Jun 30, 2015 | Industries, Market, Reviews
Lotte Group might won’t be able to operate 100 outlets of hypermarket in Indonesia by 2018 as targeted few years ago due to difficulties in land acquisition. The group, however, is considered more aggressive than other players, not only in retail but other...
Jun 29, 2015 | Industries, Market
This morning Indonesia’s financial newspaper Investor Daily reported low government spending in the first half of 2015. All ministries and government institutions have only spent less than 10% of the budget on average. The change in some nomenclatures in the...
Jun 29, 2015 | Industries, Market, News Group
American technology company, Uber Technologies Inc., is still under pressure following the arrest of its service providers in Indonesia. Indonesian authorities, in cooperation with the Jakarta Land Transportation Organization and the Jakarta Transportation Department,...
Jun 29, 2015 | Industries, Market
Private equity firm Paine & Partners have on Friday (June 26) announced that it has entered into agreements to sell Icicle Holdings Inc, one of the largest and most diversified seafood companies in North America, to Convergence Holdings Inc and Dominion Catchers...
Jun 26, 2015 | Industries, Market, Reviews
Forget about it! It’s gone! These are common comments from market players when asked about Bakrie Telecom (BTEL), which just released its financials for the period ended March 31, 2015. In the quarter, BTEL booked net loss of Rp1.5 trillion against ‘net...
Jun 26, 2015 | Industries, Market
Rajawali Corpora, investment company controlled by Peter Sondakh, intends to acquire 20-30% shares of Felda Global Ventures (FGV) Holdings Bhd, world’s third largest palm plantation based in Malaysia, following FGV’s intension to buy more shares of PT...
Jun 26, 2015 | Industries, Market
Minister of state-owned enterprises Rini M Soemarno has on June 9th, 2015 approved the deal between state port management company PT Pelindo II and Hutchison Port, owned by Asia’s richest man Li Ka-shing. Hutchison pays only US$250 million to get 49% shares in...
Jun 26, 2015 | Industries, News Group
President Joko “Jokowi” Widodo has reportedly allowed foreign ownership for properties in Indonesia. There’s now the plan to revise the Government Regulation (PP) No. 41/1996, which currently limits ownership of house and residence by foreigners. PP...
Jun 26, 2015 | Industries, Market
PT Indah Kiat Pulp & Paper (INKP) Tbk, unit of Sinarmas Group, builds new tissue paper factory in Riau province with US$100 million of investment. We also anticipate new investments from Salim/Indofood-Oji Holdings and Djarum Group (owner of Bank Central Asia) in...
Jun 25, 2015 | Industries, Politics
The Jakarta operations of Uber Technologies inc. is under police investigation for the suspicion of fraud. Late last week, the Jakarta Land Transportation Organization (Organda DKI), in cooperation with the Jakarta Province Transportation Department (Dishub DKI) and...
