Mar 10, 2015 | Industries, News Group, Politics
Last week, reports came to surface that 16 Indonesian citizens had gone missing in Istanbul, Turkey since Feb. 24. They were a part of the 25 Indonesian tourists visiting Istanbul on a holiday tour trip arranged by a travel agent, but upon arrival at the Ataturk...
Mar 10, 2015 | Industries
Some men prefer to go to the barbershop—rather than going to a typical beauty salon—for a haircut. This is because barbershops are specialized in male hairstyling. Responding to higher demands, barbershops can now be found in major shopping centers in Jakarta....
Mar 10, 2015 | Industries, Market, Reviews
Holcim Indonesia (SMCB), third largest cement producer in Indonesia, booked net profit of Rp668 billion last year, collapsed almost 30% from 2013, pretty much in contrast to Semen Indonesia (SMGR), which posted 3.6% growth in profit. Payments to SMCB’s parent company...
Mar 9, 2015 | Industries, Market, Reviews
PT Sumber Alfaria Trijaya (AMRT) Tbk, operator of convenience store chain Alfamart, reported net profit of Rp533.54 billion last year, down slightly from Rp538.4 billion in 2014. The Company actually reported strong sales revenue growth of 20% to Rp41.77 trillion, but...
Mar 9, 2015 | Industries, Market
PT Trikomsel Oke (TRIO) Tbk, a major retailer of mobile phones in Indonesia, and Singapore Post (SingPost) have decided to establish a joint venture to tap the growing e-commerce business in Indonesia. Trikomsel will take a 67% stake, while SingPost’s SP...
Mar 9, 2015 | Industries, Market, Reviews
Largest telco player PT Telkom (TLKM) Tbk booked net profit of Rp14.66 trillion last year, inched up 2.4% from 2013 on squeezed margins due to higher operation and maintenance expenses, depreciation and amortisation, and finance costs. Outlook? Telkom reported 8.1%...
Mar 8, 2015 | Industries, Market, Reviews
Yello Digital Marketing, a subsidiary of Yello Mobile, South Korean company, which claimed itself the largest mobile platform in the region, has acquired majority stake in Adplus, a leading adtech company in Indonesia last week. This intensifies competition in the...
Mar 7, 2015 | Industries, Market, Reviews
PT Indonesia Media Televisi (IMTV), subsidiary of Lippo Group’s Multipolar (MLPL), reportedly plans to sell 15% shares through initial public offering (IPO) to raise up to US$100 million. As of today, Multipolar controls 65% shares in IMTV, operator of pay TV...
Mar 6, 2015 | Industries, Reviews
National media quoted Agus Salim Pangestu, son of tycoon Prajogo Pangestu, this morning revealing Barito Pacific Group’s plan to develop a giant 1,000 MW power plant in western tip of Java. We can understand the plan in the context of Barito Group’s...
