Nov 12, 2015 | Industries, Market, News Group
The Lampung floating storage and regasification unit (FSRU) of PT Perusahaan Has Negara (PGN) Tbk (PGAS) have, since two months ago, been a major policy discussion in several elite circles. Lawmakers pointed to a monhtly losses of US$7.5 million due to poor operations...
Nov 12, 2015 | Industries, Law, News Group
The Central Jakarta Commercial Court declared the oil drilling contractor PT Saripari Pertiwi Abadi bankrupt on September 14, 2015. But the company had since refused to accept the ruling, and filed for a cassation. But the bankruptcy process continues. The dispute...
Nov 12, 2015 | Industries, Law
The dispute between PT Jaddi Internasional against PT Hite Jinro continues. Both parties failed to reach an agreement in a mediation process facilitated by the South Jakarta District Court. Jaddi Internasional’s legal counsel Giovani Sinulingga said that even...
Nov 12, 2015 | Industries, Market, News Group
State gas distributor PT Perusahaan Gas Negara (PGN) Tbk (PGAS) reported a 48% drop in net profit to US$306.32 million in first nine months to September of 2015, from US$591.80 million in the corresponding period of 2014. As revenues declined 10.7% to US$2.14 billion...
Nov 11, 2015 | Industries, Market, Reviews
Property developer Alam Sutera (ASRI) was stormed with tough questions surrounding its choice to get USD financing, business strategy, and development of its Garuda Wisnu Kencana (GWK) project in Jimbaran, Bali Island in a meeting with investors and media Tuesday (Nov...
Nov 11, 2015 | Industries, Market, Reviews
Forget about 2015! That’s the statement from Johannes Suriadjaja, CEO of PT Surya Semesta Internusa (SSIA) Tbk, a property developer, EPC contractor, and industrial estate developer, about property and industrial estate this year. Mr Suriadjaja, however, is...
Nov 11, 2015 | Industries, Market, Reviews
Indonesian Cement Association (ASI) confirmed our earlier report about strong sales of cement in domestic market last month. The business association recorded sales volume of 6.37 million tons, grew by 10.7% from October 2014, thanks to strong demand from bulk market,...
Nov 10, 2015 | Industries, Market, Reviews
President Joko ‘Jokowi’ Widodo was initially scheduled to visit Java Integrated Industrial and Port Estate (JIIPE) in Manyar, Gresik, East Java on Tuesday (November 10). JIIPE is developed by state-owned port management company PT Pelindo III and AKR...
Nov 10, 2015 | Industries, Market, Reviews
Food processor PT Sekar Bumi Tbk (SKBM) is among the fast growing food company in Indonesia, whose total assets jumped from Rp500 billion in December 2013 to Rp730 billion as at September 30, 2015. Its sales revenues declined by 10% in January-September 2015, but it...
Nov 10, 2015 | Industries
Lombok of West Nusa Tenggara is known as one of the tourist destinations in Indonesia that offers a wide variety of halal friendly tourism facilities and activities. The city was named the World’s Best Halal Tourism Destination and Halal Honeymoon Destination during...
