Jan 20, 2015 | Industries
Leading retail food brand manager and franchisor, Retail Food Group Limited, has become one of significant players in Indonesian F&B market with the acquisition of global business and intellectual property assets of Gloria Jean’s Coffees for a total...
Jan 18, 2015 | Industries
Keppel Land Limited has signed a conditional agreement to secure a 4.6-hectare site for approximately Rp381.9 billion (approximately S$40.2 million) in West Jakarta. Keppel agrees to pay around Rp8.3 million per m2. Keppel Land said Sunday (January 18) that it will...
Jan 17, 2015 | Industries
KLN Singapore, a wholly-owned subsidiary of HKSE-listed Kerry Logistics Network Limited, and PT Puninar Saranaraya, one of the largest logistics service providers in Indonesia, have agreed to form a joint venture. This is an interesting venture to watch in the context...
Jan 16, 2015 | Industries
Four years ago, PT Yudistira Energy acquired PT Gasuma Federal Indonesia (GFI), which operates liquefied petroleum gas (LPG) plant in East Java province, from SGX-listed Federal International (2000) Ltd. Who’s behind Yudistira Energy? GFI was established in...
Jan 16, 2015 | Industries
Minister of Energy and Mineral Resources (ESDM) Sudirman Said told journalists that his team has not yet reached any agreement with regards to crude procurement from Sonangol EP. When asked to comment on the prospect, Minister Sudirman said he had nothing to say...
Jan 15, 2015 | Industries
Wilmar International Ltd, one of the fastest growing players in the world’s oleochemical market, is reportedly working on acquisition of oleochemical company in Indonesia, which reportedly is under financial pressures. Our source in the oleochemical industry...
Jan 15, 2015 | Industries, News Group
Governor of Jakarta Basuki “Ahok” Tjahaja Purnama told journalists earlier this week that he will not continue the development of monorails in Jakarta with PT Jakarta Monorail (PTJM). Ahok’s team is still developing an official letter for PTJM. The...
Jan 15, 2015 | Industries, News Group
President Joko “Jokowi” Widodo has been known as a down to earth government official ever since he was still serving as the Mayor of Surakarta in Central Java. And today, as President of the Republic, Jokowi still maintains his mostly casual dress code with plain...
Jan 15, 2015 | Industries
After years (or decade) of delay, Central Kalimantan governor Agustin Teras Narang, a politician from PDIP, has on Wednesday (Jan 14), kicked off construction of the US$5.48 billion railway project with PT Perkeretaapian Tambun Bungai (PTB), a joint venture between...
Jan 14, 2015 | Industries
PT Kaltim Methanol Industri (KMI), a joint venture between Nissho Iwai Corp and Humpuss Group, plans to invest additional US$800 million for a new methanol plant. Future of this project, however, will likely be similar with other giant petrochemical projects planned...
