Apr 7, 2015 | Industries, Market
Politicians and public at large have more frequently asked Jokowi-Kalla administration to show public field progress of infrastructure projects to justify hikes in fuel prices following significant cut of subsidies. Vice President Jusuf Kalla responded with positive...
Apr 5, 2015 | Industries, Reviews
Remember PT Biak Mina Jaya, which was declared bankrupt in February 2009 after forcing the State to ‘bailout’ US$75 million of bad debts at state bank Exim (later on merged to create Bank Mandiri)? In early 2010, Kontan newspaper reported that the Court...
Apr 5, 2015 | Industries, Law
International media reports about allegation of slavery at PT Pusaka Benjina Resources has irked lots of countries, including Indonesia. US and Europe even threatened to stop importing fish from Indonesia. Who’s behind the Company, which according to Susi...
Apr 4, 2015 | Industries, Market
PT Merck (MERK) Tbk is one of the most profitable healthcare companies in Indonesia, providing both prescription drugs and consumer health (over the counter, OTC). Last year the company posted net profit of Rp181 billion, inched up 3.4% only from 2013, while sales...
Apr 4, 2015 | Industries, Market
Bank MNC International (previously Bank ICB Bumiputera) and Bank Pundi (BEKS) are in the process of merger to create a bank with total assets of around Rp20 trillion. Bank MNC, controlled by Hary Tanoesoedibjo, grew 15.5% last year, mainly because of significant...
Apr 4, 2015 | Industries, Market
PT SmartFren Telecommunication (FREN) Tbk posted net loss of Rp1.38 trillion last year, down 45.6% from Rp2.53 trillion in 2013. With accumulated losses of almost US$1 billion in the past few years, how much more Sinarmas Group should inject to keep SmartFren alive?...
Apr 3, 2015 | Industries, Reviews
Xiaomi has reportedly taken the top spot in China’s smartphone market away from Samsung last year, according to a report from ICT research firm IDC. How about Indonesia’s smartphone market? Worldwide, according to IDC, Xiaomi ended 2014 as fifth largest...
Apr 3, 2015 | Industries, Market
PT TiPhone Mobile Indonesia (TELE) Tbk has taken over number one spot in Indonesia’s ICT retail market last year, thanks to its strong 39.2% growth, way above competitors, Erajaya Swasembada (ERAA) and Trikomsel (TRIO). How come? Erajaya (Erafone) grew 13.5%,...
Apr 1, 2015 | Industries, Reviews
Mayora Indah (MYOR), one of the largest food processing companies in Indonesia, posted net profit of Rp404 billion last year, crashed by almost 60% from 2013 on squeezed margins and higher financial charges. Mayora actually posted strong revenue growth of 17.9% to...
