ADB Projects 5% Economic Growth for Indonesia

Jul 8, 2015 | Industries, Market

The Asian Development Bank (ADB) cuts its projection over the Indonesian economic growth further down to 5% this year, from previous 5.5% projection. The Bank cites lower than expected government spending on infrastructure projects as one of the main reasons for the...

New Equity to Watch: Anabatic (ATIC)

Jul 8, 2015 | Industries, Market

PT Anabatic Technologies (ATIC) Tbk kicks off trading of its shares on Indonesia Stock Exchange (IDX) Wednesday (July 8) after completing the initial public offering (IPO) of 375 million shares at Rp700 per share. The IT company starts the trading with market...

Toronto Diners Getting Familiar with Indonesian Cuisine

Jul 7, 2015 | Industries

Little Sister is an Indonesian Food Bar in Toronto, Canada. It was first established by Michael van den Winkel and Jennifer Gittins. Both have been running restaurant business in Toronto for more than 15 years. Little Sister was launched in June 2014. The restaurant...

The Default of CNR Holdings & Indonesian Projects

Jul 7, 2015 | Commodities, Industries, Market

China Nickel Resources Holdings Co Ltd revealed on Monday (July 6) that it has failed to repay US$12.5 million of principal facility to CITIC Bank. The bank, accordingly, has lodged its claims against the covering stand-by letter of credit issued by China CITIC Bank...

New Equity to Watch: Garuda Metalindo (BOLT)

Jul 7, 2015 | Industries, Market

PT Garuda Metalindo (BOLT) Tbk kicks off trading of its shares on Indonesia Stock Exchange (IDX) Tuesday (July 7) after launching an initial public offering (IPO) of 468.75 million shares at Rp550 per share. The Company starts the trading with market capitalisation of...

Proposed Licensing Simplification for the Construction of Buildings

Jul 7, 2015 | Industries, Law

The Investment Coordinating Board (BKPM) is committed to improving Indonesia’s business climate. Ease licensing is BKPM’s focus. The board has proposed two changes on building construction licensing regime to the Ministry of Public Works and Public Housing...

Oil & Gas Journal

Jul 6, 2015 | Industries

Indonesia Crude Price (ICP) went down to US$59.4 per barrel in June 2015, lower than US$61.86/barrel in May 2015, due to the increase in OPEC’s oil inventory and US’ distillate fuel and gasoline inventory. The increase of crude oil export from Iran also...

Infrastructure Projects Update

Jul 6, 2015 | Industries, Reviews

State-owned electricity company PT Perusahaan Listrik Negara (PLN) plans to sign one power purchase agreement (PPA) this month, which would be followed by 30 others under the 35,000 MW program. State-owned oil and gas company Pertamina, meanwhile, plans to build 907...

Logistics and e-commerce

Jul 3, 2015 | Industries

Hadi Kuncoro, the former vice president at Rocket Internet Gmbh, talked about logistics and operations management role in the e-commerce industry. Hadi sees e-commerce as mainly a supply chain business model, using the internet as a medium. The success of e-commerce...

Reviving Urumuka Hydropower

Jul 3, 2015 | Industries, Reviews

President Joko ‘Jokowi’ Widodo urged PT Freeport Indonesia to immediately start construction of Urumuka hydropower in Papua province, which could become the largest hydropower plant in Indonesia.  Minister of energy and mineral resources Sudirman Said...