Sep 22, 2015 | Industries, Market, Reviews
OKP (Oil & Gas) Infrastructure Pte. Ltd, wholly-owned subsidiary of SGX-listed OKP Holdings Limited, has on September 21, 2015, entered into a joint operation agreement with PT Acset Indonesia Tbk (ACST), subsidiary of United Tractors (UNTR), called ACSET-OKP....
Sep 22, 2015 | Industries, Market, Reviews
World crude steel output in 65 countries reporting to the World Steel Association was 132 million tons last month, down 3% from August 2014, as China, which produces roughly half of the world’s steel output, reported a 3.5% decrease. Japan, the world’s...
Sep 22, 2015 | Industries, Law, Market
Jakarta police has last week arrested Tjindra Johan, owner of PT Garindo Sejahtera Abadi (GSA), reportedly the largest importer of salt. Johan is accused of bribing then director general of international trade at ministry of trade Mr Partogi Pangaribuan to maintain...
Sep 21, 2015 | Industries, News Group
The construction of the Indonesia’s first ever Mass Rapid Transit (MRT) system in Jakarta is underway. We’ve seen substantial progress in line with the success of the Government of the Special Province of Jakarta, under the leadership of Governor Basuki “Ahok”...
Sep 21, 2015 | Industries, Market
The government is upbeat with progress of land acquisition for the 99.2 KM toll road connecting Balikpapan and Samarinda, two major cities in East Kalimantan province. Ministry of public works and housing claims completion of acquisition for 85% of land needed for the...
Sep 18, 2015 | Industries, Market, Reviews
Construction of various infrastructure projects have been started all over the country. But, have they contributed to improvement in the heavy equipment market recently? We summarised Q&A with Djonggi Gultom (marketing director of Hexindo Adiperkasa/HEXA) and...
Sep 17, 2015 | Industries, Market, Reviews
Mitsubishi Corporation and PT Surya Esa Perkasa (ESSA) Tbk have provided US$50.1 million loan to PT Panca Amara Utama (PAU), a company controlled by ESSA currently building ammonia plant in Sulawesi Island. The loan might trigger speculation about future relationship...
Sep 16, 2015 | Industries, News Group
On October 10, 2013, the then Governor of Jakarta Joko “Jokowi” Widodo kicked off the decades-delayed Jakarta Mass Rapid Transit (MRT) project. It was a historic day as the MRT project was a project that five Presidents of the Republic and Jokowi’s predecessors in...
Sep 16, 2015 | Industries, Market, Reviews
Nebras Power, unit of Qatar Petroleum International, has signed agreement with Indonesia’s PT Perusahaan Listrik Negara (PLN) to develop a 500 MW gas-fired power plant in North Sumatra, Gulf Times reported Tuesday. This is part of the government’s efforts...
Sep 16, 2015 | Industries, Law, News Group
The forest fire in Sumatera has yet again affected Indonesia’s neighbors. The good news today is that the Government of Indonesia has been seen taking visible measures to stop the spread of the fire, and to punish those responsible for causing it. As of September 15,...
