Aug 31, 2015 | Industries, News Group
The Jokowi-Kalla administration is trying to speed up the construction of the long-delayed, Rp2.5 trillion railway connecting the Soekarno-Hatta Airport to the Greater Jakarta (Jabodetabek) commuter line. The state-owned railway operator PT KAI claimed that...
Aug 31, 2015 | Industries, Market, News Group
The rupiah strengthened to Rp14,011 against the US dollar. While Bloomberg this morning quoted the rupiah at Rp13,982 per dollar, up 0.06%. Markets are expected to remain volatile this week, as the underlying concerns about a weaker global economic outlook are still...
Aug 31, 2015 | Industries, News Group
The Government of the Special Region of Jakarta (DKI Jakarta), and the Central Government are committed to building the Jakarta Light Rail Transit (LRT) system in concert. On the one hand, this is good news because it shows that the project has political support. On...
Aug 28, 2015 | Industries, News Group
President Joko “Jokowi” Widodo officiated the groundbreaking of the Batang power plant project (PLTU Batang) in Central Java earlier today, as scheduled. There were doubts that the President would attend the groundbreaking ceremony because a sizeable...
Aug 28, 2015 | Industries, Market, News Group
Yesterday (August 27), the Finance Ministry released the Finance Minister Regulation (PMK) Number 159/PMK.010/2015 on the cut on income tax facility (tax holiday). The regulation also expanded the number pioneer industry qualified for tax holiday from five sectors to...
Aug 28, 2015 | Industries, Market, Reviews
Indosat (ISAT) retained its position as second largest telco player behind Telkom (TLKM) with 8.7% growth of revenues in the first half, while closest competitor XL Axiata (EXCL) suffered 3.9% drop of revenues in the period. Indosat also posted operating profit twice...
Aug 28, 2015 | Industries, Market, Reviews
Shares of Adhi Karya (ADHI) jumped 10% Thursday (Aug 27) on broad market sentiment and update of its operations in the first seven months of 2015. Compared to other state owned EPC firms, ADHI dropped the most from its peak so far. The Company’s development in...
Aug 28, 2015 | Commodities, Industries, Market, Reviews
State miner Aneka Tambang (ANTM) booked net loss of Rp396 billion in the first half ended June 30, 2015, but that was 41% lower than the corresponding period of 2014. In the period, ANTM booked sales revenues of Rp7.85 trillion, jumped 97% from the same period of...
Aug 27, 2015 | Industries, Market, Reviews
Shares of Citra Marga Nusaphala Persada (CMNP) surged by 10.8% to Rp1695 Thursday (Aug 27). But, with only 700 shares exchanged hands, the stock might not be an interesting topic to talk about. Still, the toll road operator’s financials tell us different story...
Aug 27, 2015 | Industries, News Group
An open debate between the Coordinating Minister for Maritime Affairs Rizal Ramli with Vice President Jusuf Kalla and several other Ministers, including the Minister of Energy and Mineral Resources Sudirman Said made for a lively political spectacle. One of the topics...
