Dec 23, 2015 | Industries, Market, Reviews
United Tractors (UNTR), subsidiary of Astra International (ASII), has joined Sumitomo Corporation and Kansai Electric Power in the expansion of Tanjung Jati B coal-fired power plant. This strengthens Astra International’s position in the country’s...
Dec 23, 2015 | Industries, Market, Reviews
Ministry of energy and mineral resources will kick off construction of gas pipeline connecting 85,000 households in five cities (city gas infrastructure) with Rp1.33 trillion of funding from the State Budget 2016. Other than lifting consumption of gas pipeline, the...
Dec 23, 2015 | Industries, Market, Reviews
Voksel Electric (VOKS), the second largest cable producer listed on Indonesia Stock Exchange (IDX), has set an ambitious growth target of 50% next year, banking on faster development of the government’s 35,000 MW program. Ministry of public works and housing,...
Dec 23, 2015 | Industries, Market, News Group
Asia shares edged higher on Wednesday following a modest bounce on Wall Street, while the dollar drifted lower and the slump in oil prices paused if only for a day, Reuters reported. The composite index of the Indonesia Stock Exchange gained 0.6% to close at 4517...
Dec 22, 2015 | Industries, Market, News Group
The Indonesian rupiah is strengthening remarkably against the US dollar on Monday (Dec. 21) despite expectation that the rupiah will become the worst-performing Asian currency in 2016 on capital outflows (amid more US interest rate hikes planned for 2016),...
Dec 22, 2015 | Commodities, Industries, Market, Reviews
Looks like that investors in metals-related shares should wait longer to see recovery in metal prices. World crude steel production for the 66 countries reporting to the World Steel Association, responsible for 85% of the world’s steel production, was 127...
Dec 22, 2015 | Industries, Market, News Group
On Monday (Dec. 21), the government unveiled its eighth economic policy package, with the aim to speed up oil refinery construction, standardize land-mapping (one map policy), and provide incentives for the aviation industry. Cabinet Secretary Pramono Anung said that...
Dec 21, 2015 | Industries, Market, Reviews
PT Medco Energi Internasional (MEDC) Tbk and its subsidiary PT Medco Energi Nusantara have signed an agreement to acquire 51% shares of PT Api Metra Graha, owner of The Energy office tower at Sudirman Central Business District Jakarta for US$166.84 million. MEDC...
Dec 21, 2015 | Industries, Market, Reviews
Skyworth Digital Holdings Limited, a company listed on the stock exchange of Hong Kong (HKSE), has entered into the share purchase agreement in relation to the acquisition of the entire equity interest in PT Toshiba Consumer Products Indonesia. Skyworth said the base...
Dec 21, 2015 | Industries, Market, News Group, Profiles
Socieaty is a new restaurant located in the First Floor of the Plaza Indonesia shopping center in Central Jakarta. The restaurant was opened in September earlier this year. Socieaty offers all-day dining with a combination of Asian and European influence in their...
