Aug 27, 2015 | Industries, Law, Market, Reviews
State-owned company Waskita Karya (WSKT) is now in the process of due diligence for the acquisition of PT Pemalang Batang Toll Road (PBTR), holder of the 39-KM toll road concession connecting Pemalang and Batang in Central Java. Herwidiakto, CEO of Waskita Toll Road,...
Aug 27, 2015 | Industries, News Group
Nine developers were appointed to build subsidized landed houses and flats for the low income group (MBR), and non-subsidized landed houses and flats for non-MBR, in the Bogor Regency of West Java as a part of President Joko “Jokowi” Widodo’s One...
Aug 27, 2015 | Industries, Market, Reviews
South Korean company Shinhan Card Limited has signed agreement to acquire portion of shares in consumer financing company PT Swadharma Indotama Finance from Salim Group for undisclosed considerations. Shinhan Card acquires the shares from PT Indomobil Sukses...
Aug 26, 2015 | Industries, Market
Competition between China and Japan heats up again after Izumi Hiroto, special envoy from Japan Prime Minister, met Indonesian leaders, including President Joko ‘Jokowi’ Widodo Wednesday (Aug 26), days before the government is slated to announce winner of...
Aug 26, 2015 | Industries, News Group, Politics
On August 25, 2015 Vice President Jusuf Kalla led the the meeting to discuss the construction of electrical power transmissions to support the 35,000 MW power program. The construction is planned to commence in September 2015 for the 27,000-kilometer long power...
Aug 26, 2015 | Industries, News Group, Politics
Back in April 2015, President Joko “Jokowi” Widodo launched the One Million Homes program to provide proper and affordable homes for low-income families. In Jakarta, the government will build low-cost apartments (rusunami) for those in the low income group (MBR) and...
Aug 26, 2015 | Industries, Market
Artha Graha Group of Tommy Winata is about to announce a partnership with foreign investor to develop a multi billion USD integrated steel mill in Indonesia. Tommy’s son, who is CEO of the steel company, has met minister of industry Saleh Husin yesterday to...
Aug 26, 2015 | Industries, News Group
BATANG-SEMARANG: The government will re-tender the Batang-Semarang toll road project as the concession holder (PT Marga Setia Puritama) did not extend the collateral of 1% of investment for the toll road management agreement (PPJT). Minister of Public Works and...
Aug 25, 2015 | Industries, News Group
The construction of the second section of the Cinere-Jagorawi (Cijago) toll road is finally moving forward after a decade of delay. The acquisition of land for the project should no longer be a major issue given that around 90% of the land parcels needed for...
Aug 25, 2015 | Industries, Market, Reviews
Toll road connecting Bekasi in West Java province and Cawang & Kampung Melayu in Jakarta, otherwise known as Becakayu, has been planned by Soeharto regime in 90s, but delayed due to Asian financial crisis in 1997-1998. Four successors of Soeharto—BJ Habibie,...
