Feb 27, 2015 | Industries, Market, Reviews
The bell weather Astra International (ASII), which has interests in various industries, booked net profit of Rp19.18 trillion last year, down slightly by 1.3% due to a combination of impairment loss on mining properties of Rp2.74 trillion and higher operating costs....
Feb 26, 2015 | Industries, Market, Reviews
United Tractors (UNTR), subsidiary of Astra International engaged in the heavy equipment, coal mining contracting, and coal production, booked net profit of Rp5.37 trillion last year, grew 11.1% from 2013 even though sales revenue grew only 4.2%, while operating...
Feb 26, 2015 | Industries, News Group
According to the 2014 Digital Music Report compiled by the International Federation of the Phonographic Industry (IFPI), the revenue of the digital music industry went up 4.3 percent to US$ 5.9 billion in 2013 from US$ 5.6 billion in 2012. The Report also claimed that...
Feb 26, 2015 | Commodities, Industries, Market
In October 2012, Sinopec kicked off construction of Batam Oil Storage Project in the West Point Industrial Park, Batam Island, Riau Islands province. The storage is designed to handle 2.6 million m3 of crude oil and oil products. How about other projects? The West...
Feb 26, 2015 | Industries, Market, Reviews
Shareholders of cigarette producer PT Bentoel International (RMBA) Tbk, controlled by British American Tobacco, have recently agreed to receive Rp6.7 trillion of loans from Rothsman Far East to refinance loans from Deutsche Bank AG, HSBC, and Citibank. To understand...
Feb 26, 2015 | Industries, News Group, Reviews
Yesterday, we briefly profiled three of the most popular mobile taxi-booking applications for smartphones, i.e., GrabTaxi, Uber and Go-Jek. Today we’re going to talk about what the customers think about them. Nataya Naia, a Jakarta-based fashion designer, told us on...
Feb 26, 2015 | Industries, Market, Reviews
SGX-listed chocolate producer Petra Foods Ltd is a company with market capitalization of S$2.5 billion. The Company reported lower sales revenue of 0.9% to US$503.98 million last year, of which Indonesia contributed almost 73% of the total revenues. Petra Foods,...
Feb 25, 2015 | Industries, Reviews
Ask everybody developing e-commerce sites, including the big boys, they would likely mention the name of Alibaba.com. Lippo Group, for example, said it invests US$500 million in e-commerce site MatahariMall.com to become Indonesia’s Alibaba. John Riady, director...
Feb 25, 2015 | Industries
Many transportation companies have developed their own mobile service application to respond to the growth of smartphone users. These mobile applications aim to better the access to service to the customers. Aside from making booking service easy, some of the apps...
Feb 25, 2015 | Industries, Market, Reviews
On November 20, 2012, Asia Systems Ltd, controlled by Indonesian-based private equity firm Northstar Pacific acquired 50.05% shares of SGX-listed company Nera Telecommunications Ltd for S$88.76 million. Through mandatory tender offer, Asia Systems Ltd managed to grow...
