Creative Economy: Blok-M Square Painting Center

We’re exploring spaces in Jakarta that have the potential for becoming hubs for creative economy. Earlier this week we went even further into the now trending traditional market, Pasar Santa. Today we’ll go into Jakarta-government-owned, modern retail complex called...
BP-Chandra Asri & Condensate Splitter Project

BP-Chandra Asri & Condensate Splitter Project

PT Chandra Asri Petrochemical Center (TPIA) Tbk, controlled by Barito Pacific Group and Siam Cement Group, has recently signed memorandum of understanding with BP Singapore Pte Ltd for the development of a condensate splitter project with 100,000 barrels per day of...
Panasia, Salim Group & Central Java Cement Project

Panasia, Salim Group & Central Java Cement Project

Shares of Panasia Indo Resources (HDTX) have not been traded by investors for almost one year now even though the company is getting closer to enter the lucrative cement market. At the last quoted price of Rp390, Panasia only has market capitalization of Rp597...

Anhui Conch Starts Entering Cement Market…

After years of speculations, PT Conch South Kalimantan Cement (CSKC), subsidiary China’s Anhui Conch, one of the largest cement producers in the region, has finally commenced commercial production of its cement plant in South Kalimantan, Indonesia. The cement plant...
When Mondrian Enters Express Taxi

When Mondrian Enters Express Taxi

International Finance Corporation (IFC), investment arm of World Bank, has decided to invest in Blue Bird (BIRD), the largest taxi operator in Indonesia, which currently has market capitalization of around US$1.7 billion. Mondrian Investment Partners Ltd, a fund...

Revisiting Pasar Santa

We featured Bambang Sugiarto, the head of Pasar Santa traditional market, several weeks ago to understand the trending traditional market. Since then, we’ve read even more reports about Pasar Santa, especially after the soon-to-be Vice Governor of Jakarta Djarot...

Sekar Group + Seinan Kaihatsu-Nomura

Sekar Bumi (SKBM) has on Monday (Dec 15) signed cooperation agreement with two Japanese companies: Seinan Daihatsu Company Ltd and Nomura Trading Co. The partnership will be engaged in the trading of processed food. Sekar Bumi will hold 51% shares in the joint...

Revisiting Industrial Players: Kedawung Setia

PT Kedaung Setia Industrial (KDSI) Tbk is a small company by market capitalisation (Rp147 billion = US$11.8 million). The company, however, generates sales revenue of above US$100 million per annum.  Like other manufacturing stocks, investors valued KDSI significantly...

Shipyard Industry in East Java Province

The Indonesia Shipbuilding and Offshore Association (IPERINDO) has in its records at least 8 registered major shipyards based in the city of Surabaya of the East Java province.  They are state-owned shipbuilder PT PAL Indonesia and PT Dok & Perkapalan Surabaya; PT...

Coca-Cola Invests US$500 Million in Amatil Indonesia. So?

The Coca-Cola Company (TCCC) has agreed to invest US$500 million into PT Coca-Cola Bottling Indonesia (CCAI), a subsidiary of ASX-listed Coca-Cola Amatil Ltd. According to Amatil’s disclosure to ASX this morning, under the agreement, TCCC will be issued with new...
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