Chandra Asri’s Q3: Improved, but…

Chandra Asri Petrochemical (TPIA), the largest petrochemical company in Indonesia, booked net profit of US$13.04 million in nine months ended September 30, 2014. It is an improvement compared to net loss of US$5.62 million in the corresponding period of 2013....

Update on the Priok Toll Road Development

The Priok Toll Road project, like many other massive construction project in Indonesia, has been suffering from the problem of land procurement. Stubborn land owners in the Kalibaru area had held back the development of E2 and E2A section of the Priok Toll Road...

Promoting Indonesian Cuisine To The World

Having more than 1,300 ethnicities means Indonesia has a rich food culture. Some of Indonesia’s well-known cuisine—such as the beef rendang from Padang, West Sumatera—has been featured internationally. But for some reason, unlike Thailand and Vietnam, Indonesian...

Update on the Mahakam Block

State-owned oil & gas company PT Pertamina wrote to the Minister of Energy and Mineral Resources (ESDM) Sudirman Said regarding the contract of Total E& P and INPEX Corporation on the management of the Mahakam block that is due to expire in 2017. Pertamina is...

Briefing: Minister of Transportation’s Activities

Minister Ignasius Jonan is one of the cabinet members that many expect to succeed. As the former CEO of the State-Owned Railway Company PT KAI, many believe that Jonan will do a great job as Minister of Transportation. Breakthroughs are expected, but this is a tall...

Jokowi’s Dams

One of President Joko “Jokowi” Widodo’s main program is food self-sufficiency. As a part of that program is ensuring adequate irrigation for farmlands all over Indonesia. This is why Jokowi’s administration is on the aggressive with dam...
Rajawali Group & GIC Partnership in Property

Rajawali Group & GIC Partnership in Property

International media reported on Tuesday that Singapore’s GIC and Rajawali Group, controlled by tycoon Peter Sondakh, have signed a memorandum of understanding to jointly invest up to US$500 million in Indonesia’s property sector.  This is the second...

Sudirman Said & Electricity Projects to Watch

Minister of energy and mineral resources Sudirman Said took only two weeks to amend Regulation No 21/2013 about power plant projects to be built by state-owned PT Perusahaan Listrik Negara (PLN) and independent power producers (IPPs). Sudirman has on November 6, 2014...

Bracing for 2015 Minimum Salary Hike

Governors of 29 provinces all over the nation have set minimum salary for 2015 in their individual areas. Four provinces in the populated areas of Java Island have yet to set the minimum salary, but so far business people have to brace for an average of 12.5% hike...

Update on the Giant Sea Wall Project

Bisnis.com news portal reported earlier today that the Government will continue the Northern Capital Integrated Coastal Development (NCICD) project, otherwise known as the Giant Sea Wall project. The online news portal received confirmation of the news from Donny...
error: Content is protected !!