Nov 10, 2015 | Industries, Law
The Government announced several policies as parts of the Sixth Economic Policy Package. Among said policies is the issuance of a regulation to monitor the continuation of business operations using groundwater resources. The regulations in question is the Draft of...
Nov 9, 2015 | Industries, Politics, Reviews
Since the implementation of the Trade Minister Regulation Number 6 Year 2015 on the Control and Supervision of the Procurement, Distribution and Sales of Alcoholic Beverages, many Indonesian supermarkets changed the layout of alcoholic beverage shelves, while...
Nov 8, 2015 | Industries, Market, Reviews
Oxley Batam Pte Ltd, subsidiary of SGX-listed Oxley Holdings Limited, has on November 4th, 2015 entered into an agreement with Wyndham Hotel Asia Pacific Co Ltd to manage a Days hotel in Batam Island, Indonesia. Wyndham would be willing to enter into Wyndham’s...
Nov 8, 2015 | Industries, Market, Reviews
Five years ago, SkyBee (SKY) offered 235 million shares in an initial public offering (IPO) at Rp375 per share. In the year of 2010, SkyBee generated net profit of Rp19 billion from sales revenue of Rp553.23 billion. In the following year, it booked net profit of...
Nov 7, 2015 | Industries, Market, Reviews
Indosat, the second largest cellular operator in Indonesia, booked net loss of Rp1.12 trillion in nine months of 2015, expanded by 15.6% from the corresponding period of 2014, but was mostly attributable to Rp1.9 trillion loss on foreign exchange translation. The...
Nov 6, 2015 | Industries, Reviews
In April 2014, Go-Jek was still a small social enterprise, with only 450 motorcycle taxi (ojek) riders catering to customers exclusively in the South Jakarta and Central Jakarta area. Fast forward one year, Go-Jek transformed into a services company with 35,000...
Nov 6, 2015 | Industries, Market, Reviews
Shell has just started commercial operation of its new lubricant factory in Indonesia yesterday. The same day, Clariant, a world leader in specialty chemicals, announced that it has acquired the land in the Java Integrated Industrial & Port Estate (JIIPE) Gresik,...
Nov 6, 2015 | Industries, Market, News Group, Reviews
PT Bank Mayapada Internasional Tbk (MAYA) reported 40.7% growth in profit after attributable to equity to Rp530 billion in the first nine months to September of 2015 period, compared to Rp377 billion profit in the corresponding period of 2014. Interest income jumped...
Nov 6, 2015 | Industries, Market, Reviews
Other than Tanjung Lesung Special Economic Zone (SEZ), Kawasan Industri Jababeka (KIJA) should be benefited from stimulus package for the development of Morotai SEZ in North Maluku province. KIJA develops 1102 hectares of land in Morotai Island (picture below), North...
Nov 6, 2015 | Industries, Market, Reviews
The government has on Thursday (Nov 5) launched the sixth economic stimulus package, particularly designed to boost investments in eight Special Economic Zones (SEZs). They include tax incentives, ownership of property for foreigners, land & property tax, etc. Who...
