Sep 29, 2014 | Industries, News Group
The former Minister of Trade Gita Wiryawan had previously stated that Indonesia lost up to 4.5 trillion rupiah per year to pirated films and pirated music. The Government’s approach has been heavy-handed on cracking down the supply side. But it has not been...
Aug 28, 2014 | Industries
We have seen lots of actions at companies controlled by Salim Group, Lippo, Sinarmas, Soeryadjaya, Bakrie, or Rajawali in the past few years, but we rarely heard of significant movements at companies linked to Sjamsul Nursalim (Gajah Tunggal Group) in Indonesia. We’ve...
Aug 21, 2014 | Industries, Market
XL Axiata (EXCL) booked net loss of Rp483 billion in the first half of 2014 against profit of Rp670 billion in the corresponding period of 2013. On the other hand, Tower Bersama Infrastructure (TBIG), which leases tower to XL Axiata, posted net profit of Rp697 billion...
Aug 20, 2014 | Industries, Market
Tower operator PT Sarana Menara Nusantara (TOWR), parent of Protelindo, booked net profit of Rp583 billion in the first half of 2014, jumped by 70.9% from the corresponding period of 2013, thanks to strong sales growth of 28.9% and improved operating profit margins....
Aug 18, 2014 | Industries
West China Cement Ltd sold 8 million tons of cement in the first half of 2014, about two-thirds of Semen Indonesia (SMGR). West China Cement’s sales revenue inched up 1.5% only in the period, while Semen Indonesia posted 12.8% growth. West China Cement has...
Aug 15, 2014 | Industries
Netherland-based chemical company DSM invested US$124 million to build melamine resin plant in Bontang, East Kalimantan few decades ago. Unfortunately, the company ended up like PT Sri Melamine Rejeki, another melamine resin producer linked to state-owned fertilizer...
