Dec 3, 2015 | Industries, Law, News Group
Eight months have passed since the High Prosecutor of Jakarta (Kejati Jakarta) began the investigation into the Rp230 billion credit facility Bank DKI gave to PT Likotama Harum and PT Mangkubuana Hutama Jaya. On December 2, 2015, the Kejati Jakarta finally named 3...
Dec 3, 2015 | Industries, Market, Reviews
Physical construction of the light-rail-transit (LRT) in Palembang, South Sumatra has been started this week, just one month after President Joko ‘Jokowi’ Widodo assigned some state companies to build the project. Construction of LRT in the greater Jakarta...
Dec 2, 2015 | Industries, Market, Reviews
PT Semen Indonesia (SMGR) Tbk, the largest cement producer in Indonesia, claimed yet another strong sales last month, pushing the Company to run its factories at full capacity. Infrastructure projects and the One Million Homes program are expected to drive further up...
Dec 2, 2015 | Industries, News Group
Crowdfunding platforms—websites through which individuals or groups can raise funds for a cause or for creative enterprises—are slowly gaining popularity in Indonesia. Though not many of them are out there, the fact that Indonesia has its own version of crowdfunding...
Dec 2, 2015 | Industries, Market, Reviews
Multi Bintang Indonesia (MLBI), market leader in the beer industry, reported significantly stronger performance in the third quarter. It booked net profit of Rp174 billion, almost equal to the profit recorded in the first six months of the year. Has the Company worked...
Dec 2, 2015 | Industries, Market, News Group
Market observers might expect the central bank (Bank Indonesia/BI) to lower its benchmark BI Rate from the current level of 7.50% as inflation has reached its lowest in the past 5 years. BI Rate has been maintained for ten consecutives months since March 2015....
Dec 1, 2015 | Industries, Law, News Group
PT Super Makmur and its sister company PT Super Eximsari Ltd can breathe a sigh of relief. The Commercial Court in the Central Jakarta District Court approved the two companies’ request to extend the time limit for their Suspension Of Debt Payments (PKPU). In the...
Dec 1, 2015 | Industries, Market, Reviews
Indonesia has taken European Union (EU) to the World Trade Organisation (WTO) for anti-dumping measures against fatty alcohol export from Indonesia. First substantive meeting has been started in Geneva, Switzerland last week. What is the state of Indonesia’s...
Dec 1, 2015 | Industries, Market, News Group
The Ministry of Energy & Minerals Resource (ESDM) took measures to cut gas prices for the industrial sector. Minister for ESDM Sudirman Said expects national gas price to decline by 30%. Minister Sudirman told the press that lower gas prices would prompt new...
