Nov 23, 2015 | Industries, Market, News Group
The central bank (Bank Indonesia/BI) claims that the macroeconomic stability has been under control and that the pressure on the economy has weakened this year, compared to last year. The inflation is projected to reach 3% by end of this year. BI predicts 0.13%...
Nov 23, 2015 | Industries, Market, News Group
This morning, Asian shares got off to a slow start this week as a holiday in Japan sapped liquidity, Reuters reported. While Nymex’s crude oil dropped 2.84% to US$39.39 per barrel in Asian trading this morning and gold declined 0.36% to US$1,074 per ounce. The...
Nov 21, 2015 | Industries, Market, Reviews
World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 134 million tonnes (Mt) in October 2015, a -3.1% decrease compared to October 2014, mainly due to 3.1% drop in China’s output. The association also recorded...
Nov 21, 2015 | Industries, Market, Reviews
Apro Financial Co Ltd, a company based in South Korea, acquires 40% shares in PT Bank Andara, a small bank with total assets of Rp1.01 trillion by subscribing new shares issued by Bank Andara. After the subscription, Apro Financial, subsidiary of APRO Services Group,...
Nov 20, 2015 | Industries, Law
Lion Air Pilot Captain Oliver Siburian sued PT Lion Mentari Airlines of Rusdi Kirana for as much as Rp5.4 billion on May this year because his employment was unilaterally terminated by the company. The pilot believed that he was sacked because he refused to operate...
Nov 19, 2015 | Industries, Law
To accelerate the implementation of energy diversification in the form of Fuel Gas (BBG) on November 2, 2015 President Joko “Jokowi” Widodo signed a Presidential Regulation (Perpres) No. 125/2015 to amend the Presidential Regulation No. 64/2012. The BBG...
Nov 19, 2015 | Industries, Law, Politics
The transcript of the meeting between the Speaker of the House of Representatives (DPR) Setya Novanto and PT Freeport Indonesia is the hot item in the press. But details remain vaguely explained. So let’s talk about the chronology of the meetings. April 27,...
Nov 18, 2015 | Industries, Market, Reviews
Sulawesi Island has finally seen its first railway built by the government. About 2 KM of the 165 KM railway connecting Makassar (the capital city of South Sulawesi province) and Parepare (also in South Sulawesi) has been built this week. By next week, 10 KM will be...
Nov 18, 2015 | Industries, Market, Reviews
Soechi Lines (SOCI) is one of companies with strong performance this year. In January-September 2015, its sales revenue grew 14.7%, thanks to 116% jump in revenues from shipyard division, while net profit surged by almost 58% to US$39.4 million. It recently...
Nov 17, 2015 | Industries, Market, Reviews
Hyflux Consumer Products Pte Ltd, subsidiary of SGX-listed Hyflux Ltd, has on Tuesday (Nov 17) entered into a joint venture agreement (JVA) with PT Gunawan Sejahtera for the proposed acquisition of 50% shares in PT Oasis Waters International. Hyflux acquires the...
