Jan 29, 2015 | Industries, Reviews
In the past three years, the growth of vehicles in Indonesia has been increasing approximately by 10 percent each year. Data from the Central Statistics Agency (BPS) show that in 2013 the number of vehicles in Indonesia reached 104,118,969, a significant jump from...
Jan 29, 2015 | Industries
In March 2006, almost nine years ago, Eramet SA (France) acquired Weda Bay Minerals Inc, developer of Weda Bay nickel project in Halmahera Island, North Maluku province. Almost six years ago, Mitsubishi Corporation acquired a 33.4% interest in Strand Minerals...
Jan 28, 2015 | Industries, News Group
The Ministry of Energy and Mineral Resources (ESDM) has given PT Aneka Tambang Tbk (ANTAM) the greenlight to acquire 10.6 percent of PT Freeport Indonesia (PTFI) by October 2015. PTFI had previously agreed to divest its shares to the Indonesian government in two...
Jan 27, 2015 | Industries
Bakrie Group is one of few companies granted three geothermal concessions in Indonesia under SBY regime. The group, whose subsidiaries have been struggling to survive from piles of debts, however, decided to sell one of the geothermal projects. Raya Group, a company...
Jan 27, 2015 | Industries
How many cards you have in your wallet? Ten? They could be ATM/Debit Card, Visa, Master, Amex, ID Card, Driver’s License, Tax ID, Life Insurance, Discount Cards, Club Membership. Number of cards (smart cards) grow with gadgets you bring everyday, like smartphones,...
Jan 26, 2015 | Industries, News Group
The Government of the Special Administrative Region Jakarta (PEMPROV DKI) have been struggling to improve upon the Capital City’s dilapidated infrastructure. Progress can be seen in some respects—repaving of streets and avenues are notably faster, floods drain...
Jan 23, 2015 | Industries
In the past few years, we’ve seen entry of major business groups in Indonesia’s e-commerce industry. The most recent is PT Surya Internusa (SSIA) Tbk, a company controlled by Suriadjaya Family, which plans to launch travelio.com for online booking of hotels. SSIA,...
Jan 23, 2015 | Industries
PT Freeport Indonesia have finally decided to build their smelter in the area of PT Petrokimia Gresik, Gresik, East Java. The announcement came just days after the Minister of Energy and Mineral Resources Sudirman Said spoke of his disappointment with the mining...
Jan 21, 2015 | Industries
Minister of Energy and Mineral Resources (ESDM) Sudirman Said said that he’s disappointed with PT Freeport Indonesia. The government had signed a Momorandum Of Understanding (MOU) with Freeport for the construction of smelters but to date, the Company supposedly has...
Jan 20, 2015 | Industries
Yangtze Optical Fibre and Cable Joint Stock Ltd, a company listed on the stock exchange of Hong Kong (HKSE) with market capitalization of HK$4.2 billion, has decided to enter Indonesian market. Yangtze (YOFC) has on January 19, 2015 entered into a joint venture...
