Jun 25, 2015 | Industries
The Japan Bank for International Corporation (JIBC) has recently signed a loan agreement worth US$17.5 million with PT Roki Indonesia to support the Japanese company’s expansion of automobile parts production facility in West Java, Indonesia. “ROKIID, a...
Jun 24, 2015 | Commodities, Industries, Market
Apexindo Pratama Duta (APEX) is one of oil and gas supporting services companies servicing the giant Mahakam Block in East Kalimantan. Unlike others, APEX reported revenue growth of 5.7% in the first quarter of 2015. Its net loss, however, ballooned 322%. At the...
Jun 24, 2015 | Industries, Market, News Group
Some big insurance companies intend to acquire local insurance companies. There is great expectation that the market for insurance would grown in line with the growth of Indonesia’s middle class. Tune Insurance Holdings Bhd from Malaysia has proposed to acquire...
Jun 24, 2015 | Industries, Law, Politics
Minister of fisheries and marine affairs Susi Pudjiastuti has revoked fisheries business license (SIUP) of four companies: PT Pusaka Benjina Resources, PT Dwi Karya Reksa Abadi, PT Mabiru Industries, and PT Maritim Timur Jaya. They are found guilty of committing...
Jun 23, 2015 | Industries, Reviews
State-owned oil and gas company PT Pertamina is confident that construction of the Sambu and Tanjung Uban Integrated Fuel Terminal built with US$156 million can be completed on schedule for second half of 2016. Other infrastructure projects in this report: Jakarta...
Jun 23, 2015 | Industries, Market
PT Panca Amara Utama, subsidiary of PT Surya Esa Perkasa Tbk, has awarded the EPC contract for its US$830 million ammonia plant in Sulawesi Island to PT Rekayasa Industry, replacing the consortium of Toyo Engineering Corp and PT Inti Karya Persada Tehnik. The EPC...
Jun 23, 2015 | Industries
After getting crushed, falling by more than 1%, on Monday morning (June 22), Gold rose 0.23% to US$1,186.80 per ounce this morning. It’s now back below the key $1,200 level that it crossed on Thursday last week, following the Federal Reserve’s monetary...
Jun 22, 2015 | Industries, Reviews
Would be too naive to focus on competition between China and Japan in Indonesia’s infrastructure projects. Never underestimate the South Koreans! Two South Korean companies, Samsung C&T Corp and Lotte E&C Co Ltd, for example, have been awarded EPC...
Jun 22, 2015 | Industries, Reviews
Six groups are reportedly competing to build the giant Java-5 power plant with design capacity of 2×1000 MW. This is one of major projects under the ambitious 35,000 MW program launched by President Jokowi few months back. The groups are all heavyweights in the...
Jun 22, 2015 | Industries, Reviews
President Jokowi visited shipyard of PT Anggrek Hitam in Batam Island, Riau Islands province, on Sunday (June 21). He was accompanied by some cabinet members, including Puan Maharani, who is also daughter of fifth president Megawati Soekarnoputri. Little that we know...
