Feb 4, 2014 | Business, Industries
The management and distribution of clean water in Jakarta has been handled by PT PAM Lyonnaise Jaya (PALYJA) and PT Thames PAM Jaya (TPJ) since 1998 — the move known as the privatization of Jakarta water management. Both companies, however, have not been able to...
Jan 29, 2014 | Industries
Curator appointed by court has kicked off the aution of assets of PT Sri Melamin Rejeki, the oldest melamine resin manufacturer in Indonesia. The Supreme Court ruled in favor of the bankruptcy filed by its shareholder PT Pupuk Sriwijaya, a state-owned ammonia and urea...
Jan 24, 2014 | Industries
To many small-medium garment entrepreneurs, the 2014 general election is a good business opportunity. Politicians and their political parties would spend a hefty amount of money on campaign attributes from flags, hats, t-shirts and banners. Indra Prasetyo (28) is a...
Jan 21, 2014 | Industries, Market
Darma Henwa (DEWA), mining contractor, has signed share purchase agreement (SPA) with Lennette Limited for the divestment of 93.47% shares in PT DH Energy at undisclosed consideration. DEWA said this is part of the company’s restructuring, i.e. divesting...
Jan 20, 2014 | Industries
Mitsubishi Motors decided to boost production of cars in the Philippines with the construction of second plant of 100,000 units per annum. The company considers Indonesia as another location for expansion, but yet to start the project. Mazda picked Thailand for...
Jan 20, 2014 | Industries, Market
Less than two years ago, state-owned power generation and distribution company PT Perusahaan Listrik Negara (PLN) announced a plan to build Indonesia’s largest wind farm in Samas, Yogyakarta consisting of 16 to 33 wind turbines with US$100 million of investment....
Jan 20, 2014 | Industries, Politics
Finland has a special place in Indonesian politics, thanks to the signing of agreement between leaders of Free Aceh Movement (GAM) and central government of Indonesia to end decades of conflicts in Aceh in Helsinki August 15, 2005. Since then, diplomatic and economic...
Jan 20, 2014 | Industries, News Group
Shares of Surya Citra Media (SCMA)—parent of SCTV and Indosiar TV stations controlled by Sariaatmadja family—dropped 5.3% Thursday (Jan 16) following its move in filing lawsuit against Directorate General of Tax at Ministry of Finance. SCMA filed the...
