Jan 14, 2016 | Industries, Market, Reviews
Two private equity firms and their respective global insurance partners are now waiting final decision from Bank Rakyat Indonesia (BBRI) to become strategic partner in life insurance company PT Asuransi Jiwa Bringin Jiwa Sejahtera (Bringin Life). One global private...
Jan 14, 2016 | Industries, Market, Reviews
Indonesian Toll Road Authority (BPJT) has been reviewing six new toll road projects proposed by investors including the so-called Jakarta-Cikampek II toll road, which has recently been approved by minister of public works and housing. BPJT head Herry Trisaputra Zuna...
Jan 14, 2016 | Industries, Market, News Group
Nymex’s crude oil rose 0.9% to US$30.75 per barrel in Asian trading this morning, while the US Energy Information Administration (EIA) forecast brent crude oil prices at an average of $40 per barrel in 2016 and $50 barrel in 2017. Forecast West Texas...
Jan 14, 2016 | Industries, Market, News Group
Major Asian stock markets tumbled on Thursday morning, following a massive sell-off on Wall Street overnight due to concerns over a global economic slowdown and low oil prices, Cnbc.com reported. Energy plays in Asia traded mostly lower, with Santos down 7.88%,...
Jan 13, 2016 | Industries, Law, Market, News Group
The Government finally issued the amendment of the regulation on rights to ownership of a residential by foreigners through Government Regulation (PP) No. 103/2015. The amendment is expected to provide legal certainty, not only for foreigners but also for Indonesian...
Jan 13, 2016 | Industries, Market, Reviews
Jokowi-Kalla administration plans to kick off yet another ambitious infrastructure project, i.e. development of water pipeline to 10 million homes, in April. This is actually not a new program. In fact, Jokowi’s predecessor SBY issued Regulation No 29/2009 about...
Jan 13, 2016 | Industries, Market, News Group
The Ministry of Environment and Forestry will implement an initiative to limit the usage of plastic bags. They’re targeting customers of modern retail. The initiative, which is a part of “The Declaration Toward Indonesia Waste Free 2020”, will be launched on the...
Jan 12, 2016 | Industries, Law, News Group
PT Wirajaya Packindo’s Suspension of Debts Payment (PKPU) process must now be extended for another 60 days after its potential investor PT Leyand International Tbk (LAPD) reportedly withdrew its intent. Wirajaya Packindo is now forced to look for a new...
Jan 12, 2016 | Industries, News Group
The growth of healthy lifestyle was followed by the creation of smartwatch with physical activity tracking functions. Users of the smartwatch can view their daily steps, their heart rate, and calories burned. Various studies, however, have shown that these tracking...
Jan 12, 2016 | Industries, Market, Reviews
Indonesia will be hosting the 18th Asian Games in 2018. The last time Indonesia hosted the largest regional sport event was in 1962 when Soekarno was the president. As you know, the 1962 Asian Games gave Indonesia its largest stadion, which is now called Bung Karno...
