Conflict between Risco Energy, a company controlled by Indonesian businessman Rizal Risjad, and the management of ASX-listed oil and gas company Tap Oil Ltd, continued. Executive chairman and two non-executive directors of Tap Oil informed ASX this morning that they...
State-owned electricity provider PT Perusahaan Listrik Negara (PLN) and ministry of energy & mineral resources have on Monday engaged three groups linked to French companies in the development of wind farm and solar power plants with combined investments of...
Instagram account of Chilli Pari, a catering service owned by Gibran Rakabuming Raka, eldest son of President Joko ‘Jokowi’ Widodo, posted the inauguration of new outlet of Markobar stuffed pancake at Transmart Solo, Central Java last week. Chairul Tanjung, owner of...
Kaesang Pangarep, the youngest son of President Joko ‘Jokowi’ Widodo, has just opened the first outlet of his Sang Pisang banana nugget at the food court of ITC Cempaka Mas Saturday (Dec 9). Kaesang, the most popular among siblings, followed his brother Gibran in food...
Wintermar Offshore (WINS), an offshore logistic provider, is among the best performing stocks with 53% gain year-to-date. At the last quoted price of Rp336, however, the stock is still way below the price paid by International Finance Corporation (IFC) three years...
Bumi Resources (BUMI), the largest coal group in Indonesia, booked net profit of US$263.8 million in Jan-Sep 2017, skyrocketed 261% from the corresponding period last year due to stronger performance of coal producing subsidiaries PT Kaltim Prima Coal, PT Arutmin...
National media reported today that PT Borneo Pasifik Global sets aside US$50 million of capital expenditures next year for the acquisition of three coal mining permits (IUP) in South Kalimantan. The group also plans to double its production next year. Rendy Halim, CEO...
Consumer finance and leasing company PT BFI Finance Indonesia Tbk (BFIN) is among the best performing stocks with 100% gain year-to-date. It is also one of the most profitable companies in the industry with net profit of Rp842 billion in the first nine months of 2017,...
PT Pupuk Kalimantan Timur (Pupuk Kaltim), a subsidiary of state-owned fertilizer holding company PT Pupuk Indonesia, is among the most profitable companies in Indonesia. Like other state companies, Pupuk Kaltim continues to expand its production capacity for ammonia,...
Metro Pacific Investments Corp (MPIC), a company co-owned by Salim Group, has finally confirmed our earlier reports about acquisition of 47.08% shares in PT Nusantara Infrastructure Tbk (META) for US$132 million. The Philippines media quoted Rodrigo E Franco, CEO of...
