GOOG) will launch the trial of Project Loon to distribute...
