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...
Mar 18, 2015 | Industries, Market
Shares of Solusi Tunas Pratama (SUPR), third largest tower operator in Indonesia, collapsed 10.15% Wednesday (Mar 18) but with thin trading volume. The Company booked net loss of Rp380 billion last year against profit of Rp197.6 billion in 2013 due to falling fair...
Mar 18, 2015 | Industries, Politics
Shareholders have appointed new commissioners and directors of PT Bank Negara Indonesia (BBNI) Tbk, and we find it interesting to see Rizal Ramli in the new board. Rizal Ramli is a well-known critic of Jokowi-Kalla’s policies. The shareholders also appointed Ahmad...
Mar 18, 2015 | Industries, Law
Minister of Transportation Ignasius Jonan has gone through quite the number of challenges in the first months of his job. The Minister has had to confront the realities of Indonesia’s management of aviation industry—mitigating the risk of plane crash, reorganizing the...
Mar 17, 2015 | Industries, Market
Shares of Link Net (LINK), cable TV and broadband Internet operator controlled by Lippo Group and CVC Capital Partners, surged almost 6% Tuesday (March 17) to Rp6250 with 74.5 million shares exchanged hands. Looks like that investors were upbeat with LINK’s...
Mar 17, 2015 | Industries, News Group
In relation to the growth of healthy lifestyle trend in Jakarta, we dove into the business of fitness centers and talked briefly about two, well-known fitness centers in Indonesia, namely, the American brand Gold’s Gym and the United Kingdom brand Fitness First....
