Category: Industries

Privatization on the fast lane

Two-and-a-half years in office the outgoing state-owned enterprises minister Sugiharto scored only one ‘privatization’ decision, the divestment of 5% shares of PGN late last year despite his repeated statements to...

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Lautan Luas enters China ammonia

Chemical distributor and manufacturer PT Lautan Luas Tbk is expanding its chemical business with the establishment of a new JV with Hongze Yinzu Chemical to produce ammonia in Hongze, China, the company told JSX late last week....

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ADM Capital & The Future of Arbein

ADM Capital, fund manager based in Hong Kong with Asia Development Bank (ADB) as its anchor investor, is reportedly working on the possible offloading of its assets in Arbe Indonesia—controls three chemicals plants in...

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Chandra Asri acquires Styrindo

Olefin center PT Chandra Asri Petrochemical Center has acquired controlling stakes at PT Styrindo Mono Indonesia, the largest styrene monomer producer in South East Asia previously controlled by Japan’s Toyota Tsusho Corp...

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Air Canada also vying for Garuda

There are at least four companies that will compete to be the strategic partner of ailing flag carrier PT Garuda Indonesia Airways. They are Texas Pacific Group (TPG)/Newbridge, Lufthansa, Air Canada and one name I don’t...

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