Dec 21, 2015 | Industries, Market, News Group, Reviews
The Coordinating Minister for the Economy Darmin Nasution discussed the eighth economic policy package with President Joko “Jokowi” Widodo on Friday last week (Dec. 18). The package could be announced later today (Monday). Darmin previously said that one...
Dec 21, 2015 | Industries, Market, News Group, Politics
The National Police’s counter terrorism squad, Detachment 88, otherwise known as Densus 88, arrested six suspected terrorist over the weekend in West Java, Central Java and East Java. The group are reportedly affiliated with the Islamic State of Iraq and the...
Dec 20, 2015 | Industries, Market, Reviews
B. Braun Meisungen AG is one of the world’s leading manufacturers and suppliers of healthcare products. The Germany company is now on its way to expand Indonesian operations with the construction of a large volume parenteral (LVP) manufacturing plant. According...
Dec 20, 2015 | Industries, Market, Reviews
PT Humpuss Transportasi Kimia (HTK), subsidiary of PT Humpuss Intermoda Transportasi (HITS) Tbk—controlled by Tommy Soeharto, has just secured a 7-year contract from PT Pelindo Energi Logistik, a company co-owned by state-owned port management company Pelindo...
Dec 18, 2015 | Industries, Market, Reviews
Some believe thermal coal production cuts won’t help much in supporting prices from falling deeper as long as there is no sign of recovery in demand. Still, further production cuts might eventually rebalancing the seaborne market. United States of America, for...
Dec 18, 2015 | Industries, Market, Reviews
Global private equity firm Carlyle Group has injected around US$150 million in the past three years to get and maintain 25% ownership in telco tower company PT Solusi Tunas Pratama (SUPR) Tbk. At the current price, market value of Carlyle’s investment in SUPR is...
Dec 18, 2015 | Industries, Market, News Group
The Ministry of Transportation released a shocking announcement yesterday (Dec. 17). Personal vehicles are not allowed to be used for public transportation. As such the Ministry declared a ban on Go-Jek, GrabBike, Uber, GrabCar, Ladyjek, Bluejek, and other business...
Dec 18, 2015 | Industries, Market, News Group
Despite pressures from the political arena and the business community, controlled inflation, and the positive reaction of Indonesian assets to the Federal Reserve’s 0.25 percentage point interest rate hike on Wednesday (December 16), the central bank (Bank...
Dec 17, 2015 | Industries, Law
One of the creditors of PT Effendi Textindo, Ngudi Tri Lestari, filed a lawsuit against the former’s bankruptcy curators. Ngudi Tri Lestari supposedly found defects on the asset auction process that caused the creditor losses. In addition to suing the curators,...
Dec 17, 2015 | Industries, Market, Reviews
Ministry of public works and housing has on Wednesday (Dec 16) signed EPC contract for Musi IV Bridge in South Sumatra province with state-owned firm PT Adhi Karya (ADHI) Tbk. Construction of the 1130-m bridge has long been delayed due to land acquisition issues. ...
