Jul 2, 2015 | Industries, News Group
PT Freeport Indonesia (PTFI) plans to move forward with underground mining and the development of a USD17.5 billion smelter. The government is working on ways to ensure Freeport Indonesia’s plan run as planned. President Joko “Jokowi” Widodo together...
Jul 2, 2015 | Industries, Market, Reviews
China Development Bank (CDB) has on June 30, 2015 signed an agreement with PT Smart Telecom, subsidiary of PT SmartFren Telecom (FREN) Tbk, to provide US$300 million of financing. The 8-year loan facility will be used to finance capital expenditures for the...
Jul 1, 2015 | Industries, Reviews
State-owned toll road operator PT Jasa Marga (JSMR) Tbk has finally started the selection of contractors for the long-delayed Solo-Kertosono toll road project in Central Java. State-owned airport management company PT Angkasa Pura II Tbk, meanwhile, has appointed...
Jul 1, 2015 | Industries, Market, News Group
Late Tuesday (June 30), Greece officially missed roughly $1.7 billion loan repayment to the International Monetary Fund, a first for an advanced economy. US President Barack Obama then gave the warning that an unfolding Greek financial crisis could have a...
Jul 1, 2015 | Industries, Reviews
PT Bank Rakyat Indonesia Agroniaga (AGRO) TBk, subsidiary of state bank BRI (BBRI), has on Friday (June 26) signed an agreement to acquire land and building otherwise known Oleos 1 in TB Simatupang area, South Jakarta for Rp138 billion. Oleos 1 sits over 3066 square...
Jun 30, 2015 | Industries, Market
Tomorrow, July 1, 2015, the mandatory Rupiah transaction is applied to both cash and non cash transactions. The new policy also requires prices of goods and services in Indonesia to be specified only in Rupiah. This policy is set on the Bank Indonesia Regulation...
Jun 30, 2015 | Industries, Market, Reviews
Development of trans-Java toll road has progressed further with the awards of EPC contracts to build Section III (17.6 KM) of Semarang-Solo toll road connecting Bawean and Salatiga in Central Java recently. State-owned toll road operator Jasa Marga (JSMR), meanwhile,...
Jun 30, 2015 | Industries, Market
Blibli.com claims to be the first Indonesian online shopping mall. The business was established in 2010 but it didn’t take off until July 25, 2011. Blibli.com is currently operated by PT Global Digital Niaga, the subsidiary of PT Global Digital Prima Venture (GDP...
