Oct 15, 2015 | Industries, Market, News Group, Politics
The Governor of Jakarta Basuki “Ahok” Tjahaja Purnama is set to visit the city-state Singapore next week on October 20, 2015. The Governor will spend the night, before returning to Jakarta the following day. While in Singapore, Ahok will give a business...
Oct 15, 2015 | Industries, Market, Reviews
Cement producers reported stronger sales of cement in September, thanks to growing demand for bulk cement from infrastructure and public housing programs. On Tuesday, Oct 13, ministry of public works and housing signed EPC contracts for the development of two more...
Oct 15, 2015 | Industries, Market, Reviews
China Minzhong Holdings Limited (CMZ BVI) and PT Indofood Sukses Makmur (INDF) have on Wednesday (Oct 14) signed a binding memorandum of understanding (MoU) regarding the proposed acquisition of Indofood’s 52.94% shares in China Minzhong Food Corp Limited for...
Oct 13, 2015 | Industries, Market, Reviews
President Joko Widodo has on October 6th, 2015 signed Regulation No 107/2015 about Acceleration of the Development of Jakarta-Bandung Speed Train, assigning state-owned EPC firm PT Wijaya Karya (WIKA) Tbk to lead the consortium of state companies. Implications? The...
Oct 13, 2015 | Industries, Market, Politics, Reviews
Budget Body of the House of Representatives (DPR) has on Monday (Oct 12) approved Rp10 trillion of fresh capital injection for state electricity provider PT Perusahaan Listrik Negara (PLN). The House also approved capital injection of Rp1.25 trillion for state toll...
Oct 12, 2015 | Industries, Market, Reviews
Shares of Astra International (ASII) jumped 5.93% to Rp6700 Friday (Oct 9) on broad market sentiment and news about improvement in automotive market. That means the stock has gained 35% from its recent low. The Company yet to release its September sales data, but its...
Oct 12, 2015 | Industries, Reviews
Ministry of transportation expects construction of 3.9 KM railway connecting Padang city (West Sumatra) and Minangkabau international airport completed as scheduled. The airport will become the second after Kualanamu in North Sumatra connected to existing railway...
Oct 9, 2015 | Industries, Market, Reviews
PT Medco Power Indonesia has reportedly agreed to work with the Philippines-based Aboitiz Power for the development of Ijen geothermal power plant in East Java. Poyry Group, meanwhile, has recently been awarded contract for detail engineering of APRIL Group’s...
Oct 8, 2015 | Industries, Market, Reviews
President Jokowi is expected to kick off construction of 25 l0w-cost apartment towers (36,000 units) developed by PT Agung Podomoro Land Tbk (APLN) this month. The project, located in Cimanggis, Depok, West Java province, is one of those planned to be included in the...
Oct 7, 2015 | Industries, News Group
SKK Migas received the revision for the Plan of Development (PoD) 1 of Abadi Field of the Masela Block from INPEX on September 2, 2015. The revised PoD-1 was subsequently forwarded to the Minister of Energy and Mineral Resources (ESDM) Sudirman Said for approval. To...
