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...
Jan 16, 2014 | Business, Industries
Vice Governor of the Province of the Special Region of Jakarta (Pemprov DKI), Basuki Tjahaja Purnama (Ahok) told reporters last week that his team had issued the licenses required for the Jakarta elevated toll road project to perform its environmental impact...
Jan 10, 2014 | Agriculture, Industries, News Group
Thanks to falling rupiah, price of crude palm oil (CPO) in rupiah already increased by 20% in the past few months to around Rp10,000/Kg (US$845 per ton). If rupiah stays below Rp12,000, palm oil producers would report significant improvement this year. One of...
Jan 10, 2014 | Agriculture, Industries, News Group
Some media outlets ‘concluded’ in their reports today that Asian Agri, controlled by tycoon Sukanto Tanoto, is set to lose assets if the firm, found guilty of tax evasions, fails to pay US$207 million in fines by February 1st. Attorney General’s...
Jan 9, 2014 | Agriculture, Industries, News Group
While some continue to expand production capacities, others have yet to find ways out of their troubles. The court has declared PT Surabaya Agung Industri Pulp and Kertas (SAIP) Tbk bankrupt in April 2013. Strange that few months later national police said due to the...
