Mar 23, 2015 | Industries
One President Joko “Jokowi” Widodo’s main policy agenda is reaching food-self sufficiency by 2018. The government is set to focus on increasing the production of rice, soybean, corn, sugar and also meat. This is the reason behind the 15.8 trillion rupiah budget for...
Mar 22, 2015 | Industries, Market
Those pay special attention to Indonesian consumer industry might find interesting some facts and figures from financial statement of Indofood CBP Sukses Makmur (ICBP), the consumer branded products’ unit of Indofood Sukses Makmur (INDF), which posted net profit...
Mar 20, 2015 | Industries, Market, Reviews
Shares of flag carrier Garuda Indonesia (GIAA) ended lower by 3.85% to Rp500 Friday (March 20) as investors responded negatively the airline’s performance. Unlike other airlines in the region, Garuda Indonesia reported significantly weaker performance in the...
Mar 20, 2015 | Industries, Market, Reviews
The largest cigarette producer PT HM Sampoerna (HMSP) Tbk, controlled by Philip Morris International Inc, reported 5.9% decline in net profit last year. But, none would complain because HMSP generated net profit of Rp10.18 trillion, representing a return on equity of...
Mar 20, 2015 | Industries, Market, Reviews
Like other groups, subsidiary PT Indofood CBP Sukses Makmur (ICBP) currently has market capitalisation significantly bigger than parent company PT Indofood Sukses Makmur (INDF) Tbk. The gap, however, might be just too big, at least from their performance last year. If...
Mar 19, 2015 | Industries, News Group
The Government of Indonesia is planning to add 30 countries into the list of visa-free countries. Citizens whose country is in Indonesia’s visa-free list would be granted entry for 30 days without the need of an immigration visa. The Government hopes to attract 10...
Mar 19, 2015 | Industries, Reviews
International media reported last year that Quangqing Nickel Industry Co, China, started construction of its 600,000 tons per annum ferronickel project in Morowali, Central Sulawesi with expected commercial operation in early 2016. Progress? It was reported that the...
Mar 19, 2015 | Industries, Market
PT Indocement Tunggal Prakarsa (INTP) Tbk, the second largest cement producer in Indonesia, booked net profit of Rp5.27 trillion last year, slightly smaller than market leader Semen Indonesia (SMGR) at Rp5.57 trillion. INTP’s sales revenue also grew slower than...
Mar 19, 2015 | Industries
PT Petronas Carigali International (Malaysia) won 2 conventional oil and gas working areas. The company won North Madura II block located in Offshore East Java, therein it plans to drill 3 wells, conduct G&G and 2 dimensional seismic study. Petronas also won the...
Mar 19, 2015 | Industries, Market
PT Mandom Indonesia (TCID) Tbk booked net profit of Rp174 billion last year, an increase of 8.9% from 2013. The Company, subsidiary of Japanese consumer giant Mandom Corp, posted sales revenue growth of 13.8%, significantly stronger than its parent. Mandom Indonesia...
